Common use of Delay by the Supplier Clause in Contracts

Delay by the Supplier. Should the Supplier have reason to assume that he will not be able to reach the Delivery Time, he shall immediately notify the Purchaser, stating the cause and estimated duration of the delay and accelerate the delivery. Should the Delivery Time be exceeded, the Purchaser shall be entitled to compensation, as liquidated damages, of the percentage of the purchase price of the delayed Products for each day by which the Delivery Time is exceeded. Unless otherwise agreed in the Purchase Agreement in connection with liquidated damages, the Supplier shall pay zero point five per cent (0.5%) for each day of delay, up to the maximum of ten per cent (10%) of the purchase price of the Product in delay. In the event of the Supplier's delay continuing after the maximum amount of the liquidated damages is reached, the Purchaser shall be entitled to cancel or terminate the Purchase Agreement with immediate effect and be entitled to get compensation in an amount corresponding to the damage occasioned through the delay to such extent that the damage exceeds the amount of liquidated damages specified in this Article.

Delay by the Supplier. Should the Supplier have reason to assume that he will not be able to reach the Delivery Time, he shall immediately notify the Purchaser, stating the cause and estimated duration of the delay and accelerate the delivery. Should the Delivery Time be exceeded, the Purchaser shall be entitled to compensation, as liquidated damages, of the percentage of the purchase price of the delayed Products for each day by which the Delivery Time is exceeded. Unless otherwise agreed in the Purchase Agreement in connection with liquidated damages, the Supplier shall pay zero point five five per cent (0.5%) for each day of delay, up to the maximum of ten per cent (10%) of the purchase price of the Product in delay. In the event of the Supplier's delay continuing after the maximum amount of the liquidated damages is reached, the Purchaser shall be entitled to cancel or terminate the Purchase Agreement with immediate effect and be entitled to get compensation in an amount corresponding to the damage occasioned through the delay to such extent that the damage exceeds the amount of liquidated damages specified specified in this Article.