Delay in handover of the Apartment by the Seller Sample Clauses

Delay in handover of the Apartment by the Seller. In case the Buyer has paid the Sale Price as agreed in the Contract or has perfomed the obligation of payment which has not been completed and the Seller has not handed over the Apartment to the Buyer within the handover term as provided for in Article 8 hereof, the Seller shall pay the Buyer a penalty for the breach of the Contract equal to interest (“Late Hand-over Penalty”), on the total amount of the Sale Price which has been paid by the Buyer to the Seller calculated from the due date of Hand-over Deadline (and any adjustment/extension period permitted under the Contract) to the actual handover date, with the interest rate on short-term loans announced by Vietnam Joint Stock Commercial Bank For Industry And Trade on the first day of the month in which the interest rate is applied plus 2% per year, unless otherwise the law of Vietnam specifies a maximum interest rate, then in that case the penalty interest rate shall be such maximum interest rate,accruing daily, on a 365-day-per-year basis. If the Seller fails to hand over the Apartment to the Buyer by 180 (one hundred and eighty) days from the handover date as agreed in Article 8 of this Contract, the Buyer is entitled to continue performance of this Contract with an additional agreement on an extension of the handover date or unilaterally terminate the Contract according to Article 15 of this Contract. In case the Buyer exercises its right to unilaterally terminate the Contract, the Seller must refund all Instalments of the Sale Price which the Buyer has paid the Seller towards the Sale Price, pay the Buyer a contractual breach penalty which is equivalent to 8% of the Sale Price (excluding of value added tax and Maintenance Fee of Commonly Owned Areas in the Apartment Building) which the Buyer has paid and the compensation amount for the entire actual damage caused to the Buyer within 45 (forty five) Working Days from the date at which the Seller receives a notice of termination of the Contract sent by the Buyer.
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Delay in handover of the Apartment by the Seller. In case the Buyer has paid the Sale Price as agreed in the Contract or has perfomed the obligation of payment which has not been completed and the Seller has not handed over the Apartment to the Buyer within the handover term as provided for in Article 8 hereof, the Seller shall pay the Buyer a penalty for the breach of the Contract equal to interest (“
Sample 1

Related to Delay in handover of the Apartment by the Seller

  • CHANGE OF ASSIGNMENT BY THE STUDENT The Student may change residence assignment, (including, but not limited to, room transfers), only after receiving written or electronically reproducible approval from an authorized staff member of UCF DHRL, and only in conformity with established procedures for changing residence assignments.

  • PROCEDURE TO CANCEL AGREEMENT BY THE STUDENT ALL requests for cancellation of the housing agreement must be IN WRITING OR REPRODUCIBLE ELECTRONIC FORMAT and submitted to UCF DHRL at the address for official communications shown in this agreement.

  • Assignment by the Authority Notwithstanding anything to the contrary contained in this Agreement, the Authority may, after giving 60 (sixty) days' notice to the Concessionaire, assign and/ or transfer any of its rights and benefits and/or obligations under this Agreement to an assignee who is, in the reasonable opinion of the Authority, capable of fulfilling all of the Authority's then outstanding obligations under this Agreement.

  • Permitted Assignment by Seller Seller may (i) assign this Agreement without consent of Buyer to an Affiliate of Seller or a purchaser of all or substantially all of the Seller’s assets used in connection with performing this Agreement, upon a showing of the proposed assignee’s technical and financial capability to fulfill the requirements of Seller under this Agreement, as determined by Buyer in its reasonable discretion, or (ii) transfer, pledge, encumber or assign the Facility, this Agreement or the accounts, revenues or proceeds under the Agreement as security for the project financing associated with the Facility.

  • RIGHT TO ENTER THE APARTMENT FOR REPAIRS The Promoter / maintenance agency /association of allottees shall have rights of unrestricted access of all Common Areas, garages/closed parking's and parking spaces for providing necessary maintenance services and the Allottee agrees to permit the association of allottees and/or maintenance agency to enter into the [Apartment/Plot] or any part thereof, after due notice and during the normal working hours, unless the circumstances warrant otherwise, with a view to set right any defect.

  • Action by the Superintendent The Superintendent shall determine which of the alternative courses of action is proper and shall take appropriate action to implement such determination.

  • Project Monitoring by the State The State may conduct on-site or off-site monitoring reviews of the Project during the term of this Grant Agreement and for up to ninety (90) days after it expires or is otherwise terminated. The Grantee shall extend its full cooperation and give full access to the Project site and to relevant documentation to the State or its authorized designees for the purpose of determining, among other things:

  • Acceptance by the City It is expressly understood and agreed that all materials provided and/or work done by the Contractor shall be subject to inspection and acceptance by the City at its discretion, and that any progress inspections and approval by the City of any item or work shall not forfeit the right of the City to require the correction of faulty workmanship or material at any time during the course of the work, although previously approved by oversight. Nothing herein contained shall relieve the Contractor of the responsibility for proper construction and maintenance of the work, materials and equipment required under the terms of this Contract until all work has been completed and accepted by the City.

  • Termination by the State The State or commissioner of Administration may cancel this Professional and Technical Services Master Contract and any Work Authorizations at any time, with or without cause, upon 30 days’ written notice to the Contractor. Upon termination, the Contractor will be entitled to payment, determined on a pro rata basis, for services satisfactorily performed.

  • Payment by the Judicial Council A. In accordance with the terms and conditions of this Agreement, the Judicial Council will pay the Contractor the actual cost not to exceed the total Contract Amount, as set forth in Table 1, below, for performing the Work of this Agreement. Payment will be at the prices set forth herein and based upon the actual and allowable cost to perform the Work. Table 1: Description Exhibit Estimated Total Cost Sleeping Rooms C $@,@@@.@@ Meeting and Function Rooms D $@,@@@.@@ Food and Beverage Service E $@,@@@.@@ Miscellaneous Requirements and Expenses F $@,@@@.@@ Total Contract Amount: $@@@@.@@

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