Examples of Termination Damages in a sentence
Each Party agrees and acknowledges that the damages that Utility would incur due to Seller’s Event of Default would be difficult or impossible to predict with certainty, it is impractical and difficult to assess actual damages in the circumstances stated, and therefore the Termination Damages as agreed to in this Section 11.5 are a fair and reasonable calculation of such damages.
Termination Damages are due by Seller within thirty (30) days after receipt of the written statement of Termination Damages from Utility.
Notwithstanding the foregoing, Termination Damages for the twenty-four- (24) month term may not exceed the aggregate amount Utility would have incurred to purchase Seller’s Net Output and Environmental Attributes had the Agreement not been terminated.
Utility will provide to Seller a written statement explaining in reasonable detail the calculation of Termination Damages.