Failure to Invest. Failure to fulfill the investment obligations, in full or in part, shall give the right to the Agency to claim penalties in the amount of 120% (hundred and twenty percent) of the amount that the Buyer has failed to invest, in accordance with the provisions on the Investment Obligation. The penalties shall be payable at the end of every year of the Investment period during which the Buyer has failed to fulfill its investment obligations. Payment of penalties related to the invest failure within the agreed time period (as per Business Plan) shall be effected within two months after setting the date for payment. Payment of penalties shall release the Buyer only from the obligation to invest that refers to that particular penalty. The penalty amount can be deducted from the Performance Bond Guarantee Amount.
Failure to Invest. Failure to fulfill the investment obligations, in full or in part, shall give the right to the Agency to claim penalties in the amount of 120% (hundred and twenty percent) of the amount that the Buyer has failed to invest, in accordance with the provisions on the Investment Obligation. The penalties shall be payable at the end of every year of the Investment period during which the Buyer has failed to fulfill its investment obligations. Payment of penalties related to the invest failure within the agreed time period (as per Business Plan) shall be effected within two months after setting the date for payment. Payment of penalties shall release the Buyer only from the obligation to invest that refers to that particular penalty. The penalty amount can be deducted from the Performance Bond Guarantee Amount. If the Buyer has fulfilled his investments, but with delay, according to provisions of this Item, the Seller has right to claim penalties of 10% (ten percent) of the amount the Buyer failed to pay on time.
Failure to Invest. Failure to meet the investment commitments, in full or in part, shall give the Agency the right to claim penalties in the amount of 120 % (one hundred and twenty per cent) of the amount that the Buyer has failed to invest, in accordance with the provisions applicable to the commitment to invest. The penalties shall be payable at the end of each year of the Investment Period during which the Buyer has failed to fulfill its investment obligation. The penalties with regard to the failure to invest in the agreed period (as per the Business Plan) shall be effected upon the expiry of two months from the date specified for the execution thereof. The payment of the penalties shall release the Buyer from the obligation thereof to complete the investment only to the extent for which the penalties have been imposed. The penalties may be deducted from the amount of the Performance Bond for the investments. If the Buyer has meet the investment obligation with delay, the Seller is entitled, in accordance with the provisions of this Section, to claim penalties for the delay in the amount of 10 % (ten percent) of the amount that the Buyer has failed to invest in a timely manner.
Failure to Invest. Failure to invest the Port Initial Capital Expenditure Obligation and/or Initial Second Amendment Payment Warehouse Capital Obligation and/or failure to invest the Total Capital Expenditure Obligation and/or Minimum Warehouse Capital Obligation;
Failure to Invest
