Examples of Liquidated Damages in a sentence
The Town will be entitled to Liquidated Damages as set forth at Section 2.4.2.
Schedule for Liquidated Damages Task Order Price Liquidated Damages per Day Up to $100,000 $500 $100,001 to $500,000 $1,000 Over $500,000 $1,000 plus 0.2% of Task Order Price over $500,000 The applicability of liquidated damages shall be automatic on each Task Order.
Liquidated Damages shall not apply if it is clearly noted on the Request for Proposal or executed Task Order.
The Liquidated Damages shall be payable on demand and in the absence of any such demand on the next Due Date occurring after the date of default.
Except where this Agreement expressly provides for an extension of time or where Liquidated Damages are payable by Developer with respect to missed Completion Deadlines, the time limitations set forth in the Contract Documents for Developer’s performance of its covenants, conditions and obligations are of the essence, and Developer waives any right at law or in equity to tender or complete performance beyond the applicable time period, or to require TxDOT to accept such performance.