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.
Appears in 2 contracts
Sources: Terms of Purchase, Purchase Agreement