CONTRACTUAL PENALTIES Sample Clauses

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 ▇▇. ▇▇▇/▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, 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). 2. If the payment is to be searched for due to the incorrectly stated variable symbol, the Accommodated Person shall pay a contractual penalty amounting to EUR 5. 3. In the case of loss or theft of the accommodation card, the Accommodated Person shall pay the Landlord the sum for issuing a new card in the amount of EUR 13, and in the case of loss or theft of the key to the room, he/she shall pay the sum for making an extra key in the amount of EUR 20. The sum for issuing a new card and making an extra key is to be paid by the Accommodated person by a stand- alone wire transfer to the bank account of the Landlord provided in Article I, part “Landlord” of this Contract (separately from the price for accommodation and settlement of contractual penalties and default interest). The Landlord shall provide the Accommodated Person with a replacement key or a new accommodation ID only after the sum stipulated under this paragraph is paid. 4. In compliance with Section 544(1) of the Civil Code, the Accommodated Person is also obliged to pay the contractual penalty even though the Landlord did not incur any damage as a result of a breach of the obligations of the Accommodated Person.

CONTRACTUAL PENALTIES. The Buyer shall be entitled to claim a contractual penalty against the Seller in the amount of 0,05 % 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. The Buyer shall have the right to a penalty in the amount of 0.05 % of the Price for each commenced day of delay with rectifying of claimed defects.

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. 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 Seller shall not be entitled to set off any of his receivables against any part of the Buyer’s receivable hereunder.

CONTRACTUAL PENALTIES. 16.1 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. 16.2 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. 16.3 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. 16.4 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. 16.5 Contractual penalties are payable within 30 days of notification demanding payment thereof. 16.6 Payment of the contractual penalty does not prejudice the rights of the Parties to claim damages.

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: 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. 4.8 and/or art. 4.10 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. 5.4.4 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 the Price for the Ordered...

CONTRACTUAL PENALTIES. In the case of a breach of obligations arising from Article II and III herein, the Provider shall pay a contractual penalty to the Client in the amount of 2 % of the Price under Article V, Section 5.1 herein, for each individual case of such breach of obligation. If the Provider is in delay with the provision of services under Article II and III herein, the Client shall be entitled to a contractual penalty in the amount of 0.5 % of the Price under Article V, Section 5.1 herein, for each day of delay in the performance of the Contract. The obligation to pay the contractual penalty, enforcement of a title to be paid the contractual penalty or its factual payment does not free the Provider from the performance of the obligation that is the subject of the contractual penalty. The Provider shall remain liable for the performance of such an obligation. The obligation to pay the contractual penalty or its factual payment do not affect the Client’s title to compensation of damage in full extent or to withdraw from the Contract. The title to a claimed contractual penalty does not cease to exist with the withdrawal from the Contract. The contractual penalty is paid upon the delivery of the written notification of the penalty to the Provider. The Client is entitled to set off their claim arising from the contractual penalty against a payable receivable of the Provider in relation to the price. The Parties hereby declare that they consider the contractual penalties under this Article to be reasonable in terms of the character of obligations, the performance of which is secured with the contractual penalties.

CONTRACTUAL PENALTIES. Should the Performer fail to fulfill their obligations arising from this Contract due to reasons unrelated to any fault caused by the Client, such as sudden medical issues on the part of a significant number of members of the ensemble, or reasons other than those outside of their control (traffic issues causing delays in the transportation of instruments, political regulations, war, natural disaster or a similar force majeure event), where the failure to fulfill said obligations will render the Performance impossible, the Performer shall be obliged to offer the nearest possible date for the recording, or negotiate a compensation with the Client. Should the Client fail to fulfill their obligations arising from this Contract due to reasons unrelated to any fault caused by the Performer, or reasons other than those outside of their control (political regulation, war, natural disaster or a similar force majeure event), where the failure to fulfill said obligations will render the Performance impossible, the Client shall be obliged to pay to the Performer the agreed-upon remuneration in full, as stipulated above. The Client shall not be liable for any incidental expenses.