If the loss or damage to the Project Assets is Major Loss or Damage, the State may direct Project Co not to repair or reinstate the Project Assets and the Project Deed will be terminated. The cause of the loss or damage will determine how the Project Deed is terminated and the consequent Termination Payment. If the Major Loss or Damage was caused by:
• a Major Default or a Project Co Act or Omission, this will be deemed to be a Default Termination Event;
• a Force Majeure Event, or an Uninsurable Risk, this will be deemed to be a Force Majeure Termination Event; or
• all other events, the Project Deed will be terminated for convenience.