Common use of CONTRACTUAL SANCTIONS Clause in Contracts

CONTRACTUAL SANCTIONS. The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: any data provided by the Grantee turns out to be false or not up- to-date, or the Grantee fails to deliver to the Fund any ofthe reports according to this Contract in time, or the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or the Grantee breaches any of its obligation arising from Article 7 hereof. The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Funďs right to request a damage compensation for any damages caused to the Fund. The Fund shall be entitled to withdraw from the Contract, in case:

CONTRACTUAL SANCTIONS. The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: any data provided by the Grantee turns out to be false or not up- up-to-date, or the Grantee fails to deliver to the Fund any ofthe of the reports according to this Contract in time, or the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or the Grantee breaches any of its obligation arising from Article 7 hereof. The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Funďs Fund’s right to request a damage compensation for any damages caused to the Fund. The Fund shall be entitled to withdraw from the Contract, in case:

CONTRACTUAL SANCTIONS. The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), ifif : any data provided by the Grantee turns tums out to be false or not up- up-to-datedate , or the Grantee fails to deliver deli ver to the Fund any ofthe of the reports according to this Contract in time, or the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or the Grantee breaches any of its obligation obligations arising from Article 7 hereof. The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Funďs right to request a damage compensation for any damages caused to the Fund. The Fund shall be entitled to withdraw from the ContractContract , in case: