Penalty for delayed delivery Sample Clauses

Penalty for delayed delivery. In case of delayed delivery of any shipment, starting from the second week of delay, every week of delay will be charged [**]% of the price of the delayed set as penalty, only a delay for more than 4 days is counted as one complete week Sum of the above mentioned penalty shall not exceed [**]% of the total contract price. Payment of the delayed delivery penalty shall not relieve Seller from the obligation of continuing delivery of relevant contract equipment.

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Penalty for delayed delivery. Landlord agrees that, in the event Landlord fails to achieve Substantial Completion of the Tenant Improvements for the Premises on or before November 15, 1998, which date shall be extended one (1) day for each day of delay in the commencement or completion of Landlord's construction of the Tenant Improvements caused by or resulting from any Tenant Delay or Force Majeure (as so extended, such date is herein referred to as the "Penalty Date"), Tenant shall be entitled, in addition to deferral of the Commencement Date pursuant to Article 4 of the Lease, to a credit against Base Rent due hereunder in an amount equal to one (1) day of Base Rent (calculated on a per diem basis for the first month of the Term) for each day elapsing between the Penalty Date and the date upon which Landlord achieves Substantial Completion of the Tenant Improvements for the Premises. The foregoing shall constitute Landlord's sole liability for damages in the event of any delay in the Substantial Completion of the Tenant Improvements past October 1, 1998.

Penalty for delayed delivery. Sl. Delay % of Penalty 01 One day 5% 02 Two days 10% 03 Three days 15% 04 Four days to up to Seven days 25% 05 Above 7 days and up to 10 days 50% Note:- The above % of penalty is imposed on the TOTAL FREIGHT CHARGES of the consignment EXCLUDING OCTROI AND SERVICE TAX.

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