PENALTY FOR DELAY Sample Clauses

PENALTY FOR DELAY. Subject to Article 11, if the Seller fails to deliver for reasons attributable to him any or all of the goods or perform any of the services within the time period specified in the Contract, UNIDO may, without prejudice to any other rights and remedies, deduct from the total price stipulated in this Contract an amount of 1% of the price of such goods or unperformed services for each week of delay, up to maximum of 10% of the total price of the Contract.

PENALTY FOR DELAY. In case of delay in delivery of materials the Corporation of Chennai may at his option, impose a penalty calculated at the rate of 0.1 percent of the Indent/Contract value of such portion only of the quantity as have not been delivered on the specified date, for each day of delay. Such reduction shall be in full satisfaction of the suppliers liability for the delay and shall not in any case exceed five percent of the total value of contract.

PENALTY FOR DELAY. If Supplier is behind schedule in the delivery of Goods or Services, Purchaser is entitled to apply a penalty of 1% of the Purchase Order price for each day of delay up to a maximum of 10% of the Purchase Order price. The amount of penalty will be communicated to Supplier after delivery of Goods/Services and it will be set off with Purchaser’s debts relevant to price for Goods/Services.

PENALTY FOR DELAY. 10.1 If the Subcontractor shall fail to complete the Subcontract Works or sections thereof within the Time for Completion prescribed in terms of Sub-Clause 9.1 hereof or the extended time allowed or provided for in terms of Sub-Clause 9.2 hereof, then the Subcontractor shall pay to the Contractor the sum stated in the Appendix hereto as a penalty for every day which shall elapse between the expiry of the aforesaid Time for Completion or extended time as provided for herein and the date of completion of the Subcontract Works. The Contractor may deduct the amount of the penalty from any monies owing to the Subcontractor in terms of this Subcontract Agreement. 10.2 The imposition of such penalty shall not relieve the Subcontractor of his obligation to complete the Subcontract Works or from any of his obligations and liabilities under this Subcontract. 10.3 If before the completion of the whole of the Subcontract Works any portion of the Subcontract Works has been approved or occupied by the Contractor and/or Employer the penalty for delay shall for any period of delay after such approval or occupation be reduced in the proportion which the value of the portion so approved or occupied bears to the value of the whole of the Subcontract Works, unless otherwise provided for by the Contractor in the Appendix hereto. 10.4 The Subcontractor shall be entitled to be paid the amount set out by him in the Appendix hereto for any delays occasioned to the Subcontractor through the breach of the Subcontract by the Contractor, without prejudice to any of the Subcontractor's other rights.

PENALTY FOR DELAY. In addition to ▇▇▇▇▇’s remedies under Section 3.1 above, if Supplier delivers the goods or completes the services later than scheduled, and except in cases where the delay is solely caused by Buyer or due to unforeseeable external factors without the Supplier's fault or negligence, Supplier shall pay to Buyer a penalty, separate from any liquidated damages, in an amount corresponding to 5% of the total value of the Order.

PENALTY FOR DELAY. Penalty for any delay for any of the Deliverables shall be subjected to terms specified in each applicable SOW.

PENALTY FOR DELAY. If the progress of assignment is found to be non-satisfactory or delayed at any point of time, Udyog Bandhu reserves the right to impose penalty. The total amount of penalty shall not exceed 10% of total assignment fee.

PENALTY FOR DELAY. If the final delivery is not approved and this is not due to circumstances attributable to the AREC and SK, or the circumstances mentioned in paragraph 14, then a daily penalty will automatically take effect. This daily fine is equal to 0.15 per cent of the Agreement Price and is calculated for each calendar day for the duration of the delay up to a maximum of 60 days. As long as the daily penalty is in effect, AREC and SK cannot terminate the Agreement or claim other damages for the delay. This limitation does, however, not apply if the Contractor, or anyone he is responsible for, has failed to give notice, or the delay is due to willful intent or gross negligence on the part of the Contractor or anyone he is responsible for.

PENALTY FOR DELAY. The time allowed for carrying out the work as entered in the contract shall be strictly observed by the contractor and shall be reckoned from the date on which order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be preceded with all due diligence (time being deemed to be the essence of the contract on the part of the contract) and the contractor shall pay as penalty as under: - Penalty equal to one half percent per week subjected to maximum of 10 % of balance work of respective month on the pro-rata cost of balance connections. The penalty shall be calculated in proportionate to the total cost of work order and no of connections allotted and will be imposed on balance connection for respective month. However, after full completion period, the contractor shall pay as penalty equal to an amount of one half percent of actual cost of work order (Standard condition of PSPCL) as shown in contract for every week, if the work remains unfinished after the contract completion period but the entire amount of penalty to be paid under the provision of this clause shall not exceed 10% of the actual total cost of the work order which will include the estimated cost of the balance work left out. However, the penalty deducted due to noncompliance of monthly progress, the same shall be adjusted during the final computation of penalty. This clause will be made applicable phase wise by considering contract value of each phase separately.