Financial Consequences for Non-Performance Sample Clauses

Financial Consequences for Non-Performance. The State reserves the right to withhold payment or implement other appropriate remedies when the Contractor has failed to perform/comply with provisions of this Contract. These consequences for non-performance shall not be considered penalties.
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Financial Consequences for Non-Performance. If the Department determines that Contractor failed in any quarter to meet requirements of the Required Service Levels found in section 37, Statement of Work, Exhibit 6, for two or more standards, the Department has the right to assess Contractor a fee in accordance with the Required Service Levels table in Exhibit 6. The financial consequences detailed in Exhibit 6, which are based on non-performance of Contractor, represent maximum annual financial consequences of $20,000. These consequences for non-performance shall not be considered penalties.
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Financial Consequences for Non-Performance. Financial consequences shall apply for non-performance of the contract by a Contractor. The State shall apply financial consequences identified below to Contracts issued by Commerce. In addition: In the event that a deliverable is deemed unsatisfactory by the Commerce, the Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable, at no additional cost to Commerce, within the timeframe established by Commerce. Continued Contractor inability to perform under the conditions of the Contract, may result in default proceedings. Failure to respond to a Commerce request to correct a deficiency in the performance of the Contract may result in termination of the Contract.
Sample 1
Financial Consequences for Non-Performance. Financial consequences shall apply for non-performance of the Contract by the Contractor. DEO shall apply financial consequences identified below, in addition to the financial consequences provided in Section 1.2, as applicable, to Purchase Orders or Contracts issued by DEO. In addition: In the event that a deliverable is deemed unsatisfactory by DEO, the Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable at no additional cost to DEO within the timeframe established by DEO. Contractor’s continued inability to perform under the conditions of the Contract may result in default proceedings. Failure to respond to a DEO request to correct a deficiency in the performance of the Contract may result in termination of the Contract. DocuSign Envelope ID: 5B347EDE-11C9-4678-B51E-6137BF2B8951
Sample 1
Financial Consequences for Non-Performance. Financial consequences shall apply for non-performance of the Contract by Contractor. The State shall apply financial consequences identified below and in section 1.2 to Purchase Orders or Contracts issued by DEO. In addition: In the event that a deliverable is deemed unsatisfactory by DEO, Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable, at no additional cost to DEO, within the timeframe established by DEO. Contractor’s continued 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 DEO request to correct a deficiency in the performance of the Contract may result in termination of the Contract.
Sample 1
Financial Consequences for Non-Performance. Financial consequences shall apply for non‐performance of the Contract by a Contractor. The State shall apply financial consequences identified below to Purchase Orders or Contracts issued by DEO. In addition: In the event that a deliverable is deemed unsatisfactory by the DEO, the Contractor shall re‐perform the deliverable as needed for submittal of a satisfactory deliverable, at no additional cost to DEO, within the timeframe established by DEO. Continued Contractor inability to perform under the conditions of the Contract, may result in default proceedings. Failure to respond to a DEO request to correct a deficiency in the performance of the Contract may result in termination of the Contract.
Sample 1
Financial Consequences for Non-Performance. Financial consequences shall apply for non-performance of the Contract by the Contractor. DEO shall apply financial consequences identified below, in addition to the financial consequences provided in section 1.2, as applicable, to Purchase Orders or Contracts issued by DEO. In addition: In the event that a deliverable is deemed unsatisfactory by DEO, the Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable at no additional cost to DEO within the timeframe established by DEO. Contractor’s continued 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 DEO request to correct a deficiency in the performance of the Contract may result in termination of the Contract.
Sample 1
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Financial Consequences for Non-Performance. In accordance with paragraph 287.058(1)(h), Florida Statutes, the Department will apply financial consequences if the Contractor fails to perform in accordance with the Contract. The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, if the Contractor fails to perform or comply with provisions of this Contract. Financial consequences for non-performance shall not be considered penalties. The parties recognize that the Contractor’s timely and proper completion of tasks required under the Contract is of paramount importance to the Department, that the parties wish to avoid protracted litigation and that the amount of the Department’s damages due to delays in performance of the Contract is difficult to ascertain. Therefore, if the Contractor fails to satisfy contractual requirements as a result of factors directly within the Contractor’s control, the Contractor shall pay the Department, as financial consequences, the amount specified below. If the Contractor fails to ensure that insurance coverage is in place at Policy Inception, the Department will assess the Contractor financial consequences in the amount of $25,000.00 per calendar day until insurance coverage is provided by Contractor that is acceptable to the Department and the Insured. The amount specified in this section is not a penalty and is fair and reasonable to compensate the Insured for the Contractor’s delays or non-performance. These financial consequences do not prevent the Department or the Insured from seeking contract damages for breaches for which financial consequences are not specified. For amounts due the Department or the Insured as financial consequences, the Department or Insured may bill the Contractor.
Sample 1
Financial Consequences for Non-Performance. In accordance with paragraph 287.058(1) (h), Florida Statutes, the Department will apply financial consequences if the Broker of Record fails to perform in accordance with the Contract. The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, if the Broker of Record fails to perform or comply with provisions of this Contract. Financial consequences for non-performance shall not be considered penalties. The Parties recognize that the Broker of Record’s timely and proper completion of tasks required under the Contract is of paramount importance to the Department, that the Parties wish to avoid protracted litigation and that the amount of the Department’s damages due to delays in performance of the Contract is difficult to ascertain. Therefore, if the Broker of Record fails to satisfy contractual requirements as a result of factors directly within the Broker of Record’s control, the Broker of Record shall pay the Department, as financial consequences, the amounts specified in Exhibit D. The amounts specified in this section are not penalties and are fair and reasonable to compensate the FDOT for the Broker of Record’s delays or non-performance. These financial consequences do not prevent the Department or the FDOT from seeking contract damages for breaches for which financial consequences are not specified. For amounts due the Department or the FDOT as financial consequences, the Department or FDOT may bill the Broker of Record.
Sample 1

Related to Financial Consequences for Non-Performance

  • Financial Consequences The Department reserves the right to impose financial consequences when the Contractor fails to comply with the requirements of the Contract. The following financial consequences will apply for the Contractor’s non-performance under the Contract. The Customer and the Contractor may agree to add additional Financial Consequences on an as-needed basis beyond those stated herein to apply to that Customer’s resultant contract or purchase order. The State of Florida reserves the right to withhold payment or implement other appropriate remedies, such as Contract termination or nonrenewal, when the Contractor has failed to comply with the provisions of the Contract. The Contractor and the Department agree that financial consequences for non-performance are an estimate of damages which are difficult to ascertain and are not penalties. The financial consequences below will be paid and received by the Department of Management Services within 30 calendar days from the due date specified by the Department. These financial consequences below are individually assessed for failures over each target period beginning with the first full month or quarter of the Contract performance and every month or quarter, respectively, 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 Failure to timely provide Quarterly Sales Reports, transaction fee reports, or other reports as required will result in the imposition of financial consequences and repeated failures or non- payment of financial consequences owed under this Contract may result in the Contractor being found in default and the termination of the Contract. No favorable action will be considered when Contractor has outstanding Contract Quarterly Sales Reports, MFMP Transaction Fee Reports, or any other documentation owed to the Department or Customer, to include fees / monies, that is required under this Contract.

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