Damage Payment Sample Clauses
A Damage Payment clause establishes the obligation for one party to compensate the other for losses or harm resulting from a breach of contract or specific events. Typically, this clause outlines the types of damages covered, such as direct, indirect, or consequential damages, and may specify how the amount is calculated or capped. Its core practical function is to allocate financial risk between the parties and provide a clear mechanism for addressing losses, thereby promoting fairness and predictability in the event of a dispute.
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Damage Payment. HIGH SCHOOL shall, as soon as practical but not more than sixty (60) days following receipt of written demand and support for the demand, pay for any damages occasioned by it, its school-sponsored auxiliary groups or its employees to any city-owned property.
Damage Payment. The Parties agree that the Damage Payment to be paid by Seller for any Event of Default arising prior to the commencement of the Delivery Term shall be considered liquidated damages and not a penalty, in accordance with Section 7.1.
Damage Payment. Landlord is required to bear the costs to repair and fix damages that are not caused by Tenant; and
Damage Payment a. With respect to Site Built Structures, Damage Payment means the amount payable to Settlement Class Members under this Settlement Agreement calculated in accordance with the compensation formula A =[(CD) x (RC)]-D where A is the Damage Payment, CD is the amount of Compensable Damage, RC is the Replacement Cost, and D is the applicable Deductions.
b. With respect to Mobile Homes, Damage Payment means 50% of the applicable Replacement Cost times the number of panels on the mobile home evidencing Damage without any other Age or Non-Painting Deduction.
c. All Damage Payments shall be in the amounts and paid at the times provided in this Settlement Agreement calculated in strict accordance with the provisions of this Agreement; provided that the payments to Settlement Class Members who file a Claim for Unreimbursed Repair shall not exceed the lesser of the reasonable and properly documented out-of-pocket costs of the repairs or replacements or the amount that would have been awarded under the compensation formula; and provided, further that any amounts payable under this compensation formula shall be reduced by any compensation received by the Settlement Class Member on account of such Damaged Siding from any other source, including but not limited to Defendants, builders, developers, contractors, manufacturers, wholesalers, retailers or insurers, but only to the extent that the sum of such other payments and the Damage Payment exceeds the product of Replacement Cost multiplied times the total square footage of the Siding that has sustained Damage.
d. If any portion of a piece of lap or panel Siding has sustained both Excluded Damage and Compensable Damage, the entire surface area of that lap board or panel Siding will be deemed to be Compensable Damage in calculating the Damage Payment.
e. Compensable Damage to any Siding, the production of which has been discontinued or is discontinued before or during the Term of this Agreement and for which there is no reasonably appropriate substitute, shall be entitled to payment as follows: (i) if 30% or more of any Side of a Property has sustained Compensable Damage, then the Compensation Formula shall include all of the remaining Siding on that Side as Compensable Damage; or (ii) if 40% or more of the Siding on the entire Property has sustained Compensable Damage, then the Compensation Formula shall include all of the remaining Siding on the Property as Compensable Damage. The Parties agree that no reasonable substit...
Damage Payment. If a family is responsible for payment due to loss, theft, or damage, a notice will be sent with a brief explanation and the amount due. Payments should be made at the school office. Replacement costs will be determined at the time of the incident. No less than $300 for the Chromebook, no less than $25 for a missing charger, and $15 for a missing case.
Damage Payment. In the event of default of obligations under this agreement, damages at the rate of 14.5% per annum on the amount owed shall be paid.
Damage Payment. In the event that this Agreement is terminated pursuant to Section 6.1(b)(ii), the Corporation shall pay Offeror an amount equal to US$1,374,852.00 being 3% of the amount on the date hereof that would be paid by Offeror to acquire all of the Shares pursuant to the completion of the Offers.
Damage Payment. In the event that a family is responsible for payment due to loss, theft or damage, a notice will be sent with a brief explanation and amount due. Payments should be made at the school office. Battery $20 - $70 Top case $15 - $50 Display/Screen $35 - $50 Power adapter $20 - $30 Power port $5 - $10 System board $60 - $125 Middle case $25 - $45 Trackpad $25 - $75 Bottom case $15 - $50 Daughter board $40 - $60 Keyboard $35 - $75 Hard disk drive $40 - $55 Display bezel $20 - $30 iPad screen $100 - $150 iPad display $100 - $125 The policies, procedures, and information within this document apply to all students who are issued an electronic device owned by MPS. Classroom teachers may set additional requirements for use in their classrooms. ● A device will be distributed to all students in grades K - 8. ○ Chromebook carts in the 3rd - 8th grade homerooms will make devices available to your child. ○ K - 2 classrooms will use iPads and most elementary classrooms have charging stations for iPads. ● Parents and students must sign this contract in order to use devices at school. ● Wireless network access is available throughout the school. MPS makes no guarantee that their network will be up and running 100% of the time. In the rare case that the network is down, the district will not be responsible for lost or missing data.