If the private party fails to:
(a) provide a draft cure plan;
(b) comply with the approved cure plan or otherwise diligently pursue a cure of the Event of Default in accordance with the approved cure plan; or
(c) cure the Event of Default within the agreed period, then this is a 'Project Default' and government may accordingly:
(i) exercise its rights under Chapter 25 (Termination);
(ii) exercise its rights under Chapter 27 (Step-in) except where the private party is complying with an approved cure plan and diligently pursuing a remedy;
(iii) require the private party, at its own cost, to replace any sub-contractor performing the obligations to which the Event of Default relates; or
(iv) exercise any of its security rights.