Daily Delay Damages definition

Daily Delay Damages means with respect to a Guaranteed Project Milestone, an amount equal to (a) the Project Development Security Amount posted as of the first date that Daily Delay Damages are payable under this Agreement with respect to such Guaranteed Project Milestone, divided by (b) 120.

Daily Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) one hundred twenty (120).

Daily Delay Damages. Shall have the meaning set forth in Section 13.4(a) (Daily Delay Damages) of this Agreement.

Examples of Daily Delay Damages in a sentence

• If Seller has not satisfied the conditions precedent for the Initial Delivery Date of the Project by the applicable Guaranteed Initial Delivery Date, Seller shall owe to Buyer the applicable Daily Delay Damages for each day of delay, up to a maximum of one hundred and eighty (180) days of delay (the “Cure Period”).

• At Seller’s option, Daily Delay Damages may be paid either in cash or by draw upon the Development Period Security per Section 10.1. In the event that Seller achieves Commercial Operation by the Binding Milestone Deadline therefor, then Buyer shall refund to Seller, without interest, any amounts previously paid to Buyer as Daily Delay Damages for failure to achieve the any Binding Milestone by the respective Binding Milestone Deadlines therefor.

• Except to the extent Buyer may be entitled to Daily Delay Damages under Section 2.10.1, if this Agreement is terminated by Buyer under this Section 21.3, then within five (5) days following such termination, Buyer shall return to Seller any and all Letters of Credit, cash deposit, or any other forms of security or credit support previously provided by Seller and held at that time by Xxxxx.

More Definitions of Daily Delay Damages

Daily Delay Damages means with respect to the Guaranteed Commercial Operation Date, an amount equal to (a) divided by (b), where (a) is $60/kW multiplied by the Contract Capacity of the Project as reflected in Section B of the Cover Sheet, and (b) is the number 180.

Daily Delay Damages means liquidated damages paid by Seller to Buyer in the amount of $[XX,XXX] per day for each day of delay in the months of June, July, August and September and $[XX,XXX] per day for each day of delay in the other months of the year. [NOTE to Bidders: this is the total security required during development divided by the number of days in the Cure Period]

Daily Delay Damages means with respect to the Guaranteed Commercial Operation Date, an amount equal to (a) divided by (b), where (a) is $60/kW multiplied by the Contract Capacity of the Project as reflected in Section B of the Cover Sheet, and (b) is the number 120.

Daily Delay Damages has the meaning set forth in Section 11.6(a)(i).

Daily Delay Damages means liquidated damages in the amount of (i) the product of $323.00/MW and the Expected Contract Capacity of all of the Generating Unit(s) for each day of delay during the period of June 1 through September 30, inclusive, or (ii) the product of $208.00/MW and the Expected Contract Capacity of all of the Generating Unit(s) for each day of delay during all other days of the year.

Daily Delay Damages. Shall have the meaning set forth in Section 2.4(B)(3)(a) (Daily Delay Damages).

Daily Delay Damages for each Day shall be the positive number (and if not a positive number, zero) equal to the sum for all hours of the Day of the product for each hour of the Day of