Additional Penalty Sample Clauses
The Additional Penalty clause establishes that a party may be subject to extra financial or legal consequences beyond standard remedies if they breach certain terms of the agreement. In practice, this clause might specify a fixed monetary penalty or outline specific actions that must be taken if a violation occurs, such as paying damages or incurring interest. Its core function is to deter breaches by increasing the cost of non-compliance, thereby encouraging parties to fulfill their contractual obligations and providing a clear consequence for violations.
Additional Penalty. If any person or entity becomes liable for any penalty under paragraphs B. or D. of this section VI. by reason of any act or failure to act which is not due to reasonable cause and either:
1. such person has theretofore been liable for a penalty under any of such paragraphs; or
2. such act or failure to act was both wilful and flagrant; then such person shall be liable for an additional penalty equal to the amount of the applicable first tier penalty.
Additional Penalty. If the contractor continues to fail to engage sufficient workers and does not show sufficient progress in attending to the works, NABARD may, after issuing written notices, levy additional penalty at its discretion, which will be recovered from the Contractor's bill.
Additional Penalty. If the contractor continues to fail to engage sufficient workers and does not show sufficient progress in attending to the works, ▇▇▇▇▇▇ may, after issuing written notices, levy additional penalty at its discretion, which will be recovered from the Contractor's bill.
Additional Penalty. In cases where a student maintains eligibility to reside on-campus (See Section 1, “Eligibility”) and cancels housing after the additional penalty dates listed below, a cancellation fee of $1,750.00 will be assessed. A cancellation fee will not be assessed if a student vacates within 30 days of the last day of this occupancy agreement.
i. For new fall 2024 students, July 15, 2024 is the last day to cancel without additional penalty.
ii. For new spring 2025 students, December 15, 2024 is the last day to cancel without additional penalty.
iii. For current/continuing students, May 1, 2024 is the last day to cancel without additional penalty.