Sentences with phrase «penalty clause for»

Penalties for Late Payment Many Tenancy Agreements include a Penalty Clause for late payment.

Some distant talk of Jaguars although there penalty clause for leaving a new stadium is insane and not affordable....

But the measure, implemented through a notice issued by ministries, not legislation, contains no penalty clause for operators that fail to report cases, a Cabinet Office official acknowledged.»

Penalty clauses for breaking the mortgage contract early are a prime example.

Not exact matches

Some leases also include buy - out clauses that enable you to break the lease early as long as you pay a penalty (two months» rent, for example).

And The Ten Commandments make clear that «Thou shalt not kill» — there is no clause for retribution towards terrorists or the death penalty or anything of the sort.

Catholics can live with hard laws if they serve the common good» but the laws need to be equally hard for all offending persons and institutions, with the same rules and penalties and no hidden escape clauses.

After an appropriate introduction relating all laws to God, the Book of the Covenant proceeds to state its laws and regulations for the most part without further reference to the deity, and omitting any clause as to why the law shall be observed or what will result from its infraction (other than the legal penalty) or its observance.

Each bishop will decide whether to allow the rite within each local diocese, and a conscience clause bars penalties for bishops who oppose the rite.

I have no idea what clauses Mullen has in his current contract, but if they don't have much penalties in there for leaving to another SEC school, I can see this happening.

The Bill also contains clauses paving the way for Making Tax Digital, substantial changes to the rules for fulfilment businesses and a range of anti-avoidance measures, including penalties for enablers of avoidance schemes.

Clause 95 of the Finance Bill 2017 provides for a new penalty which will apply to anyone found to have claimed input tax on a transaction which they «knew or should have known» was connected with a VAT fraud (the input tax claim thus being bad in law).

Article 14 (1) Every person shall be entitled to his personal liberty and no person shall be deprived of his personal liberty except in the following cases and in accordance with procedure permitted by law; Article 19 (1) A person charged with a criminal offence shall be given a fair hearing within a reasonable time by a court; Article 19 (11) No person shall be convicted of a criminal offence unless the offence is defined and the penalty for it is prescribed in a written law; Article 19 (12) Clause (11) of this article shall not prevent a Superior Court from punishing a person for contempt of itself notwithstanding that the act or omission constitution the contempt is not defined in a written law and the penalty is not so prescribed; and Article 126 (2) The Superior Courts shall be superior courts of record and shall have the power to commit for contempt to themselves and all such powers as were vested in a court of record immediately before the coming into force of this constitution.

While No Child Left Behind initially had a provision for penalties against large opt out numbers, which carried over to the new Every Student Succeeds Act, the «testocracy» seems to be too afraid to use this clause.

For Apple, if it loses, the bill will be much higher since the company decided to fight rather than settle, and because antitrust law includes a nasty penalty clause that triples actual damages.

The contract should include a cancellation clause detailing what penalties may be applied for early loan termination and the process by which you or the lender may cancel the loan.

some Banks still had an IRD penalty clause in their standard charge terms but the formula for calculating this was very different from today.

As another way to compensate for prepayment risk (which is a reinvestment risk), a prepayment penalty clause is often included in the loan contract.

Before applying for a home equity loan, take your time to check your first mortgage terms and conditions, especially the penalties clauses.

For borrowers who would like to pay off their closed mortgages early, the mortgage contract includes the clause where penalties may be charged by the lender.

Retail CDs commonly have an early withdrawal clause or option that allows the investor (depositor) to essentially sell the CD back to the issuing institution prior to its stated maturity for face value plus accrued interest less a pre-established early withdrawal penalty.

Some banks still had an IRD penalty clause in their standard charge terms, but the formula for calculating this was very different from today.

In this clause 6 «Claims» means and includes any action, suit, proceeding, claim, demand, damage, penalty, cost or expense however arising (including negligence, trespass to the person or for breach of implied terms in the sale of services under section 74 of the Trade Practices Act (1974) Cth and equivalent provisions contained in State sale of goods or fair trading legislation).

Lord Dunedin in Dunlop Tyre laid down the guidelines to assist in determining if a clause for payment of a fixed sum was a penalty or a genuine pre-estimate of loss:

Clause 25 provides for warning notices to be given as a prelude to enforcement action and cl 80 would empower the commission to issue fixed penalty notices, a power not available to the current registration authorities.

(1.1) For greater certainty, if a hearing by the Tribunal is required under section 140 in respect of an order to pay an administrative penalty, the regulations made under clause 182.3 (13)(b) governing the determination of the amounts of administrative penalties apply to the Tribunal.

The application judge found that the two - member firm partnership had been dissolved and declared the restrictive covenant unenforceable as a penalty, but directed a trial of an issue to determine the damages payable by the appellant as a result of a breach of the portion of the portion of the covenant he found valid and severable — the withdrawal having triggered a clause in the agreement which called for the reduction of the withdrawing partner's capital account «by 500 % of the average fees billed by the firm to clients who transfer to the withdrawing partner within 24... Read More

The application judge found that the two - member firm partnership had been dissolved and declared the restrictive covenant unenforceable as a penalty, but directed a trial of an issue to determine the damages payable by the appellant as a result of a breach of the portion of the portion of the covenant he found valid and severable — the withdrawal having triggered a clause in the agreement which called for the reduction of the withdrawing partner's capital account «by 500 % of the average fees billed by the firm to clients who transfer to the withdrawing partner within 24 months of the withdrawal date».

Every lease I have ever seen (and most of the free template lease forms on the web have) had a clause stating that making unauthorized changes to the property is not permitted, along with the possible penalties, like paying for the damages, losing a deposit, even eviction.

However, careful drafting is needed to ensure that this type of loss is both quantifiable and that an indemnity clause covering it could not be successfully challenged for being a «penalty» clause within the supply agreement.

A penalty clause finding would have removed the time limitation constraints for customers in issuing proceedings.»

With the passing of the Insurance Laws (Amendment) Bill, 2015, a penalty clause fining insurance companies up to Rs 25 crore for mis - selling was announced.

The Agreed Value Option is an excellent tool for policy holders to avoid the penalty of the coinsurance clause in both property and business income insurance.

In your contract you can include a penalty clause which provides liquidated damages for each day that the project runs over the schedule.

You can also include a bonus clause, (which is sometimes required legally) that allows the contractor to be paid extra for finishing ahead of schedule, (usually the same amount as the penalty clause).

Pre-payment penalties will generally provide you with a slightly lower interest rate in exchange for the pre-payment penalty clause.

After the house was sold (and she couldn't put liens on the house), I sent her a bill for the work that had to be done and the 88 days that she was late (the penalty clause).

Any property offered with seller financing should have a no pre-payment penalty clause built into the loan papers for the benefit of the buyer.