Maximum LID Sample Clauses
The Maximum LID clause sets a cap on the total liability for liquidated damages (LID) that a party may incur under a contract. In practice, this means that even if multiple breaches occur, the total amount payable as liquidated damages cannot exceed a specified maximum, such as a percentage of the contract price or a fixed sum. This clause provides certainty and limits financial exposure, ensuring that the party responsible for potential breaches is not subject to unlimited or disproportionate penalties.
Maximum LID. A level of LID using strategies, including water quality LID and on-site detention, designed not to exceed peak discharge rates of more than 0.2 cfs/acre during the 2-year storm event or 0.5 cfs/acre during the 100-year storm event based on the contributing drainage from each site, measured at every drainage (stormwater discharge) outlet from the new development or significant redevelopment.