Common use of Penalties/liquidated Damages Clause in Contracts

Penalties/liquidated Damages. i) Wherein the Supplier fails to make deliveries as per signed contract & purchase order and within the stipulated time frame specified in the Schedule of Requirement, the Contract to the extent of non-delivered portion of supplies shall stand cancelled.

Appears in 3 contracts

Samples: Framework Contract, Framework Contract, Framework Contract

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Penalties/liquidated Damages. . i) Wherein the Supplier fails to make deliveries as per signed contract & purchase order and within the stipulated time frame specified in the Schedule of Requirement, the Contract to the extent of non-delivered portion of supplies shall stand cancelled.

Appears in 2 contracts

Samples: Framework Contract, Framework Contract

Penalties/liquidated Damages. i) Wherein the Supplier fails to make deliveries as per signed contract & purchase order and within the stipulated time frame specified in the Schedule of Requirement, the Contract to the extent of non-delivered portion of supplies shall stand cancelled.

Appears in 1 contract

Samples: Contract Agreement

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Penalties/liquidated Damages. i) ). Wherein the Supplier fails to make deliveries as per signed contract & purchase order and within the stipulated time frame specified in the Schedule of Requirement, the Contract to the extent of non-delivered portion of supplies shall stand cancelled. ii). After the cancellation of the Contract no supplies shall be accepted and the amount of Performance Guaranty/Security to the extent of non–delivered portion of supplies shall be forfeited.

Appears in 1 contract

Samples: Framework Contract

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