Gran Tierra requested the holders of the units to waive the cash payment of the liquidated damages
and Gran Tierra agreed to reduce the exercise price of the warrants to $1.
The court is likely to uphold a liquidated damages
clause which it finds to be "reasonable" and not excessive.
The Internal Revenue Service claimed the liquidated damages
were not excludable under the personal injuries provision.
In Hunts Point, the project owner brought suit to collect liquidated damages
for its contractor's failure to meet contract-mandated dates for completing construction on two buildings.
Interest on late liquidated damages
The Dealer~s transport of the natural gas to him reasons directly attributable to fails to commence in date (s) specified in the contract, it can pay default liquidated damages
is obliged to.
The importance of liquidated damages
clauses are two-fold: They make the tenant think twice before breaching the lease or overstaying it, thus reducing the traffic in landlord-tenant court; and they allow the landlord an award of its full damages as it envisions them at the time of the writing of the lease.
These provisions, unfortunately sometimes referred to as "boilerplate," include remedies restrictions, liquidated damages
, warranty disclaimers and limitations on liability.
Bases resulting in zero valued payment certificates include a minimum sum to be due before payment is required and the ability to set-off accrued liquidated damages
against payments falling due resulting in the payment being extinguished.
EOS and NMT have worked closely together to resolve MRO telescope completion issues, but the potential for liquidated damages
to be applied against EOS by NMT had given rise to a specific note (Note 27(a)) relating to a contingent liability in EOS audited financial statements as at 31 December 2009.
Luminant sought liquidated damages
of $50 per megawatt hour for the megawatt hours the wind farms failed to deliver.
The bill also permits landlords to recover liquidated damages
or early termination fees if they are provided for in the rental agreement.
A well-drafted liquidated damages
clause can provide an employer with an added layer of protection in fighting to protect its customer base.
Arkansas Courts have ruled that where a construction contract is substantially performed within the time limit, delay in completion of minor details which does not cause material damage to the project will not subject the builder to liquidated damages
provisions in leases: Property owners and managers should focus their attention on risks associated with improperly drafted late fee provisions in their leases.
In addition to the back wages, the owners of JBL Cal Apparel, Louis and Raymond Wang, also must pay another $59,787 in liquidated damages