Financial Consequences Sample Clauses

Financial Consequences. Financial Consequences will be assessed for failure to timely perform or submit a report as required by the Contract and shall be paid via check or money order in US Dollars and made out to the Department of Management Services or the specific Customer, where applicable. Financial Consequences will be assessed daily for each individual failure until the performance or submittal is accomplished to the Department’s or Customer’s satisfaction, unless stated otherwise. For the submissions of reports, financial consequences will apply to each target period beginning with the first full month or quarter of the Contract’s performance and each month and quarter thereafter. Deliverable Performance Metric Performance Due Date Financial Consequence for Non-Performance Contractor will timely submit completed Quarterly Sales Reports All Quarterly Sales Reports will be submitted timely with the required information Reports are due on or before the 30th calendar day after the close of each State fiscal quarter $250 per Calendar Day late/not received by the Contract Manager Contractor will timely submit completed MFMP Transaction Fee Reports All MFMP Transaction Fee Reports will be submitted timely with the required information Reports are due on or before the 15th calendar day after the close of each month $100 per Calendar Day late/not received by the Contract Manager
Financial Consequences. The following financial consequences will apply for nonperformance of the contract by a Contractor. The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, when the Contractor has failed to perform/comply with provisions of the Contract. These consequences for non-performance are not to be considered penalties. The financial consequences will be paid via check or money order and made out to the Department of Management Services in US Dollars within 30 calendar days after the required report submission date. These consequences are individually assessed for failures over each target period beginning with the first full month or quarter of the contract performance and every quarter thereafter. Performance Metrics Description Performance Target Frequency Financial Consequence for Non- Performance (Per Day Late) Quarterly Sales Report Submission Quarterly Sales Report are due on or before the 15th calendar day after close of a quarter. 100% Quarterly $250 Monthly MFMP Transaction Fee Report MFMP Transaction Fee Report are due on or before the 15th calendar day after close of the period. 100% Monthly $100 10. Financial Consequences for Non-Performance: If the Department determines that the Contractor has failed in any quarter to meet requirements of the “Contract Reportingsection for two or more standards, the Department may assess the Contractor a fee in accordance with the table incorporated herein. These consequences of non-performance shall not be considered penalties.
Financial Consequences. The Department shall apply the following financial consequences for failure to perform the minimum level of services required by this Agreement in accordance with Sections 215.971 and 287.058, Florida Statutes:
Financial Consequences. If the Provider fails to perform in accordance with this Contract or perform the minimum level of service required by this Contract, the Department will apply financial consequences as provided for in Section 6.1. The parties agree that the penalties provided for under Section 6.1 constitute financial consequences under sections 287.058(1)(h) and 215.971(1)(c), F.S. The foregoing does not limit additional financial consequences, which may include but are not limited to refusing payment, withholding payments until deficiency is cured, tendering only partial payments, applying payment adjustments for additional financial consequences or for liquidated damages to the extent that this Contract so provides, or termination of this Contract per Section 6.2 and requisition of services from an alternate source. Any payment made in reliance on the Provider’s evidence of performance, which evidence is subsequently determined to be erroneous, will be immediately due as an overpayment in accordance with Section 3.5, to the extent of such error. Financial consequences directly related to the deliverables under this Contract are defined in Exhibit F.
Financial Consequences. 1.23.1 Financial Consequences for Nonperformance Financial consequences shall apply for nonperformance of the contract by a Contractor. The State shall apply financial consequences identified in this solicitation in Purchase Order or Contract issued by Customers. In addition: In the event that a deliverable is deemed unsatisfactory by the Customer, the Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable, at no additional cost to the Customer, within the timeframe established by the Customer. Continued Contractor inability to perform under the conditions of the contract, via the established Complaint to Vendor process, per Rule 60A-1.006 Florida Administrative Code (PUR 7017 form), may result in default proceedings. Failure to respond to a Customer request to correct a deficiency in the performance of the Contract may result in termination of the Contract.
Financial Consequences. If the Sub-Recipient fails to meet the minimum level of service or performance identified in this contract, the AAAPP shall impose financial consequences as stated in Attachment I.
Financial Consequences. A. Financial consequences of $50 a business day up to a maximum of $500 shall be imposed in each of the following circumstances:
Financial Consequences. 1. Financial consequences shall be assessed for Contract non-compliance or non-performance in accordance with FDJJ Policy 2000 (Revised 01/31/19) for the following: Failure to submit a Corrective Action Plan (CAP) within the specified time frame(s); Failure to implement the CAP within the specified time frame(s); and/or Upon further failure to make acceptable progress in correcting deficiencies as outlined in the CAP within specified time frames.
Financial Consequences. If the Sub-Recipient fails to comply with any term of the award, the Division shall take one or more of the following actions, as appropriate in the circumstances:
Financial Consequences. The AAAPP will withhold or reduce payment if the Sub-Recipient fails to perform the deliverables to the satisfaction of the AAAPP according to the requirements referenced in Section II.D. The following financial consequences will be imposed if the deliverables stated do not meet in part or in whole the performance criteria as outlined in Section II.D.: