Delay Liquidated Damages definition
Examples of Delay Liquidated Damages in a sentence
All Performance Liquidated Damages and Delay Liquidated Damages due and payable as of the Term Conversion Date under the P1 EPC Contracts (other than any Performance Liquidated Damages or Delay Liquidated Damages that are subject to dispute or that are in any amount less than $5,000,000) shall have been deposited into the appropriate P1 Accounts or Common Accounts and applied as set forth in the P1 Accounts Agreement or the Common Accounts Agreement.
Notwithstanding the foregoing, the Borrower shall enforce against the T4 EPC Contractor the Borrower’s rights under the T4 EPC Contract in respect of Delay Liquidated Damages and Performance Liquidated Damages due and payable (other than any Performance Liquidated Damages that are in an amount less than $5,000,000).