Common use of STIPULATED PENALTIES Clause in Contracts

STIPULATED PENALTIES. A. In the event that one or more Respondent(s) responsible for performance of an activity subject to a milestone set forth in Appendix B fail(s) to satisfy any milestone task or deadline for completion of any milestone task for which it or they are responsible as set forth in Appendix B to this Order on Consent, or violate(s) any term of this Order on Consent, the Department shall be entitled to judgment against that Respondent(s). Each Respondent, respectively, hereby consents to the entry of judgment against it in New York State Supreme Court, for a stipulated penalty encompassing each day of such violation of this Order. Said stipulated penalties shall be in the following amounts: PERIOD OF NON-COMPLIANCE PENALTY PER DAY 1st Day through 30th Day $ 500/day 31st Day through 60th Day $ 1,000/day Each Day beyond the 60th Day $ 1,500/day