Common use of Daily Delay Damages Clause in Contracts

Daily Delay Damages. If Seller has not satisfied the conditions set forth in Section 2.04 for the Initial Delivery Date of the Project by the Expected Initial Delivery Date, Seller shall owe and pay to SCE the Daily Delay Damages for each day of delay beyond the Expected Initial Delivery Date up to the number of remaining days until [Insert date that is three hundred sixty-five (365) days after the Expected Initial Delivery Date]. SCE shall be entitled to recover the Daily Delay Damages owed by Seller by drawing on and/or retaining any Delivery Date Security.

Daily Delay Damages. If Seller has not satisfied the conditions set forth in Section 2.04 for the Initial Delivery Date of the Project by the Expected Initial Delivery Date, Seller shall owe and pay to SCE the applicable Daily Delay Damages for each day of delay beyond the Expected Initial Delivery Date up to the number of remaining days until [Insert date that is three hundred sixty-five (365) days after the Expected Initial Delivery Date]. SCE shall be entitled to recover the Daily Delay Damages owed by Seller by drawing on and/or retaining any Delivery Date Security.

Daily Delay Damages. If Seller has not satisfied the conditions set forth in Section 2.04 3.1 for the Initial Delivery Date of the Project by the Expected Initial Delivery Date, Seller shall owe and pay to SCE the Daily Delay Damages for each day of delay beyond the Expected Initial Delivery Date Date, up to the number of remaining days until [Insert date that is three hundred sixty-five (365) days after the Expected Initial Delivery Date]. SCE shall be entitled to recover the Daily Delay Damages owed by Seller by drawing on and/or retaining any Delivery Date Security.

Daily Delay Damages. If Seller has not satisfied the conditions set forth in Section 2.04 for the Initial Delivery Date of the Project by the Expected Initial Delivery Date, Seller shall owe and pay to SCE the applicable Daily Delay Damages for each day of delay beyond the Expected Initial Delivery Date Date, up to the number of remaining days until [Insert date that is three hundred sixty-five (365) days after the Expected Initial Delivery Date]. [TBD Based on technology] SCE shall be entitled to recover the Daily Delay Damages owed by Seller by drawing on and/or retaining any Delivery Date Security.