Financial Consequences for Failure to Timely and Satisfactorily Perform. Failure to complete the deliverables and/or tasks in accordance with the requirements of this Agreement, and in particular, as specified above in Section 4, DELIVERABLES, will result in DEO’s assessment of the specified financial consequences. If appropriate, should the Parties agree in writing to a corrective action plan in lieu of the immediate imposition of financial consequences, the plan shall specify additional financial consequences to be applied after the effective date of the corrective action plan. This provision for financial consequences shall in no manner affect DEO’s rights under this Agreement, at law, or in equity, including but not limited to, DEO’s right to terminate this Agreement as provided elsewhere in this Agreement. Grantee’s payment of imposed financial consequences shall be in accordance with applicable provisions of this Agreement, and this Scope of Work.
Appears in 3 contracts
Samples: Florida Job Growth Infrastructure Grant Agreement, Florida Job Growth Infrastructure Grant Agreement, Florida Job Growth Infrastructure Grant Agreement
Financial Consequences for Failure to Timely and Satisfactorily Perform. Failure to complete the deliverables and/or tasks in accordance with the requirements of this Agreement, and in particular, as specified above in Section 4, DELIVERABLES, will result in DEOCommerce’s assessment of the specified financial consequences. If appropriate, should the Parties agree in writing to a corrective action plan in lieu of the immediate imposition of financial consequences, the plan shall specify additional financial consequences to be applied after the effective date of the corrective action plan. This provision for financial consequences shall in no manner affect DEOCommerce’s rights under this Agreement, at law, or in equity, including but not limited to, DEOCommerce’s right to terminate this Agreement as provided elsewhere in this Agreement. GranteeXxxxxxx’s payment of imposed financial consequences shall be in accordance with applicable provisions of this Agreement, and this Scope of Work.
Appears in 1 contract
