Common use of Financial Consequences Clause in Contracts

Financial Consequences. The Department shall apply the following financial consequences for failure to perform the minimum level of services required by this Agreement in accordance with Sections 215.971 and 287.058, Florida Statutes: a) The full amount of the first payment (fixed-price advance in the amount of 25% of the grant award) will be returned to the State of Florida if Deliverable 1 is not satisfactorily completed. b) Second payment will be withheld if Deliverables are not satisfactorily completed. c) Third payment will be withheld if Deliverables are not satisfactorily completed. d) Fourth payment will be withheld if Deliverables are not satisfactorily completed. e) Fifth payment will be withheld if Deliverables are not satisfactorily completed.

Appears in 21 contracts

Samples: Library Services and Technology Act Grant Agreement, Library Cooperative Grant Agreement, Library Services and Technology Act Grant Agreement

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Financial Consequences. The Department shall apply the following financial consequences for failure to perform the minimum level of services required by this Agreement in accordance with Sections 215.971 and 287.058, Florida Statutes: a) The full amount of the first First payment (fixed-price advance in the amount of 25% of the grant award) will be returned to the State of Florida withheld if Deliverable 1 is Deliverables are not satisfactorily completed. b) Second payment will be withheld if Deliverables are not satisfactorily completed. c) Third payment will be withheld if Deliverables are not satisfactorily completed. d) Fourth payment will be withheld if Deliverables are not satisfactorily completed. e) Fifth payment will be withheld if Deliverables are not satisfactorily completed.

Appears in 11 contracts

Samples: Grant Agreement, Library Construction Grant Agreement, Grant Agreement

Financial Consequences. The Department shall apply the following financial consequences for failure to perform the minimum level of services required by this Agreement in accordance with Sections 215.971 and 287.058, Florida Statutes: a) : The full amount of the first payment (fixed-price advance in the amount of 25% of the grant award) will be returned to the State of Florida if Deliverable 1 is not satisfactorily completed. b) . Second payment will be withheld if Deliverables are not satisfactorily completed. c) . Third payment will be withheld if Deliverables are not satisfactorily completed. d) . Fourth payment will be withheld if Deliverables are not satisfactorily completed. e) . Fifth payment will be withheld if Deliverables are not satisfactorily completed.

Appears in 6 contracts

Samples: Library Services and Technology Act Grant Agreement, Library Services and Technology Act Grant Agreement, Library Cooperative Grant Agreement

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Financial Consequences. The Department shall apply the following financial consequences for failure to perform the minimum level of services required by this Agreement in accordance with Sections 215.971 and 287.058, Florida Statutes: a) The full amount of the first payment (fixed-price advance in the amount of 25% of the grant award) will be returned to the State of Florida if Deliverable 1 is not satisfactorily completed. ba) Second payment will be withheld if Deliverables are not satisfactorily completed. cb) Third payment will be withheld if Deliverables are not satisfactorily completed. dc) Fourth payment will be withheld if Deliverables are not satisfactorily completed. ed) Fifth payment will be withheld if Deliverables are not satisfactorily completed.

Appears in 1 contract

Samples: Library Services and Technology Act Grant Agreement

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