LIQUIDATED AND ASCERTAINED DAMAGES Sample Clauses
The Liquidated and Ascertained Damages clause sets out a predetermined amount of compensation that one party must pay to the other if specific contractual obligations, such as timely completion of work, are not met. Typically, this clause applies in construction or service contracts, where delays can cause measurable losses, and the parties agree in advance on a daily or weekly rate for such damages. Its core function is to provide certainty and avoid disputes by establishing clear consequences for breaches, thereby streamlining the resolution process and allocating risk fairly between the parties.
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LIQUIDATED AND ASCERTAINED DAMAGES. 11.1 If the project is not substantially completed on the stated completion date, the Contractor shall pay to the Owner a sum of ($150 per day or part thereof) for each calendar day of inexcusable delay until the work is substantially completed, as liquidated damages. In addition to levying the liquidated damages as before described, the Owner will be compensated for all additional damages ascertained to have been suffered by them for the late delivery of the project.
LIQUIDATED AND ASCERTAINED DAMAGES. If the Supplier fails to deliver the Goods at the Delivery Address before the expiry of the Delivery Due Date, the Supplier shall be liable to LAD of 1% per day up to a maximum LAD of 10% of the Purchase Order value of the undelivered Goods. TERMINATION
LIQUIDATED AND ASCERTAINED DAMAGES. At the rate of € per A Communications (Article 5 of the Main Contract) Details for sending notices under clauses 12 and 13 to the Sub-Contractor are: Details for sending other notices to the Sub-Contractor are: The Sub-Contractor’s agent4 in the Republic of Ireland for service of legal process is: The Sub-Contractor shall provide a parent company guarantee in the form in the Contract Documents from: Name of Parent Company5: Postal Address: 4 An agent in the State must be named if the Sub-Contractor’s registered office or other principal place of business is outside the State
LIQUIDATED AND ASCERTAINED DAMAGES. The Liquidated Damages stated in Clause 10.1 is deemed to be a reasonable loss and/or damage which the Customer will suffer in the event that the Developer is in breach of the Clause hereof.
LIQUIDATED AND ASCERTAINED DAMAGES. 27.1 Without prejudice to the Authority's rights under Clause 52 (Default by the Contractor), in the event that the Full Operation Period has not commenced by the Scheduled Opening Date or the Further Full Operation Period has not commenced by the Further Scheduled Opening Date the Contractor shall be liable to pay liquidated and ascertained damages to the Authority unless and to the extent that the Authority is in breach of those of its obligations which are referred to in Clause 31.4.
27.2 The liquidated and ascertained damages payable pursuant to Clause 27.1 shall be calculated at the daily rate stated in Schedule G (such rate representing a reasonable pre-estimate of costs to the Authority) for the period between the Scheduled Opening Date and the Full Operation Date (for which purpose 40 Trainee Places shall during such period be deemed to be unavailable for the purposes of calculating liquidated damages pursuant to this Clause 27) and shall, subject to Clause 27.5, be due and payable monthly in arrears.
LIQUIDATED AND ASCERTAINED DAMAGES. 21.1 Should the Supplier fail to deliver all or any of the Goods by the delivery date specified in the Purchase Order, or any extended delivery date agreed under the Purchase Order, then the Customer shall, in addition to and without prejudice to any other remedies available to it under the Contract, at law and in equity have the right to require the Supplier to pay 0% for the first week that the Goods are delayed, 2% of the Contract price of the Goods, for the second week or part thereof that the Goods are delayed, 3% of the Contract price of the Goods, for the third week or part thereof that the Goods are delayed, and 5% of the Contract price of the Goods, for the fourth week or thereafter that the Goods are delayed, . Damages shall be limited to the Contract price of those items in default.
21.2 Should the Customer fail to pay for all or any of the Goods within thirty (30) days of the date of the invoice, then the Supplier shall, in addition to and without prejudice to any other remedies available to it under the Agreement, at law and in equity have the right to require the Customer to pay 1.5% of the invoice amount for each month or part thereof that payment is delayed.
21.3 Supplier shall not manufacture or sell products which are directly competitive with the Goods during the Term.
LIQUIDATED AND ASCERTAINED DAMAGES. As page 1/13 of the Bills of Quantities will be KShs. 50,000.00 per calendar week or part thereof. In the event of us being awarded the above works, we propose to use the following subcontractors, subject to the Architect’s approval. NAME OF SUB-CONTRACTOR WORK TO BE EXECUTED
LIQUIDATED AND ASCERTAINED DAMAGES. Without prejudice to the provisions of Clause 4 of these conditions and if Amplus Ltd fails to complete the works or any major phase in accordance with the contract Amplus Ltd's liability for any and all damages will be limited to that proportion of the total liquidated damages as our Sub-Contract is of the Main Contract sum. The deduction of liquidated damages is to be subject to our agreement prior to implementation. Notwithstanding the above the Total Liquidated Damages shall not exceed 5% of our Sub-Contract price.