Liquidated Damages for Delay definition

Liquidated Damages for Delay means KPLC’s genuine pre-estimate of the loss it will suffer in the event of delay being a sum per day, calculated:
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Liquidated Damages for Delay. Contractor shall not be liable for damages pursuant to this section in the event a delay in Substantial Completion is caused by the unavailability of Materials or for permitting delays beyond the reasonable control of Contractor, or by Owner Caused Delays or a Force Majeure Event. In no event shall the payment of Liquidated Damages for Delay excuse Contractor from performance of any of its other obligations hereunder, including but not limited to the obligation to cause Substantial Completion to occur.
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Liquidated Damages for Delay means the liquidated damages specified in Sections 17.1 of the Agreement.
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Examples of Liquidated Damages for Delay in a sentence

  • The IAA may set off the Liquidated Damages for Delay, due to it under the Contract, from the consideration payable to the Supplier and/or collect them from the Guarantees, or collect them in any other manner.

  • Additionally, the collection of such Liquidated Damages for Delay, in whole or in part, shall be without prejudice and shall not be deemed as limiting any other rights of the IAA according to this Contract and/or any applicable law.

  • A delay of more than 10 weeks shall be considered a material breach (the "Liquidated Damages for Delay").

  • Additionally, the collection of such Liquidated Damages for Delay, in whole or in part, shall be without prejudice and shall not be deemed as limiting any other rights of the IAA according to this Contract and/or any law.

  • Liquidated Damages for Delay: The COUNTY and CONTRACTOR recognize that time is of the essence of this Agreement and that the COUNTY will suffer financial loss if the work is not completed within the times specified in 5.2 and 5.3 above, plus any extensions thereof allowed by Change Order.

  • The Parties agree that the use of this Section, and/or the use of Section 4.9, Liquidated Damages for Delay in Delivery, may be applied as identified in the related Custom Software development Order.

  • If, however, the Supplier fails to meet the Time of Completion, the IAA shall be entitled to all Liquidated Damages for Delay incurred by the Supplier up to and including the Time of Completion.

  • It is hereby clarified that if the IAA did not immediately make a claim for the Liquidated Damages for Delay this will not be construed as waiver by the IAA on its right to claim such Liquidated Damages for Delay.

  • General 14.3.1 The liquidated damages set forth in the above Sections 16.1 (Liquidated Damages for Delay) and 16.2 (Liquidated Damages for Reduction in Efficiency) shall both be referred to as "Liquidated Damages".

  • Notwithstanding the foregoing, Landlord and its general partner shall be fully and personally liable for claims by Tenant relating to Landlord's obligations under Sections 2.1 (The Improvements), 2.6 (Liquidated Damages for Delay in Substantial Completion) and 2.9 (Condition of Demised Premises; Limited Warranty).


More Definitions of Liquidated Damages for Delay

Liquidated Damages for Delay has the meaning set forth in Section 2.10.
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