Termination Liquidated Damages definition

Termination Liquidated Damages has the meaning assigned in Section 17.2.2.
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Termination Liquidated Damages. The term “Termination Liquidated Damages” shall mean an amount equal to the actual, aggregate Base Management Fee and Incentive Management Fee earned by Manager for the two (2) full calendar year period (from January 1 to December 31) immediately preceding the date of the required written notice given by Owner to Manager regarding the termination. At the time of such notice, (a) if the Agreement has not been performed for two (2) full calendar years but has been performed for one (1) full calendar year, the Termination Liquidated Damages shall be equal to the aggregate amount of Base Management Fee and Incentive Management Fee earned by Manager for such one (1) full calendar year period multiplied by two (2); (b) if the Agreement has not been performed for one (1) full calendar year but has been performed for twelve (12) full calendar months, the Termination Liquidated Damages shall be equal to the aggregate amount of Base Management Fee and Incentive Management Fee earned by Manager for such twelve (12) full calendar months multiplied by two (2); or (c) if the Agreement has not been performed for twelve (12) full calendar months, the Termination Liquidated Damages shall be equal to (i) the aggregate amount of Base Management Fee and Incentive Management Fee earned by Manager for all full calendar months performed, divided by
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Termination Liquidated Damages. The amount calculated in accordance with Exhibit K: Termination Liquidated Damages Calculation.
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Examples of Termination Liquidated Damages in a sentence

  • Except as specifically identified as a Party’s sole remedy, any rights of Cancellation, Termination, Liquidated Damages or other remedies prescribed in this Agreement, are cumulative and are not exclusive of any other remedies to which the injured Party may be entitled.

  • For the avoidance of doubt, if PSE terminates this BESSA pursuant to Section 17.2.1 for an Event of Default by Seller under Section 17.1.1, then Seller will owe PSE the Termination Liquidated Damages pursuant to this Section 17.2.2 in addition to the Delay Damages that accrue under Section 9.1 prior to such termination.

  • For the avoidance of doubt, if PSE terminates this PPA pursuant to Section 17.2.1 for an Event of Default by Seller under Section 17.1.1, then Seller will owe PSE the Termination Liquidated Damages pursuant to this Section 17.2.2 in addition to the Delay Damages that accrue under Section 9.2, as applicable, prior to such termination.

  • In addition to the draws permitted by subsection (1) above, PSE may draw upon the Performance Security to recover any damages arising from a breach of this PPA by Seller or other amounts due and owing to PSE pursuant to the PPA, including Termination Liquidated Damages owed under Section 17.2.2 of the PPA and Delay Damages owned Section 9.2 of the PPA.

  • In addition to the draws permitted by subsection (1) above, PSE may draw upon the Performance Security to recover any damages arising from a breach of this BESSA by Seller or other amounts due and owing to PSE pursuant to the BESSA, including Termination Liquidated Damages owed under Section 17.2.2 of the BESSA and Delay Damages owed under Section 9.2 of the BESSA.

  • Box 97034 Bellevue WA 98009-9734 Physical Location: Puget Sound Energy, BEL11E Attn: General Counsel 000 – 000XX XXX XX Xxxxxxxx XX 00000 To Seller: Mailing Address [ ] Attn: Email: Physical Location [ ] Attn: Termination Liquidated Damages Table (PPA Section 17.2.2): Amount per kW: [$ ] PRICE SCHEDULE Puget Sound Energy, BEL11E Attn: P.

  • Customer shall pay the Termination Liquidated Damages within thirty (30) days of receipt of an invoice from TSG.

  • The Parties acknowledge and agree that the Termination Liquidated Damages represent a fair and reasonable estimate of the losses which PREPA will suffer as a result of such termination, and accordingly hereby waive their right to dispute the validity of this Section 15.3.

  • Effective upon execution of this OBA, no Replacement Management Fees or Termination Liquidated Damages shall be due, owing or payable by FCH to IHG as to any and all Sold Hotels, except that any Replacement Management Fees heretofore paid by FCH with respect to Sold Hotels shall be retained by IHG.

  • A Termination Liquidated Damages Calculation L Section 25.1 Transition Assistance Service Descriptions M Xxxxxxx 00.0, Xxx.


More Definitions of Termination Liquidated Damages

Termination Liquidated Damages means the liquidated damages contemplated by Section 15.3 (Termination Damages).
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Termination Liquidated Damages. See Section 16.2 of the Agreement.
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Related to Termination Liquidated Damages

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.

  • SPECIAL LIQUIDATED DAMAGES means the amount payable by the Transport Supplier in case of default arising out of Non-availability of vehicle(s)/crew when the Company's operations are normal and also Non-availability of services due to unauthorized / lightening strike by Transport Supplier or his/her crew for any reason whatsoever. The period of non-availability of services will be treated as shutdown and shall attract Special Liquidated damage at the rate of twice the pro- rata fixed charge per day. Special L.D. shall be levied irrespective of whether such default resulted in a shutdown for the whole day or part thereof.

  • 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.

  • Liquidated Damages means all liquidated damages then owing pursuant to Section 5 of the Registration Rights Agreement.

  • Liquidated Damages Amount has the meaning set forth in Section 2(e) hereof.

  • Liquidated Damages Multiplier means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Termination Benefit means the benefit set forth in Article 7.

  • Termination Payments has the meaning specified in Section 10(a).

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Accretion Termination Date As defined in the Series Supplement.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Redemption Payment Date As defined in Section 13.1.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.