Examples of Damages Event in a sentence
The Parties agree that due to the complicated nature of the Contractor’s obligations under this Contract it would be difficult to specifically designate a monetary amount for Contractor’s failure to fulfill its obligations regarding the Liquidated Damages Event as these amounts are likely to be uncertain and not easily proven.
Contractor has carefully reviewed the Liquidated Damages contained in Attachment B and agrees that these amounts represent a reasonable relationship between the amount and what might reasonably be expected in the event of a Liquidated Damages Event, and are a reasonable estimate of the damages that would occur from a Liquidated Damages Event.
For purposes of this Agreement "lost future profits" for an office shall consist of all royalty fees which Franchisee would have paid to Franchisor with respect to such office from the date of the Liquidated Damages Event through the earlier of the end of the then-current term of this Agreement, had there been no Liquidated Damages Event, and 25 years from the date of the Liquidated Damages Event.
Contractor has carefully reviewed the Liquidated Damages contained in Attachment D and agrees that these amounts represent a reasonable relationship between the amount and what might reasonably be expected in the event of a Liquidated Damages Event, and are a reasonable estimate of the damages that would occur from a Liquidated Damages Event.
Lost future profits shall be payable with respect to all of Franchisee's Offices, provided that in the case of clauses (iii) and (iv) of the definition of Liquidated Damages Event, lost future profits shall only be payable with respect to the Offices closed or deidentified in violation of Section 7C (including the 20 permitted to be closed or deidentified before clause (iv) becomes effective).
Notwithstanding anything in this Contract to the contrary, Contractor shall not be liable for damages arising out of a Liquidated Damages Event unless the State notifies the Contractor in writing of its intention to assess the Liquidated Damages no later than 18 months after the corresponding test administration in each year of this Contract, or 18 months after the final test administration and having received final Student level reports under this Contract.
Pursuant to the Amalgamation Agreement, if an Essential Damages Event occurs, provided that no Element Damages Event or Element Expense Reimbursement Event has occurred and is continuing, and the Amalgamation Agreement is terminated pursuant to item (g) under “The Amalgamation Agreement – Termination of the Amalgamation Agreement” below, Element shall pay an expense reimbursement of $2.75 million to Essential as liquidated damages.
Following an GVIC Damages Event, but prior to payment of the GVIC Damages Fee as required, Glacier shall be deemed to hold such funds in trust for GVIC.
Contractor has carefully reviewed the Liquidated Damages contained in Attachment 2 and agrees that these amounts represent a reasonable relationship between the amount and what might reasonably be expected in the event of a Liquidated Damages Event, and are a reasonable estimate of the damages that would occur from a Liquidated Damages Event.
Any events after the Damages Event, which might otherwise reduce damages, shall not be taken into account when assessing the damages payable by Buyer to Seller.