Delayed Fulfillment. In case the Buyer has fulfilled the investment obligation but with delay, the Seller has the right, in accordance with the provisions of this Section, to claim penalties to the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in a timely fashion. Failure to invest in full or in part gives the right to the Seller to claim penalties to the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in time on account of delayed fulfillment of obligations.
Appears in 4 contracts
Sources: Share Purchase Agreement, Share Purchase Agreement, Share Purchase Agreement
Delayed Fulfillment. In case the Buyer has Seller fulfilled the investment obligation investments commitments, but with in delay, the Seller has the right, in accordance with the according to provisions of this SectionItem, to claim penalties to the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in a timely fashion. Failure to invest in full or in part gives thus giving the right to the Seller to claim penalties to the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in time on account of delayed fulfillment of obligations.
Appears in 1 contract
Sources: Share Purchase Agreement