Common use of Penalty Clauses Clause in Contracts

Penalty Clauses. Maha-Metro can impose the fine on Licensee up to Rs.5,000/- per offence on the following offenses: - (i.) Any staff of Licensee found in drunken condition/indulging in bad conduct. (ii.) Any staff of the Licensee found creating nuisance. (iii.) Defacement of the Metro Property. (iv.) Dishonour of Cheques and Drafts submitted by Licensee to Maha-Metro. Cheques will be accepted only in emergency conditions & with the approval of Maha-Metro by official not below the rank of Additional General Manager.

Appears in 3 contracts

Samples: License Agreement, License Agreement, License Agreement

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