Performance Liquidated Damages definition

Performance Liquidated Damages means any liquidated damages resulting from the Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project.

Performance Liquidated Damages has the meaning set forth in Attachment T.

Examples of Performance Liquidated Damages in a sentence

Deviations from, or objections or reservations to critical provisions such as those concerning Performance Security, Terms and Mode of Payment; Variation, Delay in the Contractor’s Performance, Liquidated Damages, Termination of Contract, Force Majeure, Resolution of Disputes, Applicable law etc.
If Owner so terminates, Owner shall have all of the rights under Section 16.1 (including recovering all amounts under Section 16.1A), except that in the case of a termination by Owner pursuant to this Section 5.5A solely for Contractor’s failure to provide a Recovery Schedule and materially comply therewith, Contractor’s liability under Section 16.1 arising out of such termination shall be limited to the applicable cap or caps in Section 20.2A and no Performance Liquidated Damages would be owed.
Performance Liquidated Damages shall be Owner’s sole and exclusive remedy, and the sole and exclusive liability of Contractor, for failure to achieve the Performance Guarantee.
Deviations from, or objections or reservations to critical provisions such as those concerning Performance Security, Terms and Mode of Payment; Variation, Delay in the Contractor/agency ’s Performance, Liquidated Damages, Termination of Contract, Force Majeure, Resolution of Disputes, Applicable law etc.
On the other hand, if such Performance Guarantee is achieved within the prescribed period, Contractor shall owe no Performance Liquidated Damages for such Subproject.

Performance Liquidated Damages shall have the meaning set forth in Section 10.2(b).

Performance Liquidated Damages means the amount of (i) the aggregate of all sums received by the Borrower under Article III and Article VII, Clause 8 of the Shipbuilding Contract and under the Xxxxx Performance Guarantee, in excess of (ii) the aggregate of all sums paid or payable by the Borrower to the Charterer under Clause 6 and Clause 7 of the Charter;

Performance Liquidated Damages means the damages referred to in Article 13.2;

Performance Liquidated Damages has the meaning given in Schedule A of the CSAA.

Performance Liquidated Damages has the meaning set forth in Section 3.5 hereof. “Permit” means all state, federal and local authorizations, certificates, permits, licenses, certifications, designations, variances, qualifications, accreditations, registrations, and approvals issued, granted, given, or required by any Government Agency for the construction, operation and maintenance of the Facility.

Performance Liquidated Damages means any liquidated damages payable by the EPC Contractor under the EPC Contract by reason of the Plant failing to meet the Performance Guarantees under the WECA or any other performance levels guaranteed under the EPC Contract.

Performance Liquidated Damages has the meaning set forth in Attachment 20.