Common use of Contractual Fines Clause in Contracts

Contractual Fines. 5.1 In the event of Buyer’s failure during the Contractual Period to nominate and/or take over natural gas in DCQs as stipulated in Article 2.2 hereof, the Seller shall be entitled to contractual fine amounting to 100% of the purchase price of unnominated and/or untaken natural gas (calculated by multiplying the unit purchase price stipulated in Article 2.1 of this Agreement and the quantity of unnominated and/or untaken natural gas) and the Buyer shall be committed to pay this contractual fine. The Seller is entitled to bill/ask the contractual fine(s) after the end of Gas Month, in which the Buyer´s failure to take over natural gas has occurred. The contractual fine(s) shall be payable within three (3) days from the date of issuance of invoice (statement of contractual fine(s)) / demand for payment. Articles 4.2 - 4.6 hereof shall be applied accordingly. 5.2 The Seller shall be entitled to contractual fine amounting to 100% of the purchase price of unnominated and/or untaken natural gas also in case of Seller´s withdrawal from the Agreement according to the Article XVI. hereof (calculated by multiplying the unit purchase price stipulated in Article 2.1 of this Agreement and the quantity of unnominated and/or untaken natural gas from the date of withdrawal of the Agreement until the end of agreed Contractual Period) and the Buyer shall be committed to pay this contractual fine. The Seller is entitled to bill/ask the contractual fine(s) after the Seller´s withdrawal from the Agreement. The maturity, invoicing and payment terms shall apply as stipulated above in this Article. The payment of contractual fine(s) does not affect the Seller´s right to full compensation for incurred damage in the whole extent.

Contractual Fines. 5.1 In the event of Buyer’s failure during the Contractual Period to nominate and/or take over natural gas in DCQs as stipulated in Article 2.2 hereofthe amount of [MISSING DATA TO BE ADDED] MWh (i.e. the Contractual Quantity), the Seller shall be entitled to bill/ask contractual fine amounting to 100% of the purchase price of unnominated and/or untaken natural gas (calculated by multiplying the unit purchase price stipulated in Article 2.1 of this Agreement and the quantity of unnominated and/or untaken natural gas) after the end of Contractual Period and the Buyer shall be committed to pay this contractual fine. The Seller is entitled to bill/ask the contractual fine(s) after the end of Gas Month, in which the Buyer´s failure to take over natural gas has occurred. The contractual fine(s) fine shall be payable within three (3) days from the date of issuance of invoice (statement of contractual fine(s)) fine / demand for payment). Articles 4.2 - 4.6 hereof shall be applied accordingly. The payment of contractual fine does not affect the Seller´s right to full compensation for incurred damage in the whole extent. 5.2 The Seller shall be entitled to contractual fine amounting to 100% of In the purchase price of unnominated and/or untaken natural gas also in case event of Seller´s withdrawal from the Agreement according to the Article XVI. hereof (hereof, the Seller shall be entitled to bill/ask contractual fine amounting to 100% of the purchase price of untaken natural gas after the Seller´s withdrawal from the Agreement and the Buyer shall be committed to pay this contractual fine. The quantity of untaken natural gas shall represent the difference between the Contractual Quantity and quantity of natural gas supplied by the Seller and taken over by the Buyer until the effective date of withdrawal from the Agreement. The contractual fine shall be calculated by multiplying the unit purchase price stipulated in Article 2.1 of this Agreement and the quantity of unnominated and/or untaken natural gas gas. The contractual fine shall be payable within three (3) days from the date of withdrawal issuance of the Agreement until the end invoice (statement of agreed Contractual Period) and the Buyer contractual fine / demand for payment). Articles 4.2 - 4.6 hereof shall be committed to pay this contractual fine. The Seller is entitled to bill/ask the contractual fine(s) after the Seller´s withdrawal from the Agreement. The maturity, invoicing and payment terms shall apply as stipulated above in this Articleapplied accordingly. The payment of contractual fine(s) fine does not affect the Seller´s right to full compensation for incurred damage in the whole extent.