Liquidated Damage definition

Liquidated Damage means any loss/losses caused or sustained by BSCL, Authority due to non- performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the BSCL / BMC, Authority as per the terms and conditions of Contract Agreement
Liquidated Damage means any loss/losses caused or sustained by MCD due to non- performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the MCD as per the terms and conditions of this RFP or otherwise in good faith by the Concessionaire. Such losses shall be recoverable from the Concessionaire to the extent of the default of the Concessionaire.
Liquidated Damage shall have the meaning set forth in Section 2(c) hereof.

Examples of Liquidated Damage in a sentence

  • Otherwise, the Director of Fisheries, Assam, Guwahati will forfeit PSD/SD and also LD (Liquidated Damage) clause will be applicable /enforced.If the supplier fails to Supply and install the equipment as per specifications mentioned in the order within the due date, the Supplier is liable to pay liquidated damages of 1% of order value per every week of delay subject to a maximum of 10% beyond the due date.

  • Installation/commissioning: Equipment/Instruments are required to be commissioned/installed/ demonstrated successfully immediately or within 30 days from the date of receipt of the system in CSIO by the Principal or by their authorized Agent, failing which the Liquidated Damage Clause will be applicable as mentioned above.

  • Installation:- Within 10 days from the date of receipt of equipment in the Institute failing which Liquidated Damage clause shall apply.Liquidated Damage clause: It would be realized @ 0.5% (half per cent) of the base price (excluding taxes) of the delayed goods for each week of delay subject to maximum 20%.

  • Liquidated Damage For Delay: In case of any delay in completion of work beyond the above schedule, LD @ ½ % (half percent) of the total contract value of the work for every week or part thereof for the first 4 weeks of delay and thereafter 1% (one percent) total contract value for every week, subject to a maximum of 5% (five percent) of the total Contract value on uninterrupted working condition.

  • Liquidated Damage will be applicable, on the entire value of the contract.

  • The Contractor shall be subject to the Liquidated Damage clause herein contained for breach hereof.

  • Any proposal by the Supplier/Agency for adjustment under this clause must be made within thirty days from the date of the receipt of the change in order.6. Liquidated Damage ClauseThe Liquidated Damages shall be levied, for delay in supply beyond the contractual delivery date at the rate 0.5% per week subject to maximum of 5% of contract value of the stores the delivery of which is delayed, for each month or part of a month.

  • After expiry of 30 days of delivery time, PEF may also have a right to confiscate performance guarantee in addition to imposition to Liquidated Damage Charges.

  • Clause 8.0 of G.C.C. to be referred regarding Delay/ Extension of time/ Liquidated Damage/ Termination of Contract.

  • Should be done within stipulated delivery period as per the order at the location as mentioned in the tender in consultation with the indenting officer, failing which Liquidated Damage clause shall apply.


More Definitions of Liquidated Damage

Liquidated Damage means any loss/losses caused or sustained by MCG/Authority due to non performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the MCG/Authority as per the terms and conditions of this RFP or otherwise in good faith by the
Liquidated Damage means the liquidated damage that the Customer will be liable to RCT for the Customer’s early termination of this Contract, and the amount will be the sum of all the Rental Payments that RCT would be entitled to for the remainder of the Hire Period. PPSA means the Personal Properties Securities Act 2009 (Cth); Prescribed Rate means 20% per annum, calculated on a daily basis.
Liquidated Damage has the meaning assigned to it in the Registration Rights Agreement.
Liquidated Damage means any loss/losses caused or sustained by SWMTSC/MUNICIPAL AUTHORITY, Authority or GoN due to non performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the SWMTSC/MUNICIPAL AUTHORITY, Authority or GoN as per the terms and conditions of this RFP or otherwise in good faith by the Concessionaire. Such losses shall be recoverable from the Concessionaire to the extent of the default of the Concessionaire.
Liquidated Damage means any loss/losses caused or sustained by MCGM/Authority due to non-performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the MCGM/Authority as per the terms and conditions of this RFP or otherwise in good faith by the Contractor. Such losses shall be recoverable from the Contractor to the extent of the default of the Contractor.
Liquidated Damage means any loss/losses caused or sustained by any Party, due to non- performance of any of its obligations by the other Parties or performance or carrying out of any act expressly or impliedly prohibited by the Authority as per the terms and conditions of the Agreement;

Related to Liquidated Damage

  • Liquidated Damages means all liquidated damages then owing pursuant to Section 5 of the Registration Rights Agreement.

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.

  • Liquidated Damages Amount has the meaning set forth in Section 2(e) hereof.

  • SPECIAL LIQUIDATED DAMAGES means the amount payable by the Transport Supplier in case of default arising out of Non-availability of vehicle(s)/crew when the Company's operations are normal and also Non-availability of services due to unauthorized / lightening strike by Transport Supplier or his/her crew for any reason whatsoever. The period of non-availability of services will be treated as shutdown and shall attract Special Liquidated damage at the rate of twice the pro- rata fixed charge per day. Special L.D. shall be levied irrespective of whether such default resulted in a shutdown for the whole day or part thereof.

  • Performance Liquidated Damages means any liquidated damages resulting from the Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project.

  • Liquidated Damages Multiplier means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

  • Covered Damage All damages to property of the unit's owner, up to $1,475.00 in the aggregate for each Stay, that occurs during the Covered Guest's stay and that is the result of the inadvertent acts or omissions of the Covered Guest or the Covered Guest's invitee, excluding the damages listed in the conditions section above. • "Covered Guest": All registered guests and all persons booked to share the same unit of accommodations, and have paid the required plan cost. • "Stay": The stay at an iTrip unit, from the date of a Covered Guest's check-in to the date of check-out.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Premium means any premium payable under the terms of the Notes.

  • Overhead Damage means any damage to the Vehicle or to any third-party property that is caused by: (a) contact between any part of the Vehicle that is at or above the level of the top of the front windscreen with objects overhanging or obstructing its path; (b) the Vehicle hitting a signed height restricted structure such as but not limited to bridges, car parks and drive throughs; or (c) objects being placed on the roof of the Vehicle;

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Damage Payment means the dollar amount equal to the amount initially posted as Project Development Security pursuant to Section 8.4(a).

  • Additional Interest means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.

  • Redemption Payment Date As defined in Section 13.1.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Redemption Fee means the fee applied by us for the return of funds to an IBAN Account holder, or Cardholder following a request for redemption by an IBAN Account holder Cardholder under this Agreement, as specified in the attached Fees & Limits Schedule;

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.