15.2.2  Notification

(a)  The private party must notify government within a specified time from when the occurrence of a Possible Key Risk Event has started to have a material adverse effect and provide full details of the effect of the Possible Key Risk Event.

(b)  If the private party does not notify government of the occurrence of the Possible Key Risk Event within the specified time, the private party will be barred from making any claim for Relief in respect of that Possible Key Risk Event.

(c)  The parties must negotiate in good faith to agree on the occurrence of the Possible Key Risk Event and whether or not it will have a material adverse effect.