Service Failure Compensation Sample Clauses

Service Failure Compensation. Service Failure Compensation payable by Contractor in case of a Service Failure shall be calculated as follows: (a) if the Service Failure results in Contractor failing on any day to deliver the duly nominated volume of regasified LNG, then the Service Failure Compensation shall be calculated by multiplying ***** Dollars (USD *****) by the percentage of the duly nominated volume of regasified LNG that Contractor failed to deliver on such day of Service Failure. (b) Notwithstanding anything to the contrary, the aggregate Service Failure Compensation payable by Contractor in any one (1) Contract Year shall not exceed ***** Dollars (USD *****). (c) Service Failure Compensation shall not be payable in respect of intraday nominations.