Common use of DAMAGES FOR DELAY IN COMPLETION Clause in Contracts

DAMAGES FOR DELAY IN COMPLETION. 29.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive); and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs later than 7 days after the Date for Completion. 29.2 The Party at fault must pay the amount specified in clause 29.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and (b) the damages must be paid on Completion.

Appears in 6 contracts

Samples: First Grant Contract, First Grant Contract, First Grant Contract

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DAMAGES FOR DELAY IN COMPLETION. 29.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive)Completion; and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs later than 7 days after the Date for Completion. 29.2 The Party at fault must pay the amount specified in clause 29.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and , and (b) the damages must be paid on Completion.

Appears in 6 contracts

Samples: First Grant Contract, First Grant Contract, First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 28.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive); and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs later than 7 days after the Date for Completion. 29.2 28.2 The Party at fault must pay the amount specified in clause 29.1 28.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 28.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a28.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and (b) the damages must be paid on Completion.

Appears in 3 contracts

Samples: First Grant Contract, First Grant Contract, First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 30.1 If Completion does not occur by the Date for Completion, due to the default of either Partyparty, the Party party who is at fault must pay the other Party party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive); and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party party not at default if Completion occurs later than 7 days 5 Working Days after the Date for Completion. 29.2 30.2 The Party party at fault must pay the amount specified in clause 29.1 30.1 in addition to any other damages to which the Party party not at fault is entitled both at law and under this Contract. 29.3 30.3 The Parties parties agree that: (a) the amount of any damages payable under clause 29.1(a30.1(a) to the Party party not in default is a genuine and honest pre-estimate of loss to that Party party for the delay in Completion; and (b) the damages must be paid on Completion.

Appears in 2 contracts

Samples: First Grant Contract, First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 32.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis basis, beginning on and from the date that is 7 days after the Date for Completion Completion, to Completion (inclusive)and including the day of Completion; and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs on or later than 7 days after the Date for Completion. 29.2 32.2 The Party at fault must pay the amount specified in clause 29.1 32.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 32.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a32.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and , and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 28.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive)Completion; and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs later than 7 days after the Date for Completion. 29.2 28.2 The Party at fault must pay the amount specified in clause 29.1 28.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 28.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a28.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and , and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 32.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis , starting on and from the date that is 7 days after the Date for Completion to Completion (inclusive)and including the day of Completion; and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs on or later than 7 days after the Date for Completion. 29.2 32.2 The Party at fault must pay the amount specified in clause 29.1 32.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 32.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a32.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and , and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 If Completion does not occur by the Date for Completion, due to the default of either Party, the Party who is at fault must pay the other Party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive); and (b) the amount of $660.00 (including GST) to be applied towards any legal costs and disbursements incurred by the Party not at default if Completion occurs later than 7 days after af ter the Date for Completion. 29.2 The Party at fault f xxxx must pay the amount specified in clause 29.1 in addition to any other damages to which the Party not at fault is entitled both at law and under this Contract. 29.3 The Parties agree that: (a) the amount of any damages payable under clause 29.1(a) to the Party not in default is a genuine and honest pre-estimate of loss to that Party for the delay in Completion; and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: First Grant Contract

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DAMAGES FOR DELAY IN COMPLETION. 29.1 28.1 If Completion does not occur by the Date for Completion, due to the default of either Partyparty, the Party party who is at fault must pay the other Party party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive)Completion; andand‌ (b) the amount of $660.00 550 (including GST) to be applied towards any legal costs and disbursements incurred by the Party party not at default if Completion occurs later than 7 days after the Date for Completion.Completion.‌ 29.2 28.2 The Party party at fault must pay the amount specified in clause 29.1 28.1(b) in addition to any other damages to which the Party party not at fault is entitled both at law and under this Contract. 29.3 28.3 The Parties parties agree that: (a) the amount of any damages payable under clause 29.1(aclauses 28.1(a) to the Party party not in default is a genuine and honest pre-estimate of loss to that Party party for the delay in Completion; and , and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: First Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 If Completion does not occur by the Date for Completion, due to the default of either Partyparty, the Party party who is at fault must pay the other Party party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive)Completion; andand‌ (b) the amount of $660.00 550 (including GST) to be applied towards any legal costs and disbursements incurred by the Party party not at default if Completion occurs later than 7 days after the Date for Completion.Completion.‌ 29.2 The Party party at fault must pay the amount specified in clause 29.1 29.1(b) in addition to any other damages to which the Party party not at fault is entitled both at law and under this Contract. 29.3 The Parties parties agree that: (a) the amount of any damages payable under clause 29.1(a) to the Party party not in default is a genuine and honest pre-estimate of loss to that Party party for the delay in Completion; and , and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 ‌ 32.1 If Completion does not occur by the Date for Completion, due to the default of either Partyparty, the Party party who is at fault must pay the other Party party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive); Completion;‌ and (b) the amount of $660.00 550 (including GST) to be applied towards any legal costs and disbursements incurred by the Party party not at default if Completion occurs later than 7 days after the Date for Completion.Completion.‌ 29.2 32.2 The Party party at fault must pay the amount specified in clause 29.1 32.1(b) in addition to any other damages to which the Party party not at fault is entitled both at law and under this Contract.Contract.‌‌‌‌ 29.3 32.3 The Parties parties agree that: (a) the amount of any damages payable under clause 29.1(aclauses 32.1(a) to the Party party not in default is a genuine and honest pre-estimate of loss to that Party party for the delay in Completion; and , and‌‌ (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: Grant Contract

DAMAGES FOR DELAY IN COMPLETION. 29.1 28.1 If Completion does not occur by the Date for Completion, due to the default of either Partyparty, the Party party who is at fault must pay the other Party party as liquidated damages on Completion: (a) interest on the Price at the rate of 10% per annum calculated on a daily basis from the date 7 days after the Date for Completion to Completion (inclusive)Completion; and (b) the amount of $660.00 550 (including GST) to be applied towards any legal costs and disbursements incurred by the Party party not at default if Completion occurs later than 7 days after the Date for Completion. 29.2 28.2 The Party party at fault must pay the amount specified in clause 29.1 28.1(b) in addition to any other damages to which the Party party not at fault is entitled both at law and under this Contract. 29.3 28.3 The Parties parties agree that: (a) the amount of any damages payable under clause 29.1(aclauses 28.1(a) to the Party party not in default is a genuine and honest pre-estimate pre‐estimate of loss to that Party party for the delay in Completion; , and (b) the damages must be paid on Completion.

Appears in 1 contract

Samples: Grant Contract

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