Extension of Development Deadlines with Liquidated Damages Sample Clauses

Extension of Development Deadlines with Liquidated Damages. Contractor may extend any or all of its performance deadlines in the Development Plan for an aggregate of up to thirty (30) days by (i) giving notice thereof to DCH prior to each deadline in question, and (ii) paying DCH on a weekly basis liquidated damages of Ten Thousand Dollars ($10,000.00) per day for each day of the extension, with any accrued but unpaid liquidated damages being due to DCH on Wednesdays. Any such extension shall automatically extend any subsequent deadlines in the Development Plan by the same length of time without additional charge to Contractor; provided, however, that notwithstanding any other provision of this Agreement, Contractor must complete the components listed in Section 3.5.2 of this Agreement, and DCH must approve them, by the Component Approval Dates. The Component Approval Dates may not be extended, and Contractor's failure to satisfy such deadlines by the Component Approval Dates shall constitute a Breach, and DCH may, in its sole and absolute discretion, avail itself of either the Refund Remedy or the Cover Remedy.
Sample 1
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Extension of Development Deadlines with Liquidated Damages. Contractor may extend any or all of its performance deadlines in the Development Plan for an aggregate of up to thirty (30) days by (i) giving notice thereof to DCH prior to each deadline in question, and (ii) paying DCH on a weekly basis liquidated damages of Ten Five Thousand Dollars ($10,000.00)($5,000.00) per day for each day of the extension, with any accrued but unpaid liquidated damages being due to DCH on Wednesdays. The Parties agree that it is impossible to more precisely estimate the specific damages to be suffered by DCH because of the extension of the performance deadlines, and therefore, the Parties expressly acknowledge and intend that this provision shall be a provision for the payment of liquidated damages and not for the payment of a penalty, pursuant to the provisions of the Official Code of Georgia, Section 13-6-7. Any such extension shall automatically extend any subsequent deadlines in the Development Plan by the same length of time without additional charge to Contractor; provided, however, that notwithstanding any other provision of this Agreement, Contractor must complete the components listed in Section 3.5.2(iv) of this Agreement, and DCH must approve them, by the Component Approval Dates. The Component Approval Dates may not be extended, and Contractor’s failure to satisfy such deadlines by the Component Approval Dates shall constitute a Breach, and DCH may, in its sole and absolute discretion, avail itself of either the Refund Remedy or the Cover Remedy.
Sample 1

Related to Extension of Development Deadlines with Liquidated Damages

  • Extension of Deadlines If the deadline for signing, approving, or refunding under paragraphs 3, 5, or 6 falls on a Saturday, Sunday, or a state or federal holiday, the deadline will be extended to the end of the next business day.

  • C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Client agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period) the Client shall, in the 6 month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than 30 Working Days) to agree a variation in the Contract Price.

  • EXPIRATION DATE AND EXTENSION This Contract expires January 31, 2023, unless it is terminated sooner pursuant to Article XX of the General Terms and Conditions, which are incorporated into this Contract by reference. This Contract may be extended up to three additional one-year periods upon request of Sourcewell and with written agreement by the Contractor, not to exceed a total of four years.

  • Supported Initial and Renewal Registration Periods a. Initial registrations of Registered Names (where available according to functional specifications and other requirements) may be made in the registry for terms of up to ten years.

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • ADDITIONAL SPECIAL CONTRACT CONDITIONS A. Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following:

  • Extension of Concession Period Subject to the provisions of Clause 35.6, in the event that a material default or breach of this Agreement set forth in Clause 35.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may be.

  • EXTENSION OF USE The Contract may be extended to additional States or governmental jurisdictions upon mutual written agreement between New York State (the lead contracting State) and the Contractor. Political subdivisions and other authorized entities within each participating State or governmental jurisdiction may also participate in the Contract if such State normally allows participation by such entities. New York State reserves the right to negotiate additional minimum NYS Vehicle Discounts based on any increased volume generated by such extensions.

  • Obligations Beyond Contract Term The Contract shall remain in full force and effect to the end of the specified term or until terminated or canceled pursuant to the Contract. All obligations of the Contractor incurred or existing under the Contract as of the date of expiration, termination or cancellation will survive the termination, expiration or conclusion of the Contract.

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

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