Common use of CONTRACTUAL SANCTIONS Clause in Contracts

CONTRACTUAL SANCTIONS. 9.1 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: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund the Final Report or the Financial Settlement according to this Contract in time, or c) 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 d) the Grantee breaches any of its obligation arising from Article 8 hereof. 9.2 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. 9.3 The Fund shall be entitled to withdraw the Contract in case: a) any of the contractual obligations are breached by the Grantee, or b) any kind of false/incorrect data/information is provided by the Grantee, or c) any of the contractual requirements are not met by the Grantee, or

CONTRACTUAL SANCTIONS. 9.1 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: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the Final Report or the Financial Settlement reports according to this Contract in time, or c) 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 d) the Grantee breaches any of its obligation arising from Article 8 hereof. 9.2 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 's right to request a damage compensation for any damages caused to the Fund. 9.3 The Fund shall be entitled to withdraw the Contract in case: a) any of the contractual obligations are breached by the Grantee, or b) any kind of false/incorrect data/information is provided by the Grantee, or c) any of the contractual requirements are not met by the Grantee, or

CONTRACTUAL SANCTIONS. 9.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20of20% of the amount of the Grant (the “"Contractual Penalty”) "), if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund the Final Fina[ Report or the Financial Settlement according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms tenns stipulated in this Contract, or d) the Grantee breaches any of its ofits obligation arising from Article 8 hereof. 9.2 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 Funďs right to request a damage compensation for any damages caused to the Fund. 9.3 The Fund shall be entitled to withdraw the Contract in case: a) any of the ofthe contractual obligations are breached by the Grantee, or b) any kind of falseoffalse/incorrect data/information is provided by the Grantee, or c) any of the ofthe contractual requirements are not met by the Grantee, or

CONTRACTUAL SANCTIONS. 9.1 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: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund the Final Report or the Financial Settlement Statement according to this Contract in time, or c) 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 d) the Grantee breaches any of its obligation arising from Article 8 hereof. 9.2 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. 9.3 The Fund shall be entitled to withdraw the Contract in case: a) any of the contractual obligations are breached by the Grantee, or b) any kind of false/incorrect data/information is provided by the Grantee, or c) any of the contractual requirements are not met by the Grantee, or

CONTRACTUAL SANCTIONS. 9.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of o f 20% of o f the amount of o f the Grant (the “Contractual Penalty”) if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund the Final Report or the Financial Settlement Overview according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of o f it is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of o f its obligation arising from Article 8 hereof. 9.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of o f the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to lo the Fund. 9.3 The fhe Fund shall be entitled to withdraw the Contract in case: a) any of o f the contractual obligations are breached by the Grantee, or b) any kind of false/incorrect data/information is provided by the Grantee, or or c) any of o f the contractual requirements are not met by the Grantee, or d) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation o f the Project.

CONTRACTUAL SANCTIONS. 9.1 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: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund the Final Report or the Financial Settlement according to this Contract in time, or c) 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, oro d) the Grantee breaches any of its obligation arising from Article 8 hereof. 9.1 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: 9.2 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. 9.3 The Fund shall be entitled to withdraw the Contract in case: a) any of the contractual obligations are breached by the Grantee, or b) any kind of false/incorrect data/information is provided by the Grantee, or c) any of the contractual requirements are not met by the Grantee, or