Financial Consequences of Termination. 1. If this Agreement is terminated by the Eurosystem pursuant to Article 38(2)(a), (b) or (c), 38(3)(b) or by the Contracting CSD pursuant to Articles 38(1)(d), (3)(b) or 39(2), the Eu- rosystem shall be entitled to claim financial compensation from the Contracting CSD. The procedures for the exercise of compensation claims and for the determination of the amounts of compensation are detailed in Section 2 of Schedule 13 (Procedures for payment of Claims). In case of termination by the Contracting CSD pursuant to Article 38(1)(d), the financial compensation to be paid by the Contracting CSD in accordance with Section 2 of Schedule 13 is reduced by 50 percent.
Financial Consequences of Termination. 42.2.1. In case of ahead of term termination of Agreement by the GRANTOR OF CONCESSION due to default on the part of CONCESSIONAIRE compensation under art. 37, liquidated damages under art. 38 shall be paid as well as indemnity for the actual size of damages suffered by the GRANTOR OF CONCESSION in case the compensation and the liquidated damages under the present Agreement may not cover the actual value of these damages. In case of termination of the present Concession Agreement due to a reason for which the CONCESSIONAIRE is liable and in case of non-fulfilment of obligations under the present Agreement the GRANTOR OF CONCESSION shall utilize the Performance bonds under art.14.1.
Financial Consequences of Termination
