Fine Amount Calculations Clause Samples
The Fine Amount Calculations clause defines how financial penalties are determined when a party breaches specific terms of an agreement. It typically outlines the formula or method used to calculate the fine, such as a fixed sum, a percentage of the contract value, or a daily rate for each day of non-compliance. This clause ensures transparency and predictability in the enforcement of penalties, helping both parties understand the financial consequences of a breach and reducing disputes over penalty amounts.
Fine Amount Calculations. Pursuant to Guideline §§ 8C2.1 and 8C2.10, the amount of the fine to be imposed is to be based upon the factors set forth at Title 18, United States Code, Sections 3553 and 3572.
Fine Amount Calculations i. Base fine. Pursuant to Guidelines §§ 8C2.3(a) and 8C2.4(b) and § 2C1.1(d)(1)(B), the base fine is the value of the benefit received in return for the payment. It is the government’s position that the value of the benefit received was at least approximately $2 million. Defendant reserves the right to argue that the value of the benefit received was less than $1,500,000.