PENALTY FOR MALPERFORMANCE Clause Samples

PENALTY FOR MALPERFORMANCE. 18.1. In the event of the Firm breaching any provision of the Scope of Work and Procedure (Annexure B), the Fund will have the option to impose a penalty on the Firm in respect of the breach. 18.2. The Firm acknowledges that the Fund suffers prejudice when the Firm fails to timeously perform its obligations in terms of the Scope of