Financial Consequence Sample Clauses
The Financial Consequence clause defines the monetary outcomes or penalties that result from a party's failure to meet specific contractual obligations. Typically, this clause outlines the types of financial liabilities, such as fines, damages, or compensation, that may be imposed if certain terms are breached or if performance standards are not met. By clearly specifying the financial repercussions of non-compliance, the clause helps allocate risk between parties and incentivizes adherence to the contract, thereby reducing ambiguity and potential disputes over damages.
Financial Consequence. Reimbursement payment for transportation services shall not be provided to the Grantee until trips are provided and documentation supporting such services has been approved. In addition, payment shall not be provided to the Grantee for capital until the capital has been received and proof of payment and other back up documentation as requested is provided to the Commission. The project must be completed (capital received and approved by the Grantee) no later than June 30, 2024.
Financial Consequence. The Financial Consequence shall include details of:-
8.4.1 the estimated capital expenditure (if any), including any capital replacement costs, arising from or required to implement the Change;
8.4.2 the estimated increase in operating expenditure relating to the provision of the Services, with an analysis showing the costs of staff, consumables, sub-contracted and bought-in services, after the Change is implemented;
8.4.3 any interest, expenses or other third party financing costs to be incurred as a result of implementing the Change;
8.4.4 details of any estimated overhead recoveries and long term cost savings that are anticipated after the Change is implemented; and
8.4.5 the profit which the Operator seeks to achieve in the provision of the additional parts of the Services.
Financial Consequence. Payment shall not be made to the Grantee unless tasks have been completed and back up documentation as requested is provided to the Commission. The project must be completed no later than June 30, 2022.
Financial Consequence. If the Producer fails to provide data, the District may recoup from the previously paid reimbursement $100 per day, not to exceed $5,000, for each day past the date the IV is due. Nonperformance Consequences: If the Producer does not meet the reporting requirements of Task 3 up to 10 business days after the IV site visit is completed, FDACS reserves the right to withhold future participation in cost reimbursement funding through the Office of Agricultural Water Policy for a minimum of three (3) years.
Financial Consequence. The Financial Consequence shall include details of:-
9.4.1 the estimated capital expenditure (if any), including any capital replacement costs, arising from or required to implement the Change;
9.4.2 the estimated increase or decrease in operating expenditure relating to the provision of the Services, with an analysis showing the costs of staff, consumables, sub-contracted and bought-in services, after the Change is implemented, information on resource costs including future impact of changes on revenues and profits, broken down by financial year, and estimated level of these costs;
9.4.3 any interest, expenses or other third party financing costs to be incurred as a result of implementing the Change;
9.4.4 details of any estimated overhead recoveries and long term cost savings that are anticipated after the Change is implemented; and
9.4.5 the profit which the Operator seeks to achieve in the provision of the additional parts of the Services.
Financial Consequence. Reimbursement payment for transportation services shall not be provided to the Grantee until documentation supporting such services has been approved. The project must be completed no later than June 30, 2023.
Financial Consequence sIf you fail to provide the minimum level of services required by this Contract, we wi ll temporarily withhold reimbursement, disallow all or part of services not in compliance , or will terminate the contract.