CONTRACT PENALTIES Sample Clauses

A contract penalties clause establishes specific financial consequences for a party's failure to fulfill contractual obligations. Typically, this clause outlines predetermined amounts or formulas for penalties that apply if deadlines are missed, deliverables are not met, or other breaches occur. By clearly defining the repercussions of non-compliance, the clause serves to deter breaches and provides a straightforward mechanism for compensating the non-breaching party, thereby promoting accountability and reducing disputes over damages.
CONTRACT PENALTIES. Based on Articles 53 of the LAASSP, 95 and 96 of the Regulations of the LAASSP, such as sections 127 and 128 of the Policies, Rules and Guidelines on Matters of Acquisitions, Leases and Services which applies now to THE SECRETARIAT, if PROVIDER should delay in the schedule ofthe work scope, the following will apply: Received by NSD/FARA Registration Unit 05/03/2018 6:21:41 PM Received by NSD/FARA Registration Unit 05/03/2018 6:21:41 PM In case THE PROVIDER delays in the schedule of the work scope of this Agreement, there will be a penalty in the amount of 1% (one percent) per calendar day of delay. If there is a determination that services are not being provided in a timely manner, which shall be determined based on the services not timely provided, penalties should not exceed the amount of the contract guarantee, nor exceed 10 (ten) calendar days, once these have occurred. THE SECRETARIAT may initiate a procedure to administratively rescind the contract, which will make effective compliance with the guarantee. The penalty payments must be on behalf of the Federation Treasury through the instrument indicated by this institution. Payment of conventional penalties will be made in the forms provided on the Internet page ▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇.
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CONTRACT PENALTIES. Should the ASP fail to meet its obligations pursuant to paragraph 5 for the provision of control power, a contract penalty shall in general be due corresponding to the product of a penalty factor and the remuneration for the control power to be provided by the ASP as well as the volume of unavailable control power. The unavailable control power must be determined in this regard according to the concept of availability of control and shall refer to the total unavailable control power during the tender period. In the event of an outage of a generating unit that is not the fault of the ASP, no contract penalty shall be due if the availability of control (the time availability weighted with the available control power) amounts to at least 99.9% during the tender period. If the availability of control undershoots this value, only that portion shall be penalised which undershoots this value and the penalty factor shall be three (3). The outage of generating units that is not the fault of the ASP must be demonstrated by the ASP of its own accord with suitable documents (operating logs, etc.). In all other cases, the penalty factor shall be set to a value of ten (10) and a contract penalty shall be due as soon as the availability of control undershoots the value of 100%. Any contract penalty to be paid by the ASP to Swissgrid shall be limited in individual cases to twice the total remuneration contractually agreed for the provision of control power for the corresponding month under this Framework Agreement. Payment of the contract penalty shall not constitute a release from the obligation to observance of the rest of the Framework Agreement. The ASP shall be obliged to restore the lawful condition. Any claims to damages shall be unaffected by the provision agreed here. Swissgrid shall inform the ASP affected of the identified infringement of the availability requirements and the resulting contract penalties and grant them a ten-day period for objections. In cases of force majeure and official orders, the contractual parties shall be exempted from their respective obligations according to the situation (nature and duration of the impediment). In these cases, no contract penalty shall be due on account of the non-availability of the control power to be provided by an ASP.
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CONTRACT PENALTIES. Where an Employee is found to be directly responsible for a penalty being imposed on the Employer because of the non-compliance with the terms and conditions of a subsidised contract, the Employee will be required to reimburse the Employer to the extent of the penalty incurred, up to a maximum of R200.00 per incident. Such reimbursement shall be deducted from the basic wage of the Employee.
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CONTRACT PENALTIES. The Council will determine that the Contractor has not met the required service delivery of any contract if a Contractor accumulates or is awarded 100 points and the contract will be terminated. The said Contractor will be excluded from entering a bid when the contract is re- tendered Points will remain in force for the duration of 1 year from the date the points were awarded. In the event of points to the value of 50 being awarded the Contractor must correct the faults within 2 working days or find a replacement vehicle at no additional cost to the Council.
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CONTRACT PENALTIES. Contract Penalties. Operator acknowledges its obligation to provide the public and air travelers with the level and quality of service as described herein and its desire to comply with its obligations under this Concession Agreement. Therefore, Authority has set forth a series of specified liquidated damages in Exhibit E hereto (the “Contract Penalties”) for various violations of this Concession Agreement. The parties hereto agree that the Contract Penalties set forth herein are reasonable, and Operator agrees to pay Authority such Contract Penalties at the rates or in the specified amounts upon the occurrence of the violations indicated upon the demand of Authority. Operator further acknowledges and agrees that the assessment and demand by Authority, and payment by Operator, of any such Contract Penalties do not waive, limit, or otherwise affect any rights or remedies of Authority as may be available under this Concession Agreement including, without limitations, actual damages.
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CONTRACT PENALTIES. We will reimburse you for penalties you are required to pay due to your failure to provide your product or service pursuant to a written contract. Your failure to provide your products or services must result from direct physical loss or damage to Covered Property caused by or resulting from a Covered Cause of Loss during the policy period.
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CONTRACT PENALTIES. An amount of R200.00 per incident will be deducted from an employee found to be directly responsible for a penalty being imposed on the Employer in terms of its contract.
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CONTRACT PENALTIES. IF A WORKER FAILS TO FOLLOW OR BEHAVES CONTRARY TO CONDITION SPECIFIED WITHIN THE CONTRACT, ANY ONE OR COMBINATION OF THE PENALTIES WILL BE APPLIED BY THE TEACHER. 6.1 The teacher may restrict the working time of the worker. 6.2 The teacher may report violations to school authorities and require workers to report to them. 6.3 If necessary the teacher may “fire” workers and require them to leave the work area. 6.4 Points will be deducted from the student’s accumulated total for contract violations resulting in the lowering of the final earned grade.
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CONTRACT PENALTIES. 18.1 For each and every unauthorised installation of the software, the CP will pay a contract penalty amounting to twice the amount of the licence fee for the software in question. 18.2 For each and every instance of unauthorised editing or other modification, unauthorised reverse engineering or unauthorised disassembly/decompiling, the CP will pay a contract penalty that is five times the cost of the licence fee. 18.3 For each and every instance of unauthorised transfer to a third party, the CP will pay a contract penalty that is five times the licence fee. 18.4 The contract penalty shall not be subject to reduction by order of a court of law. HiCo-ICS maintains all rights to claim damages going beyond the contract penalty.
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Related to CONTRACT PENALTIES

