Tolling Readiness Deadline. The Joint Board shall assess and TSP shall pay the following amounts per day Delay Liquidated Damages with respect to each day from and after the Tolling Readiness Deadline, if such deadline is not achieved, to and including the actual date of Tolling Readiness, but not to exceed 180 days, for TSP’s failure to achieve Tolling Readiness by the Tolling Readiness Date. Such amounts shall apply to each bridge affected and may be aggregated if multiple deadlines are not achieved. If the TSP has not achieved Tolling Readiness within 90 days after the Tolling Readiness Deadline, then in addition to continuing to assess Delay Liquidated Damages for up to an additional 90 days, the Joint Board shall be entitled to exercise all other nonmonetary remedies available at law or in equity with respect to such late performance as specified in Section 4.12.5. The per day Delay Liquidated Damages are: East-End Bridge: $15,000 Downtown Bridges Temporary Traffic Configuration: $15,000 Downtown Bridges Final Traffic Configuration: $15,000
Appears in 5 contracts
Samples: Toll Services Agreement, Toll Services Agreement, Toll Services Agreement
