Common use of Payments/Damages Clause in Contracts

Payments/Damages. In case of termination for default, the Subcontractor shall not be entitled to receive any further payment. Subcontractor shall be liable for all costs, damages, and expenses incurred by the Contractor in remedying the default, in completing the Work, or as a result of the termination, including a five-percent (5%) overhead and a ten-percent (10%) xxxx-up on work performed by other contractors, costs for Contractor's personnel at standard billing rates, liquidated damages, and/or attorney’s fees, all of which shall be deducted from any moneys due or to become due the Subcontractor.

Payments/Damages. In case of termination for default, the Subcontractor shall not be entitled to receive any further payment. Subcontractor shall be liable for all costs, damages, and expenses incurred by the Contractor in remedying the default, in completing the Work, or as a result of the termination, including a five-percent (5%) overhead and a ten-percent (10%) xxxxmark-up on work performed by other contractors, costs for Contractor's personnel at standard billing rates, liquidated damages, and/or attorney’s fees, all of which shall be deducted from any moneys due or to become due the Subcontractor.