Common use of Failure to Invest Clause in Contracts

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.

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.during

Failure to Invest. Failure to fulfill meet the investment obligationscommitments, in full or in part, shall give the Agency the right to the Agency to claim penalties in the amount of 120120 % (one hundred and twenty percentper cent) of the amount that the Buyer has failed to invest, in accordance with the provisions on applicable to the Investment Obligationcommitment to invest. The penalties shall be payable at the end of every each year of the Investment period Period during which the Buyer has failed to fulfill its investment obligationsobligation. Payment of The penalties related with regard to the failure to invest failure within in the agreed time period (as per the Business Plan) shall be effected within upon the expiry of two months after setting from the date specified for paymentthe execution thereof.