Construction Delay Damages definition

Construction Delay Damages means an amount equal to [$x/day] that is the result of
Construction Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) one hundred twenty (120).
Construction Delay Damages means, for any given calculation period from the Scheduled Commercial Operation Date until the Commercial Operation Date, *****. For the avoidance of doubt, for any given calculation period from the Scheduled Commercial Operation Date until the Commercial Operation Date, *****.

Examples of Construction Delay Damages in a sentence

  • Seller shall include a request for refund of the Construction Delay Damages with the first invoice to Buyer after Commercial Operation.

  • If Seller achieves Commercial Operation for the Facility to occur by the Guaranteed Commercial Operation Date, all Construction Delay Damages paid by Seller shall be refunded to Seller.

  • Within five (5) Business Days following any draw by Buyer on the Development Security, including for payment of Construction Delay Damages or COD Delay Damages, Seller shall replenish the amount drawn such that the Development Security is restored to the amount specified on the Cover Sheet.

  • Seller shall include the request for refund of the Construction Delay Damages with the first invoice to Buyer after Commercial Operation.

  • In the event that Concessionaire has not completed the Midterm Refurbishments by the Midterm Deadline, Concessionaire shall, in addition to (and not in lieu of) any other rights or remedies the Authority may have (whether under this Lease Agreement or in law or in equity), pay the Authority an amount equal to one-half (50%) of the Construction Delay Damages sanctions until Concessionaire has completed the Midterm Refurbishments.

  • If Seller achieves Commercial Operation for the Facility by the Guaranteed Commercial Operation Date, all Construction Delay Damages paid by Seller shall be refunded to Seller.

  • Seller shall maintain the Development Security in full force and effect and Seller shall replenish the Development Security by an amount equal to the amount of any unpaid Construction Delay Damages within five (5) Business Days in the event Buyer collects or draws down any portion of the Development Security for any reason permitted under this Agreement other than to satisfy a Damage Payment or a Termination Payment.


More Definitions of Construction Delay Damages

Construction Delay Damages means an amount equal to [$XXX/day, which is equal to the Development Security divided by 180.
Construction Delay Damages are equal to Seven Hundred Fifty Dollars ($750) per MW of Guaranteed Capacity. If Seller fails to pay the Construction Delay Damages within 10 Business Days of receipt of Buyer’s invoice, Buyer shall be entitled to deduct such Construction Delay Damages from the Development Security. The Construction Delay Damages shall be refundable to Seller if, and only if, Seller achieves COD on or before the Guaranteed COD. Failure to achieve Guaranteed Construction Start within 180 days of the Guaranteed Construction Start Date shall constitute an Event of Default, and Buyer shall have the right, in its sole discretion, to terminate the PPA and retain a damage payment in the amount of the Development Security. Expected Commercial Operation Date: Seller reasonably expects to achieve Commercial Operation by the following date [_______] (the “Expected Commercial Operation Date”).
Construction Delay Damages means liquidated damages in an amount equal
Construction Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) one hundred eighty (180).
Construction Delay Damages are equal to the sum of Seven Hundred Fifty Dollars ($750) per MW of Guaranteed Capacity and Seven Hundred Fifty Dollars ($750) per MW of Storage Contract Capacity. If Seller fails to pay the Construction Delay Damages within 10 Business Days of receipt of Buyer’s invoice, Buyer shall be entitled to deduct such Construction Delay Damages from the Development Security. The Construction Delay Damages shall be refundable to Seller if, and only if, Seller achieves COD on or before the Guaranteed COD. Failure to achieve Guaranteed Construction Start within 180 days of the Guaranteed Construction Start Date shall constitute an Event of Default, and Buyer shall have the right, in its sole discretion, to terminate the PPA and retain a damage payment in the amount of the Development Security. Expected Commercial Operation Date: Seller reasonably expects to achieve Commercial Operation by the following date: [_______] (the “Expected Commercial Operation Date”).
Construction Delay Damages means an amount equal to [XXXXXXXX Dollars ($XXXXXXX)]4 per day.

Related to Construction Delay Damages

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Electrical Losses means all electrical losses associated with the transmission of Product to the Delivery Point, including if applicable, but not limited to, any transmission or transformation losses between the CAISO revenue meter and the Delivery Point.

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Excusable Delay means a delay due to acts of God, governmental restrictions, stays, judgments, orders, decrees, enemy actions, civil commotion, fire, casualty, strikes, work stoppages, shortages of labor or materials or other causes beyond the reasonable control of Borrower, but lack of funds in and of itself shall not be deemed a cause beyond the control of Borrower.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Extra Work means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from City’s Representative.

  • Excusable Delays means delays due to acts of terrorism, acts of war or civil insurrection, strikes, riots, floods, earthquakes, fires, tornadoes, casualties, acts of God, labor disputes, governmental restrictions or priorities, embargoes, national or regional material shortages, failure to obtain regulatory approval from any Federal or State regulatory body, unforeseen site conditions, extraordinary rainfall or snowfall, or any other condition or circumstances beyond the reasonable or foreseeable control of the applicable Party using reasonable diligence to overcome which prevents such Party from performing its specific duties or obligation hereunder in a timely manner; provided, however, Excusable Delay does not include lack of financing, unanticipated or unexpected increases in the costs of construction, or errors in business judgment by a Party; and provided further that Excusable Delay shall only extend the time of performance for the period of such Excusable Delay, which shall begin on the date which the event of Excusable Delay first occurs and extend until the date which the event which has caused the Excusable Delay has been corrected or performed, or reasonably should have been corrected or performed.

  • a work means the outcome of building or civil engineering works taken as a whole which is sufficient in itself to fulfil an economic or technical function;