Common use of List of Penalties Clause in Contracts

List of Penalties. list of penalties due for improper performance or failure to perform the Agreement (including, but not limited to the General Terms and Conditions) indicated in the Agreement. For the avoidance of doubt, provided that as a result of the failure of the Lessee there are grounds for imposing any defaults by the Lessor, the Lessor shall have the right to apply all penalties cumulatively. Claiming penalties does not relieve the Lessee of his obligation to cover all documented expenses in connection with the remedy of the damages incurred as a result of the non-performance.

Appears in 5 contracts

Samples: Vehicle Lease and Services Agreement, Vehicle Lease and Services Agreement, Vehicle Lease and Services Agreement

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