Delayed Fulfillment Sample Clauses
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Delayed Fulfillment. In case the Buyer has fulfilled the investment obligation but with delay, the Seller has the right, in accordance with the provisions of this Section, to claim penalties to the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in a timely fashion. Failure to invest in full or in part gives the right to the Seller to claim penalties to the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in time on account of delayed fulfillment of obligations.
Delayed Fulfillment. In case the Seller decides not to act according with provisions 6.4.of this Part of the agreement, thus giving the right of choice (to take actions in accordance with either section
Delayed Fulfillment. In case the Buyer has failed to fulfill its investment obligation-investments with a delay, and referring to this is allowed to close the Attachment to the Agreement, the Seller will request the fulfillment of liabilities and the Agreement penalty.
Delayed Fulfillment. Should the Buyer be in delay with employment obligations and in this regard be allowed to execute an Annex to this Agreement, the Seller shall claim the fulfillment of obligation(s) and the Agreement Penalty payable by the Buyer. The Buyer is obliged for any delay of employment obligation according to the Employment Plan to pay the Seller the Agreement Penalty in the amount calculated by the following formula: *Number of employees: Number of employees for whom the employment obligation was not fulfilled according to the Employment Plan. *Number of months: The total number of months as from the first next day when the Employment Plan was supposed to be fulfilled for a specified period until the day determined by the Annex to the Agreement executed for fulfillment of this obligation. The Seller may recuperate the Agreement Penalty set out pursuant to these provisions from the Guarantee for performance of buyer’s obligations. Payment of penalties shall not relieve the Buyer from its obligation to perform employment obligations.
Delayed Fulfillment. Should the Buyer be in delay with fulfillment of any of its investment obligations, and should it in this regard it be allowed to execute an annex to the present Agreement, the Seller shall request fulfillment of such obligation(s) and payment of an Agreement Penalty by the Buyer. The Agreement Penalty is agreed to amount 10% (in words: ten percent) of the investment that Buyer failed to make in due time. The Seller may recuperate the Agreement Penalty set forth under these provisions the from the Guarantee for performance of buyer’s obligations. Payment of the Agreement Penalties shall not relieve the Buyer from its obligation to make investments.
Delayed Fulfillment. In the event that the Buyer decides not to act in accordance with the provisions under Section 6.4 herein, by which the right of choice is provided (i.e. to act in accordance with either Section 6.4 or Section 6.5), the Buyer has the right and the obligation to act in accordance with the provisions of this Section. Failure to invest, in full or in part, shall entitle the Seller to claim penalties, on account of delayed fulfillment of obligations, in the amount of 10% (ten percent) of the amount that the Buyer has failed to invest in a timely manner.