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. 2. If Party B fails to make settlements with Party A within the time limit as set forth herein, Party B shall pay an overdue fine to Party A, calculated at the bank loan rate for such overdue period. The calculation shall be made according to the amount of the late payment and related period.
Appears in 8 contracts
Samples: Strategic Partnership and Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Strategic Partnership and Franchise Agreement (Ninetowns Internet Technology Group Co LTD)
Breaching Liability. 1. If both parties the Parties cannot continue the performance of this Agreement due to either partyany Party’s breach, the breaching party shall pay the other party Party liquidated damages equal to 10% of all amounts payable during the performance of this Agreement.
2. If Party B C fails to make settlements with Party A within the time limit as set forth herein, Party B C shall pay an overdue fine to Party A, calculated at the bank loan rate for such overdue period. The calculation shall be made according to the amount of the late payment and related period.
Appears in 2 contracts
Samples: Strategic Partnership and Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Strategic Partnership and Franchise Agreement (Ninetowns Internet Technology Group Co LTD)
