Liquidated Damages Cap definition

Liquidated Damages Cap shall have the meaning set forth in Section 2.04(g).

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Liquidated Damages Cap means the maximum sum payable in respect of liquidated damages as ascertained from the Quotation or the Order (as the case may be). In the event that the Quotation specifies that the Works are to be conducted in Stages “Liquidated Damages Cap” shall mean the maximum sum in relation to the relevant Stage, as ascertained from the Quotation or the Order (as the case may be). Where no such maximum sum is ascertainable from the Quotation, then “Liquidated Damages Cap” shall mean the maximum sum payable in respect of liquidated damages as published by National Grid from time to time;

Liquidated Damages Cap means an amount equal to [***] of the Contract Price.

Examples of Liquidated Damages Cap in a sentence

The foregoing Liquidated Damages Cap shall not limit any other amounts owed by Seller (e.g., indemnity, back charges for work completed by Purchaser) pursuant to this Contract.
System Power Demand Performance Guarantee; provided that such damages shall not exceed, in the case of Clauses (1) and (2), the Performance Delay Liquidated Damages Cap or Aggregate Performance Delay Liquidated Damages Cap, as applicable, and, in the case of Clauses (3) and (4), the Performance Liquidated Damages Cap.
Seller’s aggregate liability for Liquidated Damages under all of the Multi-Hearth Furnace Contracts is the Liquidated Damages Cap; provided that all or any portion of the Liquidated Damages Cap may be used to satisfy Liquidated Damages liability under any one or more of the respective Multi-Hearth Furnace Contracts.
Once Seller has accrued Delivery Delay Liquidated Damages in an amount equal to the Delivery Delay Liquidated Damages Cap or Aggregate Delivery Delay Liquidated Damages Cap, as applicable, Buyer shall be entitled to exercise the rights provided in Clause 6.5.
Liquidated Damages payable by Seller to Buyer shall not exceed the Liquidated Damages Cap.

More Definitions of Liquidated Damages Cap

Liquidated Damages Cap means * percent (*%) of the total aggregate amount of the Contract Prices under all of the Multi-Hearth Furnace Contracts, as such Contract Prices may be modified from time to time pursuant to Change Orders thereunder. The aggregate amount of Liquidated Damages paid pursuant to this Contract and all of the other Multi-Hearth Furnace Contracts shall not exceed, in the aggregate, the Liquidated Damages Cap.

Liquidated Damages Cap means the maximum sum payable in respect of liquidated damages as ascertained from the Quote or the Order (as the case may be). Where no such maximum sum is ascertainable from the Quote, then “Liquidated Damages Cap” shall mean the maximum sum payable in respect of liquidated damages as published by SGN from time to time;

Liquidated Damages Cap shall have the meaning specified in Section 2.01(d) of this Agreement.

Liquidated Damages Cap has the meaning set forth in Section 11.1.

Liquidated Damages Cap shall have the meaning set out in Schedule 5 (Performance);

Liquidated Damages Cap means that the Company will not pay in the aggregate, more than 3% of the amount invested by each Investor to that Investor in liquidated damages without regard to which clause in the Transaction Documents requires the Company to pay such damages.

Liquidated Damages Cap has the meaning set forth in Section 9.1.