Moratorium Conventional Penalties. The payment of penalties established at the Work or Delivery contracts, only upon moratorium penalties which shall not exceed the percentage established at the contract or order amount, under which the Principal obligations are stipulated to be established at the Inclusion Endorsement, will be guaranteed. The payment of said coverage will be the amount that may correspond according to the actual fulfillment of the obligation.
Appears in 4 contracts
Samples: General Bonding Agreement, General Bonding Agreement, General Bonding Agreement
