Common use of Escalation of Liquidated Damages Amounts Clause in Contracts

Escalation of Liquidated Damages Amounts. Pursuant to Article 11.5, Contractor shall provide Authority with its escalation calculations for each of the liquidated damage amounts set forth in Article 12.1, Article 12.2, and Article 12.3. Once Authority approves these escalated amounts, the Parties shall use the escalated amounts to calculate the liquidated damages, if any, paid by Contractor under Articles 12.1, 12.2, and 12.3. As these amounts are escalated annually, each annual adjustment approved by Authority shall supersede all previously approved escalated liquidated damage amounts.

Appears in 1 contract

Samples: Trainset Agreement

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Escalation of Liquidated Damages Amounts. Pursuant to Article 11.510.5, Contractor shall provide Authority Owner with its escalation calculations for estimates of each of the liquidated damage amounts set forth in Article 12.111.1, Article 12.211.2, Article 11.3 and Article 12.3Schedule 6. Once Authority Owner approves these escalated amounts, the Parties shall use the escalated amounts to calculate the liquidated damages, if any, paid by Contractor under Articles 12.111.1, 12.211.2, 11.3 and 12.311.4. As these amounts are escalated annually, each annual adjustment approved by Authority Owner shall supersede all previously approved escalated liquidated damage amounts.

Appears in 1 contract

Samples: www.hsr.ca.gov

Escalation of Liquidated Damages Amounts. Pursuant to Article 11.511.4, Contractor shall provide Authority with its escalation calculations for each of the liquidated damage amounts set forth in Article 12.1, 12.1 and Article 12.2, and Article 12.3. Once Authority approves these escalated amounts, the Parties shall use the escalated amounts to calculate the liquidated damages, if any, paid by Contractor under Articles 12.1, 12.1 and 12.2, and 12.3. As these amounts are escalated annually, each annual adjustment approved by Authority shall supersede all previously approved escalated liquidated damage amounts.

Appears in 1 contract

Samples: Track and Systems Agreement

Escalation of Liquidated Damages Amounts. Pursuant to Article 11.510.5, Contractor shall provide Authority Owner with its escalation calculations for estimates of each of the liquidated damage amounts set forth in Article 12.1, Article 12.2, 11.1 and Article 12.3Schedule 6. Once Authority Owner approves these escalated amounts, the Parties shall use the escalated amounts to calculate the liquidated damages, if any, paid by Contractor under Articles 12.1, 12.2, 11.1 and 12.3. As these amounts are escalated annually, each annual adjustment approved by Authority shall supersede all previously approved escalated liquidated damage amounts.%20Au

Appears in 1 contract

Samples: www.hsr.ca.gov

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Escalation of Liquidated Damages Amounts. Pursuant to Article 11.510.5, Contractor shall provide Authority Owner with its escalation calculations for estimates of each of the liquidated damage amounts set forth in Article 12.111.1, Article 12.2, 11.2 and Article 12.3Schedule 6. Once Authority Owner approves these escalated amounts, the Parties shall use the escalated amounts to calculate the liquidated damages, if any, paid by Contractor under Articles 12.111.1, 12.2, 11.2 and 12.311.3. As these amounts are escalated annually, each annual adjustment approved by Authority Owner shall supersede all previously approved escalated liquidated damage amounts.

Appears in 1 contract

Samples: www.hsr.ca.gov

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