EXHIBIT A TO 22-REG01_1NH2043 - Liquidated Damages (2).pdf

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Lease of Office Space within Region 1. Request for Lease Proposals (RLP) #22-REG01 - OFFICE SPACE
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22-REG01_1NH2043
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EXHIBIT A TO 22-REG01_1NH2043 – “LIQUIDATED DAMAGES”

The following paragraph is hereby inserted into Section 4 of 22-REG01_AAAP LEASE

4.16 LIQUIDATED DAMAGES (JUN 2012)

In case of failure on the part of the Lessor to complete the work within the time fixed in the Lease, the Lessor shall pay the Government as fixed and agreed liquidated damages of one day’s rent for each and every calendar day that the delivery is delayed beyond the date specified for delivery of all the Space ready for occupancy by the Government. This remedy is not exclusive and is in addition to any other remedies which may be available under this Lease or at law. This liquidated sum is not meant as a penalty, but as an approximation of actual damages that would be suffered by the Government because of the Lessor’s delay.

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