Common use of Penalties for non Clause in Contracts

Penalties for non. Under Performance (Phase-2) 49.1 A maximum level of performance penalties is established and described in this section 9 Event of default and termination as per Clause 35& 36 of this section of RFP respectively and the consequences as provided in Clause 37 of this section of RFP 49.2 Performance Penalty for not meeting a measurement parameter for any two months in consecutive quarters shall result in twice the penalty percentage of that respective measurement parameter in the third quarter for all the three months 49.3 Maximum Penalty applicable for any quarter shall not exceed 30% of the ‘applicable fees’ for the respective quarter. 49.4 Three consecutive quarterly deductions of 30 % of the applicable fee on account of any reasons shall be deemed to be an event of default and termination as per Clause 36 of this Section of RFP respectively and the consequences as provided in Clause 37of this section of RFP shall follow. 49.5 The payment to the agency shall be on Quarterly basis however the penalty shall be calculated on monthly basis as per the SLAs stated in the RFP.

Penalties for non. Under Performance (Phase-2) 49.1 43.1. A maximum level of performance penalties is established and described in this section 9 Event of default and termination as per Clause 35& 36 of this section of RFP respectively and the consequences as provided in Clause 37 of this section of RFP 49.2 43.2. Performance Penalty for not meeting a measurement parameter for any two months in consecutive quarters shall result in twice the penalty percentage of that respective measurement parameter in the third quarter for all the three months. 49.3 43.3. Maximum Penalty applicable for any quarter shall not exceed 3010% of the ‘applicable fees’ for the respective quarter. 49.4 43.4. Three consecutive quarterly deductions of 30 10 % of the applicable fee on account of any reasons shall be deemed to be an event of default and termination as per Clause 36 of this Section of RFP respectively and the consequences as provided in Clause 37of 37 of this section of RFP shall follow. 49.5 43.5. The payment to the agency shall be on Quarterly basis however the penalty shall be calculated on monthly basis as per the SLAs stated in the RFP.