Late Delivery Penalty Clause Samples
A Late Delivery Penalty clause imposes financial consequences on a party that fails to deliver goods or services by the agreed-upon deadline. Typically, this clause specifies a set amount or percentage to be deducted from payments or charged as a fee for each day or week the delivery is delayed. Its core practical function is to incentivize timely performance and compensate the receiving party for losses or inconvenience caused by late delivery.
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Late Delivery Penalty. Seller shall pay Kason late delivery penalties of 1.5% of unit price per calendar day of late delivery to an aggregate maximum of 30% of unit price for each day of late delivery for all Products not delivered by the delivery times specified in the PO or other written notice to Seller.
Late Delivery Penalty. So long as Buyer shall have performed all --------------------- of its obligations under this Agreement, shall have satisfied the conditions described in clauses (i) and (ii) of Section 5.9.2, and is otherwise ready, willing and able to proceed with the Closing on the Closing Date, there shall be a reduction in the Purchase Price of the sum of Ten Thousand Dollars ($10,000.00) for each such day the Closing is delayed after the Closing Date solely by reason of Seller's inability to accomplish the complete vacation of the Property and otherwise satisfy the conditions described in
1. The reduction in the Purchase Price under this Section 2.6 shall be limited to a maximum of Five Hundred Thousand Dollars ($500,000.00).
Late Delivery Penalty. A penalty of one dollar per gallon per day will be imposed when a scheduled delivery is late by more than three calendar days.
Late Delivery Penalty. So long as Buyer shall have performed --------------------- all of its obligations under this Agreement, shall have satisfied the conditions described in clauses (i) and (ii) of Section 5.9.2, and is otherwise ready, willing and able to proceed with the Closing on the Closing Date, there shall be a reduction in the Purchase Price of the sum of Ten-Thousand Dollars ($10,000.00) for each such day the Closing is delayed after the Closing Date solely by reason of Seller's inability to accomplish the complete vacation of the Property (other than the Reserved Areas) and otherwise satisfy the conditions described in clauses (i), (iii), (iv) and (v) of Section 5.9.
1. The reduction in the Purchase Price under this Section 2.6 shall be limited to a maximum of Eight-Hundred Thousand Dollars ($800,000.00).
Late Delivery Penalty. Allegheny Bradford is committed to providing its customers the highest quality products on time. Our schedule is based on confirmation dates supplied by our suppliers. Any disruption in delivery of material will have a direct effect on our schedule and customers. In the case of delayed delivery except for Force Majeure cases, the Seller shall pay to Allegheny Bradford Corporation for every week of delay, penalty amounting to 1.0% of the total value of the Equipment whose delivery has been delayed. Any fractional part of a week is to be considered a full week. The total amount of penalty shall not, however, exceed 5% of the total value of the Equipment involved in late delivery. Note: Material that is rejected at Incoming Inspection will be considered late. When a shipment becomes late, seller shall modify the shipment method to Next Day and assume the additional cost of the expedited shipping rate.
Late Delivery Penalty. The Supplier shall pay IUCC a compensation of 2500NIS for every business day in which the OSD, for each Service Item (other than Service Items that are to be moved at the request of IUCC), is later than that specified in Annex 1, section 3. IUCC shall deduct any sum the Supplier shall owe it in terms of this section from the first payment it shall make to the Supplier.
Late Delivery Penalty. Seller shall pay Back Of The House late delivery penalties of 1.5% of unit price per calendar day of late delivery to an aggregate maximum of 30% of unit price for each day of late delivery for all Products not delivered by the delivery times specified in the PO or other written notice to Seller.
Late Delivery Penalty. 1. If the delivery date of goods is not met, the Supplier shall be charged a 0.5% late delivery penalty of the contracted invoice sum for every commenced week of delay, if the conditions governing the late delivery penalty are not stated the in relevant order or contract.
2. The late delivery penalty shall not be affected or lowered by arbitration proceedings and the Buyer, when settling the invoice sum, shall be able to lower the price of the delivery by the sum of the charged late delivery penalty.
