Common use of Damages for delay Clause in Contracts

Damages for delay. 12.2.1 If either Party is not able to achieve COD for respective Lot of Buses within 45 (forty five) days from the date of procurement or handover, as the case may be, of such Lot of Buses, such Party shall be entitled to a further period not exceeding [45 (forty five)] days, or any such period as may be decided by the Authority, subject to payment of Damages to the other non-defaulting Party at the rate of {Rs. 1000 (one thousand rupees)} per Bus for each day of delay; provided further that no Damages shall be payable if such delay in achieving COD for respective Lot of Buses, has occurred solely as a result of delay in achieving Readiness for Commencement of Bus Service due to Force Majeure or due to any act of the non-defaulting Party;

Damages for delay. 12.2.1 If either Party is not able to achieve COD for respective Lot of Buses within 45 (forty five) days from the date of procurement or handover, as the case may be, of such Lot of Buses, such Party shall be entitled to a further period not exceeding [45 (forty five)] days, or any such period as may be decided by the Authoritymutually decided, subject to payment of Damages to the other non-defaulting Party as liquidated damages at the rate of {Rs. 1000 (one thousand rupees)} per Bus 0.5% of Estimated Project Cost for each day week of delay; provided further that no Damages shall be payable if such delay in achieving COD for respective Lot of Buses, has occurred solely as a result of delay in achieving Readiness for Commencement of Bus Service due to Force Majeure or due to any act of the non-defaulting Party;

Damages for delay. 12.2.1 If either Party is not able to achieve COD for respective Lot of Buses within 45 (forty five) days from the date of procurement or handover, as the case may be, of such Lot of Buses, such Party shall be entitled to a further period not exceeding [45 (forty five)] days, or any such period as may be decided by the Authoritymutually decided, subject to payment of Damages to the other non-defaulting Party as liquidated damages at the rate of {Rs. 1000 (one thousand rupees)} per Bus 0.5% of Estimated Project Cost for each day week of delay; provided further that no Damages shall be payable if such delay in achieving COD for respective Lot of Buses, has occurred solely as a result of delay in achieving Readiness for Commencement of Bus Service due to Force Majeure or due to any act of the non-non- defaulting Party;

Damages for delay. 12.2.1 If either Party is not able to achieve COD for respective Lot of Buses within 45 (forty five) days from the date of procurement or handover, as the case may be, of such Lot of Buses, such Party shall be entitled to a further period not exceeding [45 (forty five)] days, or any such period as may be decided by the Authority, subject to payment of Damages to the other non-defaulting Party at the rate of {Rs. 1000 (one thousand rupees)} per Bus for each day of delay; provided further that no Damages shall be payable if such delay in achieving COD for respective Lot of Buses, has occurred solely as a result of delay in achieving Readiness for Commencement of Bus Service due to Force Majeure or due to any act of the non-non- defaulting Party;

Damages for delay. 12.2.1 If either Party is not able to achieve COD for respective Lot of Buses within 45 (forty five) days from the date of procurement or handover, as the case may be, of such Lot of Buses, such Party shall be entitled to a further period not exceeding [45 (forty five)] days, or any such period as may be mutually decided by the Authority, subject to payment of Damages to the other non-defaulting Party as liquidated damages at the rate of {Rs. 1000 (one thousand rupees)} per Bus 0.5% of Estimated Project Cost for each day week of delay; provided further that no Damages shall be payable if such delay in achieving COD for respective Lot of Buses, has occurred solely as a result of delay in achieving Readiness for Commencement of Bus Service due to Force Majeure or due to any act of the non-non- defaulting Party;