Common use of CONTRACTUAL PENALTIES Clause in Contracts

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.

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 1,5% of the Price for the total performance 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 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.

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 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 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.

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 1.5% 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 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.