Common use of Compensation for default Clause in Contracts

Compensation for default. 28.1.1 Subject to the provisions of Clause 28.4, in the event of the Concessionaire being in material default or breach of this Agreement, it shall pay to the Authority by way of compensation, all direct costs suffered or incurred by the Authority as a consequence of such material default or breach, within 30 (thirty) days of receipt of the demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Clause 28.1 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 2 contracts

Samples: Concession Agreement, Concession Agreement

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Compensation for default. 28.1.1 32.1.1. Subject to the provisions of Clause 28.432.4, in the event of the Concessionaire being in material default or breach of this Agreement, it shall pay to the Contracting Authority by way of compensation, all direct costs suffered or incurred by the Contracting Authority as a consequence of such material default or breach, within 30 (thirty) days days118 of receipt of the demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Clause 28.1 32.1 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 Contracting Authority.

Appears in 1 contract

Samples: Concession Agreement

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Compensation for default. 28.1.1 24.1.1. Subject to the provisions of Clause 28.424.4, in the event of the Concessionaire being in material default or breach of this Agreement, it shall pay to the Authority by way of compensation, all direct costs suffered or incurred by the Authority as a consequence of such material default or breach, within 30 (thirty) days of receipt of the demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Clause 28.1 24.1 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 1 contract

Samples: Concession Agreement

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