LIQUIDATED DAMAGES AMOUNT Clause Samples
The Liquidated Damages Amount clause defines a predetermined sum that one party must pay to the other if specific contractual obligations are not met, typically in the event of a breach such as delayed performance or failure to deliver goods or services on time. This clause sets out the exact amount or a formula for calculating damages, making it clear in advance what the financial consequences will be for non-compliance. Its core practical function is to provide certainty and avoid disputes over the amount of damages, streamlining the resolution process and allocating risk between the parties.
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LIQUIDATED DAMAGES AMOUNT. IF OTHER THAN IN CONNECTION WITH THE APPLICATION OF PROCEEDS, NOTWITHSTANDING THE PROHIBITIONS OF THIS SECTION 4, THE LOAN IS VOLUNTARILY OR INVOLUNTARILY REPAID PRIOR TO THE MATURITY DATE, INCLUDING AS A RESULT OF AN ACCELERATED MATURITY DATE, THEN BORROWER SHALL PAY TO LENDER, AS LIQUIDATED DAMAGES FOR SUCH DEFAULT AND NOT AS A PENALTY, AND IN ADDITION TO ANY AND ALL OTHER SUMS AND FEES PAYABLE UNDER THIS NOTE AND THE OTHER LOAN DOCUMENTS, AN AMOUNT EQUAL TO FOUR PERCENT (4%) OF THE PRINCIPAL AMOUNT BEING REPAID (THE LIQUIDATED DAMAGES AMOUNT).
LIQUIDATED DAMAGES AMOUNT. IF NOTWITHSTANDING THE PROHIBITIONS OF THIS SECTION 4, THE LOAN IS VOLUNTARILY OR INVOLUNTARILY REPAID DURING THE PREPAYMENT LOCKOUT PERIOD (EXCLUDING PREPAYMENTS MADE (I) IN ACCORDANCE WITH SECTION 4(C) OF THIS NOTE AND (II) FROM A DEFEASANCE OF THE LOAN IN ACCORDANCE WITH THE TERMS OF THE LOAN DOCUMENTS AFTER EXPIRATION OF THE DEFEASANCE LOCKOUT PERIOD), INCLUDING, BUT NOT LIMITED TO, AS A RESULT OF AN ACCELERATED MATURITY DATE, THEN BORROWER SHALL PAY TO LENDER, AS LIQUIDATED DAMAGES FOR SUCH DEFAULT AND NOT AS A PENALTY, AND IN ADDITION TO ANY AND ALL OTHER SUMS AND FEES PAYABLE UNDER THIS NOTE AND THE OTHER LOAN DOCUMENTS, AN AMOUNT EQUAL TO THE GREATER OF (A) FIVE PERCENT (5%) OF THE PRINCIPAL AMOUNT BEING REPAID HEREUNDER AND (B) THE YIELD MAINTENANCE PREMIUM (THE LIQUIDATED DAMAGES AMOUNT). NOTWITHSTANDING THE FOREGOING, THE LIQUIDATED DAMAGES AMOUNT SHALL NOT BE APPLIED TOWARD ANY PREPAYMENTS FROM PROCEEDS.
LIQUIDATED DAMAGES AMOUNT. IF NOTWITHSTANDING THE PROHIBITIONS OF THIS SECTION 4, THE LOAN IS VOLUNTARILY OR INVOLUNTARILY REPAID DURING THE LOCKOUT PERIOD, INCLUDING, BUT NOT LIMITED TO, AS A RESULT OF AN ACCELERATED MATURITY DATE, BUT EXCLUDING A MANDATORY PREPAYMENT UNDER SECTION 4(B), THEN BORROWER SHALL PAY TO LENDER, AS LIQUIDATED DAMAGES FOR SUCH DEFAULT AND NOT AS A PENALTY, AND IN ADDITION TO ANY AND ALL OTHER SUMS AND FEES PAYABLE UNDER THIS NOTE AND THE OTHER LOAN DOCUMENTS, AN AMOUNT EQUAL TO TEN PERCENT (10%) OF THE PRINCIPAL AMOUNT BEING REPAID (THE LIQUIDATED DAMAGES AMOUNT). NO SUCH LIQUIDATED DAMAGES AMOUNT SHALL BE PAYABLE IN ANY EVENT FOLLOWING THE EXPIRATION OF THE LOCKOUT PERIOD.
LIQUIDATED DAMAGES AMOUNT. Section 9.3(a) ..........
LIQUIDATED DAMAGES AMOUNT. For any delay in the Time of Completion pursuant to Article 31 and Attachment-2 (Plan of Work), TELKOM shall be entitled for liquidated damages from CONTRACTOR amounting of 1 0/00 (one per mil) of the Contract Price excluding 10% VAT for each day delay for a maximum ten percent (10%) of the Contract Price.
LIQUIDATED DAMAGES AMOUNT. Section 6.4.2 MECHANICS' LIENS.....................................................Section 4.2.2
LIQUIDATED DAMAGES AMOUNT. For any delay in the completion of WORKS implementation, TELKOM shall be entitled to impose penalty to PARTNER amounting to 1 0 / 00 (one per mil) of the delayed SUB-SYSTEM WORKS value excluding 10 % VAT for every day delay up to a maximum of five per cent (5%) of the CONTRACT VALUE.
LIQUIDATED DAMAGES AMOUNT. (a) The parties hereto agree that the Holders of Transfer Restricted Securities shall suffer damages, and that it would not be feasible to ascertain the extent of such damages with precision if (i) the Shelf Registration Statement required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement; (ii) a Shelf Registration Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement, (iii) the Registrants have failed to perform their obligations set forth in Section 3(b)(i) within the time period specified; (iv) the aggregate duration of the Deferral Periods in any period exceeds the number of days permitted in respect of such period pursuant to Section
LIQUIDATED DAMAGES AMOUNT. Except as provided in below, the Liquidated Damages (“Liquidated Damages”) amount, if due as provided above,
LIQUIDATED DAMAGES AMOUNT. Notwithstanding the termination of the Master Services Agreement in accordance with SECTION 6.2(a) hereof, the Company and Bechtel hereby agree that the amount that would currently be due and owing to Bechtel under Section 5.8 of the Master Services Agreement is US$16.8 million (the "LIQUIDATED DAMAGES AMOUNT"), that such amount shall remain due and owing in accordance with the terms of that agreement and that, unless further work is granted to Bechtel pursuant to and in accordance with an agreement entered into by the parties (which agreement, if any, shall be negotiated in good faith), so as to reduce the Liquidated Damages Amount in accordance with the procedures to be set forth in any such agreement, the Liquidated Damages Amount shall be paid to Bechtel in accordance therewith on the first date such payment would be required to be made under the Master Services Agreement.