Common use of Liquidated Damages for Delay in reaching Practical Completion Clause in Contracts

Liquidated Damages for Delay in reaching Practical Completion. 10.2.1 If the Supplier fails to reach Practical Completion by the Date for Practical Completion, the Supplier will be indebted to TransGrid for liquidated damages at the rate stated in Schedule 3 for every Day after the Date for Practical Completion, including the Date for Practical Completion, until the date of Practical Completion or the Contract is terminated, whichever first occurs. 10.2.2 If, after the Supplier has paid or TransGrid has deducted liquidated damages, the time for Practical Completion is extended, TransGrid will repay to the Supplier any liquidated damages paid or deducted in respect of the period up to and including the new Date for Practical Completion.

Liquidated Damages for Delay in reaching Practical Completion. 10.2.1 If the Supplier fails to reach Practical Completion by the Date for Practical Completion, the Supplier will be indebted to TransGrid for liquidated damages at the rate stated in Schedule 3 for every Day day after the Date for Practical Completion, including the Date for Practical Completion, until Completion or the date of Practical Completion or the Contract is terminated, whichever first occurs. 10.2.2 If, after the Supplier has paid or TransGrid has deducted liquidated damages, the time for Practical Completion is extended, TransGrid will repay to the Supplier any liquidated damages paid or deducted in respect of the period up to and including the new Date for Practical Completion.

Liquidated Damages for Delay in reaching Practical Completion. 10.2.1 8.3.1 If the Supplier fails to reach Practical Completion by the Date for Practical Completion, the Supplier will be indebted to TransGrid for liquidated damages at the rate stated in Schedule 3 for every Day day after the Date for Practical Completion, including the Date for Practical Completion, until Completion or the date of Practical Completion or the Contract is terminated, whichever first occurs. 10.2.2 8.3.2 If, after the Supplier has paid or TransGrid has deducted liquidated damages, the time for Practical Completion is extended, TransGrid will repay to the Supplier any liquidated damages paid or deducted in respect of the period up to and including the new Date for Practical Completion.