Common use of Ramp Up Period Performance Liquidated Damages Clause in Contracts

Ramp Up Period Performance Liquidated Damages. Vendor shall pay liquidated damages for the failure of the Plant to achieve each of the Annual Plant Electrical Generation Guarantees, set forth in Section 8.2.2, of [*] for each percentage point (or portion thereof) of electrical generation not achieved subject to the following limitations: (i) [*] for the first year of the Plant’s operation; (ii) [*] for the second year of the Plant’s operation; (iii) [*] for the third year of the Plant’s operation; and (iv) [*] for the fourth year of the Plant’s operation (“Ramp-up Period Performance Liquidated Damages”).