  • CONTRACTUAL PENALTIES 1. Should the Accommodated Person fail to pay the price for the accommodation in the agreed amount, by the due date and under the correct variable symbol, he/she is obliged to pay interest on late payments under Section 10(2) of Act No. 176/2004 Coll., on the Disposal of the Property of Public Institutions and the Amendment to Act No. 259/1993 of the National Council of the Slovak Republic, on the Slovak Forestry Chamber, as amended by Act No. 464/2002 Coll., as amended. In addition, he/she is obliged to pay a contractual penalty (even if the contractual obligations are breached not through a fault of the Accommodated Person, e.g., by error of the financial institution) in the amount of 0.3 % of the amount due for each day of delay. The agreement regarding the contractual penalty shall not affect the Landlord’s entitlement to demand compensation for damages. Both entitlements can be exercised by the Landlord concurrently. Both the contractual penalty and the interest on late payments are to be paid via a separate bank transfer to the Landlord’s account stated in Article I in the “Landlord” section hereof (separately from the price for the accommodation). 2. If the payment needs to be searched for due to the incorrectly stated variable symbol, the Accommodated Person shall pay a contractual penalty amounting to EUR 5. 3. In the case of loss or theft of the accommodation card, the Accommodated Person shall pay the Landlord the sum for issuing a new card in the amount of EUR 13, and in the case of loss or theft of the key to the room, he/she shall pay the sum for making an extra key in the amount of EUR 20. The sum for issuing a new card and making an extra key is to be paid by the Accommodated person by a stand- alone wire transfer to the bank account of the Landlord provided in Article I, part “Landlord” of this Contract (separately from the price for accommodation and settlement of contractual penalties and default interest). The Landlord shall provide the Accommodated Person with a replacement key or a new accommodation ID only after the sum stipulated under this paragraph is paid. 4. In compliance with Section 544(1) of the Civil Code, the Accommodated Person is also obliged to pay the contractual penalty even though the Landlord did not incur any damage as a result of a breach of the obligations of the Accommodated Person.

  • - FINANCIAL PENALTIES By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

  • Work Hour Penalty Eight hours of labor constitute a legal day's work, and forty hours constitute a legal week's work. Pursuant to Section 1813 of the Labor Code of the State of California, the Contractor shall forfeit to the County Twenty Five Dollars ($25) for each worker employed in the execution of this Contract by the Contractor or by any subcontractor for each calendar day during which such worker is required or permitted to work more than the legal day's or week's work, except that work performed by employees of said Contractor and subcontractors in excess of the legal limit shall be permitted without the foregoing penalty upon the payment of compensation to the workers for all hours worked in excess of eight hours per day of not less than 1-1/2 times the basic rate of pay.

  • Contractual Penalty If the Contractor refuses or fails to duly complete the Assignment after the Assignment Order has been awarded to the Contractor and signed in accordance with this Agreement, the Company is entitled to request the Contractor to pay a contractual penalty in the amount of 10% (ten percent) of the Fee for the respective Assignment. Should the Contractor fail to meet any of the milestones or delivery dates under any of the Assignment Orders and provided that the cause of such delay is attributable to the action or inaction of the Contractor, the Company is entitled to request the Contractor to pay to the Company a contractual penalty of 0.1% (zero point one percent) of the amount of the Fee payable for the respective Assignment for each day of delay, provided that each such contractual penalty shall not exceed 10% (ten percent) of the Fee payable for the respective Assignment. Should the Company delay any payment in accordance with Clause 5.7, the Contractor is entitled to request the Company to pay a contractual penalty in the amount of 0.1% (zero point one percent) from the delayed amount for each day of delay, provided that the total amount of such contractual penalty payable by the Company under this Clause 13.2.3 shall not exceed 10% (ten percent) of the delayed amount. The contractual penalties shall be applied upon the sole discretion of the entitled Party under the Agreement considering the material consequences of the breach. Payment of the contractual penalty shall not release the Party from performance of any of its obligations under the Agreement. FORCE MAJEURE

  • Prepayment Penalties Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory to these disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other terms and conditions of the consumer credit contract shall remain in full force and effect.