Aggregate Liquidated Damages definition
Examples of Aggregate Liquidated Damages in a sentence
In no event shall the sum of Aggregate Liquidated Damages, plus all other compensatory damages (other than Excluded Obligations) (the “Aggregate Compensatory Damages”) exceed $[ * * * ]* in the aggregate.
Maximum Liquidated Damages: Maximum Aggregate Liquidated Damages: Shall not exceed 30 % of the Contract Price.
Owner and Contractor agree that Owner’s actual damages in the event of any Contractor Event of Default set forth in clause (i) of Section 20.1 would be extremely difficult or impracticable to determine and that, after negotiation, Owner and Contractor have agreed that the Maximum Aggregate Liquidated Damages are a reasonable estimate of the damages that Owner would incur as a result of such a Contractor Event of Default.
Once the Aggregate Liquidated Damages Cap has been reached Buyer shall have the right to terminate such Accepted Purchase Order pursuant to Section 23; provided that Buyer delivers such notice of termination to Tesla within thirty (30) days after the date on which the Aggregate Liquidated Damages Cap is exceeded.
Notwithstanding anything contained herein to the contrary, in the event that Contractor has not achieved Provisional Acceptance but has reached its maximum liability hereunder for payment of liquidated damages in accordance with Section 11.5.3, Aggregate Liquidated Damages, Contractor shall be considered in default, and this Agreement may, at FPL’s sole and exclusive discretion, be terminated in accordance with Article XV, TERMINATION.