Penalty for Late Delivery. Except in case of force majeure, CERN reserves the right to apply a penalty of 1% of the total contract price as defined in Article 2 herein, for each complete week of delay of the delivery date for the supply concerned. The penalty shall be limited to a maximum of 5% of the total contract price. Without prejudice to any other rights it may have under the contract or otherwise, CERN shall be entitled to terminate the contract forthwith in case this maximum amount is reached. Penalties are without prejudice to CERN's right to claim damages should the non conformities result in loss or damage exceeding the amount of applicable penalties.
Appears in 4 contracts
Samples: Supply Agreement, Supply Agreement, Supply Agreement
