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CERTAIN LIQUIDATED DAMAGES Sample Clauses

CERTAIN LIQUIDATED DAMAGES. Whether or not Lessor shall have exercised, or shall thereafter at any time exercise, any of its rights under Section 15.1.1 or 15.1.2 with respect to the Airframe and/or any Engine, or any Part thereof, Lessor, by written notice to Lessee specifying a payment date (which shall be the Stipulated Loss Value Date next occurring not less than 10 days after the date of such notice), may demand Lessee to pay to Lessor, and Lessee shall pay to Lessor, on the payment date so specified and in the manner and in funds of the type specified in Section 3.3, as liquidated damages for loss of a bargain and not as a penalty (in lieu of the Interim Rent, Basic Rent or Renewal Rent, as the case may be, for the Aircraft in respect of all periods commencing on or after the date specified for payment in such notice), the following amounts: (a) all unpaid Interim Rent, Basic Rent or Renewal Rent, as the case may be, due at any time prior to the Stipulated Loss Value Date specified in such notice; plus (b) whichever of the following amounts Lessor, in its sole discretion shall specify in such notice: (i) an amount equal to the excess, if any, of the present value, computed as of the Stipulated Loss Value Date specified in such notice, discounted to such date at a rate per annum equal to the Debt Rate, compounded semiannually, of all unpaid Interim Rent and Basic Rent during the then remaining portion of the Base Lease Term or, if a Renewal Lease Term has commenced, of all unpaid Renewal Rent during the remaining portion of such Renewal Lease Term, over the Fair Market Rental Value of the Aircraft for the remainder of the Term, after discounting such Fair Market Rental Value to its then present value (at a rate per annum equal to the Debt Rate, compounded semiannually) as of the Stipulated Loss Value Date specified in such notice, or (ii) an amount equal to the excess, if any, of the Stipulated Loss Value for the Aircraft, computed as of the Stipulated Loss Value Date specified in such notice, over the Fair Market Sales Value of the Aircraft, as of the Stipulated Loss Value Date specified in such notice; plus (c) interest on the amounts specified in the foregoing clause (a) at the Payment Due Rate from and including the date on which any such amount was due to the date of payment of such amount; plus (d) interest on the amount specified in the foregoing clause (b)(i) or (b)(ii), according to Lessor's election, at the Payment Due Rate from and including the Stipulated Loss Value ...
CERTAIN LIQUIDATED DAMAGES. Whether or not Lessor shall have exercised, or shall thereafter at any time exercise, any of its rights under Section 15.1.1 or 15.1.2 with respect to the Airframe and/or any Engine, or any Part thereof, Lessor, by written notice to Lessee specifying a payment date (which shall be the Stipulated Loss Value Date next occurring not less than 10 days after the date of such notice), may demand Lessee to pay to Lessor, and Lessee shall pay to Lessor, on the payment date so specified and in the manner and in funds of the type specified in Section 3.3, as liquidated damages for loss of a bargain and not as a penalty (in lieu of the Basic Rent or Renewal Rent, as the case may be, for the Aircraft in respect of all periods commencing on or after the date specified for payment in such notice), the following amounts: (a) all unpaid Basic Rent or Renewal Rent, as the case may be, due at any time prior to the Stipulated Loss Value Date specified in such notice; plus (b) an amount equal to the excess, if any, of the Stipulated Loss Value for the Aircraft, computed as of the Stipulated Loss Value Date specified in such notice, over the Fair Market Sales Value of the Aircraft, as of the Stipulated Loss Value Date specified in such notice; plus (c) interest on the amounts specified in the foregoing clause (a) at the Payment Due Rate from and including the date on which any such amount was due to the date of payment of such amount; plus (d) interest on the amount specified in the foregoing clause (b) at the Payment Due Rate from and including the Stipulated Loss Value Date specified in such notice to the date of payment of such amount.
