Penalty Clause a. Non-execution of supply order - For the reasons of failure to supply partially or completely within 30 days, if the Procurement cell has to buy the items from the RC 2 (L-2), RC 3 (L-3) or approved local vendor firm, the rate difference in cost will be recovered from XX xxxxxx i.e. L1 /Billing Agency as appointed by the Rate Contract Holder. The difference amount will be deducted from the forthcoming bills of the supplier pertaining to any product. Repeated failure (Three times) to supply in part or in full may amount to termination of rate contract for the product (s) and forfeiture of Performance Security. Reasons of failure to supply the material will be communicated by the firm to the Procurement cell timely.
Penalty Clause. In case any infringement/default as defined under Clause 4.2.2, 4.2.3, 4.3.9 and
Penalty Clause. 6.1 In the case of the Contractor´s delay with the work handover within the deadline pursuant hereto, the Client shall charge a contractual penalty 1.500 CZK for each commenced day of the delay.
Penalty Clause. 11.1. If Dyflexis does not meet the response obligations, referred to as the Response and Repair Time, in accordance with article 4 (Priority Levels and Error Handling), Dyflexis will pay a penalty for each hour in which the response or repair is delayed, that is equal to one thirtieth of the monthly amount due for the respective Service.
Penalty Clause. 6.1 In the case of the Contractor´s delay with the work handover within the deadline pursuant hereto, the Client shall charge a contractual penalty in the amount of 0.5 % of the price of the work for each commenced day of the delay.
Penalty Clause. In the event of a breach by Seller of any of the provisions of this terms and conditions, Buyer will put Seller on Notice, and Buyer and Seller shall engage in good faith negotiations concerning Seller’s breach and the amount of payment due to Buyer to address Seller’s breach, and without prejudice to any other rights provided for by law or under this agreement such as the right to specific performance, the right to an injunction.
Penalty Clause. Notwithstanding the REGISTRY's authority to rescind the Contract for any of the reasons mentioned in Clause Seven of this contract, and to request compensation for all damages caused, the REGISTRAR, by virtue of this penalty clause, which is of a cumulative nature and does not replace article 1152 of the Civil Code, is required to pay the REGISTRY an amount of up to €3,000 (THREE THOUSAND EURO) VAT EXCLUDED:
Penalty Clause. A) The following penalty will be imposed in the event of NON MARCH OUT OF VEHICLE
Penalty Clause. The Channel Partner understands and acknowledges that any disclosure and / or appropriation of any Confidential Information, including by its managers, employees, consultants and / or collaborators, as well as the violation of the legal requirements regarding the protection of the processing of personal data, are of a nature to the cause of serious and irreparable damage to the FUDX, the amount of these damages being difficult to estimate and prove, which is why the Channel Partner accepts by signing this Agreement that in case of breach of the obligation to keep the confidentiality of the information as regulated in the present Contract and of the legal regulations in the matter of protection of the processing of personal data, to pay to the FUDX damages in the amount of INR 2500000/-.
Penalty Clause. There shall be regular review regarding the performance of the contractor by MCGM/ Traffic Police. In case at any stage, it has been observed/ found that the performance of the contractor is unsatisfactory or discrepancies are found in the works carried out by contractor, the MCGM reserves the right to cancel the contract and black list the contractual firm(s) after giving due opportunity and forfeit the Performance Guarantee. However, performance of the work does not include un-avoidable delay in executing the work and penalty levied on account of delayed works and other insignificant shortcomings. If the maintenance work is not carried out to the satisfaction of the MCGM and /or Traffic Police Authorities, the Contractor shall be liable to be penalized and deductions, as deemed appropriate. The penalty / deductions will be made from the maintenance bills, after evaluating the performance on the basis of several external factors such as power supply, excavation permission, no. of signals that were faulty or non functioning, the response time in attending the faults/ damages, frequency of defects, non replacement of LED retrofits/ SMPS or other parts, other software and hardware problems related to the Controller etc. In case of unsatisfactory maintenance, the office of Jt. Commissioner of Police (Traffic), who are the end users of the Traffic Signal Systems, may also propose penalty. The penalties will be based on resolution time as specified below. If the resolution time exceeds the specified resolution time, then the penalties will be levied as specified below and will be deducted from the monthly running bills.
