CONTRACTUAL PENALTIES. 1. Should the Accommodated Person fail to pay the price for the accommodation in the agreed amount, by the due date and under the correct variable symbol, he/she is obliged to pay interest on late payments under Section 10(2) of Act No. 176/2004 Coll., on the Disposal of the Property of Public Institutions and the Amendment to Act No. 259/1993 of the National Council of the Slovak Republic, on the Slovak Forestry Chamber, as amended by Act No. 464/2002 Coll., as amended. In addition, he/she is obliged to pay a contractual penalty (even if the contractual obligations are breached not through a fault of the Accommodated Person, e.g., by error of the financial institution) in the amount of 0.3 % of the amount due for each day of delay. The agreement regarding the contractual penalty shall not affect the Landlord’s entitlement to demand compensation for damages. Both entitlements can be exercised by the Landlord concurrently. Both the contractual penalty and the interest on late payments are to be paid via a separate bank transfer to the Landlord’s account stated in Article I in the “Landlord” section hereof (separately from the price for the accommodation).
CONTRACTUAL PENALTIES. 15.1 The Buyer shall have the right to a penalty in the amount of 0.1 % of the Price for each commenced day of delay with the performance pursuant to Section 4.1 hereof.
CONTRACTUAL PENALTIES. 1. Should the Accommodated Person fail to pay the price for the accommodation in the agreed amount, by the due date and under the correct variable symbol, he/she is obliged to pay interest on late payments under Section 10(2) of Act No. 176/2004 Coll., on the Disposal of the Property of Public Institutions and the Amendment to Act Xx. 000/0000 xx xxx Xxxxxxxx Xxxxxxx xx xxx Xxxxxx Xxxxxxxx, on the Slovak Forestry Chamber, as amended by Act No. 464/2002 Coll., as amended. In addition, he/she is obliged to pay a contractual penalty (even if the contractual obligations are breached not through a fault of the Accommodated Person, e.g., by error of the financial institution) in the amount of 0.3 % of the due amount for each day of delay. The agreement regarding the contractual penalty shall not affect the Landlord’s entitlement to demand compensation for damages. Both entitlements can be exercised by the Landlord concurrently. Both the contractual penalty and the interest on late payments are to be paid via a separate bank transfer to the Landlord’s account stated in Article I in the “Landlord” section hereof (separately from the price for the accommodation).
CONTRACTUAL PENALTIES. 5.9 The Seller shall not be entitled to set off any of his receivables against any part of the Buyer’s receivable hereunder.
CONTRACTUAL PENALTIES. If the Contractor fails to comply with sub-clause 8.2 [Time for Completion], the Contractor shall subject to sub-clause 2.5 [Employer's Claims] pay contractual penalties to the Employer for this default. These contractual penalties shall be in the amount stated in the Particular Conditions. However, the total amount due under this sub-clause shall not exceed the maximum amount of contractual penalties stated in the Particular Conditions. These contractual penalties shall be the only damages due from the Contractor for such default, other than in the event of termination under sub-clause 15.2 [Termination by Employer] prior to completion of the Works. These damages shall not relieve the Contractor from its obligation to complete the Works, or from any other duties, obligations or responsibilities which it may have under the Contract.
CONTRACTUAL PENALTIES. The Buyer shall have the right to a penalty in the amount of 0.1 % of the Price for each commenced day of delay with the performance pursuant to Section 4.1 hereof. The Buyer shall have the right to a penalty in the amount of 0.1 % of the Price for each commenced day of delay with rectifying of defects claimed within the warranty period. In case of default in payment of any due receivables (monetary debt) under the Contract, the defaulting Buyer or Seller (the debtor) shall be obliged to pay a contractual penalty in the amount of 0.1 % of the owed amount for each commenced day of delay with the payment. The Buyer shall be entitled to claim a contractual penalty against the Seller in the amount of 30 % of the Price, in case it will subsequently take advantage of the opportunity to withdraw from the Contract pursuant to Section 13.2.1 and 13.2.2. Contractual penalties are payable within 30 days of notification demanding payment thereof. Payment of the contractual penalty does not prejudice the rights of the Parties to claim damages.
CONTRACTUAL PENALTIES. 1. The Contractor shall pay the Ordering Party a contractual penalty in the event of :
CONTRACTUAL PENALTIES. 16.1 The Buyer shall be entitled to claim a contractual penalty against the Seller in the amount of 0,1 % of the Price for each commenced day of delay with the delivery pursuant to Section 4.1 hereof with a possible grace period of 10 days.
CONTRACTUAL PENALTIES. In case the Contractor breaches his obligation to remove an Error within the Time for Removal set forth in art. 4.5 hereof, the Contractor will pay the Customer for each such breach a contractual penalty calculated according to the following table: Error Categories Contractual Penalty Category A Error 0.5% of the amount corresponding to the twelve-times the monthly Support Fee for each commenced hour of delay Category B Error 0,2% of the amount corresponding to the twelve-times the monthly Support Fee for each commenced hour of delay Category C Error 0.1% of the amount corresponding to the twelve-times the monthly Support Fee for each commenced day of delay If the Contractor breaches his obligation pursuant to art. 4.10 hereof, the Contractor will pay the Customer a contractual penalty in the amount according to the following table: Excess Contractual Penalty More than 12 hours for a calendar year, but less than or equal to 24 hours in a year 2% of the amount corresponding to the twelve-times the Support Fee for each commenced hour of delay More than 24 hours for a calendar year, but less than or equal to 48 hours in a year 5% of the amount corresponding to the twelve-times the Support Fee for each commenced hour of delay More than 48 hours for a calendar year 10% of the amount corresponding to the twelve-times the Support Fee for each commenced hour of delay In addition, the Contractor will pay the Customer: a contractual penalty in the amount of CZK 7,000 for each breach of any obligation set forth in art. 4.4 and/or art. 4.6 and/or art. 4.7 and/or art. 4.9 hereof, which penalty must be paid by the Contractor even repeatedly, providing that the default status of the respective obligation continues more than two (2) Business Days, or a contractual penalty in the amount of CZK 5,000 for each breach of any obligation set forth in art. 7.5 hereof, or a single-time penalty the amount of which will be determined as a sum of the amount of CZK 20,000 and the amount corresponding to 0.1% of the Price for the Ordered Work for each day of delay in proper fulfilment of the obligation in case the Contractor breaches his obligation to remove the Defects described in the Handover Protocol within 14 (fourteen) Business Days from the day of signing of the Handover Protocol pursuant to art. 5.4.5 hereof and/or the obligation to supply the Ordered Work by the Delivery Date of the Ordered Work, or a contractual penalty of 0.1% of the amount corresponding to the twelve-times...
CONTRACTUAL PENALTIES. 3.1. If the supplier violates the provisions pursuant to this Agreement, the supplier is bound to paythe Nowy Styl Sp. z o.o. or its subsidiaries and related companies stipulated contractual penalty amounting to for each case of infringement.
