Common use of Damages for Breach Clause in Contracts

Damages for Breach. 27.1 In the event of a breach of any Covenant the Owner will on demand pay to the Grantee the sum of $20,000.00 or a sum equal to 25 per cent of the cost of erection of a dwelling, house or structure on the Property, whichever sum is greater. This sum together with all costs incurred in enforcing the Covenant will constitute a debt due to the Grantee and is recoverable by the Grantee as liquidated damages.

Damages for Breach. 27.1 28.1 In the event of a breach of any Covenant the Owner will on demand pay to the Grantee the sum of $20,000.00 or a sum equal to 25 per cent of the cost of erection of a dwelling, house or structure on the Property, whichever sum is greater. This sum together with all costs incurred in enforcing the Covenant will constitute a debt due to the Grantee and is recoverable by the Grantee as liquidated damages.

Damages for Breach. 27.1 27.1. In the event of a breach of any Covenant the Owner will on demand pay to the Grantee the sum of $20,000.00 or a sum equal to 25 per cent of the cost of erection of a dwelling, house or structure on the Property, whichever sum is greater. This sum together with all costs incurred in enforcing the Covenant will constitute a debt due to the Grantee and is recoverable by the Grantee as liquidated damages.