Collection of Liquidated Damages Sample Clauses

Collection of Liquidated Damages. The collection of liquidated damages by the Grantor shall in no respect affect: (1) Compensation owed to Subscribers; or (2) The Grantee's obligation to comply with all of the provisions of this Agreement or applicable law; or (3) Equitable remedies available to the Grantor, provided that collection of liquidated damages shall be the exclusive monetary remedy for the particular incident for which it is imposed other than reasonable attorney fees and costs if applicable.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Collection of Liquidated Damages. The Owner may recover liquidated damages by deducting the amount thereof from any moneys due or that might become due the Contractor, and if such moneys shall be insufficient to cover the liquidated damages, then the Contractor or the Surety shall pay to the Owner the amount due.
Sample 1
Collection of Liquidated Damages. If the RECEIVER/TRUSTEE concludes that Operator is liable for Liquidated Damages pursuant to this Agreement, the RECEIVER/TRUSTEE shall issue to the Operator by registered or certified mail a Notice of Intention to Assess Liquidated Damages. The Notice of Intention to Assess shall set forth the basis of the assessment and shall inform the Operator that Liquidated Damages will be assessed from the date of the Notice of Intention to Assess. The Operator shall include the assessed Liquidated Damages in the Operator’s invoice of the Operating Fee to RECEIVER/TRUSTEE for the Invoicing Period as a credit against the Operating Fee and shall pay any balance due with the invoice if the Liquidated Damages exceed the amount due the Operator for the Invoicing Period. Each Day an event for which Liquidated Damages may be assessed is considered a separate action.
Sample 1
Collection of Liquidated Damages. The amount of liquidated damages shall be deducted from money due or which may become due to SRT, or collect the same from any securities or warranties posted by SRT, whichever is convenient to MTPO. Should the total sum of liquidated damages exceed fifteen (15%) percent of the total MEMORANDUM OF AGREEMENT price, MTPO shall automatically terminate this MEMORANDUM OF AGREEMENT and impose sanctions against SRT over and above the liquidated damages.
Sample 1
Collection of Liquidated Damages. The collection of liquidated damages by the Grantor shall in no respect affect: (1) Compensation owed to Subscribers; or
Sample 1

Related to Collection of Liquidated Damages

  • Withholding for unpaid wages and liquidated damages The FHWA or the contacting agency shall upon its own action or upon written request of an authorized representative of the Department of Labor withhold or cause to be withheld, from any moneys payable on account of work performed by the contractor or subcontractor under any such contract or any other Federal contract with the same prime contractor, or any other federally-assisted contract subject to the Contract Work Hours and Safety Standards Act, which is held by the same prime contractor, such sums as may be determined to be necessary to satisfy any liabilities of such contractor or subcontractor for unpaid wages and liquidated damages as provided in the clause set forth in paragraph (2.) of this section.

  • Liquidated Damages The Company’s obligations to pay any partial liquidated damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial liquidated damages or other amounts are due and payable shall have been canceled.

  • Liquidated Damages for Delay In addition to the Contractor bearing the actual cost of correcting any non-compliant work or any other actual damages resulting from Contractor’s breach of this Agreement, the Contractor agrees to pay the Contractor delay damages in the amount of $500.00 per day for every day that the goods and/or services to be provided pursuant to this Agreement have not been timely delivered to the District in compliance with the Scope of Services set forth above, unless the delay has been properly excused by the terms of this Agreement. The parties agree that the District’s actual damages for delay are difficult to estimate and that this $500.00 per day sum is a reasonable pre-estimate of the District’s actual damages for each day of delay and that the is $500.00 per day sum is intended by the parties to be in the nature of liquidated damages, not a penalty. It is not the parties’ intent for this provision to limit either party’s remedies against the other for the breach of this Agreement, except for the District’s money damages for unexcused delays caused by the Contractor.

  • Payment of Damages The indemnification required hereunder shall be made by periodic payments of the amount thereof during the course of the investigation or defense, within 10 days as and when reasonably specific bills are received or loss, liability, claim, damage or expense is incurred and reasonable evidence thereof is delivered. In calculating any amount to be paid by an indemnifying party by reason of the provisions of this Agreement, the amount shall be reduced by all reimbursements (including, without limitation, insurance proceeds) credited to or received by the other party related to the Damages.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!