Liquidated Damages for Termination for Event of Default by the WPCA Sample Clauses

Liquidated Damages for Termination for Event of Default by the WPCA. If this Service Agreement is terminated by the Company for cause as a result of an Event of Default by the WPCA, the WPCA shall pay the Company, One Million Five Hundred Thousand Dollars ($1,500,000.00) as liquidated damages upon any such termination, the same amount payable under Subsection 11.5 (Termination Right and Fee) if this Service Agreement were terminated at the election of the WPCA for convenience and without cause, as of the effective . In addition, the WPCA shall pay the Company any actual costs, damages, losses, and expenses incurred by the Company as a result of the WPCA’s Event of Default and pay the Company for all Services performed through the date of termination. Such payment by the WPCA shall be the Company’s sole and exclusive remedy for a termination for cause by the Company as a result of an Event of Default by the WPCA. The Company acknowledges and agrees that its actual damages in such circumstance would be difficult or impossible to ascertain, that the liquidated damages provided for herein with respect to such circumstance are intended to place it in the same economic position as it would have been in had the circumstance not occurred, and that such liquidated damages shall constitute its only remedy, regardless of legal theory, for an Event of Default by the WPCA that results in a termination by the Company of this Service Agreement.
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Related to Liquidated Damages for Termination for Event of Default by the WPCA

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Compensation for default by the Authority Subject to the provisions of Clause 31.5, in the event of the Authority being in material default or breach of this Agreement at any time after the Appointed Date, it shall pay to the Concessionaire by way of compensation, all direct costs suffered or incurred by the Concessionaire as a consequence of such material default or breach within 30 (thirty) days of receipt of the demand supported by necessary particulars thereof; provided that no such compensation shall be payable for any material breach or default in respect of which Damages have been expressly specified in this Agreement. For the avoidance of doubt, compensation payable may include interest payments on debt, O&M Expenses, any increase in capital costs on account of inflation and all other costs directly attributable to such material breach or default but shall not include loss of Fee revenues, debt repayment obligations or other consequential losses, and for determining such compensation, information contained in the Financial Package and the Financial Model may be relied upon to the extent it is relevant.

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement:

  • Grounds for Termination This Agreement may be terminated at any time prior to the Closing:

  • Erroneous Termination for Default If, after notice of termination of Vendor’s right to proceed under the provisions of this clause, it is determined for any reason that the contract was not in default, or that the delay was excusable under the provisions of the prior paragraph (Excuse for Nonperformance or Delayed Performance), the rights and obligations of the parties shall be the same as if the notice of termination had been one of termination for convenience.

  • Damages for Failure to Cut or Termination for Breach (a) In event of Purchaser’s failure to cut designated timber on portions of Sale Area by Termination Date or termination for breach under B9.31, Forest Service shall appraise remaining Included Timber, unless termination is under B8.22 or B8.34. Such appraisal shall be made with the standard Forest Service method in use at time of termination.

  • Train Operator Events of Default The following are Train Operator Events of Default:

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