- Failure of the PROPONENT-OPERATOR to post any of the performance securities shall be sufficient ground for the LGU not to execute this Agreement. Should the LGU, under any of the conditions stipulated under Article 14, terminate this Agreement, the performance security not so released shall be forfeited in favor of the PROPONENT-OPERATOR without any need of judicial action. The PROPONENT-OPERATOR shall obtain the consent of the surety, if necessary, for any changes to this Agreement to ensure the effectivity of the performance securities submitted to the LGU.