Examples of Damages in a sentence
If the Contractor fails to complete or correct the work listed on the comprehensive list of deficiencies (“Punch-List”) within the specified time for performance, the Contractor does hereby agree to pay the Owner $N/A as Liquidated Damages for each calendar day that the completion or correction of the work extends beyond the 45 days for performance allowed from the date the Contractor receives the Punch List of deficiencies from the Architect and/or his/her consultants and/or the Owner.
Liquidated Damages may be assessed to Contractor at NMSU’s discretion at per day, for days beyond time agreed upon for Substantial Completion.
If the Contractor should neglect, fail, or refuse to complete the work within the specified Contract time, that has been extended by the Owner, then the Contractor does hereby agree, as a part of the consideration for receiving the award of this Contract, to pay to the Owner, not as a penalty, but as Liquidated Damages, the amount of money specified in the Contract (Section 00100 – Instruction to Bidders and Bid Form (PUR-F523) per day.
Contractor must agree that Owner may retain from the monies due the Contractor N/A Dollars ($N/A) per day (Liquidated Damages) as a direct result of the Contractor’s delay or for not completing the project in the required time allowance plus approved time extensions.
Damages Landlord “may recover” include the worth at the time of the award of the amount by which the unpaid rent for the balance of the term after the time of award, or for any shorter period of time specified in the Lease Agreement, exceeds the amount of such rental loss for the same period that the Resident proves could be reasonably avoided.