CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if:
CONTRACTUAL SANCTIONS. 1. If the Seller is in delay with the delivery of the goods pursuant to the Contract (the Seller fails to duly deliver the goods within the agreed date of performance), the Buyer is entitled to apply against the Seller a contractual penalty in the amount of 0.2% of the purchase price for the goods for each commenced day of the delay. The above shall also apply in case of failed or delayed delivery of the documents that are necessary for the takeover or for the use of the goods, or other documents that the Seller is obliged to submit to the Buyer pursuant to the Contract.
CONTRACTUAL SANCTIONS. 1. In case of Xxxxxx’s delay in fulfilment of the subject-matter of the Contract agreed herein, the Buyer is entitled to invoice to the Seller a liquidated damage of 0,2% of the price per each commenced day of delay, however up to the amount of the price agreed in the Contract as maximum.
CONTRACTUAL SANCTIONS. For Water Pollution Control items, the manual recommends the RE use a progressive contract enforcement policy. A verbal notification should be given and letters sent to the contractor stating the nonconformance and outlining the possible penalties or contract enforcement actions. If nonconformance continues, actions should be escalated until conformance is achieved. Contractual enforcement actions may include delaying portions of a lump sum payment, retention of funds, letters of noncompliance, discharge of subcontractor, administrative deduction, termination of control, and termination of contract.12 Permanent Erosion Control items, those implemented to provide long term stabilization and erosion control once construction activities are completed, are discrete contract items of work from the Water Pollution Control contract items and are measured and paid for separately by the unit. In the case of seed, which is a naturally variable and perishable material, deficiency may affect the quantity and/or quality of the vegetation that establishes in the treatment area. Relevant corrective measures depend on the significance of the deficiency, and may be selected from a range of alternatives including requiring additional or substitute seed to be applied, withholding some portion of payment to the contractor, and requiring the removal and replacement of the application.
CONTRACTUAL SANCTIONS. 1. If the Buyer defaults on payment of the price for the supplied Goods, the Seller may charge a default interest to the Buyer in the amount stipulated by generally binding laws or regulations. Justly claimed default interest is due and payable within 15 days after the Seller delivers to the Buyer a request to pay the default interest, following the procedure applicable to the payment of tax invoices.
CONTRACTUAL SANCTIONS. The Contracting Parties have agreed on the following sanctions for a breach of contractual obligations: The Seller undertakes to pay a contractual penalty of 0.05 % of the purchase price not including VAT in case it fails to deliver the Goods to the Buyer in the required quality as arranged in this Contract. The Seller undertakes to pay a contractual penalty of 0.02 % of the purchase price not including VAT for each commenced day arranged term of delivery (paragraph III(1) of the Contract) is exceeded. The Seller shall not be obliged to do so if the site specified for the installation was not prepared by the Buyer for the installation as of the date according to paragraph III(1), by which is understood no later than 120 days from the entry of the Contract in force. The Seller undertakes to pay a contractual penalty of 0.02 % of the purchase price not including VAT for each commenced day any of the time limits laid down in paragraph IV(8) of this Contract is exceeded, until the date of removal of the defect or other settlement. The Seller undertakes to pay a contractual penalty of 0.02 % of the purchase price not including VAT for each commenced day the time limit for removing a defect specified in the handover document according to paragraph III(5) of this Contract is exceeded, until the date of removal of the defect. The Buyer undertakes to pay a contractual penalty of 0.02% of the outstanding amount for each commenced day the payment term of the invoice is exceeded. The obliged Contracting Party shall pay the contractual penalties arranged in this Contract regardless of whether and to what extent the other Contracting Party incurs damages, which may be enforced separately, irrespective of its size. Compensation for damages includes actual damages and lost profit. The payment of a contractual penalty shall be without prejudice to the right to interest on late payment or the subsequent fulfilment of the Contract.
CONTRACTUAL SANCTIONS a) any data provided by the Grantee turns out to be false or not up-to-date, or
CONTRACTUAL SANCTIONS. The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: any data provided by the Grantee turns out to be false or not up-to-date, or the Grantee fails to deliver to the Fund any of the reports according to this Contract in time, or the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or the Grantee breaches any of its obligation arising from Article 7 hereof. The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to the Fund. The Fund shall be entitled to withdraw from the Contract, in case:
CONTRACTUAL SANCTIONS. In case of Seller’s delay in fulfilment of the subject-matter of the Contract agreed in the respective Partial Contract, the Buyer is entitled to invoice to the Seller a liquidated damage of 0.2% of the purchase price per each commenced day of delay, however up to the amount of 20% of the purchase price agreed in the respective Partial Contract as maximum. In case of debtor’s delay in fulfilling the financial obligation, the creditor is entitled to invoice to the debtor interest on late payment of 0.02% of the owing sum per each day of delay, however up to the amount of 20% of the owing sum as maximum. The application of a contractual fine agreed upon in this Contract does not affect the right for compensation of damage suffered by the other Contracting Party due to non-fulfillment of the contractual obligations secured by such contractual fine, in the amount exceeding the paid contractual fine. Circumstances Precluding Liability Circumstances precluding liability include an impediment that occurs independently of the will of the obliged party and prevent it from performing its obligations, if it cannot be reasonable expected that the obliged party could have avoided or overcome such impediment or consequences thereof, and furthermore that it could have foreseen such impediment at the time the commitment was established. The liability is not precluded in case of impediments occurring at such time that the obliged party is currently in delay in performance of its obligations, or arising on the basis of economic conditions of the obliged party.
CONTRACTUAL SANCTIONS. 1. Should the Contractor fail to meet the performance deadlines agreed in Article II paragraph 3 of this Agreement, the Contractor shall pay a contractual penalty to the Customer in the amount of 0.1% of the price of the work for each commenced day of default.
