PENALTY FOR BREACH OF CONTRACT Sample Clauses

PENALTY FOR BREACH OF CONTRACT. On the breach of any term or condition of this contract by the contractor the said Nagar Xxxxx/Nagar Palika/Nagar Panchayatshall be entitled to forfeit the Security deposit or the balance thereof that may at the time be remaining, and to realise and retain the same as damages and compensation for the said breach but without prejudice to the right of the Nagar Xxxxx/Nagar Palika/Nagar Panchayat to recover further sums as damages from any sums due or which may become due to the contractor by Nagar Xxxxx/Nagar Palika/Nagar Panchayat or otherwise howsoever. ANNEXURE – “E” SECHUDLE OF ITEMS (BILLS OF QUANTITY) Sr. No Reference to item No. of S.O.R. (in any) Description of item Unit Quantity Rate in figure per unit (Rs.. .) Rate in words per unit(Rs….) Amount in (figure) Remark 5 etc etc Contractor (Signature with name and seal of Authorised signatory of the contractor 1) The value of total tendered cost is for Rs. ……………………………….. and 2) The total value of all S.O.R. items (excluding non S.O.R. items) as per sanctioned estimate is Rs. ……………….. (in figure) (rupees in words) NAGAR XXXXX / NAGAR PALIKA PARISHAD / NAGAR PANCHAYAT DETAILED NOTICE INVITING TENDER (In FORM A,B,C) N.I.T. No :- …………………….. DATE ……………..
Sample 1Sample 2Sample 3See All (13)
AutoNDA by SimpleDocs
PENALTY FOR BREACH OF CONTRACT. 6.1 Party B shall ensure the delivery of assets to Party A on time in accordance with the Agreement or each specific Purchase Order, depending on the case of delay in asset formation as committed in Article 5.2 or delay in each specific Purchase Order. In case Party B delays to deliver the assets on schedule (but not due to force majeure events and not due to Party A’s fault), Party B shall be subject to a penalty of [***] of the [***] for each day of delay, but the total delay shall not be more than [***] days. The total penalty value shall not exceed [***] of the [***].
Sample 1Sample 2
PENALTY FOR BREACH OF CONTRACT. 4.1 If the measures taken by the INDEPENDENT WORKSHOP to restrict and safeguard the use of the data described in Article 2 are inadequate and the data is used for another purpose, the INDEPENDENT WORKSHOP shall be obligated to pay a penalty for breach of contract to the sum of EUR 20,000.00 for each infringement, and hereby agrees that several infringements shall not be treated as one continued infringement.
Sample 1Sample 2
PENALTY FOR BREACH OF CONTRACT. 1. Licensee is obliged to indemnify Licenser for only actual damage, which Licenser incurs as a result of a violation of this Agreement by Licensee. Licensee is not obliged to reimburse Licenser for special, indirect, consequential or incidental damages – except violation according §11.4 and/or §3.1j of this agreement. In case §11.4 and/or §3.1j is violated, liquidated damages of the aggregated value of this agreement, as outlined in §7.5 are payable by licensee within one month after evidence of breach of this agreement.
Sample 1
PENALTY FOR BREACH OF CONTRACT. In the event that the Lessee needs to terminate the lease agreement early, the Lessee will be responsible for rent through the expiration of the lease or until the property is leased to another tenant, whichever comes first.
Sample 1
PENALTY FOR BREACH OF CONTRACT. I. If Party A or any third party suffers damage or [failure to restore to the original state in accordance with the Contract] due to factors attributable to Party B, Party B shall be liable for indemnifying Party A or such third party against all damage loss (including but not limited to attorney fees or indemnification and compensation expenses for the third party). If Party A is claimed by any third party for damages, Party B shall assist in providing explanations and clarify the liability for compensation.
Sample 1

Related to PENALTY FOR BREACH OF CONTRACT

  • Liability for Breach of Contract 1. Any Party who violates the provisions of this Agreement and makes all or part of this Agreement unenforceable, shall be liable for breach of contract and shall compensate the other Party for the losses caused thereby (including the litigation fees and attorney fees caused thereby). If both Parties breach this Agreement, each shall bear the corresponding responsibility according to the actual situations.

  • Liabilities for Breach of Contract If any Party to this Agreement fails to, according to the provisions of this Agreement, appropriately and fully perform its obligations, such Party shall be liable for breach of contract. Any damages and costs incurred by the non-breaching Party, due to a breach of contract by the breaching Party, shall be paid by the breaching Party to the non-breaching Party.

  • Liability for Breach of Agreement During the term of this Agreement, any violation of any provisions herein by either party constitutes breach of contract and the breaching party shall compensate the non-breaching party for the loss incurred as a result of this breach.

  • Damages for Breach of Contract In the event of a breach of this Agreement by either the Corporation, Bank or the Executive resulting in damages to another party to this Agreement, that party may recover from the party breaching the Agreement only those damages as set forth herein. In no event shall any party be entitled to the recovery of attorney's fees or costs.

  • Liability for Breach 10.1 Either Party’s direct or indirect violation of any provisions hereof or failure to assume its obligations hereunder or failure to assume such obligations in a timely and adequate manner shall constitute breach of this Agreement. The non-breaching Party (“Non-Breaching Party”) shall have the right to require the breaching Party (“Breaching Party”) by written notice to redress its breach and take adequate, effective and timely measures to eliminate the consequences of such breach, and indemnify against the losses incurred by the Non-Breaching Party due to the breach of the Breaching Party.

  • Liabilities for Breach of Agreement 9.1 In the event any Party failed to perform any of its obligations under this Agreement, or made any untrue or inaccurate representations or warranties, such Party shall be liable for all the losses of other Parties for breach of the Agreement. This Article 9 shall not influence any other right of Party A under this Agreement.

  • Breach of Contract The failure of the Contractor to comply with any of the provisions, covenants or conditions of this Contract shall be a material breach of this Contract. In such event the County may, and in addition to any other remedies available at law, in equity, or otherwise specified in this Contract:

  • Remedy for Breach The Executive agrees that in the event of a material breach or threatened material breach of any of the covenants contained in this Paragraph 6, the Company will have the right and remedy to have such covenants specifically enforced by any court having jurisdiction, it being acknowledged and agreed that any material breach of any of the covenants will cause irreparable injury to the Company and that money damages will not provide an adequate remedy to the Company.

  • NO BREACH OF CONTRACT The Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements entered into by and between the Executive and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into this Agreement or carrying out his duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as the case may be.

  • Liabilities for Breach 9.1 The Parties agree and confirm that, if any of the Parties (the “Breaching Party”) is materially in breach of any provision hereof, or materially fails or delays in performing any of the obligations hereunder, a breach hereof is constituted (a “Breach”), and any of the other Parties which does not commit any Breach (a “Non-breaching Party”) has the right to require that the Breaching Party rectify it or take a remedial action within a reasonable period. If the Breaching Party fails to rectify the Breach or take remedial actions within the reasonable period or within ten (10) days of the other Party’s written rectification notice, then:

Time is Money Join Law Insider Premium to draft better contracts faster.