Liquidated Damages for Termination Sample Clauses

Liquidated Damages for Termination. Responsible Parties agree and understand that if their actions lead to termination of the agreement by Pacific, or if they voluntarily terminate the agreement themselves, this will cause Pacific to incur losses of types and in amounts which are impossible to calculate with certainty. For this reason, Responsible Parties agree that "liquidated" (that is, predetermined) damages represent a fair, reasonable and appropriate estimate of Pacific's losses in that situation. When this happens, Responsible Parties agree that they shall be liable to Pacific for liquidated damages in the amount of Five Hundred Dollars ($500.00) if the agreement is terminated for any reason between May 1, 2022 and July 14, 2022, and in the amount of One Thousand Dollars ($1,000.00) if the agreement is terminated for any reason on or after July 15, 2022. Such liquidated damages are not intended as a penalty, and Responsible Parties shall pay them to Pacific without limiting Pacific’s right to terminate this agreement for default as provided elsewhere in this agreement. Notwithstanding the foregoing, this Agreement may be terminated and no liquidated damages will be owed by the Responsible Parties under the following conditions:
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Liquidated Damages for Termination. In the event (i) a party hereto in breach of this Agreement terminates a Service shown on the Services Schedule prior to the expiration of the full Service Term of the Service as provided in Section 2 (whether before or after commencement of the Service Term) or (ii) pursuant to Section 7(e) or 7(f), terminates a Service prior to the expiration of the full Service Term of the Service as provided in Section 2 (whether before or after commencement of the Service Term) because of the other party's breach of this Agreement, the breaching party shall pay the other liquidated damages calculated by first determining the average monthly charges, before discounts, for the Service for the twelve (12) full calendar months preceding the calendar month in which such early termination ("Early Termination") occurs. If the Service has not been provided by CSC to the Customer for at least twelve (12) fall calendar months prior to the month of termination, the average monthly charges shall be determined by using the actual monthly charges, before discounts, for the full calendar months, if any, in which the Service was provided and the non-breaching party's good faith estimate of the charges for the number of month(s) less than twelve in which the Service was not provided, based on said party's good faith projection of the volume of the Service the Customer would have required during such month(s) but for the Early Termination. The average monthly charge as so determined pursuant to the preceding paragraph shall be multiplied by fifty percent (50%). The resulting product shall then be multiplied by the number of calendar months in the Service Term (determined without regard to the Early Termination) for the Service following the month of the Early Termination, with any fractional months counted as full months for this purpose. The result of the preceding sentence shall be the amount of liquidated damages; such amount shall be paid in full by the breaching party to the non-breaching party prior to any Deconversion or termination with respect to the Service.
Sample 1
Liquidated Damages for Termination. Responsible Parties agree and understand that if their actions lead to termination of the agreement by Pacific, or if the agreement is approved to be terminated, this will cause Pacific to incur losses of types and in amounts that are impossible to calculate with certainty. For this reason, Responsible Parties agree that "liquidated" (that is, predetermined) damages represent a fair, reasonable, and appropriate estimate of Pacific's losses in that situation. When this happens, Responsible Parties agree that they will be liable to Pacific for liquidated damages in the amount of One Thousand Dollars ($1,000.00) if the agreement is terminated for any reason on or after May 5, 2024. Agreements terminated on or after July 15, 2024 will be subject to fees in the amount of Two Thousand Dollars ($2000.00). Such liquidated damages are not intended as a penalty, and Responsible Parties will pay them to Pacific without limiting Pacific’s right to terminate this agreement for default as provided elsewhere in this agreement. Requests to terminate this Agreement are granted at the sole discretion of the Office of Residential Life and Housing’s Petition Review Committee under rare and extenuating circumstances and only after all other residential options have been explored. Notwithstanding the foregoing, this Agreement may be terminated, and no liquidated damages will be owed by the Responsible Parties under the following conditions:
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Related to Liquidated Damages for Termination

