Penalties for Breach of Contract. 11.1. Without prejudice to other remedies or powers that the Contract or the Applicable Laws and Provisions may establish in favor of the Grantor in the event of the failure to comply with obligations, the Grantor may demand that the Concessionaire pay a penalty in accordance with the provisions set forth in Annex 12. This power may be exercised without prejudice to the Grantor’s decision regarding whether or not to terminate the Contract in accordance with Clause 13.
Appears in 4 contracts
Samples: SGT Concession Contract, SGT Concession Contract, SGT Concession Contract
