Construction Delay Damages definition

Construction Delay Damages means an amount equal to [XXXXXXXX Dollars ($XXXXXXX)]3 per day.

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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 twenty (120).

Examples of Construction Delay Damages in a sentence

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 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.
If the Commercial Operation Date does not occur until after the Scheduled Commercial Operation Date, the Seller shall pay to Buyer Construction Delay Damages for each day that the Commercial Operation Date is delayed beyond the Scheduled Commercial Operation Date.
Payment of Construction Delay Damages shall be Buyer’s sole and exclusive remedy for any failure to achieve the Commercial Operation Date by the Scheduled Commercial Operation Date, and the right to terminate (as set forth in this Section 2.4) shall be Buyer’s sole and exclusive remedy for any failure to achieve the Commercial Operation Date by the COD Deadline.

More Definitions of Construction Delay Damages

Construction Delay Damages means a daily amount equal to (a) the Development Security amount required hereunder, divided by (b) one hundred eighty (180).

Construction Delay Damages means an amount equal to [$x/day] that is the result of

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 liquidated damages in an amount equal to (a) the total Development Security amount required hereunder, divided by (b) one hundred eighty (180).

Construction Delay Damages means an amount equal to [$XXX/day, which is equal to the Development Security divided by 180.

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, *****.

Construction Delay Damages means liquidated damages in an amount equal to (a) the total Development Security amount required hereunder, divided by (b)