Common use of Default Liabilities and Indemnity Clause in Contracts

Default Liabilities and Indemnity. 8.1. The Parties agree and confirm that if any Party hereto (“Breaching Party”) materially breaches any provision hereof, or materially fails to perform or delays in perform any obligation hereunder, it shall constitute a default hereunder (“Default”), and any of other non-breaching Parties (“Non-breaching Parties”) may request the Breaching Party to make correction or take remedy within a reasonable time limit. Should the Breaching Party still fail to make correction or take remedy within such reasonable time limit or ten (10) days after the other Party notifies the Breaching Party in writing and requests for correction, then:

Appears in 6 contracts

Samples: Shareholders’ Voting Rights Proxy Agreement (X Financial), Shareholders’ Voting Rights Proxy Agreement (X Financial), Shareholders’ Voting Rights Proxy Agreement (X Financial)

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