Contractual fine Sample Clauses
A contractual fine clause establishes a predetermined monetary penalty that one party must pay if they fail to fulfill specific obligations under the contract. This clause typically applies to breaches such as late delivery, non-performance, or failure to meet quality standards, and the amount of the fine is usually specified in advance within the agreement. Its core practical function is to incentivize compliance with contractual terms and provide a clear, enforceable remedy for breaches, thereby reducing disputes and uncertainty over damages.
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Contractual fine. 8.1.1 The Supplier is obliged to pay the Customer a contractual fine to the amounts specified below for the following breaches of the Supplier’s obligations: For breaching the Supplier’s obligation under article II of these Terms of Trade in connection with paragraphs 3.1 and 3.2 of these Terms of Trade and for breaching obligations under paragraphs 6.3.2, 6.3.3 and 6.3.4 of these Terms of Trade a contractual fine to the amount specified in paragraph 5.1, letter (a) of the Contract, For a breach of the applicable operational, safety and other regulations valid in the Czech Republic or the Customer ’s internal operational, safety and other regulations on the Supplier’s part during Installation of the Goods according to paragraph 3.3.2 of these Terms of Trade a contractual fine to the amount specified in paragraph 5.1, letter (b) of the Contract, For breaching the Supplier’s obligation under paragraph 12.7 of these Terms of Trade, i.e. for breaching the rules concerning protection of Confidential Information, a contractual fine to the amount specified in paragraph 5.1, letter (c) of the Contract, For breaching the Supplier’s obligation under paragraph 12.12 of these Terms of Trade, i.e. for breaching the prescribed EMS rules, a contractual fine to the amount specified in paragraph 5.1, letter (d) of the Contract, and For breaching the Supplier’s obligation under paragraph 3.4.2 of these Terms of Trade a contractual fine to the amount specified in paragraph 5.1, letter (e) of the Contract.
8.1.2 The Customer ’s right to require payment of full compensation for the damage suffered by the Customer due to a breach of any of the contractual obligations subject to a contractual fine specified above in paragraph 8.1.1 of these Terms of Trade is not affected by payment of the relevant contractual fine.
Contractual fine. For each offence against Clause Number 10 and the sub-clauses of this provision, the partner will pay ▇▇▇▇▇ ▇▇▇▇ an appropriate contractual fine, which will be set by ▇▇▇▇▇ ▇▇▇▇ in the event of a violation and can at the partner’s request be examined by the competent court for appropriateness.
Contractual fine. 9.1. A fine is stipulated in the amount equivalent to 03 (three) rents in effect at the time of the violation (without any discount), in compliance with the provisions of clause 9.2.3 below, which will be incurred by the Party that violates and does not remedy, within a period of 60 (sixty) days (if a shorter period is not established by law or herein), any clause or condition hereof or legal obligation, and the innocent Party is also entitled to simultaneously consider the Agreement terminated. The fine indicated in this clause 9.1, as freely agreed between the Parties, will always be due in full, regardless of the time elapsed from this Agreement.
9.1.1. The fine established in clause 9.1 above is not cumulative with the specific fines determined in clauses 9.2 and 10.3.1 below, so that, if the LESSEES cause termination for just cause or terminate the Contract early and without just cause, the fine established in clause 9.2 below will apply solely and exclusively.
9.1.2. The general term for resolving legal and/or contractual obligations provided for in clause 9.1 above does not apply to the payment of pecuniary obligations of the Parties, the maturity of which in itself already represents automatic default, regardless of notification.
9.2. If the LESSEES cause termination for just cause, terminate the Agreement early and without just cause and/or are evicted during the Term, the Parties freely agree that the LESSEES will incur a specific fine of 06 (six) rents in force at the time DocuSign Envelope ID: 20505E43-D135-43E5-929B-EE0F512271D4 (without any discount), calculated in proportion to the remaining period of the Agreement, pursuant to article 4 of Federal Law No. 8.245/91.
9.2.1. The specific fine established above is the only remedy due in relation to early termination without just cause by the LESEES, and no additional fine is due, for any reason whatsoever, without prejudice to the return of the grace period and discounts granted, under the terms of clause 4.4 above and prior notice adjusted in clause 10.1 below, in the event that the LESSEES terminate the Contract early and without just cause.
9.2.2. In the event of renewal of the Term hereof, the fine set out in clause 9.2 above will be reduced to 03 (three) months' rent in force at the time (without any discount), calculated proportionally to the remaining period of the new term of validity/renewal term.
9.2.3. If the LESSOR grants any discount or exemption in the rental amount to the LESSEES...
Contractual fine. If the CLIENT cancels this agreement without cause (as herein defined) on less than six (6) months’ notice, it shall be obligated to pay to CONSULTANT an amount equal to three months of the Monthly Fee.
Contractual fine. 1. A contractual fine of 1,000 USD (in words: one thousand U. S. dollars) per each day of delay has been agreed between the Parties to be applicable should the Purchaser be in breach of the arrangements of the Article II. The Purchaser is exempt of a contractual fine if he proves that he would give to the bank a proper instruction to pay the respective amount to the account of the Seller in such advance before the respective amount would be payable, that adhering the rules of the international bank communication the amount should be reimbursed to the account of the Seller on time and that the financial resources sufficient to payment of the appropriate amount would be on its account.
2. A contractual fine of CZK 3,000,000 (in words: three million Czech crowns) has been agreed between the Parties to be applicable should either of the Parties be in breach of the arrangements of the Article III. or IV. of this Agreement.
3. The Party in breach shall pay the fine to the other Party irrespective of whether in this connection, and if so to what extent, the other Party has suffered any damage that may be claimed separately.
4. The contractual fine shall be paid to the bank account within 10 (in words: ten) day after the breach of this Agreement.
Contractual fine. The parties agree that each violation of a restriction as described in subsection IV. and V. above shall trigger a disciplinary penalty of one monthly Base Salary (as increased from time to time) without the Company being obliged to prove the exact damage caused by the violation of the restriction; the Company is, however, authorised to claim actual damages in additional to the penalty . The payment of the contractual fine shall not release the Employee – even if the fine is paid - from the restriction and the restriction may be enforced in addition in kind.