12.1.7  Operation and Maintenance Non-conformances

A


Failure to comply with the operations and maintenance obligations could result in government exercising its right to seek financial security for performance from the private party (e.g. a performance bond)49 and ultimately terminating the project agreement due to an Event of Default.50




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49 See section 11.2.2 in Chapter 11 (Protection against late or insufficient performance of the project activities).

50 See section 23.1 in Chapter 23 (Default) and section 24.1.1 in Chapter 24 (Termination).