Termination Damages definition

Termination Damages. Liquidated damages calculated in accordance with Article 16 (Damages in the Event of Termination by Company) of this Agreement.
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Termination Damages is defined in subsection 23.2 of this Agreement.
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Termination Damages. Shall have the meaning set forth in Section 15.4 (Rights of the Non-Defaulting Party; Forward Contract) and shall be calculated in accordance with Article 16 (Damages in the Event of Termination by Company) of this Agreement.
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Examples of Termination Damages in a sentence

  • Each Party agrees and acknowledges that the damages that Utility would incur due to Seller’s Event of Default would be difficult or impossible to predict with certainty, it is impractical and difficult to assess actual damages in the circumstances stated, and therefore the Termination Damages as agreed to in this Section 11.5 are a fair and reasonable calculation of such damages.

  • Termination Damages are due by Seller within thirty (30) days after receipt of the written statement of Termination Damages from Utility.

  • Notwithstanding the foregoing, Termination Damages for the twenty-four- (24) month term may not exceed the aggregate amount Utility would have incurred to purchase Seller’s Net Output and Environmental Attributes had the Agreement not been terminated.

  • Utility will provide to Seller a written statement explaining in reasonable detail the calculation of Termination Damages.


More Definitions of Termination Damages

Termination Damages means liquidated damages calculated in accordance with Section 6.5 (Calculation of Termination Damages).
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Termination Damages has the meaning ascribed thereto in Section 14.2(a).
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Termination Damages means AA-Termination Damages, AD-Termination Damages or PIC-Termination Damages.
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Termination Damages is defined in Section 11.5.
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Termination Damages has the meaning given it in subsection 17.3.
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Termination Damages means the obligation of a Predecessor Company to issue to the other parties hereto shares of capital stock or Membership Interests in such Predecessor Company which, following such issuance, shall represent 20% of the issued and outstanding shares of capital stock or Membership Interests in such Predecessor Company calculated on a fully diluted basis. SECTION 21.2
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Termination Damages means the following damages with respect to each Party, subject to the $6 million limitation set forth in Paragraph 19(c):
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