Common use of Termination due to delay Clause in Contracts

Termination due to delay. 13.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to Clause 26.6.1, in the event that COD does not occur, for any reason whatsoever, within the period set forth in Clause 13.1, all rights, privileges, claims and entitlements of the Concessionaire under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased with the concurrence of the Concessionaire, and the Concession Agreement shall be deemed to have been terminated by mutual agreement of the Parties.