Damage Penalty definition

Damage Penalty has the meaning set forth in Section 4.3.
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Damage Penalty has the meaning set forth in Section 4.3. “Developed Materials” has the meaning set forth in the definition of Client Work Made for Hire. “Disclosing Party” has the meaning set forth in Section 10. “Effective Date” has the meaning set forth in the introductory paragraph. “Fees” has the meaning set forth in Section 3.1. “Force Majeure” has the meaning set forth in Section 14.3. “GAAP” means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), which are applicable to the circumstances as of the date of determination, consistently applied. “Indemnified Party” has the meaning set forth in Section 7.3. “Indemnifying Party” has the meaning set forth in Section 7.3. “Initial Term” has the meaning set forth in Section 5.1. “Invoice Dispute Notice” has the meaning set forth in Section 3.3. “Liabilities” has the meaning set forth in Section 8.1. “Parties” has the meaning set forth in the introductory paragraph. “Party” has the meaning set forth in the introductory paragraph. “Penalty Cap” has the meaning set forth in Section 4.2.2(a). “Penalty Payment” has the meaning set forth in Section 4.2.1. “Person” means any natural person, corporation, limited partnership, general partnership, limited liability company, joint stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity, custodian, trustee-executor, administrator, nominee or entity in a representative capacity and any Governmental Authority. “Prior Performance” has the meaning set forth in Section 4.6. “PTO” has the meaning set forth in Section 9.2(a). “Recipient” has the meaning set forth in Section 10. “Renewal Terms” has the meaning set forth in Section 5.1. “Senior Executives” has the meaning set forth in Section 13.1(b). “Servco” has the meaning set forth in the introductory paragraph. “Servco Infrastructure” has the meaning set forth in Section 5.6. “Services” has the meaning set forth in Section 2.1. “SLAs” has the meaning set forth in Section 4.1. “Statement of Work” has the meaning set forth in Section 2.2. “Step-In Notice” has the meaning set forth in Section 6.1.2. ...
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Examples of Damage Penalty in a sentence

  • The parties acknowledge and agree that damages which will result to Lender for Company’s failure to timely file or have declared effective the Registration Statement shall be extremely difficult or impossible to establish or prove, and agree that the payment of Liquidated Damage Penalty is a reasonable estimate of potential damages and shall constitute liquidated damages for any breach of this paragraph.

  • In the event of a Registration Default, the Company hereby agrees to pay to the Lender Liquidated Damage Penalty as set forth in Section 7 until the Registration Statement takes effective.

  • The parties acknowledge and agree that damages which will result to Investor for Company’s failure to timely file or have declared effective the Registration Statement shall be extremely difficult or impossible to establish or prove, and agree that the payment of Liquidated Damage Penalty is a reasonable estimate of potential damages and shall constitute liquidated damages for any breach of this paragraph.

  • In lieu of (but not in addition to) the Exclusivity Liquidated Damage Penalty for a breach by Seller of Section 10.4(a) hereof, Buyer is entitled to seek other remedies otherwise available to Buyer under Applicable Law or this Agreement, including (i) specific performance of Seller’s obligations in accordance with the precise terms agreed hereby, as provided in Article 1846 of the Federal Civil Code, and (ii) rescission of this Agreement.

  • The parties acknowledge and agree that the Exclusivity Liquidated Damage Penalty is reasonable for Seller due to the nature of the obligation and the economic condition of Seller.

  • The parties acknowledge and agree that the Non-Compete Liquidated Damage Penalty is reasonable for Seller due to the nature of the obligation and the economic condition of Seller.

  • Seller further agrees that the Exclusivity Liquidated Damage Penalty alone may not be sufficient to compensate Buyer for a breach by Seller of Section 10.4(a) hereof and that the Exclusivity Liquidated Damage Penalty is provided for the simple delay in the performance of the obligations set forth in Section 10.4(a) hereof or for not performing such obligations in the manner agreed herein.

Related to Damage Penalty

  • Damage Payment means the dollar amount that equals the amount of the Development Security.

  • eligible penalty means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding;

  • Civil penalty means the payment Licensee has agreed to pay to the United States Treasury;

  • Reduced leave schedule means a leave schedule that reduces the usual number of hours per workweek, or hours per workday, of an employee.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.