Common use of Compensation for Damages Clause in Contracts

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier liquidated damages equivalent to Security Deposit / Performance Bank Guarantee. (3) The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 8 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

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Compensation for Damages. (1) . If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Contractor/ Supplier liquidated damages equivalent to Security Deposit / Deposit/ Performance Bank Guarantee. (3) . The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Bidder/ Contractor/Supplier can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Bidder/ Contractor/ Supplier shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 5 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Deposit/ Performance Bank Guarantee. (3) The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Bidder/ Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 3 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal Principle is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Performance Bank Guarantee. (3) The Bidder bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier Contractor shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 2 contracts

Samples: Tender Agreement, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Performance Bank Guarantee. (3) The Bidder bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier Contractor shall compensate the Principal principal only to the extent of the damage in the amount proved.

Appears in 2 contracts

Samples: Rate Contract for Supply of Manpower, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Contractor/ Supplier liquidated damages equivalent to Security Deposit / Deposit/ Performance Bank Guarantee. (3) The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Bidder/ Contractor/ Supplier can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Bidder/ Contractor/ Supplier shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Deposit/ Performance Bank Guarantee. (3) The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to to condition that if the Bidder / Contractor/Supplier Bidder/ Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated the damages equivalent to the amount equivalent to Xxxxxxx Money Deposit/Deposit or Bid Security, whichever is higher. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled entitle to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to 5% of the contract value or the amount equivalent to Security Deposit / Performance Bank Guarantee, whichever is higher. (3) The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than that the amount of the liquidated damages, the Bidder / Contractor/Supplier Contractor shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 1 contract

Samples: Integrity Pact

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Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Performance Bank Guarantee. (3) The Bidder bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier Contractor shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Performance Bank Guarantee. (3) . The Bidder bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / ContractorBidder/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of or the liquidated damages, the Bidder / ContractorBidder/Supplier Contractor shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or of if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Deposit/ Performance Bank Guarantee. (3) The Bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Bidder/ Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, the Bidder / Contractor/Supplier shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal Principle is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Performance Bank Guarantee. (3) The Bidder bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of the liquidated damages, ,the Bidder / Contractor/Supplier Contractor shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal principal shall be entitled to demand and recover from the Contractor/Supplier Contractor liquidated damages equivalent to Security Deposit / Performance Bank Guarantee.Deposit (3) . The Bidder bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder / Contractor/Supplier Contractor can prove and establish that the exclusion of the Bidder from the tender process or the termination of the contract after the contract award has caused no damage or less damage than the amount of or the liquidated damages, the Bidder / Contractor/Supplier Contractor shall compensate the Principal only to the extent of the damage in the amount proved.

Appears in 1 contract

Samples: Integrity Pact

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