CERTAIN LIQUIDATED DAMAGES. Whether or not Lessor shall have exercised, or shall thereafter at any time exercise, any of its rights under ss. 15.1.1
CERTAIN LIQUIDATED DAMAGES. RAI will update from time to time Exhibit B to reflect the exact in-service week and in-service day that each of the TBD aircraft appearing on Exhibit B is known, with notification to Frontier as to such week being no later than [* ] in advance of the in-service week and the notification as to such date being no later than [*] in advance of the in-service date. RAI will deliver such amended Exhibit B to Frontier as soon as possible. If RAI shall fail to provide a Covered Aircraft (such Covered Aircraft being referred to as a “Delayed Aircraft”) on the applicable in-service day reflected on the amended Exhibit B, or, if no inservice date has been specified, the last day of the applicable scheduled inservice week, or, if no inservice week has been designated, the last day of the inservice month (in each case, the “Anticipated Service Date”), RAI will pay to Frontier liquidated damages in an amount equal to [* ] per each day between the Anticipated Service Date and the actual in-service date of such aircraft (or, if applicable, the date of any election by Frontier to remove the aircraft, as provided below), provided that, in the event such inservice delay is due to circumstances beyond the control of RAI and RAI provides prior notice (the “Delay Notice”) of such delay, such liquidated damages shall not in any event exceed (x) [*] if the Delay Notice is provided to Frontier no fewer than [*] prior to the Anticipated Service Date for the Delayed Aircraft, or (y) if such notice is delivered fewer than [*] prior to the Anticipated Service Date for the Delayed Aircraft, (i) [*] plus (ii) [*] times the difference between [*] minus the number of days between the date of such notice and the Anticipated Service Date for the Delayed Aircraft, and provided further, if the revised delivery date for the Delayed Aircraft indicated in the Delay Notice (or in any subsequent notice as a result of subsequent delays), is more than [*] beyond the Anticipated Service Date, Frontier will have the right, to be exercised within five Business Days of receipt of such notice (or subsequent notice), to elect to remove the Delayed Aircraft from the terms of this Agreement. Should Frontier elect to remove the Delayed Aircraft from the terms of this Agreement pursuant to this Section 10.11(b), (x) if such removal occurs prior to the Anticipated Service Date, no liquidated damages shall be payable by RAI, and (y) if such removal occurs after the Anticipated Service Date as a result of any s...
CERTAIN LIQUIDATED DAMAGES. Whether or not Lessor shall have exercised, or shall thereafter at any time exercise, any of its rights under Section 15.1.1 or 15.1.2 with respect to the Aircraft, Airframe or any Engine, or any part thereof, Lessor, by written notice to Lessee specifying a payment date (which shall be a Termination Value Date occurring not less than 10 days after the date of such notice), may demand Lessee to pay to Lessor, and Lessee shall pay to Lessor, on the payment date so specified and in the manner and in funds of the type specified in Section 3.3, as liquidated damages for loss of a bargain and not as a penalty (in lieu of the Interim Rent, Basic Rent or Renewal Rent, as the case may be, for the Aircraft in respect of all periods commencing on or after LEASE AGREEMENT SPECIAL PAGE 55 771 the date specified for payment in such notice), the following amounts:
CERTAIN LIQUIDATED DAMAGES. If Shuttle shall fail to provide a Covered Aircraft within 30 days of the applicable in-service day reflected on Exhibit B (such Covered Aircraft being referred to herein as a “Delayed Aircraft”), Shuttle will pay to Mokulele following such failure liquidated damages in an amount equal to [*] for each day between the [*] day following the in-service date reflected on Exhibit B and the actual in-service date of such Delayed Aircraft; provided that, in the event such in-service delay is due to circumstances beyond the control of Shuttle and Shuttle provides prior notice of such delay, such liquidated damages shall not in any event exceed [*]. The parties agree that the damages to be suffered by Mokulele in connection with Shuttle’s failure to deliver an aircraft on a scheduled in-service date as provided in Exhibit B shall be difficult to calculate, and that the foregoing liquidated damages are a good faith estimate of such damages, and that such liquidated damages are not intended to be a penalty. The parties further agree that the foregoing liquidated damages shall be Mokulele’s sole and exclusive remedy against Shuttle for any damages suffered solely as a result of Shuttle’s failure to deliver an aircraft on a scheduled in-service date as provided in Exhibit B.
