From Supplier. If Supplier fails to deliver any Equipment and/or Services within the specified schedule time, except under those conditions defined as Force Majeure or due to Customer’s fault, Customer may claim from Supplier as liquidated damages a sum equivalent to zero point one percent (0.1%) of the contract value of the Equipment and/or Services delayed, which shall be applied on daily basis, from the due date until the full settlement of the delayed Equipment or Services. In any event, the aggregate sum of liquidated damages for any such delay shall not exceed five per cent (5%) of the total value of the Equipment and/or Services delayed or any part thereof.
Appears in 2 contracts
Samples: Equipment Contract (VelaTel Global Communications, Inc.), Equipment Contract (VelaTel Global Communications, Inc.)
From Supplier. If Supplier fails to deliver any Equipment and/or Services within the specified schedule time, except under those conditions defined as Force Majeure or due to Customer’s fault, Customer may claim from Supplier as liquidated damages a sum equivalent to zero point one percent (0.1%) of the contract value of the Equipment and/or Services delayed, which shall be applied on daily basis, from the due date until the full settlement of the delayed Equipment or Services. In any event, the aggregate sum of liquidated damages for any such delay shall not exceed five Five per cent (5%) of the total value of the Equipment and/or Services delayed or any part thereof.
Appears in 1 contract
From Supplier. If Supplier fails to deliver any Software and/or Equipment and/or or Services to which such Software relates within the specified schedule time, except under those conditions defined as Force Majeure or due to Customer’s fault, Customer may claim from Supplier as liquidated damages a sum equivalent to zero point one percent (0.1%) of the contract value of the Equipment Software, Equipment, and/or Services delayed, which shall be applied on daily basis, from the due date until the full settlement of the delayed Software, Equipment or Services. In any event, the aggregate sum of liquidated damages for any such delay shall not exceed five per cent (5%) of the total value of the Software, Equipment and/or Services delayed or any part thereof.
Appears in 1 contract
Samples: Software Contract (VelaTel Global Communications, Inc.)
From Supplier. If Supplier fails to deliver any Equipment and/or Services within the specified schedule time, except under those conditions defined as Force Majeure or due to Customer’s fault, Customer may claim from Supplier as liquidated damages a sum equivalent to zero point one percent (0.1%) of the contract value of the Equipment and/or Services delayed, which shall be applied on daily basis, from the due date until the full settlement of the delayed Equipment or Services. In any event, the aggregate sum of liquidated damages for any such delay and all delays shall not exceed five per cent (5%) of the total value of the Equipment and/or Services delayed or any part thereof.
Appears in 1 contract
Samples: Sales Contract (VelaTel Global Communications, Inc.)