Common use of Damages for shortfall in performance Clause in Contracts

Damages for shortfall in performance. The Concessionaire shall ensure and procure compliance of each of the Key Performance Indicators and for any shortfall in average performance during a quarter, it shall pay Damages within 30 (thirty) days of the quarter in which the shortfall occurred. The Damages due and payable under this Clause 21.8 shall be determined in accordance with the rates as set forth in Schedule-L for each Key Performance Indicator.

Appears in 6 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Damages for shortfall in performance. The Concessionaire shall ensure and procure the compliance of each of the Key Performance Indicators and for any shortfall in average performance during a quarter, it shall pay Damages within 30 (thirty) days of the quarter in which the shortfall occurred. The Damages due and payable under this Clause 21.8 shall be determined in accordance with the rates as set forth in Schedule-L Schedule K for each Key Performance Indicator.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Damages for shortfall in performance. The Concessionaire shall ensure and procure compliance of each of the Key Performance Indicators and for any shortfall in average performance during a quarter, it shall pay Damages within 30 (thirty) days of the quarter in which the shortfall occurred. The Damages due and payable under this Clause 21.8 22.3 shall be determined in accordance with the rates as set forth in Schedule-L for each Key Performance Indicator.

Appears in 2 contracts

Samples: Model Agreement, Model Agreement

Damages for shortfall in performance. The Concessionaire shall ensure and procure compliance of each of the Key Performance Indicators and for any shortfall in average performance during a quarteras determined under Clause 22.2, it shall pay Damages within 30 07 (thirtyseven) days of the quarter in which the shortfall occurredreceipt of quarterly performance report. The Damages due and payable under this Clause 21.8 22.3 shall be determined in accordance with the rates as set forth in Schedule-L for each Key Performance Indicatorpaid on quarterly basis.

Appears in 1 contract

Samples: Concession Agreement

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Damages for shortfall in performance. The Concessionaire shall ensure and procure compliance of each of the Key Performance Indicators and for any shortfall in average performance during a quarter, it shall pay Damages within 30 (thirty) days of the quarter in which the shortfall occurred. The Damages due and payable under this Clause 21.8 22.3 shall be determined in accordance with the rates as ratesas set forth in Schedule-L for Lfor each Key Performance Indicator.

Appears in 1 contract

Samples: Model Agreement

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