No Penalty. Any sum payable under this Clause 8 is in the nature of liquidated damages, is not a penalty, and is fair and reasonable. Such payment represents a reasonable estimate of fair compensation for the losses to the Distribution Licensee that may reasonably be anticipated from such failure, and shall, without duplication but subject to Clause 14.3, be the sole and exclusive remedy and measure of damages with respect to any failure by the Feed-in Approval Holder to meet such obligations.
Appears in 5 contracts
Samples: Power Purchase Agreement, Renewable Energy Power Purchase Agreement, Power Purchase Agreement
