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

• Notwithstanding the foregoing, if Seller terminates the Agreement prior to the Commercial Operation Date for the sole purpose of selling the Product to a third party, ASPA shall be entitled to both the Termination Damages and any other remedies available at law or in equity to the extent that ASPA's actual damages exceed the value of the Termination Damages, as set forth in Section 4.4.

• In the event of such termination by either Party in accordance with this provision, ASPA shall be entitled to Termination Damages as set forth in Section 4.4 as its sole and exclusive remedy, subject to Section 4.2(c).

• For the sake of clarity, in the event of such termination by either Party, ASPA shall not be entitled to Termination Damages.

• Liquidated Damages] No Event of Default shall be deemed to have occurred with respect to Seller's extension as provided herein and ASPA shall not have the right to terminate the Agreement with respect to such extension or to receive Termination Damages so long as Seller has extended the Commercial Operation Date and pays the Daily Delay Liquidated Damages as provided in this Section 4.2(b).

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. SECTION 21.2