Liquidated Damages Event definition

Liquidated Damages Event means any action or omission by the Company that individually or when considered with other actions or omissions previously taken or omitted by the Company constitute a repudiation by the Company of this Amended Agreement depriving the Advisor of the benefit that the Advisor could reasonably anticipate from full performance by the Company of its obligations hereunder.

Liquidated Damages Event shall have the meaning set forth in Section 10.7.

Liquidated Damages Event shall have the meaning assigned thereto in Section 2(c) hereof.

Examples of Liquidated Damages Event in a sentence

• Such payments shall begin to be made to Purchasers within sixty (60) days of receipt by Sellers from Purchasers of written notice of the existence of a Liquidated Damages Event, and thereafter shall be made within thirty (30) days of the end of any month in which a Liquidated Damages Event exists.

• For purposes of this Agreement "lost future profits" for an office shall consist of all royalty fees which Franchisee would have paid to Franchisor with respect to such office from the date of the Liquidated Damages Event through the earlier of the end of the then-current term of this Agreement, had there been no Liquidated Damages Event, and 25 years from the date of the Liquidated Damages Event.

• Lost future profits shall be payable with respect to all of Franchisee's Offices, provided that in the case of clauses (iii) and (iv) of the definition of Liquidated Damages Event, lost future profits shall only be payable with respect to the Offices closed or deidentified in violation of Section 7C (including the 20 permitted to be closed or deidentified before clause (iv) becomes effective).

• In addition, the parties agree that in event of a termination, for any and all offices, of this Agreement by Franchisor by reason of a breach of this Agreement by Franchisee, other than a termination which is a Liquidated Damages Event, the parties agree that Franchisor is not entitled to any damages for lost future profits and Franchisor shall be required to pursue its other remedies in connection with such breach under this Agreement and under applicable law.

• If a Liquidated Damages Event occurs, (“Liquidated Damages Event”), the State may assess damages on Contractor (“Liquidated Damages”).

More Definitions of Liquidated Damages Event

Liquidated Damages Event means that Quintiles has breached (i) Section 6.2(c), Section 6.2(d) or Section 6.2(e) of the Purchase and Sale Agreement or (ii) any other covenant in the Purchase and Sale Agreement, but only to the extent for purposes of this clause (ii) that the actions or inactions giving rise to such breach result in (x) a termination of the Co-Promotion Agreement pursuant to the terms of the Co-Promotion Agreement or (y) the failure of Lilly to make any Royalty Sub Payments required by the Co-Promotion Agreement pursuant to the terms of the Co-Promotion Agreement for a period of at least six months, unless Quintiles is in good faith taking appropriate action to contest Lilly's failure to make such payments under the Co-Promotion Agreement.

Liquidated Damages Event has the meaning specified therefor in Section 2.1(d) of this Agreement.

Liquidated Damages Event has the meaning set forth in Section 4(a) below.

Liquidated Damages Event means any expiration or termination of this Agreement for any reason, other than a failure of the condition in Section 12(b)(i) hereof, a Section 13 Termination or either Party's failure to obtain the Regulatory Insurance Approvals despite their best efforts to do so; provided, however, that to the extent that the Initial Deposit (or any portion thereof) has not been released and delivered to NHG prior to the Closing (the "UNDISBURSED INITIAL Deposit"), the Undisbursed Initial Deposit shall be released and delivered to the NHG Shareholders at the Closing (if any) according to the terms of Sections 2 and 3 of this Agreement and shall be credited against the Cash Consideration on a dollar-for-dollar basis. All or any portion of the Initial Deposit that has been delivered to NHG prior to the Closing shall also be so credited against the Cash Consideration at the Closing. Any disposition of the Initial Deposit (or any portion thereof) pursuant to this Section 4(a) shall not prejudice any rights or remedies which the Parties may otherwise have pursuant to this Agreement. If the agreement expires or is terminated for any reason other than a Liquidated Damages Event, each Party agrees to take such actions, including, without limitation, issuing written instructions to the Deposit Escrow Agent, as may be necessary or advisable to cause the Initial Deposit to be immediately released and delivered to Capital by the Deposit Escrow Agent.

Liquidated Damages Event shall have the meaning set forth in Section 8.4(a).

Liquidated Damages Event means that during the Significant Subsidiary Period the Parent has failed to perform in any material respect any of its covenants under the Purchase and Sale Agreement or the Pledge and Security Agreement.

Liquidated Damages Event means any event giving rise to liability of the Primary Contractor for Liquidated Damages described in Schedule 24 [Liquidated Damages].‌