Common use of Liquidated Damages Appropriate Clause in Contracts

Liquidated Damages Appropriate. Each Party agrees and acknowledges that (i) the damages that Company would incur due to early termination of the Agreement pursuant to either Section 13.4 (Damages and Termination) or Section 15.4 (Rights of the Non-defaulting Party; Forward Contract) would be difficult or impossible to calculate with certainty,

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

AutoNDA by SimpleDocs

Liquidated Damages Appropriate. Each Party agrees and acknowledges that (i) the damages that Company would incur due to early termination of the Agreement pursuant to either Section 13.4 8.2(B) (Damages and Termination) or Section 15.4 (Rights of the Non-defaulting PartyRight to Terminate; Forward Contract) would be difficult or impossible to calculate predict with certainty,, and (ii) the Pre-COD Termination Damages and Post-COD Termination Damages, as applicable, are an appropriate approximation of such damages.

Appears in 2 contracts

Samples: Power Purchase Agreement (Hawaiian Electric Co Inc), Power Purchase Agreement

Liquidated Damages Appropriate. Each Party agrees and acknowledges that (i) the damages that Company would incur due to early termination of the Agreement pursuant to either Section 13.4 (Damages and Termination) or Section 15.4 (Rights of the Non-defaulting Party; Forward Contract) would be difficult or impossible to calculate with certainty,certainty,‌‌‌‌

Appears in 1 contract

Samples: Power Purchase Agreement

AutoNDA by SimpleDocs

Liquidated Damages Appropriate. Each Party agrees and acknowledges that (i) the damages that Company would incur due to early termination of the Agreement pursuant to either Section 13.4 8.2(B) (Damages and Termination) or Section 15.4 (Rights of the Non-defaulting Party; Forward ContractRight to Terminate) would be difficult or impossible to calculate predict with certainty,, and (ii) the Pre-COD Termination Damages and Post-COD Termination Damages, as applicable, are an appropriate approximation of such damages.

Appears in 1 contract

Samples: Power Purchase Agreement (Hawaiian Electric Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!