Responsibility and Compensation. 16th Clause- the Party that, by its action or omission, give cause to the cancellation of the present Contract due to the non-fulfillment of any of the obligations foreseen in the present Contract or in the occurrence of any of the case of 15th Clause above, shall be obligated to pay the Party, with a deadline of 5 (five days) counting form the effectuation of the cancellation, the total set of penalties described in items (1) and (2), listed below: 1. compensatory fine for cancellation equivalent to 10% (ten percent) of the balance of the complete worth of the Contract, calculated according to the formula described below: Fine = 10% x balance of the complete worth of the Contract Where:
Appears in 3 contracts
Samples: Contract of Purchase and Sale of Electrical Energy (Energy Co of Espirito Santo), Contract of Purchase and Sale of Electrical Energy (Energy Co of Espirito Santo), Contract of Purchase and Sale of Electrical Energy (Energy Co of Espirito Santo)
Responsibility and Compensation. 16th Clause- Clause - the Party that, by its action or omission, give cause to the cancellation of the present Contract due to the non-fulfillment of any of the obligations foreseen in the present Contract or in the occurrence of any of the case of 15th Clause above, shall be obligated to pay the Party, with a deadline of 5 (five days) counting form the effectuation of the cancellation, the total set of penalties described in items (1) and (2), listed below:
1. compensatory fine for cancellation equivalent to 10% (ten percent) of the balance of the complete worth of the Contract, calculated according to the formula described below: Fine = 10% x balance of the complete worth of the Contract Where:
Appears in 1 contract
Samples: Contract of Purchase and Sale of Electrical Energy (Energy Co of Espirito Santo)
Responsibility and Compensation. 16th Clause- the 15th Clause The Party that, by its action or omission, give gives cause to the cancellation of the present Contract due to the non-fulfillment of any of the obligations foreseen provided for in the present Contract or in the occurrence of any of the case cases of 15th 14th Clause above, shall be obligated to pay the offended Party, with in a deadline of 5 (five days) counting form from the effectuation of the cancellation, the total set of penalties described in items (1) and (2), listed below:
1. compensatory fine for cancellation equivalent to 10% (ten percent) of the balance of the complete worth of the Contract, calculated according to the formula described below: Fine = 10% x balance of the complete worth of the Contract Where:
Appears in 1 contract
Samples: Contract of Purchase and Sale of Electrical Energy (Energy Co of Espirito Santo)
