LIQUIDATED DAMAGES CAP. 22.3.1 The total amount of Contractor’s obligations to pay Schedule Delay Liquidated Damages pursuant to Section 22.2 shall not exceed the following amounts: (a) LPS1 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS1 Schedule Delay Liquidated Damages Cap”); (b) LPS2 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS2 Schedule Delay Liquidated Damages Cap”); (c) LPS3 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS3 Schedule Delay Liquidated Damages Cap”); (d) LPS4 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS4 Schedule Delay Liquidated Damages Cap”); and (e) Facility Schedule Delay Liquidated Damages shall not exceed [***] (the “Facility Schedule Delay Liquidated Damages Cap”). 22.3.2 If at any time Contractor is as a result of the operation of Section 22.3.1 no longer liable hereunder to pay Schedule Delay Liquidated Damages, then Owner may terminate this Agreement in accordance with Sections 31.1.16 and 31.4 or continue to permit Contractor to progress the Work in accordance with the requirements of this Agreement.
Appears in 3 contracts
Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)
LIQUIDATED DAMAGES CAP. 22.3.1 The total amount of Contractor’s obligations to pay Schedule Delay Liquidated Damages pursuant to Section 22.2 shall not exceed the following amounts:
(a) LPS1 LPS5 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS1 LPS5 Schedule Delay Liquidated Damages Cap”);
(b) LPS2 LPS6 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS2 Schedule Delay Liquidated Damages Cap”);
(c) LPS3 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS3 Schedule Delay Liquidated Damages Cap”);
(d) LPS4 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS4 LPS6 Schedule Delay Liquidated Damages Cap”); and
(ec) Facility Schedule Delay Liquidated Damages shall not exceed [***] (the “Facility Schedule Delay Liquidated Damages Cap”).
22.3.2 The total amount of Contractor’s obligations to pay Schedule Delay Liquidated Damages hereunder shall not exceed [***] in the aggregate.
22.3.3 If at any time Contractor is as a result of the operation of Section 22.3.1 or Section 22.3.2 no longer liable hereunder to pay Schedule Delay Liquidated Damages, then Owner may terminate this Agreement in accordance with Sections 31.1.16 31.1.17 and 31.4 or continue to permit Contractor to progress the Work in accordance with the requirements of this Agreement.
Appears in 3 contracts
Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)
LIQUIDATED DAMAGES CAP. 22.3.1 The total amount of Contractor’s obligations to pay Schedule Delay Liquidated Damages pursuant to Section 22.2 shall not exceed the following amounts:
(a) LPS1 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS1 Schedule Delay Liquidated Damages Cap”);
(b) LPS2 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS2 Schedule Delay Liquidated Damages Cap”);
(c) LPS3 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS3 Schedule Delay Liquidated Damages Cap”);
(d) LPS4 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS4 Schedule Delay Liquidated Damages Cap”); and
(e) Facility Schedule Delay Liquidated Damages shall not exceed [***] (the “Facility Schedule Delay Liquidated Damages Cap”).
22.3.2 The total amount of Contractor’s obligations to pay Schedule Delay Liquidated Damages hereunder shall not exceed [***] in the aggregate.
22.3.3 If at any time Contractor is as a result of the operation of Section 22.3.1 or Section 22.3.2 no longer liable hereunder to pay Schedule Delay Liquidated Damages, then Owner may terminate this Agreement in accordance with Sections 31.1.16 31.1.17 and 31.4 or continue to permit Contractor to progress the Work in accordance with the requirements of this Agreement.
Appears in 2 contracts
Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)
LIQUIDATED DAMAGES CAP. 22.3.1 The total amount of Contractor’s obligations to pay Schedule Delay Liquidated Damages pursuant to Section 22.2 shall not exceed the following amounts:
(a) LPS1 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS1 Schedule Delay Liquidated Damages Cap”);
(b) LPS2 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS2 Schedule Delay Liquidated Damages Cap”);
(c) LPS3 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS3 Schedule Delay Liquidated Damages Cap”);
(d) LPS4 Schedule Delay Liquidated Damages shall not exceed [***] (the “LPS4 Schedule Delay Liquidated Damages Cap”); and
(e) Facility Schedule Delay Liquidated Damages shall not exceed [***] (the “Facility Schedule Delay Liquidated Damages Cap”).
22.3.2 If at any time Contractor is as a result of the operation of Section 22.3.1 no longer liable hereunder to pay Schedule Delay Liquidated Damages, then Owner may terminate this Agreement in accordance with Sections 31.1.16 and 31.4 or continue to permit Contractor to progress the Work in accordance with the requirements of this Agreement.
Appears in 1 contract
Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.)
