Imposition of Penalty. All charges brought against a Professional must be in written form, and submitted to the President/CEO of the ADA.
Imposition of Penalty. 13.1 Penalty for deficiency in services shall be imposed & recovered from the Contractor. Details of deficiencies are given as under: - S/N Offence Penalty (with or without warning) each case
Imposition of Penalty delayed payment charges by either party, specifying the rate and the period • Penalty and other charges levied by Exchanges pertaining to trading of the client shall be recovered from the respective client. • If there is delay on the part of the client in satisfying his / her margin obligation or settlement obligation then XXXXXXX XXXXXXX PVT LTD. shall levy delayed payment charges at the rate of 12% p.a. on such shortfall for the period of delay on such client. XXXXXXX XXXXXXX PVT LTD. shall recover such delayed payment charges from the client by debiting the client’s account. • No interest or charges will be paid by XXXXXXX XXXXXXX PVT LTD. to any client in respect of retention of funds or securities towards meeting future settlement obligations and in respect of running account authorizations.
Imposition of Penalty. 20.1 The Committee may impose penalties on the financial institutions breaching the agreement that separately reached by the Creditor Financial Institutions or the Committee's mediation in an amount up to 30% of Claim Amount of such financial institution or 50% of the amount in breach.
Imposition of Penalty. In case any equipment/ system remains down beyond the admissible downtime specified elsewhere in the bidding document, penalty will be imposed on the bidder. The amount of penalty on downtime for each equipment/ systems shall be calculated per quarter. The maximum penalty that can be imposed in a quarter will be 10% of the contract value.
Imposition of Penalty. 33. If Associate breaches any of the provisions of this Agreement, violates any applicable law orregulation or engages in any false, misleading or unfair trade practice, including but not limited to, making misleading income representations or making promises to potential Customers, or other Associates that cannot be kept by Associate, (herein called "Violation") any such Violation is grounds for the imposition of penalty, as more fully set forth hereafter.The Company may suspend Associate, including suspension of incentive earned at the time, pending investigation of any alleged Violation. Associate shall be given notice of the alleged Violation by e-mail, fax or other rapid method of communication and shall have 07 (seven) days thereafter to respond in writing (verbal response will not be considered) to any alleged Violation (s), failing which, the Company can consider the allegations to be true. (It is Associate's responsibility to see that Company receives the response, with supporting documentation, if any, within the seven-day period.) If at the end of the investigation it is determined that Associate is to be penalized, the date of the imposition of the penalty can be, at the Company's option,
Imposition of Penalty
