Common use of Completion Delay Clause in Contracts

Completion Delay. (a) For each day that any PCS System and/or any PCS Sub-System, as the case may be, fails to [__________], the Vendor will pay, subject to the limitations otherwise set forth in this subsection 15.3, an amount equal to [_____________] percent of the Product Contract Price applicable to such PCS System or PCS Sub-System, as the case may be, [_________]. In no event will the Late Completion Payments payable by the Vendor with respect to any PCS System or such PCS Sub-System, as the case may be, exceed [___________].