If this Agreement is terminated pursuant to Section 2.3.1:
(a) As a result of the Company's failure to comply with its obligations under Section 2.1, the LGU shall be paid liquidated damages by the Company equal to [•] percent ([•]%) of the Total Project Cost unless the Company's failure to fulfill any of its conditions precedent was actually due to (i) a Political Force Majeure Event, or (ii) an LGU Event of Default. For this purpose, the LGU shall draw down the amount claimed as liquidated damages from the Performance Security posted by the Company.
(b) As a result of the LGU's failure to comply with its obligations under Section 2.1, the provisions of Section 16.1.2 (Default Termination Buy-out Provisions) will apply.
(c) This Agreement shall have no further effect. The Parties shall have no further rights and shall be released from all their obligations under this Agreement except in respect of any rights or obligations arising before the termination occurred.