Principle

Relief Events are specified events which prevent performance by the private party of its obligations at any time. Relief Events will not include events within the private party's control or which, although outside the control of the private party, are best managed by the private party (including where the private party should have put in place appropriate contingency plans).

Provided that certain conditions are met, the occurrence of a Relief Event will entitle the private party to relief from default/termination. However, the private party will bear any additional costs or losses incurred as a consequence of a Relief Event unless that event is also a Compensation Event.