Breach of Contract. 4.1 If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the Non-defaulting Party con notify the Defaulting Party in writing, requesting it rectify and correct such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response. 4.2 The occurrence of the following events constitute a breach of contract by Party B: (1) any violation by Party B of the provisions of this Agreement, or these exists in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect; (2) transference in any manner, or the pledging of any rights pursuant to this Agreement without the prior written consent of Party A; or (3) this Agreement, Loan Agreement and/or Equity Pledge Agreement becomes invalid or unenforceable. 4.3 Should a breach of contract or violation of provisions under Loan Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions: (1) request Party B transferring all or part of Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and (2) take back loans made under the Loan Agreement. 4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
Appears in 18 contracts
Samples: Equity Interest Purchase Agreement (Toda International Holdings Inc.), Equity Interest Purchase Agreement (Toda International Holdings Inc.), Equity Interest Purchase Agreement (Sohu Com Inc)
Breach of Contract. 4.1 7.1 If any party either Party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties Parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responsethe laws.
4.2 7.2 The occurrence of the following events shall constitute a breach of contract default by Party B:
(1) any violation by Party B of the provisions breaches any provision of this Agreement, or these exists any representation or warranty made Party B under this Agreement is untrue or proves inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspect;
(2) transference in any manner, Party B assigns or the pledging otherwise transfers or disposes of any of its rights pursuant to under this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B which renders this Agreement, the Loan Agreement and/or Agreement, and the Equity Pledge Agreement becomes invalid or unenforceable.
4.3 7.3 Should a breach of contract by Party B or violation by Party B of provisions under the Loan Agreement, Agreement and the Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actionsmay:
(1) request Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the Designated PersonsPerson pursuant to this Agreement; and
(2) take back loans made recover the principal and the interest accrued thereupon under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
Appears in 17 contracts
Samples: Exclusive Purchase Option Agreement (JD.com, Inc.), Exclusive Purchase Option Agreement (JD.com, Inc.), Exclusive Purchase Option Agreement (JD.com, Inc.)
Breach of Contract. 4.1 If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the Non-defaulting Party con notify the Defaulting Party in writing, requesting it rectify and correct such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response.
4.2 The occurrence of the following events constitute a breach of contract by Party B:
(1) any violation by Party B of the provisions of this Agreement, or these exists in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference in any manner, or the pledging of any rights pursuant to this Agreement without the prior written consent of Party A; or
(3) this Agreement, Loan Agreement and/or Equity Pledge Agreement becomes invalid or unenforceable.
4.3 Should a breach of contract or violation of provisions under Loan Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring all or part of Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and
(2) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 11 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
4.5 Notwithstanding other provisions under the Agreement, the validity of Article 4 will not be affected by the termination of the Agreement.
Appears in 5 contracts
Samples: Equity Interest Purchase Agreement, Equity Interest Purchase Agreement (Changyou.com LTD), Equity Interest Purchase Agreement (Sohu Com Inc)
Breach of Contract. 4.1 5.1 If any party (the “Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (each a “Non-defaulting Party”), the Non-defaulting Party con can notify the Defaulting Party in writing, requesting it writing to rectify and correct such a breach of contractbreach; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in responseapplicable laws.
4.2 5.2 The occurrence of the following events constitute constitutes a breach of contract by Party B:
(1) any 5.2.1 Any violation by Party B of the provisions of this Agreement, or these exists in the representation and warranties hereunder herein contain material mistakes, inaccuracies or are otherwise incorrect;
(2) transference 5.2.2 Transference in any manner, or the pledging of any rights pursuant to this Agreement without the prior written consent of Party A; or;
(3) this Agreement, Loan 5.2.3 This Agreement and/or Equity the Pledge Agreement becomes invalid or unenforceable.
4.3 5.3 Should a breach of contract or violation of provisions under Loan Agreement, Equity the Pledge Agreement and Business Operation the Operating Agreement occur, Party A can take the following actions:
(1) request that Party B transferring transfers all or part of Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and
(2Specified Person(s) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.1 hereof.
