Examples of Damages Payment in a sentence
Upon resumption of the Works, the Completion Date and the Liquidated Damages Payment Date will be adjusted to reflect the period of suspension.
NFL however, may at its sole discretion accept offers having deviation to NIT terms and conditions in respect of EMD, Security Deposit, PBG, Liquidated Damages, Payment Terms, Warranty/Guarantee etc.
Such notification shall contain such relevant information relating to the suspension as is available, including an estimate of the period of suspension and the effect on the Completion Date, the Liquidated Damages Payment Date and the Project.
Network Rail shall be entitled to a change to the Completion Date and the Liquidated Damages Payment Date to reflect an extension of time properly awarded under the Contracts in respect of a Force Majeure Event.
In the event of failure by the Concessionaire to pay the Construction Period Damages to the Authority by the Construction Period Damages Payment Date, the Authority shall have the right to encash the Construction Performance Security in an amount equal to the Construction Period Damages.