Examples of Demobilization in a sentence
The Parties acknowledge and agree that damages resulting from termination pursuant to this Section II.D would be impossible or very difficult to accurately estimate, and that the Demobilization Fee is a reasonable estimate of the anticipated or actual harm that may arise from such termination.
This delayed the time during which Devcon was able to work and which the Court accepts was occasioned by the intervention of the Customs authorities for which Cap Juluca cannot properly be held accountable Demobilization Fee [183] Devcon submitted to Cap Juluca invoices for demobilization fee which has remained unpaid.
Owner’s payment of the Demobilization Fee is the Owner’s sole liability and entire obligation and the Contractor’s exclusive remedy for any termination by Owner under this Section II.D. For avoidance of doubt, the payment schedule and demobilization fee (Exhibit A) for LNTP No. 3 is in addition to and does not replace the Owner’s existing obligations under LNTP No. 2 (CO-012) which remain in effect and continuing.
The Parties intend the Demobilization Fee to be liquidated damages constituting compensation, and not a penalty.