Appears in 4 contracts
Samples: Exclusive Equity Interest Purchase Agreement (Grand Farm Inc.), Exclusive Equity Interest Purchase Agreement (Grand Farm Inc.), Exclusive Equity Interest Purchase Agreement (Kurrant Food Enterprises, Inc.)
Breach of Contract. 4.1 7.1 If any party either Party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties Parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responsethe laws.
4.2 7.2 The occurrence of the following events shall constitute a breach of contract default by Party B:
(1) any violation by Party B of the provisions breaches any provision of this Agreement, or these exists any representation or warranty made Party B under this Agreement is untrue or proves inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspect;
(2) transference in any manner, Party B assigns or the pledging otherwise transfers or disposes of any of its rights pursuant to under this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B which renders this Agreement, Loan Agreement and/or and the Equity Pledge Agreement becomes invalid or unenforceable.
4.3 7.3 Should a breach of contract by Party B or violation by Party B of provisions under Loan Agreement, the Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) may request Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the Designated PersonsPerson pursuant to this Agreement; and
(2) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
Appears in 4 contracts
Samples: Exclusive Purchase Option Agreement (IWEB, Inc.), Exclusive Purchase Option Agreement (IWEB, Inc.), Exclusive Purchase Option Agreement (IWEB, Inc.)
Breach of Contract. 4.1 3.1 If any party either Party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties Parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responsethe laws.
4.2 3.2 The occurrence of the following events shall constitute a breach of contract default by Party BB and/or Party C:
(1) any violation by Party B of the provisions and/or Party C breaches any provision of this Agreement, or these exists any statement or warranties made Party B and/or Party C under this Agreement is untrue or is proved inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspects;
(2) transference in Party B and/or Party C assigns or otherwise transfers or pledges any manner, or the pledging of any their/its rights pursuant to this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B and/or Party C that render this Agreement, the Loan Agreement, the Pledge Agreement and/or Equity Pledge the Operations Agreement becomes to be invalid or unenforceable.
4.3 3.3 Should a breach of contract by Party B and Party C or violation by Party B and/or Party C of provisions under the Loan Agreement, Equity the Pledge Agreement and Business the Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring and Party C to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the Designated PersonsPerson pursuant to this Agreement; and
(2) take back the loans made under the Loan Agreement.
4.4 3.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A thus obtains the relevant proceeds and payments, Party B and Party C will be deemed to have fully fulfilled its their obligations under this Agreement and Party A should will not request any other payments from Party B.B and Party C.
Appears in 3 contracts
Samples: Exclusive Equity Option Agreement (Zhaopin LTD), Exclusive Equity Option Agreement (Zhaopin LTD), Exclusive Equity Option Agreement (Zhaopin LTD)
Breach of Contract. 4.1 If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the Non-defaulting Party con can notify the Defaulting Party in writing, requesting it rectify request rectification and correct correction of such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response.
4.2 The occurrence of the following events constitute constitutes a breach of contract by Party B:
(1) any violation by Party B of the provisions of this Agreement, or these exists material mistakes, inaccuracies or other incorrect information in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrecthereunder;
(2) transference assignment or transfer in any mannermanner of, or the pledging of of, any rights pursuant to this Agreement without the prior written consent of Party A; or
(3) this Agreement, Loan Agreement and/or Equity Interest Pledge Agreement becomes invalid or unenforceable.
4.3 Should a breach of contract or violation of provisions under Loan Agreement, the Equity Interest Pledge Agreement and and/or Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring all or part of Purchased Equity Interests at Purchase Price to transfer to Party A or the Designated PersonsPerson all or any percentage of the Purchased Equity Interests at the Purchase Price ; and
(2) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 11 of the Equity Interest Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
4.5 Notwithstanding other provisions of this Agreement, the effect of Article 4 will not be affected by the termination of this Agreement.
