Effects of delay. The Client can claim indemnification of any loss suffered due to the delay. Such compensation is limited to direct loss unless the Supplier or a person for whom the Supplier is responsible has demonstrated gross negligence or willful intent. The Client may terminate the Agreement if the delay entails a material breach of contract. In the event of delay or assumed delay, the Supplier shall notify the Client of this in writing without undue delay. Such notification must state the reason for the delay and when the Delivery will be implemented. If the Client does not receive such notification within a reasonable period after the Supplier became aware of or should have been aware of the hindrance, the Client can demand indemnification of loss that could have been avoided if the notification had arrived in time.
Effects of delay. (a) Unless otherwise agreed, in the event of delay, the damages accrue with 1% of the value of the delayed goods for each commencement week until contractual delivery takes place, or in case of cancellation, until the cancellation date. However, the overall damages shall not exceed 10% of the value of the delayed goods.
Effects of delay. If Supplier is responsible for a delay as described in Section 5.1, STV shall be entitled to receive liquidated damages. The liquidated damages shall be paid per commenced week of delay in accordance with the provisions set forth in the Agreement. In the absence of such provisions, liquidated damages in the amount of two (2) percent of the estimated payment for the delayed Result shall be paid for each commenced week of delay. However, such liquidated damages shall not exceed an aggregate amount of twenty (20) percent of the estimated payment for the delayed Result. If the delay exceeds ten (10) weeks, STV may terminate the Agreement, in whole or in part, by written notice. In the event that STV terminates the Agreement pursuant to this Section, STV shall be entitled to repayment of all amounts that STV has paid to Supplier under the Agreement.
