Compensation for default by the Concessionaire. 20.4.1. Subject to the provisions of Clause 20.6.1, in the event of the Concessionaire being in material default or Material Breach of this Agreement, it shall pay to the Authority by way of Damages, losses, all direct costs and compensation suffered or incurred by the Authority as a consequence of such material default or breach, within 30 (thirty) days of receipt of the demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Clause 20.4.1 for any Material Breach or default in respect of which Damages are expressly specified and payable under this Agreement or for any consequential losses incurred by the Authority. Without prejudice to whatever is stated herein above, the Authority shall have the right to adjust the Damages etc., payable as stated herein from the Storage and Handling Charges and/or Performance Security.
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Sources: Concession Agreement, Concession Agreement, Concession Agreement