Common use of Contractual Penalty Clause in Contracts

Contractual Penalty. In the event of failure by the Service Provider to meet any Service Milestone and/or supply any Deliverable, the Service Provider shall be liable to pay to the Principal a penalty of zero point five percent (0.5 %) of the amount of total the Fee payable under this Agreement with respect to the relevant Service period for each day of delay starting from the first delayed day with meeting any of the Service Milestones and/or supplying any of the Deliverables set forth in accordance with Annex C: Schedule of Service provided, however, that the total amount of penalty payable by the Service Provider under this Clause 11.2 for the relevant Works and Service, as specified according to Annex C: Schedule of Service shall not exceed ten percent (10%) of the total amount of the Fee payable in consideration of such Works and Service. In the event of failure by the Principal to pay any amount in accordance with Clause 18.1, the Principal shall be liable to pay the Service Provider a penalty of zero point zero five percent (0.05) of the amount of the amount invoiced for each day of delay with meeting the payment obligation; provided, however, that the total amount of penalty payable by the Principal under this Clause 11.2 shall not exceed ten percent (10%) of the total amount remaining unpaid under the relevant invoice.

Contractual Penalty. In the event of failure by the Service Provider to meet any Service Milestone and/or supply any Deliverable, the Service Provider shall be liable to pay to the Principal a penalty of zero point five zero one percent (0.5 0.01%) of the amount of total the Service Fee payable under this Agreement with respect to the relevant Service relevanStervice period for each day of delay starting from the first delayed day with meeting any of the Service Milestones and/or supplying any of the Deliverables set forth in accordance with Annex C: withAnnex D (Service Schedule of Service and Rates); provided, however, that the total amount of penalty payable by the Service Provider under this Clause 11.2 17.2 for the relevant Works and ServiceWorks, as specified according to Annex C: D (Service Schedule of Service shall and Rate)sshall not exceed ten percent (10%) of the total amount of the Service Fee payable in consideration of such Works and ServiceWorks. In the event of failure fialure by the Principal to pay any amount in accordance with Clause 18.116.5., the Principal shall be liable to pay to the Service Provider a penalty of zero point zero five one percent (0.050.01%) of the amount of the amount invoiced for each day of delay with meeting the payment obligation; provided, however, that the total amount of penalty payable by the Principal under this Clause 11.2 17.2 shall not exceed ten percent (10%) of the total amount remaining unpaid under the relevant invoice.

Contractual Penalty. In the event of failure by the Service Provider to meet any Service Milestone and/or supply any Deliverable, the Service Provider shall be liable to pay to the Principal a penalty of zero point five zero one percent (0.5 0.01%) of the amount of total the Service Fee payable under this Agreement with respect rsepect to the relevant Service period for each day of delay starting from the first delayed day with meeting any of the Service Milestones and/or supplying any of the Deliverables set forth in accordance with Annex C: 0 (Service Schedule of Service and Rates); provided, however, that the total amount of penalty payable by the Service Provider under this Clause 11.2 17.2 for the relevant Works and ServiceWorks, as specified according to Annex C: D (Service Schedule of Service shall and Rate)sshall not exceed ten percent (10%) of the total amount of the Service Fee payable in consideration of such Works and ServiceWorks. In the event of failure by the Principal to pay any amount in accordance with Clause 18.116.5., the Principal shall be liable to pay to the Service Provider Proviedr a penalty of zero point zero five one percent (0.050.01%) of the amount of the amount invoiced for each day of delay with meeting the payment obligation; provided, however, that the total amount of penalty payable by the Principal under this Clause 11.2 17.2 shall not exceed ten percent (10%) of the total amount remaining unpaid under the relevant invoice.

Contractual Penalty. In the event of failure by the Service Provider to meet any Service Milestone and/or supply any Deliverable, the Service Provider shall be liable to pay to the Principal a penalty of zero point five percent (0.5 0.5%) of the amount of total the Fee ServiceFee payable under this Agreement with respect to the relevant Service period for each day of delay starting from the first delayed day with meeting any of the Service Milestones and/or supplying any of the Deliverables set forth in accordance with Annex C: D S( ervice Schedule of Service and Rate)s and Assignment Order; provided, however, that the total amount of penalty payable by the Service Provider under this Clause 11.2 17.2 for the relevant Works and ServiceWorks, as specified according to Annex C: DS(ervice Schedule of Service and Rates) shall not exceed ten percent (10%) of the total amount totalamount of the Service Fee payable in consideration of such Works and ServiceWorks. In the event of failure by the Principal to pay any amount in accordance with Clause 18.116.1., the Principal shall be liable to pay to the Service Provider a penalty of zero point zero five percent (0.050.5%) of the amount of the amount invoiced for each day of delay with meeting the payment obligation; provided, however, that the total amount of penalty payable by the Principal under this Clause 11.2 17.2 shall not exceed ten percent (10%) of the total amount remaining amounrtemaining unpaid under the relevant invoice.

Contractual Penalty. In the event of failure by the Service Provider to meet any Service Milestone and/or supply any Deliverable, the Service Provider shall be liable to pay to the Principal a penalty of zero point five percent (0.5 0.5%) of the amount of total the Fee payable under this Agreement with respect to the relevant Service period for each day of delay starting from the first delayed day with meeting any of the Service Milestones and/or supplying any of the Deliverables set forth in accordance with Annex C: D (Service Schedule of Service and Rates) and Assignment Order; provided, however, that the total amount of penalty payable by the Service Provider under this Clause 11.2 17.2 for the relevant Works and Service, as specified according to Annex C: D (Service Schedule of Service and Rates) shall not exceed ten percent (10%) of the total amount of the Fee payable in consideration of such Works and Service. In the event of failure by the Principal to pay any amount in accordance with Clause 18.116.1., the Principal shall be liable to pay to the Service Provider a penalty of zero point zero five percent (0.050.5%) of the amount of the amount invoiced for each day of delay with meeting the payment obligation; provided, however, that the total amount of penalty payable by the Principal under this Clause 11.2 17.2 shall not exceed ten percent (10%) of the total amount remaining unpaid under the relevant invoice.