Common use of Failure Activities Clause in Contracts

Failure Activities. 18.4.1 When THE CONTRACTOR fails to comply with the term established in Section 2.2 of the TECHNICAL SPECIFICATIONS of the TRANSPORTATION NETWORK, to culminate the first advance or total delivery of the TRANSPORTATION NETWORK, a penalty of five (05) UIT for each DAY of delay will be applied.

Appears in 4 contracts

Samples: Financing Agreement (Gilat Satellite Networks LTD), Financing Agreement (Gilat Satellite Networks LTD), Financing Agreement (Gilat Satellite Networks LTD)

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Failure Activities. 18.4.1 18.4.5. When THE CONTRACTOR fails to comply with the term established in Section 2.2 of the TECHNICAL SPECIFICATIONS of the TRANSPORTATION NETWORK, to culminate the first advance or total delivery of the TRANSPORTATION NETWORK, a penalty of five (05) UIT for each DAY of delay will be applied.

Appears in 3 contracts

Samples: Financing Agreement, Financing Agreement, Financing Agreement

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