If, in respect of Sub-Clause 12.1 (iii)(A)(2) above, the Equipment achieves in excess of [95]% of the relevant Performance Guarantee by the Time for Completion of the Performance Tests (as adjusted under Sub-Clause 8.5) then by notice from the Owner to the Supplier the Owner may elect to deduct from the Contract Price or the Supplier shall pay to the Owner the liquidated damages (“Performance Liquidated Damages“) specified in Schedule 3-1 (Liquidated Damages(Delay and Performance) and Compensation for Reduced Lifetime) and Schedule 6 (Performance Guarantees) for the relevant Equipment.