Common use of Delay in Development Clause in Contracts

Delay in Development. If the Operator fails to comply with Clause 12.1 for reasons other than those set out in Clause 12.2, the Operator shall pay to the Authority the Liquidated Damages for such delay (which sum shall be the only monies due from the Operator for such delay) for every day which shall elapse between the relevant Time for Completion and the date stated in the relevant Performance Certificate, provided that the total of all Liquidated Damages payable by the Operator pursuant to this Clause 13.1 shall not exceed the total maximum sum of [ ]7 If the delay exceeds 12 (twelve) months, then the Authority shall be entitled to Terminate this Agreement in accordance with the provisions of Clause 29.

Delay in Development. ‌ 13.1 If the Operator fails to comply with Clause 12.1 for reasons other than those set out in Clause 12.2, the Operator shall pay to the Implementing Authority the Liquidated Damages for such delay (which sum shall be the only monies due from the Operator for such delay) for every day which shall elapse between the relevant Time for Completion and the date stated in the relevant Performance Certificate, provided that the total of all Liquidated Damages payable by the Operator pursuant to this Clause 13.1 shall not exceed the total maximum sum of [ ]7 10. 13.2 If the delay exceeds 12 (twelve) months, then the Implementing Authority shall be entitled to Terminate this Agreement in accordance with the provisions of Clause 2922.