Liquidated Damage definition

Liquidated Damage means any loss/losses caused or sustained by VMC, Authority due to nonperformance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the VMC, Authority as per the terms and conditions of Concession Agreement
Liquidated Damage means any loss/losses caused or sustained by MCGM/Authority due to non-performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the MCGM/Authority as per the terms and conditions of this RFP or otherwise in good faith by the Contractor. Such losses shall be recoverable from the Contractor to the extent of the default of the Contractor.
Liquidated Damage means any loss/losses caused or sustained by SWMTSC/MUNICIPAL AUTHORITY, Authority or GoN due to non performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the SWMTSC/MUNICIPAL AUTHORITY, Authority or GoN as per the terms and conditions of this RFP or otherwise in good faith by the Concessionaire. Such losses shall be recoverable from the Concessionaire to the extent of the default of the Concessionaire.

Examples of Liquidated Damage in a sentence

  • In such case Compensation / Liquidated Damage for delay shall be calculated in accordance with Clause 6.9 on total value of the work, less the value of ‘relevant part’ taking into consideration the due date of completion as per Contract and subsequent time extension, if any.

  • It is hereby understood and agreed that neither the total cumulative Liquidate Damages amount nor any portion of the Liquidated Damage amount are penalties.

  • Liquidated Damage for not meeting performance guarantee shall be assessed and recovered from the Supplier, if applicable.

  • If the delay in the supply of goods is on account of hindrances beyond the control of the Bidder, the extension in delivery period may be granted without Liquidated Damage.

  • Liquidated Damage For Delay: In case of any delay in completion of work beyond the above schedule, LD @ ½ % (half percent) of the total contract value of the work for every week or part thereof for the first 4 weeks of delay and thereafter 1% (one percent) total contract value for every week, subject to a maximum of 5% (five percent) of the total Contract value on uninterrupted working condition.

  • In case of any deviation from the schedule, the Purchaser reserves the right to either cancel the Contract and/or recover Liquidated Damage charges.

  • In case of delay in completion of the work within the stipulated time due to reasons attributable to the contractor, Standard Liquidated Damage @ 1% of the tender accepted value shall be recovered for each day of delay from the final bill or the part there of.

  • The Contractor shall be subject to the Liquidated Damage clause herein contained for breach hereof.

  • In case of delay in completion of the work within the stipulated time due to reasons attributable to the contractor, Standard Liquidated Damage @ 0.1% of the tender accepted value shall be recovered for each day of delay from the final bill or the part there of.

  • Installation:- Within 10 days from the date of receipt of equipment in the Institute failing which Liquidated Damage clause shall apply.Liquidated Damage clause: It would be realized @ 0.5% (half per cent) of the base price (excluding taxes) of the delayed goods for each week of delay subject to maximum 20%.


More Definitions of Liquidated Damage

Liquidated Damage has the meaning assigned to it in the Registration Rights Agreement.
Liquidated Damage means any loss/losses caused or sustained by MCD due to non- performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the MCD as per the terms and conditions of this RFP or otherwise in good faith by the Concessionaire. Such losses shall be recoverable from the Concessionaire to the extent of the default of the Concessionaire.
Liquidated Damage means any loss/losses caused or sustained by MCG/Authority due to non performance of any act as per the Scope of Work of this RFP or performance or carrying out of any act expressly or impliedly prohibited by the MCG/Authority as per the terms and conditions of this RFP or otherwise in good faith by the
Liquidated Damage means the liquidated damage that the Customer will be liable to RCT for the Customer’s early termination of this Contract, and the amount will be the sum of all the Rental Payments that RCT would be entitled to for the remainder of the Hire Period. PPSA means the Personal Properties Securities Act 2009 (Cth); Prescribed Rate means 20% per annum, calculated on a daily basis.
Liquidated Damage shall have the meaning set forth in Section 2(c) hereof.
Liquidated Damage means any loss/losses caused or sustained by any Party, due to non- performance of any of its obligations by the other Parties or performance or carrying out of any act expressly or impliedly prohibited by the Authority as per the terms and conditions of the Agreement;

Related to Liquidated Damage

  • Liquidated Damages means all liquidated damages then owing pursuant to Section 5 of the Registration Rights Agreement.

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.

  • Liquidated Damages Amount has the meaning set forth in Section 2(e) hereof.

  • SPECIAL LIQUIDATED DAMAGES means the amount payable by the Transport Supplier in case of default arising out of Non-availability of vehicle(s)/crew when the Company's operations are normal and also Non-availability of services due to unauthorized / lightening strike by Transport Supplier or his/her crew for any reason whatsoever. The period of non-availability of services will be treated as shutdown and shall attract Special Liquidated damage at the rate of twice the pro- rata fixed charge per day. Special L.D. shall be levied irrespective of whether such default resulted in a shutdown for the whole day or part thereof.

  • Performance Liquidated Damages means any liquidated damages resulting from the Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project.

  • Liquidated Damages Multiplier means the product of (i) the Purchased Unit Price and (ii) the number of Registrable Securities then held by the applicable Holder and included on the applicable Registration Statement.

  • Covered Damage All damages to property of the unit's owner, up to $1,475.00 in the aggregate for each Stay, that occurs during the Covered Guest's stay and that is the result of the inadvertent acts or omissions of the Covered Guest or the Covered Guest's invitee, excluding the damages listed in the conditions section above. • "Covered Guest": All registered guests and all persons booked to share the same unit of accommodations, and have paid the required plan cost. • "Stay": The stay at an iTrip unit, from the date of a Covered Guest's check-in to the date of check-out.

  • Insured Damage means that part of any damage occurring to the Leased Premises of which the entire cost of repair is actually recovered by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord, or for which the Landlord has self-insured under Section 9.1 herein.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Premium means any premium payable under the terms of the Notes.

  • Overhead Damage means any damage to the Vehicle or to any third-party property that is caused by:

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

  • Additional Interest shall have the meaning set forth in Section 2(e) hereof.

  • Redemption Payment Date As defined in Section 13.1.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Redemption Fee means the fee applied by us for the return of funds to an IBAN Account holder, or Cardholder following a request for redemption by an IBAN Account holder Cardholder under this Agreement, as specified in the attached Fees & Limits Schedule;