  • Liquidated Damages for Delay In addition to the Contractor bearing the actual cost of correcting any non-compliant work or any other actual damages resulting from Contractor’s breach of this Agreement, the Contractor agrees to pay the Contractor delay damages in the amount of $500.00 per day for every day that the goods and/or services to be provided pursuant to this Agreement have not been timely delivered to the District in compliance with the Scope of Services set forth above, unless the delay has been properly excused by the terms of this Agreement. The parties agree that the District’s actual damages for delay are difficult to estimate and that this $500.00 per day sum is a reasonable pre-estimate of the District’s actual damages for each day of delay and that the is $500.00 per day sum is intended by the parties to be in the nature of liquidated damages, not a penalty. It is not the parties’ intent for this provision to limit either party’s remedies against the other for the breach of this Agreement, except for the District’s money damages for unexcused delays caused by the Contractor.

  • Delay Liquidated Damages Delay Liquidated Damages has the meaning set out in GC 7.6.1.

  • Withholding for unpaid wages and liquidated damages The FHWA or the contacting agency shall upon its own action or upon written request of an authorized representative of the Department of Labor withhold or cause to be withheld, from any moneys payable on account of work performed by the contractor or subcontractor under any such contract or any other Federal contract with the same prime contractor, or any other federally-assisted contract subject to the Contract Work Hours and Safety Standards Act, which is held by the same prime contractor, such sums as may be determined to be necessary to satisfy any liabilities of such contractor or subcontractor for unpaid wages and liquidated damages as provided in the clause set forth in paragraph (2.) of this section.

  • Liquidated Damages The Company’s obligations to pay any partial liquidated damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial liquidated damages or other amounts are due and payable shall have been canceled.

  • Payment of Liquidated Damages If you supply all or some of your milk to a third party during a Month you must, if required by DFMC, immediately pay to DFMC liquidated damages for that Month calculated as follows: $X = W cents x (Y – Z) Where: $X is the amount payable by you to DFMC for the relevant Month. If $X is a negative amount, no amount is payable by you. Y is the average monthly litres you have supplied to DFMC based on the 12 months immediately preceding the relevant Month (or in the event you have not supplied DFMC for 12 months, the average monthly litres you have supplied to DFMC during the period you have supplied DFMC). Z is the number of litres supplied to DFMC by you for the relevant Month.

  • Damages for delay Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

  • Termination Damages If the Term of this Lease is terminated for default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunder.

  • Breach of Contract and Liquidated Damages A. Where OGS determines that the Contractor is not in compliance with the requirements of this Contract, and the Contractor refuses to comply with such requirements, or if it is found to have willfully and intentionally failed to comply with the MWBE participation goals set forth in the Contract, the Contractor shall be obligated to pay liquidated damages to OGS.

  • CONTRACT TIME AND LIQUIDATED DAMAGES (7-1-95) (Rev. 12-18-07) 108 SP1 G10 A The date of availability for this contract is August 1, 2018. The completion date for this contract is December 10, 2019. Except where otherwise provided by the contract, observation periods required by the contract will not be a part of the work to be completed by the completion date and/or intermediate contract times stated in the contract. The acceptable completion of the observation periods that extend beyond the final completion date shall be a part of the work covered by the performance and payment bonds. The liquidated damages for this contract are Five Hundred Dollars ($ 500.00) per calendar day.

  • Violation; liability for unpaid wages; liquidated damages In the event of any violation of the clause set forth in paragraph (1.) of this section, the contractor and any subcontractor responsible therefor shall be liable for the unpaid wages. In addition, such contractor and subcontractor shall be liable to the United States (in the case of work done under contract for the District of Columbia or a territory, to such District or to such territory), for liquidated damages. Such liquidated damages shall be computed with respect to each individual laborer or mechanic, including watchmen and guards, employed in violation of the clause set forth in paragraph (1.) of this section, in the sum of $10 for each calendar day on which such individual was required or permitted to work in excess of the standard workweek of forty hours without payment of the overtime wages required by the clause set forth in paragraph (1.) of this section.

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