Appears in 3 contracts
Samples: Equity Interest Purchase Right Agreement, Equity Interest Purchase Right Agreement (Sohu Com Inc), Equity Interest Purchase Right Agreement (Changyou.com LTD)
Breach of Contract. 4.1 5.1 If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the Non-defaulting Party con can notify the Defaulting Party in writing, requesting it rectify and correct such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response.
4.2 5.2 The occurrence of the following events constitute a breach of contract by Party B:
(1) any 5.2.1 Any violation by Party B of the provisions of this Agreement, or these exists in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference 5.2.2 Transference in any manner, or the pledging of any rights pursuant to this Agreement without the prior written consent of Party A; or;
(3) this Agreement, Loan 5.2.3 This Agreement and/or Equity Pledge Agreement becomes invalid or unenforceable.
4.3 5.3 Should a breach of contract or violation of provisions under Loan Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring that transfers all or part of Purchased Equity Interests at Purchase Price to Party A or the Designated Specified Persons; and
(2) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
Appears in 3 contracts
Samples: Exclusive Equity Interest Purchase Agreement (Metha Energy Solutions Inc.), Exclusive Equity Interest Purchase Agreement (Metha Energy Solutions Inc.), Exclusive Equity Interest Purchase Agreement (Zheng Hui Industry Corp.)
Breach of Contract. 4.1 If any party (hereinafter referred to as “Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (hereinafter referred to as “Non-defaulting Party”), the Non-defaulting Party con can notify the Defaulting Party in writing, requesting it rectify request rectification and correct correction of such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response.
4.2 The occurrence of the following events constitute constitutes a breach of contract by Party B:
(1) any violation by Party B of the provisions of this Agreement, or these exists material mistakes, inaccuracies or other incorrect information in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrecthereunder;
(2) transference assignment or transfer in any mannermanner of, or the pledging of of, any rights pursuant to this Agreement without the prior written consent of Party A; or
(3) this Agreement, Loan Agreement and/or Equity Interest Pledge Agreement becomes invalid or unenforceable.
4.3 Should a breach of contract or violation of provisions under Loan Agreement, the Equity Interest Pledge Agreement and and/or Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring all or part of Purchased Equity Interests at Purchase Price to transfer to Party A or the Designated Persons; and
(2) take back loans made under Person all or any percentage of the Loan Agreement.Purchased Equity Interests at the Purchase Price;
4.4 Once Party A realizes the pledge pursuant to Article 9 11 of the Equity Interest Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should shall not request any other payments from Party B.B. and
4.5 Notwithstanding other provisions of this Agreement, the effect of Article 4 will not be affected by the termination of this Agreement.
Appears in 2 contracts
Samples: Equity Interest Purchase Right Agreement (Changyou.com LTD), Equity Interest Purchase Right Agreement (Sohu Com Inc)
Breach of Contract. 4.1 3.1 If any party either Party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties Parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responselaw.
4.2 3.2 The occurrence of the following events shall constitute a breach of contract default by Party BB and/or Party C:
(1) any violation by Party B of the provisions and/or Party C breaches any provision of this Agreement, or these exists any statement or warranties made Party B and/or Party C under this Agreement is untrue or is proved inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspects;
(2) transference in Party B and/or Party C assigns or otherwise transfers or pledges any manner, or the pledging of any their/its rights pursuant to this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B and/or Party C that render this Agreement, the Loan Agreement, the Pledge Agreement and/or Equity Pledge the Operations Agreement becomes to be invalid or unenforceable.
4.3 3.3 Should a breach of contract by Party B and Party C or violation by Party B and/or Party C of provisions under the Loan Agreement, Equity the Pledge Agreement and Business the Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring and Party C to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and
(2) take back loans made under the Loan Person pursuant to this Agreement.
4.4 3.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A thus obtains the relevant proceeds and payments, Party B and Party C will be deemed to have fully fulfilled its their obligations under this Agreement and Party A should will not request any other payments from Party B.B and Party C.
