Examples of Liquidated Damages Period in a sentence
Such payment shall be in full and final settlement of the Supplier’s financial liability for any loss or damage incurred by the Customer during the Liquidated Damages Period, and if the Equipment has not been delivered by the end of the Liquidated Damages Period, the Customer shall be entitled to claim any remedy available to it for loss or damage incurred by it thereafter.
Such payment shall be in full and final settlement of the Supplier’s financial liability for any loss or damage incurred by the Customer during the Liquidated Damages Period, and if the Acceptance Procedures have not been recorded as successful by the end of the Liquidated Damages Period, the Customer shall be entitled to claim any remedy available to it for loss or damage incurred by it thereafter.
Such payment shall be in full and final settlement of the CONTRACTOR’s financial liability for any loss or damage incurred by the CUSTOMER during the Liquidated Damages Period; and if: any milestone or deliverable has not been met; and/or the Acceptance Procedures have not been recorded as successful, by the end of the Liquidated Damages Period, the CUSTOMER shall be entitled to claim any remedy available to it for loss or damage incurred by it thereafter.
Such payment shall be in full and final settlement of the SERVICE PROVIDER’s financial liability for any loss or damage incurred by the CUSTOMER during the Liquidated Damages Period; and if the Acceptance Procedures have not been recorded as successful by the end of the Liquidated Damages Period, the CUSTOMER shall be entitled to claim any remedy available to it for loss or damage incurred by it thereafter.
The Parties agree that the Liquidated Damages shall represent Buyer’s sole remedy for delay during the Liquidated Damages Period and that the Liquidated Damages do not reflect Buyer’s loss for any period of delay beyond the expiry of the Liquidated Damages Period which shall be recoverable, subject to Section 11, as general damages.