Non-Payment of Volume Payments and/or Demand Guarantee Payments. 16.2.1 If the Public Partner has not made the Volume Payments and/or the Demand Guarantee Payments to the Private Partner until the relevant date, delayed payments shall incur a 1.5% (one and a half percent) monthly interest applied from the Volume Payments Date or Demand Guarantee Payments Date until full payment is received. 16.2.2 In case of delayed payment for 3 (three) consecutive months, the Parties shall meet to discuss and seek to agree on a mitigation plan determining payment process and the compensation to be paid to the Private Partner in addition to the interest fee. 16.2.3 If the Public Partner has not made the Volume Payments and/or the Demand Guarantee Payments for more than 6 (six) consecutive months, the Private Partner may in accordance with the Section 17.2.1.1at its own discretion terminate the Agreement in connection with the Public Partner Event of Default.
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Sources: Public Private Partnership Agreement, Public Private Partnership Agreement