Common use of Fine Clause in Contracts

Fine. The lack of payment of any of the amounts due under the terms of this Section 4.2 and Section 4.3, as applicable, within the term set forth in Section 4.3.6, shall subject the non-compliant Party to a pecuniary fine of five percent (5%) of the amount due and not paid, increased by interests of one percent (1%) per month calculated pro rata temporis, and adjusted by the positive variation of the CDI rate, as from the due date until the date on which the payment is fully made, without prejudice of any other measures that the Parties may be entitled to according to the Applicable Law.