Financial Damages definition

Financial Damages has the meaning given in clause 2.1(c).
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Examples of Financial Damages in a sentence

  • Such damages caused by Subcontractor are called Subcontractor-caused Financial Damages in this Section.

  • If the Department imposes Subcontractor-caused Financial Damages on the Managing Entity, Subcontractor shall pay the Managing Entity the amount of such Subcontractor-caused Financial Damages within thirty (30) days of written notice by the Managing Entity to Subcontractor.

  • All such amounts described in the previous sentence caused by subrecipient shall be deemed to be subrecipient‐caused Financial Damages in this section.

  • If the DOEA or any federal agency imposes subrecipient‐caused Financial Damages on the agency, subrecipient shall pay the agency the amount of such subrecipient‐caused Financial Damages within thirty (30) days of written notice by the agency to subrecipient.

  • If the DOEA imposes subrecipient‐caused Financial Damages on the agency, subrecipient shall pay the agency the amount of such subrecipient‐caused Financial Damages within thirty (30) days of written notice by the agency to subrecipient.

  • If the Department imposes Subcontractor-caused Financial Damages on the Managing Entity, Subcontractor shall pay the Managing Entity the amount of such Subcontractor-caused Financial Damages within 30 days of written notice by the Managing Entity to Subcontractor.

Related to Financial Damages

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.