Common use of Terms of application Clause in Contracts

Terms of application. These penalties are cumulative and deemed to be incentive and consequently are not exclusive of any remedy the Purchaser is entitled to under the Contract. These penalties do not constitute any waiver by the Purchaser of the right to terminate the Contract and/or to ask a compensation for any loss suffered.

Terms of application. These penalties are cumulative and deemed to be incentive (default interest) and consequently are not exclusive of any other remedy to which the Purchaser is entitled to under the ContractContract requirements. These penalties do not constitute any waiver by the Purchaser of the right to terminate the Contract and/or to ask a compensation for any loss suffered. The Supplier expressly accepts this contractual provision.