Examples of Liquidated Damages Date in a sentence
Liquidated Damages shall not be owed for a period of greater than one year; provided, however, in the event that the Olympia Gathering System has not been completed by the first anniversary of the Liquidated Damages Date, Shipper may exercise the rights provided in Section 11.2(a) above.
For so long as the Registration Statement has not been declared effect by the SEC, at the end of each 60-day anniversary of the Liquidated Damages Date, the Company shall pay to each Investor an additional amount in cash, as liquidated damages and not as a penalty, equal to 1% of the aggregate purchase price paid by such Investor pursuant to this Agreement.
In the event that the Registration Statement has not been declared effective by the SEC on or before the date (the "Liquidated Damages Date") that is 90 days after the date on which the Registration Statement is initially filed with the SEC, the Company shall pay to each Investor an amount in cash, as liquidated damages and not as a penalty, equal to 1% of the aggregate purchase price paid by such Investor pursuant to this Agreement.
Liquidated Damages shall not be owed for a period of greater than one year; provided, however, in the event that the Magnolia Gathering System has not been completed by the first anniversary of the Liquidated Damages Date, Shipper may exercise the rights provided in Section 11.2(a) above.
As used herein, "Liquidated Damages Date" means the next succeeding date after the Estimated Delivery Date, plus the number of Tenant Delay Days, if any and the number of Force Majeure Delay Days (as defined in EXHIBIT D hereto), such Force Majeure Delay Days not to exceed 60 days for purposes of determining the Liquidated Damages Date.