Common use of Compensation for default by the Concessionaire Clause in Contracts

Compensation for default by the Concessionaire. In the event of the Concessionaire being in material default or breach of this Agreement, it shall pay to the MPRDC by way of compensation all direct costs suffered or incurred by the MPRDC as a consequence of such material default, within 30 days of receipt of the demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Clause 35.1 for any breach or default in respect of which Damages are expressly specified and payable under this Agreement.

Compensation for default by the Concessionaire. In the event of the Concessionaire being in material default or breach of this Agreement, it shall pay to the MPRDC by way of compensation all direct costs suffered or incurred by the MPRDC as a consequence of such material default, within 30 days of receipt of the such demand supported by necessary particulars thereof; provided that no compensation shall be payable under this Clause 35.1 for any breach or default in respect of which Damages are expressly specified and payable under this Agreement.