CONTRACTUAL PENALTIES. 1. Should the Accommodated Person fail to pay the price for the accommodation in the agreed amount, by the due date and under the correct variable symbol, he/she is obliged to pay interest on late payments under Section 10(2) of Act No. 176/2004 Coll., on the Disposal of the Property of Public Institutions and the Amendment to Act No. 259/1993 of the National Council of the Slovak Republic, on the Slovak Forestry Chamber, as amended by Act No. 464/2002 Coll., as amended. In addition, he/she is obliged to pay a contractual penalty (even if the contractual obligations are breached not through a fault of the Accommodated Person, e.g., by error of the financial institution) in the amount of 0.3 % of the amount due for each day of delay. The agreement regarding the contractual penalty shall not affect the Landlord’s entitlement to demand compensation for damages. Both entitlements can be exercised by the Landlord concurrently. Both the contractual penalty and the interest on late payments are to be paid via a separate bank transfer to the Landlord’s account stated in Article I in the “Landlord” section hereof (separately from the price for the accommodation).
CONTRACTUAL PENALTIES. 1. Should the Accommodated Person fail to pay the price for the accommodation in the agreed amount, by the due date and under the correct variable symbol, he/she is obliged to pay interest on late payments under Section 10(2) of Act No. 176/2004 Coll., on the Disposal of the Property of Public Institutions and the Amendment to Act Xx. 000/0000 xx xxx Xxxxxxxx Xxxxxxx xx xxx Xxxxxx Xxxxxxxx, on the Slovak Forestry Chamber, as amended by Act No. 464/2002 Coll., as amended. In addition, he/she is obliged to pay a contractual penalty (even if the contractual obligations are breached not through a fault of the Accommodated Person, e.g., by error of the financial institution) in the amount of 0.3 % of the due amount for each day of delay. The agreement regarding the contractual penalty shall not affect the Landlord’s entitlement to demand compensation for damages. Both entitlements can be exercised by the Landlord concurrently. Both the contractual penalty and the interest on late payments are to be paid via a separate bank transfer to the Landlord’s account stated in Article I in the “Landlord” section hereof (separately from the price for the accommodation).
CONTRACTUAL PENALTIES. 16.1 The Buyer shall have the right to a penalty in the amount of 0.1 % of the Price for each commenced day of delay with the performance pursuant to Section 4.1 hereof.
CONTRACTUAL PENALTIES. The Buyer shall be entitled to claim a contractual penalty against the Seller in the amount of 0,05 % of the Price for each commenced day of delay with the delivery pursuant to Section 4.1 hereof with a possible grace period of 10 days. The Buyer shall have the right to a penalty in the amount of 0.05 % of the Price for each commenced day of delay with rectifying of claimed defects.
CONTRACTUAL PENALTIES. 5.9 The Seller shall not be entitled to set off any of his receivables against any part of the Buyer’s receivable hereunder.
CONTRACTUAL PENALTIES. Should the Performer fail to fulfill their obligations arising from this Contract due to reasons unrelated to any fault caused by the Client, such as sudden medical issues on the part of a significant number of members of the ensemble, or reasons other than those outside of their control (traffic issues causing delays in the transportation of instruments, political regulations, war, natural disaster or a similar force majeure event), where the failure to fulfill said obligations will render the Performance impossible, the Performer shall be obliged to offer the nearest possible date for the recording, or negotiate a compensation with the Client. Should the Client fail to fulfill their obligations arising from this Contract due to reasons unrelated to any fault caused by the Performer, or reasons other than those outside of their control (political regulation, war, natural disaster or a similar force majeure event), where the failure to fulfill said obligations will render the Performance impossible, the Client shall be obliged to pay to the Performer the agreed-upon remuneration in full, as stipulated above. The Client shall not be liable for any incidental expenses.
CONTRACTUAL PENALTIES. If the Contractor fails to comply with sub-clause 8.2 [Time for Completion], the Contractor shall subject to sub-clause 2.5 [Employer's Claims] pay contractual penalties to the Employer for this default. These contractual penalties shall be in the amount stated in the Particular Conditions. However, the total amount due under this sub-clause shall not exceed the maximum amount of contractual penalties stated in the Particular Conditions. These contractual penalties shall be the only damages due from the Contractor for such default, other than in the event of termination under sub-clause 15.2 [Termination by Employer] prior to completion of the Works. These damages shall not relieve the Contractor from its obligation to complete the Works, or from any other duties, obligations or responsibilities which it may have under the Contract.
CONTRACTUAL PENALTIES. The Buyer shall have the right to a penalty in the amount of 0.1 % of the Price for each commenced day of delay with the performance pursuant to Section 4.1 hereof. The Buyer shall have the right to a penalty in the amount of 0.1 % of the Price for each commenced day of delay with rectifying of defects claimed within the warranty period. In case of default in payment of any due receivables (monetary debt) under the Contract, the defaulting Buyer or Seller (the debtor) shall be obliged to pay a contractual penalty in the amount of 0.1 % of the owed amount for each commenced day of delay with the payment. The Buyer shall be entitled to claim a contractual penalty against the Seller in the amount of 30 % of the Price, in case it will subsequently take advantage of the opportunity to withdraw from the Contract pursuant to Section 13.2.1 and 13.2.2. Contractual penalties are payable within 30 days of notification demanding payment thereof. Payment of the contractual penalty does not prejudice the rights of the Parties to claim damages.
CONTRACTUAL PENALTIES. 1. The Contractor shall pay the Ordering Party a contractual penalty in the event of :
CONTRACTUAL PENALTIES. In the case of a breach of obligations arising from Article II and III herein, the Provider shall pay a contractual penalty to the Client in the amount of 2 % of the Price under Article V, Section 5.1 herein, for each individual case of such breach of obligation. If the Provider is in delay with the provision of services under Article II and III herein, the Client shall be entitled to a contractual penalty in the amount of 0.5 % of the Price under Article V, Section 5.1 herein, for each day of delay in the performance of the Contract. The obligation to pay the contractual penalty, enforcement of a title to be paid the contractual penalty or its factual payment does not free the Provider from the performance of the obligation that is the subject of the contractual penalty. The Provider shall remain liable for the performance of such an obligation. The obligation to pay the contractual penalty or its factual payment do not affect the Client’s title to compensation of damage in full extent or to withdraw from the Contract. The title to a claimed contractual penalty does not cease to exist with the withdrawal from the Contract. The contractual penalty is paid upon the delivery of the written notification of the penalty to the Provider. The Client is entitled to set off their claim arising from the contractual penalty against a payable receivable of the Provider in relation to the price. The Parties hereby declare that they consider the contractual penalties under this Article to be reasonable in terms of the character of obligations, the performance of which is secured with the contractual penalties.
