Common use of Stipulated Penalty Clause in Contracts

Stipulated Penalty. If any amounts due to EPA under Paragraph 11 (Payment by Settling Parties for Response Costs) [also reference Additional Response Costs payment, if applicable] are not paid by the required date, Settling Parties shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 19 (Interest on Late Payments), $______ per violation per day that such payment is late.

Stipulated Penalty. If any amounts due to EPA under Paragraph 11 12 (Payment by Settling Parties for of Response Costs) [and Paragraph 16 (Payment of Net Proceeds of Sale of Property)] [also reference Additional Response Costs payment, if applicableany other payment paragraphs] are not paid by the required date, Settling Parties Party shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 19 17 (Interest on Late Payments), $______ per violation per day that such payment is late.

Stipulated Penalty. If any amounts due to EPA under Paragraph 11 (Payment by Settling Parties for Past Response Costs) [also reference Additional Response Costs payment, if applicable] are not paid by the required date, Settling Parties shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 19 16 (Interest on Late Payments), $______ per violation per day that such payment is late.