CONTRACTUAL SANCTIONS Sample Clauses

CONTRACTUAL SANCTIONS. The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: any data provided by the Grantee turns out to be false or not up- to-date, or the Grantee fails to deliver to the Fund any ofthe reports according to this Contract in time, or the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or the Grantee breaches any of its obligation arising from Article 7 hereof. The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Funďs right to request a damage compensation for any damages caused to the Fund. The Fund shall be entitled to withdraw from the Contract, in case:

CONTRACTUAL SANCTIONS. In case of ▇▇▇▇▇▇’s delay in fulfilment of the subject-matter of the Contract agreed herein, the Buyer is entitled to invoice to the Seller a liquidated damage of 0,2% of the price per each commenced day of delay, however up to the amount of the price agreed in the Contract as maximum. In case of debtor’s delay in fulfilling the financial obligation, the creditor is entitled to invoice to the debtor an interest on late payment of 0,02% of the owing sum per each day of delay, however up to the amount of owing sum as maximum. The application of a contractual fine agreed upon in this Contract does not affect the right to compensation for damage suffered by the eligible Contracting Party due to non-fulfillment of the contractual obligations secured by such contractual fine, in an amount exceeding the paid contractual fine. Circumstances precluding liability include any impediments that occur independent of the will of the obliged party and prevent it from performing its obligations if it cannot be reasonable expected that the obliged party could have avoided or overcome such impediment or its consequences, and furthermore that it could have foreseen such impediment at the time such commitment was established. Liability is not precluded in the case of impediments occurring at such time that the obliged party is currently in delay in performance of its obligations, or arising on the basis of economic conditions of the obliged party.

CONTRACTUAL SANCTIONS. 1. In case of Seller’s delay in fulfilment of the subject-matter of the Contract agreed in the respective Partial Contract, the Buyer is entitled to invoice to the Seller a liquidated damage of 0.2% of the purchase price per each commenced day of delay, however up to the amount of 20% of the purchase price agreed in the respective Partial Contract as maximum. 2. In case of debtor’s delay in fulfilling the financial obligation, the creditor is entitled to invoice to the debtor interest on late payment of 0.02% of the owing sum per each day of delay, however up to the amount of 20% of the owing sum as maximum. 3. The application of a contractual fine agreed upon in this Contract does not affect the right for compensation of damage suffered by the other Contracting Party due to non-fulfillment of the contractual obligations secured by such contractual fine, in the amount exceeding the paid contractual fine.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of false/incorrect data/information is provided by the Grantee, or b) any of the contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the Project, mainly, but not limited to, the Outputs of the Project do not meet the requirement under this Contract and its attachments, or d) the good reputation of the Fund is damaged by the Grantee, or e) the Fund learns about a misuse of any funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project. 8.4 The notice of withdrawal shall be delivered in writing in person or by registered mail to the address of the relevant Contracting Party stated in this Contract. The notice of withdrawal shall be considered received on the date of its delivery. If the delivery of the withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of delivery. In the case of postal deliveries the withdrawal notice shall be considered received on the third day of its postal deposit, irrespective the addressee’s knowledge of such deposit. 8.5 If the Contract is terminated upon the withdrawal of the Fund therefrom, the Grantee shall automatically be obliged to return to the Fund the amount of the paid Grant w...

CONTRACTUAL SANCTIONS. 1. If the Seller is in delay with the delivery of the goods pursuant to the Contract (the Seller fails to duly deliver the goods within the agreed date of performance), the Buyer is entitled to apply against the Seller a contractual penalty in the amount of 0.2% of the purchase price for the goods for each commenced day of the delay. The above shall also apply in case of failed or delayed delivery of the documents that are necessary for the takeover or for the use of the goods, or other documents that the Seller is obliged to submit to the Buyer pursuant to the Contract. 2. The payment of the contractual penalty does not relieve the Seller of the obligation to deliver the goods or the documents in accordance with the Contract. 3. Application of the contractual penalty shall not affect the right to claim damages caused by the breach of the contractual obligations. 4. Should the debtor be in delay with the fulfilment of its monetary obligation, the creditor shall have the right to charge the debtor the late charges in the amount of 0.02% of the outstanding amount for each day of the delay.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of20% ofthe amount ofthe Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any ofthe reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part ofit is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any ofits obligations arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Funďs right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind offalse/incorrect data/information is provided by the Grantee, or b) any ofthe contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period providcd by the Fund in the written call for thc remedy, or

CONTRACTUAL SANCTIONS. In case of Seller’s delay in fulfilment of the subject-matter of the Contract agreed in the respective Partial Contract, the Buyer is entitled to invoice to the Seller a liquidated damage of 0.2% of the purchase price per each commenced day of delay, however up to the amount of 20% of the purchase price agreed in the respective Partial Contract as maximum. In case of debtor’s delay in fulfilling the financial obligation, the creditor is entitled to invoice to the debtor interest on late payment of 0.02% of the owing sum per each day of delay, however up to the amount of 20% of the owing sum as maximum. The application of a contractual fine agreed upon in this Contract does not affect the right for compensation of damage suffered by the other Contracting Party due to non-fulfillment of the contractual obligations secured by such contractual fine, in the amount exceeding the paid contractual fine. Circumstances precluding liability include an impediment that occurs independently of the will of the obliged party and prevent it from performing its obligations, if it cannot be reasonable expected that the obliged party could have avoided or overcome such impediment or consequences thereof, and furthermore that it could have foreseen such impediment at the time the commitment was established. The liability is not precluded in case of impediments occurring at such time that the obliged party is currently in delay in performance of its obligations, or arising on the basis of economic conditions of the obliged party.

CONTRACTUAL SANCTIONS. 1. Should the Contractor fail to meet the performance deadlines agreed in Article II paragraph 3 of this Agreement, the Contractor shall pay a contractual penalty to the Customer in the amount of 0.1% of the price of the work for each commenced day of default. 2. Should the Contractor fail to remove any defects and unfinished items on the date agreed discovered during the takeover or discovered within the Warranty Period, the Contractor shall be obliged to pay contractual penalties to the Customer in the amount of CZK 500 for each day of default and for each defect or unfinished item until the moment of removing such defect or unfinished item. 3. Contractual penalties shall not be offset against compensation of potential damage that may be fully enforced separately in addition to the contractual penalty. The parties hereby expressly exclude application of the provisions of Section 2050 of Act No. 89/2012, Coll., the Civil Code.

CONTRACTUAL SANCTIONS. 1. In case of ▇▇▇▇▇▇’s delay in fulfilment of the subject-matter of the Contract agreed herein, the Buyer is entitled to invoice to the Seller a liquidated damage of 0,2% of the price per each commenced day of delay, however up to the amount of the price agreed in the Contract as maximum. 2. In case of debtor’s delay in fulfilling the financial obligation, the creditor is entitled to invoice to the debtor an interest on late payment of 0,02% of the owing sum per each day of delay, however up to the amount of owing sum as maximum. 3. The application of a contractual fine agreed upon in this Contract does not affect the right to compensation for damage suffered by the eligible Contracting Party due to non-fulfillment of the contractual obligations secured by such contractual fine, in an amount exceeding the paid contractual fine.