Commercial Operation Delay Damages definition

Commercial Operation Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) sixty (60).
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Commercial Operation Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) ninety (90).
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Commercial Operation Delay Damages has the meaning set forth in Section 1.1 of the
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Examples of Commercial Operation Delay Damages in a sentence

  • On or before the tenth (10th) day of each month, Buyer shall invoice Seller for Commercial Operation Delay Damages, if any, accrued during the prior month.

  • The Contract consists of the Request for Proposals, including all Addenda, Vendor’s Proposal that is satisfactory to the District, notice of contract award and the service agreement.

  • If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereof.

  • If Seller fails to timely pay any Daily Delay Damages or Commercial Operation Delay Damages, Buyer may draw upon the Development Security to satisfy Seller’s payment obligation thereof, and Seller shall replenish the Development Security to its full amount within five (5) Business Days after such draw.

  • Capacity Damages shall not be offset or reduced by the payment of Development Security, Performance Security, Daily Delay Damages, Commercial Operation Delay Damages, or any other form of liquidated damages under this Agreement.


More Definitions of Commercial Operation Delay Damages

Commercial Operation Delay Damages or “COD Delay Damages” means an amount equal to [$x/day] that is the result of (a) the Development Security amount required hereunder, divided by (b) sixty (60).
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Commercial Operation Delay Damages means an amount equal to
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Commercial Operation Delay Damages or “COD Delay Damages” means an amount equal to (a) the Development Security amount required hereunder, divided by (b) sixty (60).
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Commercial Operation Delay Damages means an amount for each day of delay equal to the Development Security
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Commercial Operation Delay Damages means a daily amount equal to (a) the Development Security amount required hereunder, divided by (b) one hundred eighty (180).
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Commercial Operation Delay Damages means an amount equal to “Compliance Actions” has the meaning set forth in Section 3.14.
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Commercial Operation Delay Damages means an amount equal to (a) the Development Security amount required hereunder, divided by (b) sixty (60). 6 Applicable if the Facility includes a Storage Facility. 7 Applicable if the Facility includes a Storage Facility.
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