Contractual Damages definition

Contractual Damages means damages or penalties, whether liquidated or otherwise, due or payable to the Issuer by the Project Participants pursuant to the terms of the Project Documents and shall include any termination payments, buyout payments, forfeiture by the Issuer of any advance/booking amount paid by any Project Participant.
Contractual Damages. Any amount owed according to the provisions of the Ceding Company’s Policy.

Examples of Contractual Damages in a sentence

  • Item No. 7 – Contractual Damages The Insurance under this item is limited to fines and/or damages for breach of contract and the amount payable hereunder shall be such sum or sums as the Insured shall be legally liable to pay in discharge of fines and/or damages incurred in consequence of the non-completion or late completion of orders, the inability to meet contract specifications or cancellation or orders.

  • Meanwhile, employee innovation refers to the company's ability to provide high-level skills to employees to maximise the company's assets and assignments given (Habidin et al., 2015).

  • Selden & Zach Wolfe, Insurance Litigation, including Bad Faith and Extra Contractual Damages, 23-26., State Bar of Texas, 32nd Annual Advanced Civil Trial Law Course (2009).

  • You agree to comply with University instructions and policies relating to software security and to implement all new updates to equipment as soon as you are requested to do so.

  • First Liberty Has Already Paid the Required Contractual Damages Even if the amounts claimed in the 2018 CRN are contractual, Forthuber’s claim fails.

  • These payments ξ(y) may reflect actual collections by the government lender as well as any financial costs of earnings verification imposed on borrowers.

  • Failure to provide such a comparable replacement vehicle will subject the Contractor to the Contractual Damages Liability provisions set forth herein.

  • If the CFPB concludes that a regulated entity has violated UDAAP or that its compli- ance program is inadequate, it may issue a “Matter Requiring Attention.” Supervision and Examination Manual, Examinations and Targeted Reviews Section at 17 (revised Feb.

  • Ewan McKendrick and Martin Graham "The Sky's the Limit: Contractual Damages for Non-Pecuniary Loss: Farley v Skinner" (2002) LMCLQ 161, 163.

  • Same Hellner: The Limits of Contractual Damages in the Scandinavian Law of Sales.

Related to Contractual Damages

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • BREACH OF CONTRACTUAL OBLIGATION means amongst others also the following:

  • Direct Damage has the meaning given to it in clause 26.2;

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Damages means any loss, claim, damage, liability, costs and expenses (including, without limitation, reasonable attorney's fees and disbursements and costs and expenses of expert witnesses and investigation).

  • Compensatory Damages are those amounts awarded to compensate for the actual damages sustained, and are not awarded as a penalty, nor fixed in amount by statute.

  • Material Damage and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

  • Noneconomic damages ’ means damages for phys-

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Compensable injury means an injury by accident arising out of and in the course of hazardous employment which must be established by medical evidence supported by objective medical findings.

  • Cover Damages means, with respect to any Delivery Shortfall, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 and the Cover Sheet, multiplied by the quantity of that Delivery Shortfall, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Physical Damage means any tangible injury to a Property, whether caused by accident, natural occurrence, or any other reason, including damage caused by defects in construction, land subsidence, earth movement or slippage, fire, flood, earthquake, riot, vandalism or any Environmental Condition.

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.