Common use of STIPULATED PENALTIES Clause in Contracts

STIPULATED PENALTIES. A. In the event that DOE fails to submit a primary document, as identified in Section XXII (Review/Comment on Documents), to EPA pursuant to the appropriate timetable or deadline in accordance with the requirements of this Agreement, or fails to comply with a term or condition of this Agreement which relates to an interim or final remedial action, EPA and SCDHEC may determine jointly that a stipulated civil penalty may be assessed. The EPA will implement the joint decision under this Subsection. A stipulated penalty may be assessed in an amount not to exceed $5,000 for the first week (or part thereof), and $10,000 for each additional week (or part thereof) for which a failure set forth in this Subsection occurs.