Common use of Damages for delay by the Authority Clause in Contracts

Damages for delay by the Authority. In the event that: (i) the Authority does not procure fulfilment or waiver of the Condition Precedent set forth in Article 4.1.2 within the period specified in respect thereof; and (ii) the delay has not occurred as a result of breach of this Agreement by the Concessionaire or due to Force Majeure Event, the Authority shall pay Damages to the Concessionaire of an amount calculated at the rate of [0.1% (zero point one per cent)] of the Performance Security for each day’s delay until the fulfilment of such Conditions Precedent, subject to a maximum amount equal to the Bid Security.

Damages for delay by the Authority. In the event that: that (i) the Authority does not procure fulfilment or waiver of any or all of the Condition Conditions Precedent set forth in Article Clause 4.1.2 within the period specified in respect thereof; , and (ii) the delay has not occurred as a result of breach of this Agreement by the Concessionaire or due to Force Majeure EventMajeure, the Authority shall pay Damages to the Concessionaire of Damages in an amount calculated at the rate of [0.10.2% (zero point one per cent)] two percent) of the Performance Security for each day’s delay until the fulfilment of such Conditions Precedent, subject to a maximum amount equal to the Bid Security.

Damages for delay by the Authority. In the event that: that (i) the Authority does not procure fulfilment fulfillment of any or waiver all of the Condition Conditions Precedent set forth in Article Clause 4.1.2 within the period specified in respect thereof; , and (ii) the delay has not occurred as a result of breach of this Concession Agreement by the Concessionaire or due to Force Majeure EventMajeure, the Authority shall pay Damages to the Concessionaire of Damages in an amount calculated at the rate of [0.10.05% (zero point one zero five per cent)] ) of the Performance Security for each day’s delay until the fulfilment fulfillment of such Conditions Precedent, subject to a maximum amount equal to the Bid Security.