Common use of PENAL CLAUSE Clause in Contracts

PENAL CLAUSE. 1. In case the Contractor is delayed in finishing and delivering the Work and fails to meet the given deadline of handover on the 24th September 2016, 5:00 a.m., the Contractor must pay the Client, a fine in the amount equal to 1,5 percent (1,5%) of the final Price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every hour of delay until works are performed or until 27th September 2016 passes. 2. In case the Contractor fails to comply with any of Work requirements specified in Annex no. 1 to this Contract and in Article VI, paragraph 2 (e.g. material, quality, etc.), the Contractor shall rectify such failure within the time specified in delivery and acceptance report. Failure to do so, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final Price (excluding any options not awarded and any variation order) per day (including Sundays & Public Holidays), for every day of delay until works are performed or until 27th September passes. 3. In case the Contractor fails to commence with the flaw rectification within the period specified in Article VI, paragraph 3 of this Contract, the Contractor must pay the Client a fine in the amount equal to 10% of the Work final price. In case the Contractor fails to rectify the flaw within the period specified in Article VI, paragraph 3 of this Contract, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final contract price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every day of delay until works are performed or until 27th September 2016 passes. 4. The contractual fine will be balanced against the amount of the final invoice issued upon the Work completion. The due fine will be deducted from the final balance the Client will pay to the Contractor. 5. Any contractual penalty settlement does not exclude the right to claim the damage.

PENAL CLAUSE. 1. In case the Contractor is delayed in finishing and delivering the Work and fails to meet the given deadline of handover on the 24th 23th September 20162017, 5:00 a.m., the Contractor must pay the Client, a fine in the amount equal to 1,5 percent (1,5%) of the final Price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every hour of delay until works are performed or until 27th 26th September 2016 2017 passes. 2. In case the Contractor fails to comply with any of Work requirements specified in Annex no. 1 to this Contract and in Article VI, paragraph 2 (e.g. material, quality, etc.), the Contractor shall rectify such failure within the time specified in delivery and acceptance report. Failure to do so, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final Price (excluding any options not awarded and any variation order) per day (including Sundays & Public Holidays), for every day of delay until works are performed or until 27th 26th September passes. 3. In case the Contractor fails to commence with the flaw rectification within the period specified in Article VI, paragraph 3 of this Contract, the Contractor must pay the Client a fine in the amount equal to 10% of the Work final price. In case the Contractor fails to rectify the flaw within the period specified in Article VI, paragraph 3 of this Contract, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final contract price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every day hour of delay until works are performed or until 27th 26th September 2016 2017 passes. 4. The contractual fine will be balanced against the amount of the final invoice issued upon the Work completion. The due fine will be deducted from the final balance the Client will pay to the Contractor. 5. Any contractual penalty settlement does not exclude the right to claim the entire damage.

PENAL CLAUSE. 1. In case the Contractor is delayed in finishing and delivering the Work and fails to meet the given deadline of handover on the 24th 15th September 20162018, 5:00 a.m.14:00 p.m. CET, the Contractor must is obliged to pay the Client, a fine in the amount equal to 1,5 percent (1,5%) of the final Price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every hour of delay until works are performed or until 27th 18th September 2016 2018, 22:00 p.m. passes. 2. In case the Contractor fails to comply with any of Work requirements specified in Annex no. 1 to this Contract and in Article VI., paragraph 2 (e.g. material, quality, etc.), the Contractor shall rectify such failure within the time specified in delivery and acceptance report. Failure Failing to do so, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final Price (excluding any options not awarded and any variation order) per day (including Sundays & Public Holidays), for every day of delay until works are performed or until 27th 18th September 22:00 p.m. passes. 3. In case the Contractor fails to commence with the flaw rectification within the period specified in Article VI., paragraph 3 of this Contract, the Contractor must pay the Client a fine in the amount equal to 10% of the Work final price. In case the Contractor fails to rectify the flaw within the period specified in Article VI., paragraph 3 of this Contract, the Contractor must pay the Client, a fine in the amount equal to 10 1,5 percent (101,5%) of the final contract price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every day hour of delay until works are performed or until 27th 18th September 2016 2018, 22:00 p.m. passes. 4. The contractual fine will be balanced against the amount of the final invoice issued upon the Work completion. The due fine will be calculated and deducted from the final balance which the Client will should pay to the Contractor. 5. Any contractual penalty settlement does not exclude the right of the Client to claim the damageentire damage (direct or indirect).

