Common use of Amounts of Delay LDs Clause in Contracts

Amounts of Delay LDs. Liquidated damages ("Delay LDs") shall accrue at the rate of $100,000 per Unit per day during June, $225,000 per Unit per day during July, $200,000 per Unit per day during August; and for all other months, the prorated daily portion of the applicable month's Capacity Charges per Unit per day, provided however, in no event shall Delay LDs (x) be assessed for the day on which the Commercial Operations Date occurs if it occurs prior to 10:00 a.m. on such day or (y) exceed Per Unit LD Cap, or the Aggregate LD Cap as applicable. Delay LDs shall be offset against Capacity Charges as they come due.

Appears in 2 contracts

Samples: Power Sales Agreement (Aquila Inc), Power Sales Agreement (Aquila Inc)

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Amounts of Delay LDs. Liquidated damages ("Delay LDs") -------------------- shall accrue at the rate of $100,000 per Unit per day during June, $225,000 per Unit per day during July, $200,000 per Unit per day during August; and for all other months, the prorated daily portion of the applicable month's Capacity Charges per Unit per day, provided however, in no event shall Delay LDs (x) be assessed for the day on which the Commercial Operations Date occurs if it occurs prior to 10:00 a.m. on such day or (y) exceed Per Unit LD Cap, or the Aggregate LD Cap as applicable. Delay LDs shall be offset against Capacity Charges as they come due.

Appears in 2 contracts

Samples: Power Sales Agreement (Dominion Resources Inc /Va/), Power Sales Agreement (Dominion Resources Inc /Va/)

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