Common use of Penalties for OBJECTIONS Clause in Contracts

Penalties for OBJECTIONS. 18.2.5.1 FITEL shall make supervisions prior to the performance of disbursements indicated in the Thirteenth Clause of the FINANCING CONTRACT. The supervisions will be made according to the protocols approved by XXXXX.

Appears in 3 contracts

Samples: Financing Agreement, Financing Agreement, Financing Agreement

AutoNDA by SimpleDocs

Penalties for OBJECTIONS. 18.2.5.1 FITEL shall make supervisions prior to the performance of disbursements indicated in the Thirteenth Fourteenth Clause of the FINANCING CONTRACT. The supervisions will be made according to the protocols approved by XXXXX. 18.2.5.2 FITEL shall apply a penalty of one (01) UIT for each one of the OBJECTIONS indicated as follows, per BENEFICIARY LOCALITY or station/node indicated in the SUPERVISION REPORT OF THE ACCESS NETWORK, with the indication that the application of this penalty does not release THE CONTRACTOR of the compliance of these obligations.

Appears in 3 contracts

Samples: Financing Agreement (Gilat Satellite Networks LTD), Financing Agreement (Gilat Satellite Networks LTD), Financing Agreement (Gilat Satellite Networks LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!