Penalty for delay. 31.1 If the Consultant fails to complete the Services within the time a stipulated in this Contract for completion of Services or a part or portion of Services, the Consultant shall be liable to the Employer for an amount calculated at 0.5% of the Contract Price per delayed Day per order, which shall be paid for every Day which shall elapse between the time for due completion and completion of the relevant Services. However, the total amount due under this sub-clause shall not exceed the maximum of 10% of the Contract Price.
Penalty for delay. Subject to Article 11, if the Seller fails to deliver for reasons attributable to him any or all of the goods or perform any of the services within the time period specified in the Contract, UNIDO may, without prejudice to any other rights and remedies, deduct from the total price stipulated in this Contract an amount of 1% of the price of such goods or unperformed services for each week of delay, up to maximum of 10% of the total price of the Contract.
Penalty for delay. If Supplier is behind schedule in the delivery of Goods or Services, Purchaser is entitled to apply a penalty of 1% of the Purchase Order price for each day of delay up to a maximum of 10% of the Purchase Order price. The amount of penalty will be communicated to Supplier after delivery of Goods/Services and it will be set off with Purchaser’s debts relevant to price for Goods/Services.
Penalty for delay. In case of delay in delivery of materials the Corporation of Chennai may at his option, impose a penalty calculated at the rate of 0.1 percent of the Indent/Contract value of such portion only of the quantity as have not been delivered on the specified date, for each day of delay. Such reduction shall be in full satisfaction of the suppliers liability for the delay and shall not in any case exceed five percent of the total value of contract.
Penalty for delay. Penalty for any delay for any of the Deliverables shall be subjected to terms specified in each applicable SOW.
Penalty for delay. If the final delivery is not approved and this is not due to circumstances attributable to the AREC and SK, or the circumstances mentioned in paragraph 14, then a daily penalty will automatically take effect. This daily fine is equal to 0.15 per cent of the Agreement Price and is calculated for each calendar day for the duration of the delay up to a maximum of 60 days. As long as the daily penalty is in effect, AREC and SK cannot terminate the Agreement or claim other damages for the delay. This limitation does, however, not apply if the Contractor, or anyone he is responsible for, has failed to give notice, or the delay is due to willful intent or gross negligence on the part of the Contractor or anyone he is responsible for.
Penalty for delay. If the progress of assignment is found to be non-satisfactory or delayed at any point of time, Udyog Bandhu reserves the right to impose penalty. The total amount of penalty shall not exceed 10% of total assignment fee.
Penalty for delay. The time allowed for carrying out the work as entered in the contract shall be strictly observed by the contractor and shall be reckoned from the date on which order to commence work is given to the contractor. The work shall through out the stipulated period of the contract be proceeded with all due diligence ( time being deemed to the essence of the contract on the part of the contractor) and the contractor shall pay as penalty an amount equal to one half percent of the estimated cost of the whole work as shown in the contract for every week, the work remains unfinished after the contract completion period , provided always that the entire amount of compensation to be paid under the provisions of this clause shall not exceed 5 percent of the estimated or actual cost of work whichever is higher.
Penalty for delay. To the extent that Developer fails to achieve Substantial Completion by December 31, 2001 PLUS such additional time, if any, as Substantial Completion has been delayed by unusually inclement weather, fire, earthquakes, labor disturbances, moratoria or other matters beyond Developer's reasonable control, SureBeam shall be entitled to one (1) day of free rent for each day of delay; provided, however, that the Commencement Date shall not be affected for purposes of paying rent, and SureBeam shall not be entitled to free rent, to the extent that any delay is attributable to Tenant Delay.
Penalty for delay. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
