Nature of Liquidated Damages. The Parties acknowledge that the Buyer shall suffer damages that will be difficult to ascertain if the Seller fails to achieve the Power Curve Guarantee. The Parties agree that the liquidated damages specified in this Article 18 are reasonable compensation to the Buyer for such failure.
Appears in 10 contracts
Samples: This Agreement (Noble Environmental Power LLC), Confidential Treatment (Noble Environmental Power LLC), This Agreement (Noble Environmental Power LLC)