Common use of Performance Delay Liquidated Damages Clause in Contracts

Performance Delay Liquidated Damages. (i) If Seller fails to achieve the Liquefaction Train Production Capacity Performance Guarantee for a Liquefaction Train on or before the Guaranteed Liquefaction Train Substantial Completion Date for such Liquefaction Train, then Seller shall pay to Buyer an amount equal to: (x) in respect of the first [***] Liquefaction Trains to be performance tested, (1) for each of the first [***] of delay, the amount in Dollars set forth opposite such Day on Appendix L (Liquidated Damage Amounts); and (2) thereafter, [***] for each Day of such delay for the next [***]; and (y) in respect of the remaining [***] Liquefaction Trains to be performance tested, (1) for each of the first [***] of delay, the amount in Dollars set forth opposite such Day on Appendix L (Liquidated Damage Amounts); and (2) thereafter, [***] for each Day of such delay for the next [***] (the β€œ

Appears in 3 contracts

Samples: Purchase Order Contract (Venture Global, Inc.), Purchase Order Contract (Venture Global, Inc.), Purchase Order Contract (Venture Global, Inc.)

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Performance Delay Liquidated Damages. (i) If Seller fails to achieve the Liquefaction Train Production Capacity Performance Guarantee for a Liquefaction Train on or before the Guaranteed Liquefaction Train Substantial Completion Date for such Liquefaction Train, then Seller shall pay to Buyer an amount equal to: (x) in respect of the first [***] Liquefaction Trains to be performance tested, (1) for each of the first [***] of delay, the amount in Dollars set forth opposite such Day on Appendix L (Liquidated Damage Amounts); and (2) thereafter, [***] per Day for each Day of such delay for the next [***]; and (y) in respect of the remaining subsequent [***] Liquefaction Trains to be performance tested, (1) for each of the first [***] of delay, the amount in Dollars set forth opposite such Day on Appendix L (Liquidated Damage Amounts); and (2) thereafter, [***] Dollars ([***]) per Day for each Day of such delay for the next [***] (the β€œ

Appears in 1 contract

Samples: Purchase Order Contract (Venture Global, Inc.)

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