Other Liquidated Sample Clauses

The 'Other Liquidated' clause establishes predetermined amounts of damages that are to be paid in specific situations not covered by standard liquidated damages provisions. Typically, this clause applies to breaches or failures that are unique or ancillary to the main contract obligations, such as delays in providing certain documents or failing to meet minor milestones. By specifying these amounts in advance, the clause provides certainty for both parties and avoids disputes over the calculation of damages, thereby streamlining the resolution process and allocating risk efficiently.
Other Liquidated. Damages for the Term shall be as follows: In the case of inadequate safety measures, poor housekeeping practices and low quality of Works during the Construction Period, the following provisions for damages shall apply: Sr. No Description Liquidated Damages (in Rs.) (Without any Maximum Limit) 1 Absence of Project Manager, Project Engineer, Sr. Civil Engineer, Structural Engineer, MEPF Engineer, per day Up to Rs. 2000/- per day 2 Non-Rectification/compliance of safety and Quality observations raised by the Authority and Authority representative in scheduled time Upto INR 2000 per instance per day 3 Absence of all manpower other than mentioned in Sr. 1, per day Up to Rs 1000/- per day 4 Improper Uniform/ Card Up to Rs.200 per instance per worker per day 5 Non submission of reports (Weekly, monthly or as scheduled) Upto INR 2000 per instance per day 6 Improper housekeeping, cleaning, unhygienic conditions at site / labour colony/ or any other space provided to CMA Upto INR 2000 per instance 7 Delay in obtaining and maintaining the statutory approvals, licenses, insurance Statutory penalty + Upto INR 20,000 per day per approval/ license/insurance 8 Delay in submission of Programme Schedule Upto INR 10,000 per day 9 Non removal of Garbage from the site Upto Rs. 2,000/- per instance 10 Non-deployment of Machinery / Lab Testing Equipment in full working condition. 0-3 Days: NIL 4-7 Days: Up to Rs.1,000 per equipment per day 7-14 Days: Up to Rs.5,000 per equipment per day Then after: Up to Rs.10,000 per equipment per day 11 Unsafe Construction and violation of Safety Standards Up to Rs. 2000/- per instance Note: All Liquidated Damages’ amounts, mentioned above or in the Agreement, are at the sole discretion of the Authority and are exclusive of applicable taxes.
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Related to Other Liquidated

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  • Cash Liquidation 7 Certificate...................................................................7

  • Dissolution or Liquidation To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company.

  • Termination and Liquidation 4.1 If, at any time: (i) a Party fails to make any payment when due under or to make or take delivery of any property when due under, or to observe or perform any other provision of, this agreement (including any Transaction governed by these terms) and such failure continues for two business days after notice of non-performance has been given by the other Party to the defaulting Party; (ii) a Party commences a voluntary case or other procedure seeking or proposing liquidation, reorganisation, an arrangement or composition, a freeze or moratorium, or other similar relief with respect to itself or to its debts under any bankruptcy, insolvency, regulatory, supervisory or similar law (including any corporate or other law with potential application to an insolvent Party), or seeking the appointment of a trustee, receiver, liquidator, conservator, administrator, custodian, examiner or other similar official (each a "Custodian") of it or any part of its assets; or takes any corporate action to authorise any of the foregoing; and, in the case of a reorganisation, arrangement or composition, the other Party does not consent to the proposals; (iii) an involuntary case or other procedure is commenced against a Party seeking or proposing liquidation, reorganisation, an arrangement or composition, a freeze or moratorium, or other similar relief with respect to it or its debts under any bankruptcy, insolvency, regulatory, supervisory or similar law (including any corporate or other law with potential application to an insolvent Party) or seeking the appointment of a Custodian of it or any part of its assets and such involuntary case or other procedure either (a) has not been dismissed within five days of its institution or presentation or (b) has been dismissed within such period but solely on the grounds of an insufficiency of assets to cover the costs of such case or other procedure; (iv) a Party dies, become of unsound mind, is unable to pay its debts as they fall due or is bankrupt or insolvent, as defined under any bankruptcy or insolvency law applicable to such Party; or indebtedness of a Party is not paid on the due date therefor or becomes, or becomes capable at any time of being declared, due and payable under agreements or instruments evidencing such indebtedness before it would otherwise have been due and payable, or proceedings are commenced for any execution, any attachment or garnishment, or any distress against, or an encumbrancer takes possession of, the whole or any part of the property, undertaking or assets (tangible and intangible) of a Party; (v) a Party or any Credit Support Provider in relation to a Party (or any Custodian acting on behalf of a Party or any Credit Support Provider in relation to a Party) disaffirms, disclaims or repudiates any obligation under this agreement (including any Transaction governed by these terms) or any Credit Support Document; (vi) any representation or warranty made or deemed made by a Party pursuant to this agreement or pursuant to any Credit Support Document proves to have been false or misleading in any material respect as at the time it was made or given;

  • Winding Up and Liquidation (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in Section 6.2(c), in winding up the Company and liquidating the assets thereof, the Managers, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof. (b) Upon the dissolution of the Company the assets, if any, of the Company available for distribution and any net proceeds from the liquidation of any such assets, shall be applied and distributed in the following manner or order, to the extent available: (i) To the payment of or provision for all debts, liabilities, and obligations of the Company to any person, and the expenses of liquidation; and (ii) to the Member in accordance with its Interest. (c) Upon dissolution, a reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to minimize the losses normally attendant to a liquidation.