PENAL CLAUSE. 1. In case the Contractor is delayed in finishing and delivering the Work and fails to meet the given deadline of handover on the 24th September 20167th April 2019, 5:00 a.m.14:00 p.m. CET, the Contractor must is obliged to pay the Client, a fine in the amount equal to 1,5 percent (1,5%) of the final Price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every hour of delay until works are performed or until 27th September 2016 10th April 2019, 22:00 p.m. passes. 2. In case the Contractor fails to comply with any of Work requirements specified in Annex no. 1 to this Contract and in Article VI., paragraph 2 (e.g. material, quality, etc.), the Contractor shall rectify such failure within the time specified in delivery and acceptance report. Failure Failing to do so, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final Price (excluding any options not awarded and any variation order) per day (including Sundays & Public Holidays), for every day of delay until works are performed or until 27th September 10th April 22:00 p.m. passes. 3. In case the Contractor fails to commence with the flaw rectification within the period specified in Article VI., paragraph 3 of this Contract, the Contractor must pay the Client a fine in the amount equal to 10% of the Work final price. In case the Contractor fails to rectify the flaw within the period specified in Article VI., paragraph 3 of this Contract, the Contractor must pay the Client, a fine in the amount equal to 10 1,5 percent (101,5%) of the final contract price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every day hour of delay until works are performed or until 27th September 2016 10th April 2019, 22:00 p.m. passes. 4. The contractual fine will be balanced against the amount of the final invoice issued upon the Work completion. The due fine will be calculated and deducted from the final balance which the Client will should pay to the Contractor. 5. Any contractual penalty settlement does not exclude the right of the Client to claim the damageentire damage (direct or indirect).

PENAL CLAUSE. 1. In case the Contractor is delayed in finishing and delivering the Work and fails to meet the given deadline of handover on the 24th September 201619th October 2021, 5:00 a.m.4:00 p.m. CET, the Contractor must is obliged to pay the Client, a fine in the amount equal to 1,5 percent (1,5%) of the final Price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every hour of delay until works are performed or until 27th September 2016 21st October 2021, 10:00 p.m. passes. 2. In case the Contractor fails to comply with any of Work requirements specified in Annex no. 1 to this Contract and in Article VI., paragraph 2 (e.g. material, quality, etc.), the Contractor shall rectify such failure within the time specified in delivery and acceptance report. Failure Failing to do so, the Contractor must pay the Client, a fine in the amount equal to 10 percent (10%) of the final Price (excluding any options not awarded and any variation order) per day (including Sundays & Public Holidays), for every day of delay until works are performed or until 27th September 21st October 2021, 10:00 p.m. passes. 3. In case the Contractor fails to commence with the flaw rectification within the period specified in Article VI., paragraph 3 of this Contract, the Contractor must pay the Client a fine in the amount equal to 10% of the Work final price. In case the Contractor fails to rectify the flaw within the period specified in Article VI., paragraph 3 of this Contract, the Contractor must pay the Client, a fine in the amount equal to 10 1,5 percent (101,5%) of the final contract price (excluding any options not awarded and any variation order) per hour (including Sundays & Public Holidays), for every day hour of delay until works are performed or until 27th September 2016 21st October 2021, 10:00 p.m. passes. 4. The contractual fine will be balanced against the amount of the final invoice issued upon the Work completion. The due fine will be calculated and deducted from the final balance which the Client will should pay to the Contractor. 5. Any contractual penalty settlement does not exclude the right of the Client to claim the damageentire damage (direct or indirect).