Common use of Liquidated Damages for Startup and Commissioning Clause in Contracts

Liquidated Damages for Startup and Commissioning. ‌ If in connection with startup, commissioning and Performance Testing Seller exceeds ninety (90) Equivalent Starts and/or three hundred (300) Fired Hours per Combustion Turbine, then Seller shall pay to Buyer, in addition to any other Liquidated Damages, and amount equal to (a) Twelve Thousand Dollars ($12,000) per Equivalent Start in excess of ninety (90) Equivalent Starts for either Combustion Turbine; plus (b) Three Hundred Dollars ($300) per Fired Hour in excess of three hundred (300) Fired Hours for either Combustion Turbine.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement

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Liquidated Damages for Startup and Commissioning. If in connection with startup, commissioning and Performance Testing Seller exceeds ninety (90) Equivalent Starts and/or three hundred (300) Fired Hours per Combustion Turbine, then Seller shall pay to Buyer, in addition to any other Liquidated Damages, and amount equal to (a) Twelve Thousand Dollars ($12,000) per Equivalent Start in excess of ninety (90) Equivalent Starts for either Combustion Turbine; plus (b) Three Hundred Dollars ($300) per Fired Hour in excess of three hundred (300) Fired Hours for either Combustion Turbine.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement

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