Common use of Compensation for default by Operator Clause in Contracts

Compensation for default by Operator. In the event of Operator being in material default of this Agreement and such default is cured before Termination, the Operator shall pay to the Authority as compensation, all direct additional costs suffered or incurred by the Authority arising out of such material default by the Operator, in one lump sum within ninety days of receiving the demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Article 15.1 for any material breach or default in respect of which damages are expressly specified and payable under this Agreement or for any consequential losses incurred by the Authority.

Appears in 4 contracts

Samples: Operation and Maintenance Agreement, Operation and Maintenance Agreement, Operation and Maintenance Agreement

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