Failure to Submit Required Attestation Sample Clauses
The 'Failure to Submit Required Attestation' clause establishes the consequences if a party does not provide a necessary certification or declaration as stipulated in the agreement. Typically, this clause outlines specific deadlines for submitting attestations and details the repercussions for non-compliance, such as suspension of services, withholding of payments, or potential termination of the contract. Its core function is to ensure compliance with important reporting or certification requirements, thereby protecting the interests of the parties and maintaining accountability within the contractual relationship.
Failure to Submit Required Attestation. Failure of the Contractor to submit the required attestation showing all failed files were successfully resubmitted and accepted within sixty (60) days of notification, shall result in an assessment of $10,000 per file. An additional penalty of $1,000 per each late day beyond the sixty (60) days of notification shall also be assessed.