Common use of Initial Liability Amount Clause in Contracts

Initial Liability Amount. The initial liability amount for the violations calculated on a per-day basis is as follows: Violation, Failing to File Annual Reports: $1,000/day x 81 days x 0.55 = $44,550 Step 4.

Initial Liability Amount. The initial liability amount for the violations calculated on a per-day basis is as follows: Violation, Failing Failure to File Annual Monitoring Reports: $1,000/day x 81 66 days x 0.55 = $44,550 36,300 Step 4.