Common use of CONTRACT PENALTY Clause in Contracts

CONTRACT PENALTY. If a contract penalty has been agreed upon, the Company is entitled to claim such penalty until the final payment is due without requiring a reservation pursuant to section 341 paragraph 3 of the German Civil Code (“BGB”).

CONTRACT PENALTY. If a contract penalty has been agreed uponupon and is incurred, the Company is entitled to claim such penalty until the final payment is due without requiring a reservation pursuant to section 341 paragraph 3 of the German Civil Code (“BGB”).

CONTRACT PENALTY. If a contract penalty has been agreed uponupon and is incurred, the Company Principal is entitled to claim such penalty until the final payment is due without requiring a reservation pursuant to section 341 paragraph 3 of the German Civil Code (“BGB”).

CONTRACT PENALTY. If a contract penalty has been agreed uponupon and is incurred, the Company is entitled to claim such penalty until the final payment is due without requiring a reservation pursuant to section 341 paragraph 3 (3) of the German Civil Code (“BGB”).

CONTRACT PENALTY. If a contract penalty has been agreed upon, the Company is entitled to claim such penalty until the final payment is due made without requiring a reservation pursuant to section 341 paragraph 3 of the German Civil Code (“BGB”).