Breach Penalty. 6.3. In the event of the Mrs Charity breaching any of the terms and/or conditions aforementioned in this Agreement, the Mrs Charity shall be liable to pay unto Mrs SA the amount as set out herein below as a penalty for such breach/breaches. The amount is linked to the inflation rate of South Africa which is based upon the consumer price index (CPI) and will as such increase with the effluxion of time.
Breach Penalty. When either party fails to fulfill any part or all of the obligations as stipulated in this contract, that is, in the event of breach of the contract, the said party shall pay a breach penalty of US$ 800 to 3000 or equivalent to 3 to 10 times Party B’s monthly salary in RMB. If both parties consider it necessary to determine an exact sum of the breach penalty, or to determine a breach penalty higher or lower than the above-mentioned amount, it shall be explicated in the appendix of this contract. When Party B claims to cancel this contract due to force majeure, it shall produce certifying documents issued by competent authorities; after the contract is cancelled with Party A’s consent, Party B shall bear the traveling expenses thus incurred; and when Party B fails to provide any valid reason to cancel this contract, it shall bear the traveling expenses thus incurred and pay the breach penalty to Party A as stipulated in this contract. When Party A claims to cancel this contract due to force majeure, and the contract is thus cancelled with Party B consent, it shall bear Party B’s traveling expenses thus incurred; and when Party A fails to provide any valid reason to cancel this contract, it shall bear the traveling expenses thus incurred to Party B and pay the breach penalty to Party B as stipulated in this contract.
Breach Penalty. After the agreement is signed, except due to force majeure or term VII, either party cannot terminate the agreement within three years. If one party breaches it, it should pay $14,286 (RMB 100,000) to the other party as penalty. After three years, if either party wants to terminate the agreement, it should give the notification half a year in advance and compensate the other with $14,286 (RMB 100,000).
Breach Penalty. (1) Failure by one Party to perform the obligation under this contract constitutes breach. The defaulting Party is liable to sustain the losses of the other party.
Breach Penalty. 1. If Seller breaches any provision regarding the Principal Construction Materials and Their Brands and Specifications, or the Deadlines for Commencement of Construction and Obtaining the Use Permit, herein, Buyer may rescind this Agreement.
Breach Penalty. 6.1 THE LESSOR can terminate the contract and not reimburse the balance if THE LESSEE fails to fulfill the contact after the contract comes into force.
Breach Penalty i. The Borrower agrees that should the Borrower fail to comply with any undertakings and agreements herein, they shall be subject to a breach of the value of the breached obligation. To avoid doubt, the breach penalization provided in this Clause 11.1 shall not apply in the case where the Borrower fails to pay in time the principal and/or interest resulting in their having to pay the default principal interest and the interest default interest prescribed in Clause 5.
