Payment of Liquidated Damages. If you fail to supply DFMC with at least 90% of the Contracted Volume in any Month, except where the failure is due to Force Majeure, then you must, if required by DFMC, immediately pay to DFMC liquidated damages for that Month calculated as follows: $X = W cents x (Y β Z) Where: $X is the amount payable by you to DFMC for the relevant Month. If $X is a negative amount, no amount is payable by you. Y is the Contracted Volume for the relevant Month. Z is the number of litres supplied to DFMC by you for the relevant Month.
Appears in 9 contracts
Samples: Milk Supply Agreement, Milk Supply Agreement, Milk Supply Agreement