Appears in 2 contracts
Samples: Exclusive Equity Option Agreement (Jufeel International Group), Exclusive Equity Option Agreement (Jufeel International Group)
Breach of Contract. 4.1 3.1 If any either party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responselaws.
4.2 3.2 The occurrence of the following events shall constitute a breach of contract default by Party BB and/or Party C:
(1) any violation by Party B of the provisions breaches any provision of this Agreement, or these exists any statement or warranties made Party B under this Agreement is untrue or is proved inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspects;
(2) transference in Party B assigns or otherwise transfers or pledges any manner, or the pledging of any their/its rights pursuant to this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B that render this Agreement, the Loan Agreement, the Pledge Agreement and/or Equity Pledge the Operations Agreement becomes to be invalid or unenforceable.
4.3 3.3 Should a breach of contract by Party B or violation by Party B of provisions under Loan Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or and/or the Designated PersonsPerson pursuant to this Agreement; and
(2) take back loans made under the Loan Agreement.
4.4 3.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A thus obtains the relevant proceeds and payments, Party B will be deemed to have fully fulfilled its their obligations under this Agreement and Party A should will not request any other payments from Party B.
Appears in 1 contract
Breach of Contract. 4.1 If any breach by any party (“Defaulting Breaching Party”) breaches of any provision provisions of this Agreement, which may Agreement will cause damages damage to the other parties (“Non-defaulting Breaching Party”), the Non-defaulting Breaching Party con notify may give a written notice to the Defaulting Breaching Party, requiring the Breaching Party in writing, requesting it rectify to remedy and correct such a its breach of contractimmediately; if the Defaulting Breaching Party does not fails to take actions which rectify and correct such breach measures satisfactory to the satisfaction of the Non-defaulting Breaching Party to remedy and correct its breach within fifteen (15) days upon from the issuance of date on which the Non-Breaching Party gives the above written notice, the Non-defaulting Breaching Party can may immediately take actions pursuant to any other relief measures in such manners as stipulated in this Agreement or other measures in accordance with laws in responseby legal means.
4.2 The occurrence All of the following events shall constitute a Party B’s breach of contract by Party Bthis Agreement:
(1) any violation by 4.2.1 Party B of the breaches any provisions of this Agreement, or these exists in the representation any representations and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference made by Party B in any manner, or the pledging of any rights pursuant to this Agreement without are materially wrong, false and incorrect.
4.2.2 Without the prior written consent of Party A; or
(3) , Party B assigns or otherwise transfers or pledges any of its rights under this Agreement, Loan ;
4.2.3 This Agreement and/or the Equity Interest Pledge Agreement becomes become invalid or unenforceable.
4.3 Should a In the event of Party B's breach of contract this Agreement or violation of provisions under Loan Agreement, the Equity Interest Pledge Agreement and and/or the Exclusive Business Operation Agreement occurAgreement, Party A can take the following actions:
(1) request may require Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price interests to Party A or the and/or Designated Persons; and
(2Person(s) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of at the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.Interest Purchase Price.
Appears in 1 contract
Samples: Exclusive Option Agreement (JMU LTD)
Breach of Contract. 4.1 If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the Non-defaulting Party con notify the Defaulting Party in writing, requesting it rectify and correct such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response.
4.2 The occurrence of the following events constitute a breach of contract by Party B:
(1) any violation by Party B of the provisions of this Agreement, or these exists in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference in any manner, or the pledging of any rights pursuant to this Agreement without the prior written consent of Party A; or
(3) this Agreement, Loan Agreement and/or Equity Pledge Agreement becomes invalid or unenforceable.
4.3 Should a breach of contract or violation of provisions under Loan Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring all or part of Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and
(2) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
4.5 Notwithstanding other provisions of this Agreement, the effect of Article 4 will not be affected by the termination of this Agreement.
