Common use of PENALTIES FOR LATE DELIVERY Clause in Contracts

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.

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.