If the Project Deed is terminated prior to the Final Expiry Date, a Termination Payment is generally payable. The Termination Payments Schedule assumes that the Project Assets are transferred to the State on termination.
The applicable Termination Payment is calculated by applying the relevant Termination Payment formula in the Termination Payments Schedule.
Termination for Convenience Payments or Force Majeure Termination Payments will be payable by the State.
Default Termination Payments will be payable by the State (if the Project has a positive value) or by Project Co (if the Project has a negative value).