Calculation and Payment of Delay Liquidated Damages Clause Samples

Calculation and Payment of Delay Liquidated Damages. 14.3.1 The Concessionaire shall be liable to pay the following Delay Liquidated Damages to the Grantor in accordance with Article 14.2: (a) ten thousand US Dollars (USD 10,000) per day of delay from day one (1) to the earlier to occur of: (i) the date on which the Service Commencement Date is achieved and (ii) day sixty (60) from the Scheduled Service Commencement Date; (b) twenty-five thousand US Dollars (USD 25,000) per day of delay from day sixty-one
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Calculation and Payment of Delay Liquidated Damages. 14.3.1 The Concessionaire shall be liable to pay the following Delay Liquidated Damages to the Grantor in accordance with Article 14.2: (a) Fifty thousand US Dollars (USD 50,000) per day of delay from day one (1) to day sixty (60) from the Scheduled Service Commencement Date; (b) One hundred thousand US Dollars (USD 100,000) per day of delay from day sixty- one (61) to day one hundred twenty (120) from the Scheduled Service Commencement Date; and (c) Two hundred thousand US Dollars (USD 200,000) per day of delay from day one hundred twenty-one (121) to day one hundred eighty (180) from the Scheduled Service Commencement Date. 14.3.2 Delay Liquidated Damages shall be paid within fifteen (15) Business Days of receipt of the written request by the Grantor, failing which the Grantor shall have the right to call the corresponding amount under the Construction Security.
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Related to Calculation and Payment of Delay Liquidated Damages

  • Payment of Liquidated Damages If you supply all or some of your milk to a third party during a Month you must, if required by DFMC, immediately pay to DFMC liquidated damages for that Month calculated as follows: $X = W cents x (Y – Z) Where: $X is the amount payable by you to DFMC for the relevant Month. If $X is a negative amount, no amount is payable by you. Y is the average monthly litres you have supplied to DFMC based on the 12 months immediately preceding the relevant Month (or in the event you have not supplied DFMC for 12 months, the average monthly litres you have supplied to DFMC during the period you have supplied DFMC). Z is the number of litres supplied to DFMC by you for the relevant Month.

  • Delay Liquidated Damages Delay Liquidated Damages has the meaning set out in GC 7.6.1.

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be. (b) Interest on the outstanding principal amount from time to time of each LIBOR Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 360. (c) Accrued interest shall be paid, (i) in the case of interest on Prime Rate Loans and Base Rate Canada Loans, in arrears monthly on the 22nd day of each calendar month; and (ii) in the case of interest on LIBOR Loans, on the last day of the applicable Interest Period; provided that, in the case of Interest Periods of a duration longer than three months, accrued interest shall be paid no less frequently than every three months from the first day of such Interest Period during the term of such Interest Period and on the date on which such LIBOR Loans are otherwise required to be repaid.

  • Amount and Payment of Special Interest Any Special Interest that accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Special Interest, together with any Additional Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note.

  • Computation and Payment of Fee The advisory fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the annual advisory fee rate, and multiplying this product by the Managed Assets of the Fund, determined in the manner established by the Directors, as of the close of business on the last preceding business day on which the Fund's net asset value was determined.