Common use of Limitations on Liquidated Damages Clause in Contracts

Limitations on Liquidated Damages. ‌ (a) The aggregate amount of liquidated damages payable by Seller as Reduction Amounts under Section 24.2 (“Critical Milestone Guarantee Liquidated Damages”) shall not exceed, in the aggregate, an amount equal to 5% of the Purchase Price. (b) The amount of liquidated damages payable by Seller for delays in achieving Substantial Completion under Section 24.3 (“Liquidated Damages for Delay in Substantial Completion”) shall not exceed, in the aggregate, an amount equal to 30% of the Purchase Price.

Limitations on Liquidated Damages. ‌ (a) The aggregate amount of liquidated damages payable by Seller as Reduction Amounts under Section 24.2 (“Critical Milestone Guarantee Liquidated Damages”) shall not exceed, in the aggregate, an amount equal to 525% of the Purchase Price. (b) The amount of liquidated damages payable by Seller for delays in achieving Substantial Completion under Section 24.3 (“Liquidated Damages for Delay in Substantial Completion”) shall not exceed, in the aggregate, an amount equal to 30% of the Purchase Price.

Limitations on Liquidated Damages. ‌ (a) The aggregate amount of liquidated damages payable by Seller as Reduction Amounts under Section 24.2 (“Critical Milestone Guarantee Liquidated Damages”) shall not exceed, in the aggregate, an amount equal to 5% of the Purchase Price. (b) The amount of liquidated damages payable by Seller for delays in achieving Substantial Completion under Section 24.3 (“Liquidated Damages for Delay in Substantial Completion”) shall not exceed, in the aggregate, an amount equal to 30% of the Purchase Price.

Limitations on Liquidated Damages. ‌ (a) The aggregate amount of liquidated damages payable by Seller as Reduction Amounts under Section 24.2 (“Critical Milestone Guarantee Liquidated Damages”) shall not exceed, in the aggregate, an amount equal to 5% of the Purchase Price. (b) The amount of liquidated damages payable by Seller for delays in achieving Substantial Completion under Section 24.3 (“Liquidated Damages for Delay in Substantial Completion”) shall not exceed, in the aggregate, an amount equal to 30% of the Purchase Price.

Limitations on Liquidated Damages. ‌ (a) The aggregate amount of liquidated damages payable by Seller as Reduction Amounts under Section 24.2 (“Critical Milestone Guarantee Liquidated Damages”) shall not exceed, in the aggregate, an amount equal to 5125% of the Purchase Price. (b) The amount of liquidated damages payable by Seller for delays in achieving Substantial Completion under Section 24.3 (“Liquidated Damages for Delay in Substantial Completion”) shall not exceed, in the aggregate, an amount equal to 30% of the Purchase Price.