Breaching Liability. 1. If both parties cannot continue the performance of this Agreement due to either party’s breach, the breaching party shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this Agreement.
Breaching Liability. 8.1 Either of the parties shall perform its obligations hereunder after this Contract becomes effective. Any party who fails to perform its obligations hereunder in part or whole shall bear breaching liabilities pursuant to applicable laws.
Breaching Liability. 1. The Parties hereto shall act in strict accordance with this Contract. In case of any breach of this Contract by either Party, the defaulting Party shall assume corresponding legal and financial responsibilities. In case of any breach of this Contract or any failure to continue the performance of this Contract due to force majeure events (natural disasters such as war, earthquake, etc.) during the duration of this Contract, neither Party shall be held liable.
Breaching Liability. Any disputes between the parties under this Agreement shall be resolved through amicable negotiations in good faith. In the event that the disputes can not resolved through negotiation, either party shall have the right to submit the dispute to local courts where this Agreement was entered.
Breaching Liability. Failure to make a timely payment shall be considered as Party A’s breach. Failure to supply the recycled sand-gavel shall be considered as Party B’s breach. The parties shall negotiate about the breaching liability.
Breaching Liability. 1. Any party who contravenes any of the terms of this Agreement, fails to perform its obligations or fails to comply with the terms of this Agreement shall be deemed to have violated its obligations under this Agreement. The observing party may, by serving a written notice to that effect, require the breaching party to correct its breach within three days upon receipt of such written notice. If the breach has not been rectified within prescribed time limit or cannot be rectified, the non-breaching party may immediately terminate this Agreement and require the breaching party to be liable for all the losses so caused.
Breaching Liability. The provisions of Article 7 (“Breach of Contract”) of the Loan Contracts shall apply to this commitment letter mutatis mutandis. However, any reference to the “Loan Agreements” or “this Agreement” shall be reference to “this commitment letter”, and any reference to “Borrowers” shall be reference to “Party B”.
Breaching Liability. 7.1 If Party A fails to lease the land to Party B on the stipulated date and completely move all the equipments and attaching facilities, which may influence the prophase project of Party B, Party A shall pay compensations to Party B for each delayed day according to the current banking loan interest rate, and the compensations for more than 30 delayed days shall be doubled.
Breaching Liability. Any violation of any representation, warranty, covenant or obligation under this Agreement shall constitute a breach of this Agreement. The breaching party shall compensate all losses suffered by the other party resulting from such breach.
Breaching Liability. 11.1 Where either party fails to perform or materially breaches any provision of this Agreement, the breaching party shall indemnify the non-breaching party against all its economic losses. Except as otherwise provided for herein, the non-breaching party shall also be entitled to terminate this Agreement and claim all its economic losses incurred as a result thereof against the breaching party;
