Examples of Liquidated Damages Date in a sentence
In the event that the Registration Statement has not been declared effective by the SEC on or before the date (the "Liquidated Damages Date") that is 90 days after the date on which the Registration Statement is initially filed with the SEC, the Company shall pay to each Investor an amount in cash, as liquidated damages and not as a penalty, equal to 1% of the aggregate purchase price paid by such Investor pursuant to this Agreement.
For so long as the Registration Statement has not been declared effect by the SEC, at the end of each 60-day anniversary of the Liquidated Damages Date, the Company shall pay to each Investor an additional amount in cash, as liquidated damages and not as a penalty, equal to 1% of the aggregate purchase price paid by such Investor pursuant to this Agreement.
If there is any delay in the issuance of the TOP, as a result solely of the occurrence of any of the following events, the TOP Liquidated Damages Date and/or the TOP Rescission Date, as the case may be, shall be extended by a reasonable period (taking into account the delay caused by the occurrence of such event) as determined by the QP.
Extending the Contract Duration and Liquidated Damages Date, Moved by Ms. Clark, Seconded by Mr. Wells.
Therefore, (a) the Estimated Delivery Date shall mean April 2, 2020, (ii) the Liquidated Damages Date shall mean July 2, 2020, and (iii) the Delayed Delivery Termination Date shall mean April 2, 2021.
As used herein, "Liquidated Damages Date" means the next succeeding date after the Estimated Delivery Date, plus the number of Tenant Delay Days, if any and the number of Force Majeure Delay Days (as defined in EXHIBIT D hereto), such Force Majeure Delay Days not to exceed 60 days for purposes of determining the Liquidated Damages Date.
If the delay is an excusable delay for the purposes of paragraph 6 of the Agreement, or if it results from the acts or omissions of the Owner which are not required to correct design problems or work discrepancies, the Completion Date and Liquidated Damages Date shall be extended for the number of days that the work is delayed by such cause.
Resolution on termination of proceedings following the act of amnesty, Investigation Committee, 24 December 2013 (Appendix 27).
Fluctuations (if applicable) = (e) % of estimated tender sum Total liquidated damages per week For notes see overleaf Signed: D340b(06/16) Assessment of Liquidated Damages Date: ASSESSMENT OF LIQUIDATED DAMAGES NOTES ON CALCULATIONS Note ref: Estimated tender sum – The amount should be the full anticipated tender sum inclusive of capital, revenue and all other elements but excluding VAT.
Notwithstanding the foregoing, if the Premises are not tendered to Tenant by the Liquidated Damages Date, Tenant may offset from its Basic Rent obligations first accruing following the Commencement Date, liquidated damages equal to one day of Basic Rent per day for each day thereafter and ending on the day Landlord tenders possession of the Premises.