PENALTIES FOR LATE DELIVERY Sample Clauses

The "Penalties for Late Delivery" clause establishes consequences for a party's failure to deliver goods or services by the agreed-upon deadline. Typically, this clause specifies a financial penalty, such as a daily fee or percentage of the contract value, that accrues for each day the delivery is delayed beyond the scheduled date. By imposing these penalties, the clause incentivizes timely performance and compensates the receiving party for potential losses or inconvenience caused by the delay.
POPULAR SAMPLE Copied 82 times
PENALTIES FOR LATE DELIVERY. Thera agrees that, during the Term, SA shall have the right to impose a penalty on the value of a Purchase Order if the quantity of vials of Product subject to an accepted Purchase Order is not delivered in accordance with the requirements referred to under Article 7.6.1(i), (ii), (iii) and (iv). The penalty applied [REDACTED: Basis of penalty] shall be equal to [REDACTED: Percentage], but up to a maximum of [REDACTED: Percentage].
View Source
PENALTIES FOR LATE DELIVERY. 6.1. Seller's failure to meet its promised delivery schedule by more than 10 business days grace period results in penalties: 6.1.1. Seller shall pay the difference between the shipping method specified in this P.O. and the premium transportation rates for expedited delivery (such as UPS or FedEx overnight/express shipping) 6.1.2. If not delivered within the 10 day grace period, Seller shall accept a reduction in payment in the amount of the past due quantity's price by 0.005% per business day, retroactive to the due date shown on the P.O., up to a maximum of 50% off the original contracted price. 6.1.3. In the case of scheduled deliveries, the late delivery discount shall apply to the past due line item only, and not the balance of the order, unless subsequent deliveries schedules are also late. 6.1.4. If subsequent delivery dates are not met, the discounts shall be calculated as in point 6.1.2 above, unless overlapped due to the original late delivery, in which case the original late delivery penalty schedule shall continue unabated. 6.1.5. Any delivery extension or waiver of late delivery penalties by ▇▇▇▇▇ must be in writing.
View Source
PENALTIES FOR LATE DELIVERY. The provisions of Clause 28.1 to 28.6 inclusive are replaced by the provisions of Article 6 above.
View Source
PENALTIES FOR LATE DELIVERY. Penalties as provided for under Clause 28 shall apply to the delivery of the Draft Final Report, should the Contractor fail to submit the above deliverable(s) by the date(s) stipulated in Article 3 of this contract. The penalised value shall be the total price of the contract.
View Source
PENALTIES FOR LATE DELIVERY. In case the SELLER fails to supply the Products contracted for in whole or in part at a time later than that stated in the CONTRACT, including the replacement of the rejected items, the BUYER reserves the right to apply a penalty of one percent (1%) per week of the value of items so delayed for the first week or a part thereof. Thereafter the penalty will be increased to two percent (2%) per week for each subsequent week or part thereof, up to a maximum penalty of 10% of the value of the items so delayed.
View Source
PENALTIES FOR LATE DELIVERY. The provisions of Clause 28 shall apply to the following deliverables and shall be calculated using the penalised values set out below and the scales laid down in the General Conditions Annex II paragraph 1.1 Deliverable Date Penalised value …………………… ……………… 100% Contract price CLAUSE 29 : ACCEPTANCE AND REJECTION
View Source
PENALTIES FOR LATE DELIVERY. 7.1 The Supplier shall not be liable for the payment of any penalties unless specifically so stated in an accepted Purchase Order, in which event the provisions of clause 7.2 shall apply. 7.2 Subject to clause 7.1 hereof and if the Supplier fails to deliver Goods or Services within the time period agreed upon, the Supplier shall pay to the Customer an amount of 0,5% (nil comma five percent) of the prices of the outstanding Goods or Services as a penalty for such default, for every week or part of a week which expires between the agreed time for delivery and the actual date of delivery; provided that the maximum aggregate amount payable by the Supplier to the Customer for such delay shall not exceed a sum equal to 5% (five percent) of the prices of the outstanding Goods or Services.
View SourceView Similar (3)
PENALTIES FOR LATE DELIVERY. The provisions of Clause 28 shall apply as detailed under Article 6.
View SourceView Similar (4)
PENALTIES FOR LATE DELIVERY. The present Clause applies to all Equipment subject of this Contract.
View SourceView Similar (2)

Related to PENALTIES FOR LATE DELIVERY

  • Penalties for Violations Design Professional and its subconsultants shall comply with California Labor Code section 1775 in the event a worker is paid less than the prevailing wage rate for the work or craft in which the worker is employed. This shall be in addition to any other applicable penalties allowed under Labor Code sections 1720 – 1861.

  • Penalties for non-conformity of production 9.1. The approval granted in respect of a vehicle type pursuant to this Regulation may be withdrawn if the requirements set forth above are not met. 9.2. If a Contracting Party to the Agreement applying this Regulation withdraws an approval it has previously granted, it shall forthwith so notify the other Contracting Parties applying this Regulation, by means of a communication form conforming to the model in Annex 1 to this Regulation.

  • Penalties for Non-compliance to Service Level Agreement Where the Supplier/Service Provider fails to deliver the Goods/Services within the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at …………………………………………………… .

  • Notice to NASD In the event any person or entity (regardless of any NASD affiliation or association) is engaged to assist the Company in its search for a merger candidate or to provide any other merger and acquisition services, the Company will provide the following to the NASD and EBC prior to the consummation of the Business Combination: (i) complete details of all services and copies of agreements governing such services; and (ii) justification as to why the person or entity providing the merger and acquisition services should not be considered an "underwriter and related person" with respect to the Company's initial public offering, as such term is defined in Rule 2710 of the NASD's Conduct Rules. The Company also agrees that proper disclosure of such arrangement or potential arrangement will be made in the proxy statement which the Company will file for purposes of soliciting stockholder approval for the Business Combination.

  • Basis for Layoff A. The reasons for layoffs include, but are not limited to, the following: 1. Lack of funds; 2. Lack of work; or 3. Organizational change. B. Examples of layoff actions due to lack of work include, but are not limited to: 1. Termination of a project or special employment; 2. Availability of fewer positions than there are employees entitled to such positions; 3. Employee’s ineligibility to continue in a position following its reallocation to a class with a higher salary maximum; or 4. Employee’s ineligibility to continue, or choice not to continue, in a position following its reallocation to a class with a lower salary range maximum.