Common use of Liquidated Damages Payable by the Band Clause in Contracts

Liquidated Damages Payable by the Band. In the event of a Band Event of Default prior to the Commencement Date, after such notice and right to cure as may be provided in this Agreement, the Band shall pay liquidated damages as provided in ss. 14.5(ii) of the Development Agreement and shall not be liable for additional damages under this Agreement.

Appears in 2 contracts

Samples: Management Agreement (Lakes Gaming Inc), Management Agreement (Lakes Gaming Inc)

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Liquidated Damages Payable by the Band. In the event of a Band Event of Default prior to the Commencement Date, after such notice and right to cure as may be provided in this AgreementAgreement and except as provided in Section 13.14 as to Governmental Actions, the Band shall pay liquidated damages as provided in ss. 14.5(iiSection 14.5(b) of the Development Agreement and shall not be liable for additional damages under this Agreement.

Appears in 2 contracts

Samples: Management Agreement (Lakes Entertainment Inc), Management Agreement (Lakes Entertainment Inc)

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