Common use of CONTRACTUAL PENALTIES Clause in Contracts

CONTRACTUAL PENALTIES. The Lessor reserves the right not to accept payments from third parties, except the payment on behalf of the Lessee is made by: (i) a company that belong to the same group of companies as the Lessee, for example, parent company, or (ii) a private individual related to the Lessee, for example, shareholder or employee. It is mandatory that before a third- party payment the Lessee informs the Lessor at least 30 (thirty) days in advance and receives the Lessor’s consent. The Lessor shall not withhold it’s consent without a valid reason, that may be related to the payer’s violation of the Sanctions, tax evasion, money laundering and terrorism and proliferation financing or other offenses or violations of laws and regulations. Uncoordinated third-party payments may be a subject of fund freezing or retur to their payer’s and will not be considered as the fulfilment of the Lessee’s obligations under this Contract.

CONTRACTUAL PENALTIES. The Lessor reserves the right not to accept payments from third parties, except the payment on behalf of the Lessee is made by: (i) a company that belong to the same group of companies as the Lessee, for example, parent company, or (ii) a private individual related to the Lessee, for example, shareholder or employee. It is mandatory that before a third- third-party payment the Lessee informs the Lessor at least 30 (thirty) days in advance and receives the Lessor’s consent. The Lessor shall not withhold it’s consent without a valid reason, that may be related to the payer’s violation of the Sanctions, tax evasion, money laundering and terrorism and proliferation financing or other offenses or violations of laws and regulations. Uncoordinated third-party payments may be a subject of fund freezing or retur return to their payer’s and will not be considered as the fulfilment of the Lessee’s obligations under this Contract.

CONTRACTUAL PENALTIES. The Lessor reserves the right not to accept payments from third parties, except the payment on behalf of the Lessee is made by: (i) a company that belong to the same group of companies as the Lessee, for example, parent company, or (ii) a private individual related to the Lessee, for example, shareholder or employee. It is mandatory that before a third- party payment the Lessee informs the Lessor at least 30 (thirty) days in advance and receives the Lessor’s consent. The Lessor shall not withhold it’s consent without a valid reason, that may be related to the payer’s violation of the Sanctions, tax evasion, money laundering and terrorism and proliferation financing or other offenses or violations of laws and regulations. Uncoordinated third-party payments may be a subject of fund freezing or retur return to their payer’s and will not be considered as the fulfilment of the Lessee’s obligations under this Contract.