Common use of Delay of delivery Clause in Contracts

Delay of delivery. In the event of a delay in the agreed delivery schedule ▇▇▇▇▇▇▇▇▇▇ shall be entitled to receive from the Supplier a delay sanction of three (3) percent for each week begun. The size of the delay sanction shall be calculated from the price of the entire delivery and the maximum delay sanction shall be fifteen (15) per cent of the total price. If the delay exceeds five (5) weeks or it is otherwise obvious that the delivery will not conform to the time, quality and quantity in the contract, ▇▇▇▇▇▇▇▇▇▇ shall be entitled to cancel the contract.