Common use of Damages for delay Clause in Contracts

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 16 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Damages for delay. xxx.xxxxxx.xxx Downloaded Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 12 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.5, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Maintenance Depot Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire Operator shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 6 contracts

Samples: Chapter Iv, Operation and Maintenance Agreement, Operation and Maintenance Agreement

Damages for delay. Downloaded from xxx.xxxxxx.xxx Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 5 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 4 contracts

Samples: Model Concession Agreement, Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.5, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 3 contracts

Samples: Draft Concession Agreement, Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the [91st day (ninety first) days] after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority MOR or due to Force Majeure, the Concessionaire shall pay Damages to the Authority MOR in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 3 contracts

Samples: Model Agreement, Model Agreement, Model Agreement

Damages for delay. Subject to the provisions of Clause 12.410.2, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire Implementation Agency shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 3 contracts

Samples: Draft Concession Agreement, Draft Concession Agreement, Draft Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after from the Scheduled Completion Four-Laning Date, unless the delay is on account of reasons solely attributable to the Authority MPRDC or due to Force Majeure, the Concessionaire shall pay Damages to the Authority MPRDC in a sum calculated at the rate of 0.1% (zero point one per centpercent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.6, if Final COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.10.1 % (zero point one per cent) of the amount of Performance Security for delay of each day until Final COD is achieved.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.411.4, if COD does not occur prior to the 91st 30th (thirtieth) day after the Scheduled Project Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.10.05% (zero point one zero five per cent) of the amount of Construction Performance Security for delay of each day until COD is achieved.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Two-Laning Plus Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security or the Performance Guarantee, as the case may be, for delay of each day until COD is achieved.

Appears in 2 contracts

Samples: Substitution Agreement, Stamp Paper

Damages for delay. Subject to the provisions of Clause 12.412.4 and 12.8, if COD for respective Phase does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD for respective Phase is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Two-Laning Date, unless the delay is on account of reasons solely attributable to the Authority Government or due to Force Majeure, the Concessionaire shall pay Damages to the Authority Government in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause Article 12.4, if COD does not occur prior to the 91st day after on the Scheduled Completion Date, Date unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Draft Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in 9 This provision may be suitably modified in case of a project where Xxx is being levied and collected prior to the Appointed Date. In such a case, clause 15.2 shall be omitted. a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Model Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Intermediate-laning/ Two-Laning Date, unless the delay is on account of reasons solely attributable to the Authority MPRDC or due to Force Majeure, the Concessionaire shall pay Damages to the Authority MPRDC in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Four- Laning Date, unless the delay is on account of reasons solely attributable to the Authority MPRDC or due to Force Majeure, the Concessionaire shall pay Damages to the Authority MPRDC in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Two-Laning Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. 15.2.1 Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Project Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

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Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Six-Laning Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Two-Laning Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.10.1 % (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st 30th (thirtieth) day after the Scheduled Project Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Escrow Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Four-Laning Date, unless the delay is on account of reasons solely attributable to the Authority Government or due to Force Majeure, the Concessionaire shall pay Damages to the Authority Government in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority Government or due to Force Majeure, the Concessionaire shall pay Damages to the Authority Government in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.6, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.10.1 % (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st 31st (thirty first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.10.5% (zero point one five per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Transmission Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.10.1 % (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Eight Laning Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Two- Laning Date, unless the delay is on account of reasons solely attributable to the Authority MPRDC or due to Force Majeure, the Concessionaire shall pay Damages to the Authority MPRDC in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Six-Laning Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day of delay until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if If COD does not occur prior to the 91st 61st (sixty first) day after the Scheduled Completion DateCOD, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved. Provided that if COD is delayed beyond 60 days after the Scheduled COD, the Authority shall, subject to the provisions of Article 29, be entitled to terminate this Agreement and to appropriate the Performance Security.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.4, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Concession Agreement

Damages for delay. Subject to the provisions of Clause 12.412.3, if COD does not occur prior to the 91st (ninety first) day after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessionaire shall pay Damages to the Authority in 9 This provision may be suitably modified in case of a project where Fee is being levied and collected prior to the Appointed Date. In such a case, clause 15.2 shall be omitted. a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.

Appears in 1 contract

Samples: Model Concession Agreement

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