Common use of CONTRACT PENALTY Clause in Contracts

CONTRACT PENALTY. 9.1 In the event that the bidder does not fulfil his contractual obligations or does not fulfil them in due time he is obliged to pay a contract penalty in the amount of the double fee agreed upon according to fig. 5 for the respective load flow commitment for the whole contract period. For bids which include a commodity charge the basis for the calculation of the penalty is a theoretical call of the LFC with 40 % during the contract period.

CONTRACT PENALTY. 9.1 In the event that the bidder does not fulfil his contractual obligations or does not fulfil them in due time he is obliged to pay a contract penalty in the amount of the double fee agreed upon according to fig. 5 for the respective load flow commitment for the whole contract period. For bids which include a commodity charge the basis for the calculation of the penalty is a theoretical call up of the LFC with 40 % during the contract period.

CONTRACT PENALTY. 9.1 In the event that the bidder does not fulfil his contractual obligations or does not fulfil them in due time he is obliged to pay a contract penalty in the amount of the double fee agreed upon according to fig. 5 for the respective load flow commitment for the whole contract period. For bids which include a commodity charge the basis for the calculation of the penalty is a theoretical call of the LFC with 40 20 % during the contract period.

CONTRACT PENALTY. 9.1 10.1 In the event that the bidder does not fulfil his contractual obligations or does not fulfil them in due time he is obliged to pay a contract penalty in the amount of the double fee agreed upon according to figxxx. 5 for the respective load flow commitment for the whole contract period. For bids which include a commodity charge the basis for the calculation of the penalty is a theoretical call of the LFC with 40 20 % during the contract period.