CERTAIN LIQUIDATED DAMAGES. Whether or not Lessor shall have exercised, or shall thereafter at any time exercise, any of its rights under Section 15.1.1 or 15.1.2 with respect to the Airframe and/or any Engine, or any Part thereof, Lessor, by written notice to Lessee specifying a payment date (which shall be the Stipulated Loss Value Date next occurring not less than 10 days after the date of such notice), may demand Lessee to pay to Lessor, and Lessee shall pay to Lessor, on the payment date so specified and in the manner and in funds of the type specified in Section 3.3, as liquidated damages for loss of a bargain and not as a penalty (in lieu of the Interim Rent, Basic Rent or Renewal Rent, as the case may be, for the Aircraft in respect of all periods commencing on or after the date specified for payment in such notice), the following amounts: (a) all unpaid Interim Rent, Basic Rent or Renewal Rent, as the case may be, due at any time prior to the Stipulated Loss Value Date specified in such notice; plus (b) whichever of the following amounts Lessor, in its sole discretion shall specify in such notice:
CERTAIN LIQUIDATED DAMAGESThe Company agrees that, if the Certificate of Amendment shall not have been filed with the Secretary of State of the State of Delaware under the Delaware General Corporation Law prior to the second anniversary of the Closing Date, then on such anniversary and every six months thereafter until the Certificate of Amendment shall have been so filed or, if earlier, until such time as the Company is otherwise legally able to permit the exercise of the Warrants in full, the Company shall pay the holder of each Warrant, as liquidated damages and not as a penalty, the sum of $0.01 for each Underlying Share for which such Warrant cannot be exercised.
CERTAIN LIQUIDATED DAMAGES. If Contractor shall fail to complete Schedule 1 in accordance with Section 10.19 with respect to the TBD Aircraft (including meeting the date milestones contained therein) (it being understood that Schedule 1 shall be deemed complete for purposes of this Section 10.11(b) if not more than an aggregate of five TBD Aircraft to be identified by any milestone set forth in such Section 10.19 are not so identified by such milestone), then for each TBD Aircraft in excess of such five TBD Aircraft for which complete information is not provided, Contractor shall (x) identify by “number” and “scheduled delivery dateon Schedule 1 the TBD Aircraft for which information is deemed to have been omitted, and (y) pay to Continental within 10 days following such failure liquidated damages in an amount determined as follows: (i) [*] for a TBD Aircraft the scheduled delivery date for which is more than [*] after the relevant milestone giving rise to such failure; (ii) [*] for a TBD Aircraft the scheduled delivery date for which is less than (or exactly) [*] after the relevant milestone giving rise to such failure; and (iii) [*] for a TBD Aircraft the scheduled delivery date for which is less than (or exactly) [*] after the relevant milestone giving rise to such failure. The parties agree that the damages to be suffered by Continental in connection with Contractor’s failure to complete Schedule 1 as described above shall be difficult to calculate, and that the foregoing liquidated damages are a good faith estimate of such damages, and that such liquidated damages are not intended to be a penalty. The parties further agree that the foregoing liquidated damages and the right to terminate pursuant to Section 8.02(a) shall be Continental’s sole and exclusive remedies against Parent and Contractor for any damages suffered solely as a result of Contractor’s failure to provide complete information with respect to the TBD Aircraft as described above (it being agreed that separate payment obligations are set forth in Section 10.19 for the failure to identify up to an aggregate of five TBD Aircraft to be identified by any milestone set forth in such Section 10.19). In connection with a payment of liquidated damages in respect of a TBD Aircraft, Schedule 1 shall be automatically amended without any further action by any party hereto to eliminate such TBD Aircraft and thereby reduce the aggregate number of Covered Aircraft on such schedule. ___________
CERTAIN LIQUIDATED DAMAGES