Common use of Payment Deduction Clause in Contracts

Payment Deduction. In the event PARTNER shall fail to make payment on Liquidated Damages referred to above, then TELKOM shall be entitled to Liquidated Damages amounts so imposed by means of deducting forthwith from payment of AGREEMENT PRICE.

Appears in 1 contract

Sources: Partnership Agreement (Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia TBK)

Payment Deduction. In the event PARTNER CONTRACTOR shall fail to make payment on Liquidated Damages referred to above, then TELKOM shall be entitled to Liquidated Damages amounts so imposed by means of deducting forthwith from payment of AGREEMENT PRICE.

Appears in 1 contract

Sources: Contract Agreement for Softswitch System Class 4 Procurement Program (Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia TBK)