Delinquent Submissions Sample Clauses
The Delinquent Submissions clause establishes the rules and consequences for when required documents, reports, or deliverables are submitted late. Typically, this clause outlines the timeframe within which submissions are considered delinquent, details any penalties or corrective actions that may be imposed, and may specify notification procedures for late submissions. Its core practical function is to encourage timely compliance with contractual obligations and to provide a clear framework for addressing delays, thereby minimizing disruptions and ensuring accountability.
Delinquent Submissions. Failure to submit an exposure submission, resubmission, loss report, or commutation documentation when due is a violation of the terms of this Contract and Section 215.555, Florida Statutes.
Delinquent Submissions. Failure to submit an exposure submission or resubmission by the due date is a violation of the terms of this Contract and of the Statute. The SBA will refer any Company failing to submit such submissions or resubmissions to the Department for administrative action or will take other action as appropriate pursuant to Section 215.555(10) and (11), Florida Statutes.