FINES OR PENALTIES Clause Samples
The "Fines or Penalties" clause establishes which party is responsible for paying any fines, penalties, or similar charges that may arise during the performance of the contract. Typically, this clause specifies whether the contractor, service provider, or client must bear the cost of penalties imposed by regulatory authorities due to non-compliance, delays, or other breaches. For example, if a contractor fails to obtain necessary permits and is fined by a government agency, this clause would clarify who pays the fine. Its core function is to allocate financial responsibility for regulatory or legal infractions, thereby reducing disputes and ensuring accountability.
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FINES OR PENALTIES fines or damages for breach of contract for late or non-completion of orders or any penalties of whatsoever nature are excluded from and not covered by the insurance.
FINES OR PENALTIES. You will reimburse us for any fines or penalties (and any associated costs, including reasonable attorneys’ fees and costs) imposed on or assessed against us by any Federal Reserve Bank, any network operator, any state or federal regulatory agency or other U.S. or foreign governmental body, or any clearinghouse or other third party having oversight or rulemaking authority over transactions facilitated using the Services, when the fine, penalty or other expense is caused by, or related to your data or use of the Services. Such amounts shall be immediately due and payable by you. Your obligation to pay us remains immediately due and payable whether or not the fine or penalty was imposed or assessed in accordance with any requirements of the Rules or Laws or any laws applicable to any party other than us and notwithstanding any claim you may have against another for breach of the same.
FINES OR PENALTIES. Client will reimburse Bank for any fines or penalties (and any associated costs, including reasonable attorneys’ fees and costs) imposed on or assessed against Bank by any Federal Reserve Bank, any network operator, any state or federal regulatory agency or other US or foreign governmental body, or any clearinghouse or other third party having oversight or rulemaking authority over transactions facilitated using the Services, when the fine, penalty or other expense is caused by or related to Client’s data or use of the Services. Such amounts shall be immediately due and payable by Client. Client’s obligation to pay Bank remains immediately due and payable whether or not the fine or penalty was imposed or assessed in accordance with any requirements of the Rules or Laws or any laws applicable to any party other than Bank and notwithstanding Bank or Client may have a claim against another for breach of the same.
FINES OR PENALTIES. No deductible applies to “crisis incident extra expense”.
FINES OR PENALTIES. You will reimburse the Bank for any fines or penalties (and any associated costs, including reasonable attorneys’ fees and costs) imposed on or assessed against the Bank by any Federal Reserve Bank, any network operator, any state or federal regulatory agency or other U.S. or foreign governmental body, or any clearinghouse or other third party having oversight or rulemaking authority over transactions facilitated using the Services, when the fine, penalty or other expense is caused by or related to your data or use of the Services. Such amounts shall be immediately due and payable by you. Your obligation to pay the Bank remains immediately due and payable whether or not the fine or penalty was imposed or assessed in accordance with any requirements of the Rules or Laws or any laws applicable to any party other than the Bank and notwithstanding the Bank or you may have a claim against another for breach of the same.
FINES OR PENALTIES. Member hereby agrees to pay any and all fines or penalties to the Corporation that may be assessed by the Board of Governors for infractions by a Member, its administrators, coaches, employees, agents and/or players.
FINES OR PENALTIES. AIRLINE shall hold harmless and reimburse AUTHORITY for any fine or penalty imposed as a result of AIRLINE'S failure to comply with any law, ordinance, rule or regulation.
FINES OR PENALTIES. Fines or penalties levied or imposed by a governmental entity because of discrimination.
3. This provision (Personal and Advertising Injury – Discrimination or Humiliation) does not apply if Personal and Advertising Injury Liability is excluded either by the provisions of the Policy or by endorsement.
FINES OR PENALTIES. Client will reimburse Bank for any fines or penalties (and any associated costs, including reasonable attorneys’ fees, allocated costs of in-house counsel, and expenses) imposed on or assessed against Bank by any Federal Reserve Bank, any network operator, any state or federal regulatory agency or other US or foreign governmental body, or any clearinghouse or other third party having oversight or rulemaking authority over transactions facilitated using the Services, when the fine, penalty or other expense is caused by or related to Client’s data or use of the Services. Such amounts are immediately due and payable by Client without demand. Client’s obligation to pay Bank remains immediately due and payable whether or not the fine or penalty was imposed or assessed in accordance with any requirements of the Rules or Laws or any laws applicable to any party other than Bank and notwithstanding Bank or Client may have a claim against another for breach of the same.