LIQUIDATED DAMAGES FOR BREACH OF WAGE PROVISION. Artist agrees its breach of the Wage Provision would cause the City damage by undermining the Goals, and City’s damage would not be remedied by Artist’s payment of restitution to the workers who were paid a substandard wage. Artist further agrees that such damage would increase the greater the number of employees not paid the applicable prevailing wage and the longer the amount of time over which such wages were not paid. The City and Artist mutually agree that making a precise determination of the amount of City’s damages as a result of Artist’s breach of the Wage Provision would be impracticable and/or extremely difficult. Therefore, the parties agree that, in the event of such a breach, Artist shall pay to the City as liquidated damages the sum of three (3) times the difference between the actual amount of wages paid and the amount of wages that should have been paid.
Appears in 7 contracts
Samples: Art Commission Agreement, Art Commission Agreement, Art Commission Agreement
