Daily Delay Damages Extension definition

Daily Delay Damages Extension has the meaning set forth in Section 3.9(c)(ii)(B).
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Examples of Daily Delay Damages Extension in a sentence

  • Daily Delay Damages payments applicable to days included in any Daily Delay Damages Extension are nonrefundable and are in addition to, and not a part of, the Project Development Security; provided that Seller will be entitled to a refund (without interest) of any estimated Daily Delay Damages payments paid by Seller to Buyer which exceed the amount required to cover the number of days by which the Guaranteed Commercial Operation Date was actually extended.

  • Daily Delay Damages payments applicable to days included in any Daily Delay Damages Extension are nonrefundable and are in addition to, and not a part of, the Project Development Security or Term Security, as applicable; provided that Seller will be entitled to a refund (without interest) of any estimated Daily Delay Damages payments paid by Seller to Buyer which exceed the amount required to cover the number of days by which the Guaranteed Commercial Operation Date was actually extended.

Related to Daily Delay Damages Extension

  • Daily Delay Damages means with respect to a Guaranteed Project Milestone, an amount equal to (a) the Project Development Security Amount posted as of the first date that Daily Delay Damages are payable under this Agreement with respect to such Guaranteed Project Milestone, divided by (b) 120.

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Damages Accrual Period has the meaning set forth in Section 2(e) hereof.

  • Liquidated Damages Multiplier means the product of (a) the Purchased Share Price and (b) the number of Registrable Securities then held by the applicable Holder and to be included on the applicable Registration Statement.

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.