Common use of Default Damages Clause in Contracts

Default Damages. Subject to Section 7.3(e), the Defaulting Party shall pay Default Damages on or before three (3) Business Days after receipt of an invoice therefor. The invoice shall include a written statement explaining in reasonable detail the calculation of such amount. Neither Party will be liable for Default Damages if this Agreement is terminated by a Governmental Authority.

Appears in 39 contracts

Sources: Supply Agreement, Supply Agreement, Supply Agreement

Default Damages. Subject to Section 7.3(e5.3(e), the Defaulting Party shall pay Default Damages on or before three (3) Business Days after receipt of an invoice therefor. The invoice shall include a written statement explaining in reasonable detail the calculation of such amount. Neither Party will be liable for Default Damages if this Agreement is terminated by a Governmental Authority.

Appears in 29 contracts

Sources: Supply Agreement, Master Standard Service Offer Supply Agreement, Supply Agreement

Default Damages. Subject to Section 7.3(e5.3(e), the Defaulting Party shall pay Default Damages on or before three (3) Business Days after receipt of an invoice therefortherefore. The invoice shall include a written statement explaining in reasonable detail the calculation of such amount. Neither Party will be liable for Default Damages if this Agreement is terminated by a Governmental Authority.

Appears in 1 contract

Sources: Master Standard Service Offer Supply Agreement