Liquidated Damages for Late Delivery. (a) The Parties acknowledge and agree that failure to meet the Delivery Dates will cause substantial financial loss or damage to be sustained by the other Party. The Parties further acknowledge and agree that the following liquidated damages are believed to represent a genuine estimate of the loss that would be suffered by Customer by reason of any such delay (which losses would be difficult or impossible to calculate with certainty), and are neither intended as a penalty nor operate as a penalty.
Liquidated Damages for Late Delivery. (a) Should Supplier fail to make a timely delivery of any Work in accordance with this Purchase Order’s delivery schedule, then Flyer shall be entitled to receive, and Supplier shall pay, compensation in the form of liquidated damages and not as a penalty.
Liquidated Damages for Late Delivery. For the first 3 calendar days beyond the agreed upon delivery date, the manufacturer will pay to the seller as liquidated damages the sum of 0.3%/per day of purchase order total (not to include taxes, freight and shipping costs). After the first 3 calendar days liquidated damages shall increase to the sum of O.5%/per day of the purchase order total (not to include taxes, freight and shipping costs). If the Seller does not pay in accordance to the purchase order terms, Manufacturer will not incur any late fees. Seller agrees to the same penalty terms as manufacturer regarding late payment subject to the terms in Purchase Order.
Liquidated Damages for Late Delivery. (A) Contractor understands that delays in Delivery of Satellites required herein may cause Purchaser to incur additional cost, loss of revenues and other damages, which damages are difficult to estimate but the Parties acknowledge are likely to be significant. Accordingly, the Parties agree to fixed and liquidated damages for late Delivery of Satellites which damages are intended to be compensatory, not a penalty and are in lieu of actual damages incurred by the Purchaser.
Liquidated Damages for Late Delivery. SP acknowledges that the above Performance Schedule above is critical and material to performance of this SOW and for the avoidance of substantial loss to GE, and that SP’s unexcused failure to meet the Performance Schedule without GE’s written consent may lead to the application of liquidated damages as specified in this Section. In the event that any performance is delayed beyond the Performance Schedule due to any causes not expressly excused by the terms of the MSA, SP shall pay to GE the following, as liquidated damages, and not as a penalty, a sum equal to Insert formula here – e.g. the following portion of the SOW total price for each full <choose week/day> of delay in delivery (up to a maximum of _______ % of the SOW total price): < _______% / $_______ > for the first_______ <choose weeks/days>, <_______ % / $_______ > for the following_______<choose weeks/days>, and <_______ % / $_______ > for all remaining <choose weeks/days> <choose percentage or flat amount; use flat amount if price is not definite when entering into SOW>. 2.
Liquidated Damages for Late Delivery. Except for delay caused by force majeure or COMPANY, for any delays in commencement of works or completion of works or delivery of goods beyond the requirement date (completion date or delivery date) stipulated in this order or agreed by COMPANY, COMPANY will be entitled to recover liquidated damages from the Vendor at the rate specified in this order until actual commencement of works or acceptance of works or Goods. If not specified otherwise, the liquidated damages rate for purchase of goods is at 0.01 percent of the delayed goods value per day or for provision of service is at
Liquidated Damages for Late Delivery. For any delays in receipt of SERVICES or GOODS beyond seven (7) calendar days, the COMPANY will be entitled to recover from the CONTRACTOR a Liquidated Damages for an amount of One percent (1%) of the total value of the PO, for each day of delay. The maximum Liquidated Damages shall not exceed Ten percent (10%) of the PO value. In the event the delay exceeds the numbers of days allowable herein, the COMPANY shall have the right to:
Liquidated Damages for Late Delivery. Supplier acknowledges that the Performance Schedule is critical and material to performance of the SOW and for the avoidance of substantial loss to Purchaser, and that Supplier’s unexcused failure to meet the Performance Schedule without Purchaser’s written consent may lead to the application of liquidated damages as specified in this section. In the event that any performance is delayed beyond the Performance Schedule due to any causes not expressly excused by the terms of the Agreement, Supplier shall pay to Purchaser the following, as liquidated damages, and not as a penalty, a sum equal to 0,5% of the PO value per day of delay.
Liquidated Damages for Late Delivery. In the event of unexcused delay in the completion of the delivery of any Rail Car beyond the dates required, the Authority may assess as liquidated damages the amount of $500 per calendar day of delay per Rail Car, up to an aggregate maximum of 2% of the price of the Rail Car for which delivery is delayed. For avoidance of doubt, no liquidated damages will be assessed so long as the two Pilot Rail Cars are delivered within the required times, and no liquidated damages will be assessed for late delivery of remaining Rail Cars so long as Contractor complies with the delivery schedule.
Liquidated Damages for Late Delivery. (A) Contractor understands that delays in Delivery of Deliverable Items required herein may cause Purchaser to incur additional cost, loss of revenues and other damages, which damages are difficult to estimate but the Parties acknowledge are likely to be significant. Accordingly, the Parties agree to fixed and liquidated damages for late Delivery of Deliverable Items which damages are intended to be compensatory, not a penalty and are in lieu of actual damages incurred by the Purchaser.
