Common use of Breach Penalties Clause in Contracts

Breach Penalties. In the event that Libre is required to pay the bonding agent or any third party a forfeiture caused by the Detainee’s breach of their bond, You shall pay to Libre the entire face value of the Detainee’s bond, minus a credit of fifty percent (50%) of Program Fees You and/or the Detainee previously paid to Libre, within thirty (30) days of written notice that such amount is due.

Breach Penalties. In the event that Libre is required to pay the bonding agent or any third party a forfeiture caused by the Detainee’s Your breach of their Your bond, You shall pay to Libre the entire face value of the Detainee’s Your bond, minus a credit of fifty percent (50%) of Program Fees You and/or the Detainee previously paid to Libre, within thirty (30) days of written notice that such amount is due.