Penalty Clause a. Non-execution of supply order - For the reasons of failure to supply partially or completely within 30 days, if the Procurement cell has to buy the items from the RC 2 (L-2), RC 3 (L-3) or approved local vendor firm, the rate difference in cost will be recovered from XX xxxxxx i.e. L1 /Billing Agency as appointed by the Rate Contract Holder. The difference amount will be deducted from the forthcoming bills of the supplier pertaining to any product. Repeated failure (Three times) to supply in part or in full may amount to termination of rate contract for the product (s) and forfeiture of Performance Security. Reasons of failure to supply the material will be communicated by the firm to the Procurement cell timely.
Penalty Clause. In case any infringement/default as defined under Clause 4.2.2, 4.2.3, 4.3.9 and
Penalty Clause. 6.1 In the case of the Contractor´s delay with the work handover within the deadline pursuant hereto, the Client shall charge a contractual penalty 1.500 CZK for each commenced day of the delay.
Penalty Clause. 6.1 In the case of the Contractor´s delay with the work handover within the deadline pursuant hereto, the Client shall charge a contractual penalty in the amount of 0.5 % of the price of the work for each commenced day of the delay.
Penalty Clause. 11.1. If Dyflexis does not meet the response obligations, referred to as the Response and Repair Time, in accordance with article 4 (Priority Levels and Error Handling), Dyflexis will pay a penalty for each hour in which the response or repair is delayed, that is equal to one thirtieth of the monthly amount due for the respective Service.
Penalty Clause. In the event of a breach by Seller of any of the provisions of this terms and conditions, Buyer will put Seller on Notice, and Buyer and Seller shall engage in good faith negotiations concerning Seller’s breach and the amount of payment due to Buyer to address Seller’s breach, and without prejudice to any other rights provided for by law or under this agreement such as the right to specific performance, the right to an injunction.
Penalty Clause. Notwithstanding the REGISTRY's authority to rescind the Contract for any of the reasons mentioned in Clause Seven of this contract, and to request compensation for all damages caused, the REGISTRAR, by virtue of this penalty clause, which is of a cumulative nature and does not replace article 1152 of the Civil Code, is required to pay the REGISTRY an amount of up to €3,000 (THREE THOUSAND EURO) VAT EXCLUDED:
Penalty Clause. A) The following penalty will be imposed in the event of NON MARCH OUT OF VEHICLE
Penalty Clause. The Channel Partner understands and acknowledges that any disclosure and / or appropriation of any Confidential Information, including by its managers, employees, consultants and / or collaborators, as well as the violation of the legal requirements regarding the protection of the processing of personal data, are of a nature to the cause of serious and irreparable damage to the FUDX, the amount of these damages being difficult to estimate and prove, which is why the Channel Partner accepts by signing this Agreement that in case of breach of the obligation to keep the confidentiality of the information as regulated in the present Contract and of the legal regulations in the matter of protection of the processing of personal data, to pay to the FUDX damages in the amount of INR 2500000/-.
Penalty Clause. 3.3.1 Quality & specification of Goods or Services(products) should match 100% as per PO / approved sample. Any deviation in either quality or specification of the Goods or Services, the entire lot of products stands rejected. Replacement of the defective products to be done within the timeline as agreed with Accenture.
