Common use of Performance Liquidated Damages Clause in Contracts

Performance Liquidated Damages. Contractor acknowledges that its breach as set forth in this Section will cause substantial damage to Client, the actual amount of which will be difficult to determine. Therefore, Contractor agrees that upon any of the breaches set forth below, Contractor shall pay Client a lump sum payment equal to the amount set forth below corresponding to the applicable breach. These amounts are intended to compensate Client for the lost value to Client because of such breach, and Contractor agrees that it will remain liable for all other obligations claimed under this Agreement.