Nature of Liquidated Damages. The Parties acknowledge that the Buyer shall suffer damages that will be difficult to ascertain if the Seller fails to comply with the Scheduled Major Component Shipment Dates or if Commercial Operation is delayed. The Parties agree that the liquidated damages specified in this Article 17 are reasonable compensation for such failures and delays.
Appears in 10 contracts
Samples: Agreement (Noble Environmental Power LLC), And Related Services (Noble Environmental Power LLC), Agreement (Noble Environmental Power LLC)
