Responsibility of the Parties and Resolution of Disputes. 8.1. The Licensee shall pay to the Licensor a late payment fee of 0.5 (zero point five) % of the delayed payment amount per each day of the delay, but not exceeding 10 (ten) % of the total delayed payment amount.
Responsibility of the Parties and Resolution of Disputes. 3.1. In case if the Lendee fails to repay the Loan in full or in parts, or fails to pay the interest to the Collateral Agent and/or Platform Administrator within the terms specified herein, the Collateral Agent shall evaluate the economical reasonability of imposing the penalty and inform the Lendee respectively, and the Lendee, in addition to other payments defined herein, shall pay the penalty in the amount of 0.5 % (zero point five percent) from the amount of interests which have not been timely paid for each calendar day of the delay, but the total amount of the penalty shall not exceed 10% (ten percent) from the unpaid amount of the Loan. Imposing or paying of the penalty shall not replace the Lendee’s obligation to immediately repay all the unpaid interests and the remaining Loan amount.
Responsibility of the Parties and Resolution of Disputes. In case of delayed payment for services and reimbursement of the Contractor’s expenses, as stipulated in Paragraphs 2.2.3 and 4.7 of this Agreement, the Customer shall pay a penalty in the amount of zero point three percent (0.3 %) of the outstanding amount per day for the first 10 calendar days of delay, and zero point five percent (0.5 %) of the outstanding amount per day for any delay period exceeding the first 10 calendar days of delay. When agreeing on the amount of penalties, the Customer confirms that the specified amount of the penalty (interest) for delayed payment will be proportionate to the breached obligation, and meets the criteria of reasonableness and soundness. The Parties agree not to apply the provisions of Article 317.1 of the Civil Code of the Russian Federation. The Contractor shall be liable to the Customer for non-fulfillment or improper fulfillment of obligations hereunder to the extent of the cost of the Services the provision of which caused damages to the Customer through the Contractor’s fault. In case of delayed provision or provision of overdue documents/information by the Customer, the Contractor shall not be liable for complying with the deadlines for the fulfillment of the Obligations hereunder. In all other cases of non-fulfillment of obligations under this Agreement, the Parties shall bear responsibility in accordance with the current legislation of the Russian Federation. The Parties shall endeavor to settle all issues related to the performance of this Agreement by negotiations. In case of failure to reach an agreement by negotiation, all disputes related to this Agreement shall be settled in the Arbitration Court at the defendant’s location. Compliance with the extrajudicial dispute resolution procedure shall be mandatory. The period of claim response (satisfaction of the stated claim) shall be 10 calendar days from the claim receipt date (or the date when the claim to the Party evading its receipt arrived at the respective post office at the Party’s location, or the date of the attempt to serve the claim to the evading Party by specialized courier/postal service, or the date the claim was sent to the e-mail address of the Party concerned).