Appears in 1 contract
Samples: Equity Interest Purchase Agreement (Changyou.com LTD)
Breach of Contract. 4.1 If any breach by any party (“Defaulting Breaching Party”) breaches of any provision provisions of this Agreement, which may Agreement will cause damages damage to the other parties (“Non-defaulting Breaching Party”), the Non-defaulting Breaching Party con notify may give a written notice to the Defaulting Breaching Party, requiring the Breaching Party in writing, requesting it rectify to remedy and correct such a its breach of contractimmediately; if the Defaulting Breaching Party does not fails to take actions which rectify and correct such breach measures satisfactory to the satisfaction of the Non-defaulting Breaching Party to remedy and correct its breach within fifteen (15) days upon from the issuance of date on which the Non-Breaching Party gives the above written notice, the Non-defaulting Breaching Party can may immediately take actions pursuant to any other relief measures in such manners as stipulated in this Agreement or other measures in accordance with laws in responseby legal means.
4.2 The occurrence All of the following events shall constitute a Party B’s breach of contract by Party Bthis Agreement:
(1) any violation by 4.2.1 Party B of the breaches any provisions of this Agreement, or these exists in the representation any representations and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference made by Party B in any manner, or the pledging of any rights pursuant to this Agreement without are materially wrong, false and incorrect.
4.2.2 Without the prior written consent of Party A; or
(3) , Party B assigns or otherwise transfers or pledges any of its rights under this Agreement, Loan ;
4.2.3 This Agreement and/or the Equity Interest Pledge Agreement becomes become invalid or unenforceable.
4.3 Should a In the event of Party B’s breach of contract this Agreement or violation of provisions under Loan Agreement, the Equity Interest Pledge Agreement and and/or the Business Operation Agreement occurAgreement, Party A can take the following actions:
(1) request may require Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the and/or Designated Persons; and
(2Person(s) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of at the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.Interest Purchase Price.
Appears in 1 contract
Samples: Purchase Option Agreement (Fangdd Network Group Ltd.)
Breach of Contract. 4.1 If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the Non-defaulting Party con notify the Defaulting Party in writing, requesting it rectify and correct such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response.
4.2 The occurrence of the following events constitute a breach of contract by Party B:
(1) any violation by Party B of the provisions of this Agreement, or these exists in the representation and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference in any manner, or the pledging of any rights pursuant to this Agreement without the prior written consent of Party A; or
(3) this Agreement, Loan Exclusive Technical Support Services Agreement and/or Equity Pledge Agreement becomes invalid or unenforceable.
4.3 Should a breach of contract or violation of provisions under Loan Exclusive Technical Support Services Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring all or part of Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and
(2) take back loans made under the Loan Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
Appears in 1 contract
Samples: Equity Interest Purchase Agreement (Ionix Technology, Inc.)
Breach of Contract. 4.1 If any breach by any party (“Defaulting Breaching Party”) breaches of any provision provisions of this Agreement, which may Agreement will cause damages damage to the other parties (“Non-defaulting Breaching Party”), the Non-defaulting Breaching Party con notify may give a written notice to the Defaulting Breaching Party, requiring the Breaching Party in writing, requesting it rectify to remedy and correct such a its breach of contractimmediately; if the Defaulting Breaching Party does not fails to take actions which rectify and correct such breach measures satisfactory to the satisfaction of the Non-defaulting Breaching Party to remedy and correct its breach within fifteen (15) days upon from the issuance of date on which the Non-Breaching Party gives the above written notice, the Non-defaulting Breaching Party can may immediately take actions pursuant to any other relief measures in such manners as stipulated in this Agreement or other measures in accordance with laws in responseby legal means.
4.2 The occurrence All of the following events shall constitute a Party B’s breach of contract by Party Bthis Agreement:
(1) any violation by 4.2.1 Party B of the breaches any provisions of this Agreement, or these exists in the representation any representations and warranties hereunder material mistakes, inaccuracies or are otherwise incorrect;
(2) transference made by Party B in any manner, or the pledging of any rights pursuant to this Agreement without are materially wrong, false and incorrect.
