Delay in Development. 13.1 If the Private party fails to comply with Clause 12.1 for reasons other than those set out in Clause12.2, the Private party shall pay to the Contracting Authority the Liquidated Damages for such delay (which sum shall be the only monies due from the Private party 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 Private party pursuant to this Clause 13.1 shall not exceed the amount of performance security []7. 13.2 If the Private party delays by the number of days for which the maximum amount of liquidated damages can be deducted, the Contracting Authority shall be entitled to terminate this Agreement in accordance with the provisions of Clause22.
Appears in 2 contracts
Sources: Public Private Partnership Agreement, Public Private Partnership Agreement