Common use of Liquidated Damages Not Penalty Clause in Contracts

Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of Bitmain Technologies Limited Signature: /s/ ZHAN Ketuan Title: Director Signed for and on behalf of the Purchaser FuFu Technology Limited Signature: /s/ XX Xxxxx Title: Director APPENDIX A

Appears in 2 contracts

Samples: Futures Sales and Purchase Agreement (Bitfufu Inc.), Futures Sales and Purchase Agreement (Bitfufu Inc.)

AutoNDA by SimpleDocs

Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of Bitmain Bitmain Technologies Limited SignatureSignature /s/ Zhan Ketuan Name: /s/ ZHAN Zhan Ketuan Title: Director Chairman Signed for and on behalf of the Purchaser FuFu Technology Limited Nautilus Cryptomine LLC Signature: /s/ XX Xxxxx Nxxxx Xxxx Name: Nxxxx Xxxx Title: Director Chief Operating Officer APPENDIX A

Appears in 2 contracts

Samples: Non Fixed Price (Ikonics Corp), Non Fixed Price (Ikonics Corp)

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