Examples of Liquidated Damages Payment Date in a sentence
Network Rail shall be entitled to a change to the Completion Date and the Liquidated Damages Payment Date to reflect an extension of time properly awarded under the Contracts in respect of a Force Majeure Event.
Upon resumption of the Works, the Completion Date and the Liquidated Damages Payment Date will be adjusted to reflect the period of suspension.
All accrued Liquidated Damages shall be paid by the Company on each Liquidated Damages Payment Date in cash to the date of such cure and Liquidated Damages will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Network Rail shall be entitled to a change to the Construction Completion Date and the Liquidated Damages Payment Date to reflect an extension of time properly awarded under any contracts between the Customer and any contractor carrying out the Works in respect of a Force Majeure Event.
Such notification shall contain such relevant information relating to the suspension as is available, including an estimate of the period of suspension and the effect on the Completion Date, the Liquidated Damages Payment Date and the Project.