Penalty Fee definition
Examples of Penalty Fee in a sentence
If Licensee was required to perform work and fails to perform such work necessitating its completion by the City, the City may either charge an additional ten percent (10%) to its costs or, if applicable, assess the Failure to Timely Transfer, Abandon or Removal Facilities Penalty Fee.
If the LICENSOR determines through an annual inspection that the LICENSOR was undercompensated as required by this Agreement, then the LICENSEE shall pay to the LICENSOR a Penalty Fee.
The Penalty Fee shall comprise three times the difference between the actual compensation and the required compensation.
Determine the Penalty Fee – this is the fee charged for Investor(s) withdrawing before the Trading Period is over.
The formula used to calculate the Withdrawal fee is: Early Withdrawal Fee = Withdrawal Amount * Penalty Fee % (as specified in the Offer).