Common use of Supplier’s Default Clause in Contracts

Supplier’s Default. 8.1.1 Subject to the exception set out in Article 8.1.2 hereof, the contractual penalty under Article 2.3.2 shall amount to 5% of the price of the delayed Goods or Service per each week of the delay. Such contractual penalties shall not exceed 20% of the price of the delayed Goods or Services. 8.1.2 In case the Supplier fails to comply with its obligations set forth in Article