4.2.2 Without the prior written consent of Party A; or
(3) , Party B assigns or otherwise transfers or pledges any of its rights under this Agreement, Loan ;
4.2.3 This Agreement and/or Equity the Share Pledge Agreement becomes become invalid or unenforceable.
4.3 Should a In the event of Party B’s breach of contract this Agreement or violation of provisions under Loan Agreement, Equity the Share Pledge Agreement and and/or the Business Operation Agreement occurAgreement, Party A can take the following actions:
(1) request may require Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price Shares to Party A or and/or Designated Person(s) at the Designated Persons; and
(2) take back loans made under the Loan AgreementShare Purchase Price.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
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Samples: Purchase Option Agreement (Fangdd Network Group Ltd.)
Breach of Contract. 4.1 3.1 If any party either Party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties Parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responsethe laws.
4.2 3.2 The occurrence of the following events shall constitute a breach of contract default by Party BB and/or Party C:
(1) any violation by Party B of the provisions and/or Party C breaches any provision of this Agreement, or these exists any statement or warranties made Party B and/or Party C under this Agreement is untrue or is proved inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspects;
(2) transference in Party B and/or Party C assigns or otherwise transfers or pledges any manner, or the pledging of any their/its rights pursuant to this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B and/or Party C that render this Agreement, the Loan Agreement, the Pledge Agreement and/or Equity Pledge the Operations Agreement becomes to be invalid or unenforceable.
4.3 3.3 Should a breach of contract by Party B and/or Party C or violation by Party B and/or Party C of provisions under Loan Agreement, Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) request Party B transferring and Party C to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the Designated PersonsPerson pursuant to this Agreement; and
(2) take back the loans made under the Loan Agreement.
4.4 3.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A thus obtains the relevant proceeds and payments, Party B and/or Party C will be deemed to have fully fulfilled its their obligations under this Agreement and Party A should will not request any other payments from Party B.B and/or Party C.
Appears in 1 contract
Breach of Contract. 4.1 7.1 If any party either Party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages causes damage to other parties Parties (“Non-defaulting Party”), the Non-defaulting Party con could notify the Defaulting Party in writing, requesting writing and request it to rectify and correct such a breach of contract; if the Defaulting Party does not fails to take actions which any action satisfactory to the Non-defaulting Party to rectify and correct such breach to the satisfaction of the Non-defaulting Party within fifteen (15) days upon the issuance of the written noticenotice by the Non-defaulting Party, the Non-defaulting Party can may take the actions pursuant to this Agreement or take other measures remedies in accordance with laws in responsethe laws.
4.2 7.2 The occurrence of the following events shall constitute a breach of contract default by Party B:
(1) any violation by Party B of the provisions breaches any provision of this Agreement, or these exists any representation or warranty made Party B under this Agreement is untrue or proves inaccurate in the representation and warranties hereunder any material mistakes, inaccuracies or are otherwise incorrectaspect;
(2) transference in any manner, Party B assigns or the pledging otherwise transfers or disposes of any of its rights pursuant to under this Agreement without the prior written consent of by Party A; or
(3) Any breaches by Party B which renders this Agreement, Loan Agreement and/or and the Equity Pledge Agreement becomes invalid or unenforceable.
4.3 7.3 Should a breach of contract by Party B or violation by Party B of provisions under Loan Agreement, the Equity Pledge Agreement and Business Operation Agreement occur, Party A can take the following actions:
(1) may request Party B transferring to immediately transfer all or any part of the Purchased Equity Interests at Purchase Price to Party A or the Designated Persons; and
(2) take back loans made under the Loan Person pursuant to this Agreement.
4.4 Once Party A realizes the pledge pursuant to Article 9 of the Equity Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B.
Appears in 1 contract
Samples: Exclusive Purchase Option Agreement (Future FinTech Group Inc.)