Collection of Liquidated Damages Sample Clauses

The Collection of Liquidated Damages clause outlines the process by which a party may recover predetermined monetary amounts from another party in the event of specific contract breaches, such as delays or non-performance. Typically, this clause specifies the conditions under which liquidated damages become due, the method of calculation, and the procedures for payment or deduction from amounts otherwise owed. Its core practical function is to provide a clear, enforceable mechanism for compensating losses without the need for lengthy litigation, thereby ensuring predictability and efficiency in resolving breaches.
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Collection of Liquidated Damages. The Owner may recover liquidated damages by deducting the amount thereof from any moneys due or that might become due the Contractor, and if such moneys shall be insufficient to cover the liquidated damages, then the Contractor or the Surety shall pay to the Owner the amount due.
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Collection of Liquidated Damages. The amount of liquidated damages shall be deducted from money due or which may become due to SRT, or collect the same from any securities or warranties posted by SRT, whichever is convenient to MTPO. Should the total sum of liquidated damages exceed fifteen (15%) percent of the total MEMORANDUM OF AGREEMENT price, MTPO shall automatically terminate this MEMORANDUM OF AGREEMENT and impose sanctions against SRT over and above the liquidated damages.
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Collection of Liquidated Damages. The collection of liquidated damages by the Grantor shall in no respect affect: (1) Compensation owed to Subscribers; or (2) The Grantee's obligation to comply with all of the provisions of this Agreement or applicable law; or (3) Equitable remedies available to the Grantor, provided that collection of liquidated damages shall be the exclusive monetary remedy for the particular incident for which it is imposed other than reasonable attorney fees and costs if applicable.
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Collection of Liquidated Damages. The collection of liquidated damages by the Grantor shall in no respect affect: (1) Compensation owed to Subscribers; or
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Collection of Liquidated Damages. If the RECEIVER/TRUSTEE concludes that Operator is liable for Liquidated Damages pursuant to this Agreement, the RECEIVER/TRUSTEE shall issue to the Operator by registered or certified mail a Notice of Intention to Assess Liquidated Damages. The Notice of Intention to Assess shall set forth the basis of the assessment and shall inform the Operator that Liquidated Damages will be assessed from the date of the Notice of Intention to Assess. The Operator shall include the assessed Liquidated Damages in the Operator’s invoice of the Operating Fee to RECEIVER/TRUSTEE for the Invoicing Period as a credit against the Operating Fee and shall pay any balance due with the invoice if the Liquidated Damages exceed the amount due the Operator for the Invoicing Period. Each Day an event for which Liquidated Damages may be assessed is considered a separate action.
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Related to Collection of 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.

  • Notice of Liquidated Damages System Agency will formally notify Grantee in writing when liquidated damages action is imposed, stating the nature of the action, the reasons for imposing, and the method of appealing. Grantee must submit a written appeal, within ten (10) calendar days of receipt of the notice, to the SUD email box, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇.▇▇.

  • Withholding for unpaid wages and liquidated damages The FHWA or the contacting agency shall upon its own action or upon written request of an authorized representative of the Department of Labor withhold or cause to be withheld, from any moneys payable on account of work performed by the contractor or subcontractor under any such contract or any other Federal contract with the same prime contractor, or any other federally-assisted contract subject to the Contract Work Hours and Safety Standards Act, which is held by the same prime contractor, such sums as may be determined to be necessary to satisfy any liabilities of such contractor or subcontractor for unpaid wages and liquidated damages as provided in the clause set forth in paragraph (2.) of this section.

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

  • Liquidated Damages The Company’s obligations to pay any partial liquidated damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial liquidated damages or other amounts are due and payable shall have been canceled.