Termination Damages definition

Termination Damages. Liquidated damages calculated in accordance with Article 16 (Damages in the Event of Termination by Company) of this Agreement.

Termination Damages is defined in subsection 23.2 of this Agreement.

Termination Damages. Shall have the meaning set forth in Section 15.4 (Rights of the Non-Defaulting Party; Forward Contract) and shall be calculated in accordance with Article 16 (Damages in the Event of Termination by Company) of this Agreement.

Examples of Termination Damages in a sentence

• If the Agreement is terminated by Company pursuant to Section 13.4 (Damages and Termination), Company shall be entitled to Termination Damages calculated by multiplying the Contract Capacity by $50/kW.

• If the Agreement is terminated by Company in accordance with this Agreement after the Commercial Operations Date due to an Event of Default where Seller is the Defaulting Party, Company shall be entitled to Termination Damages calculated by multiplying the Contract Capacity by $75/kW.

• The Termination Damages are the sole and exclusive remedy for Company's losses arising out of the termination of this Agreement.

• The Termination Damages are not intended to limit Company's rights or remedies, or Seller's liabilities or duties, with respect to losses arising independent of the termination of this Agreement, including, without limitation, Company's right to recover under Section 17.1 (Indemnification of Company).

• If the Agreement is terminated by Company pursuant to this Section 13.4 (Damages and Termination), Company shall have the right to collect Termination Damages, which shall be calculated in accordance with Article 16 (Damages in the Event of Termination by Company) of this Agreement.

More Definitions of Termination Damages

Termination Damages means liquidated damages calculated in accordance with Section 6.5 (Calculation of Termination Damages).

Termination Damages is defined in Section 11.5.

Termination Damages has the meaning ascribed thereto in Section 14.2(a).

Termination Damages means AA-Termination Damages, AD-Termination Damages or PIC-Termination Damages.

Termination Damages has the meaning given it in subsection 17.3.

Termination Damages means the following damages with respect to each Party, subject to the $6 million limitation set forth in Paragraph 19(c):

Termination Damages means the obligation of a Predecessor Company to issue to the other parties hereto shares of capital stock or Membership Interests in such Predecessor Company which, following such issuance, shall represent 20% of the issued and outstanding shares of capital stock or Membership Interests in such Predecessor Company calculated on a fully diluted basis.