Common use of Non-compliance Penalties for Local Content Clause in Contracts

Non-compliance Penalties for Local Content. (N/A) a) If for any reason the Supplier is unable to achieve the local content undertaking, the Supplier must approach the Department of Trade and Industry (“DTI”) to obtain exemption in order to supply the goods at a lower local content threshold. The Supplier is obliged to approach DTI for exemption within ten (10) days of determining that it is unable to achieve any local content threshold. b) Should the DTI provide exemption, the Supplier shall be entitled to provide the goods at the lower local content threshold set by DTI. In such event, the Parties shall in good faith renegotiate the local content undertaking to ensure that the lowered local content thresholds are achieved.

Non-compliance Penalties for Local Content. (N/A) a) If for any reason the Supplier is unable to achieve the local content undertaking, the Supplier must approach the Department of Trade and Industry (“DTI”) to obtain exemption in order to supply the goods at a lower local content threshold. The Supplier is obliged to approach DTI for exemption within ten 10 (10ten) days of determining that it is unable to achieve any milestone target or local content threshold. b) Should the DTI provide exemption, the Supplier shall be entitled to provide the goods at the lower local content threshold set by DTI. In such event, the Parties shall in good faith renegotiate the milestone targets or local content undertaking to ensure that the lowered local content thresholds are achieved.

Non-compliance Penalties for Local Content. (N/A)➢ a) If for any reason the Supplier is unable to achieve the local content undertaking, the Supplier must approach the Department of Trade and Industry (“DTI”) to obtain exemption in order to supply the goods at a lower local content threshold. The Supplier is obliged to approach DTI for exemption within ten 10 (10ten) days da`ys of determining that it is unable to achieve any milestone target or local content threshold. b) Should the DTI provide exemption, the Supplier shall be entitled to provide the goods at the lower local content threshold set by DTI. In such event, the Parties shall in good faith renegotiate the milestone targets or local content undertaking to ensure that the lowered local content thresholds are achieved.

Non-compliance Penalties for Local Content. (N/A) a) If for any reason the Supplier is unable to achieve the local content undertaking, the Supplier must approach the Department of Trade and Industry (“DTI”) to obtain exemption in order to supply the goods at a lower local content threshold. The Supplier is obliged to approach DTI for exemption within ten (10) days of determining that it is unable to achieve any local content threshold. b) Should the DTI provide exemption, the Supplier shall be entitled to provide the goods at the lower local content threshold set by DTI. In such event, the Parties shall in good faith renegotiate the local content undertaking to ensure that the lowered local content thresholds are achieved.