Common use of Default Liabilities Clause in Contracts

Default Liabilities. 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, in addition to other relevant rights available hereunder, 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, the Non-breaching Parties may request the Breaching Party to pay liquidated damages.

Appears in 20 contracts

Samples: Equity Pledge Agreement (X Financial), Equity Pledge Agreement (X Financial), Equity Pledge Agreement (X Financial)

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Default Liabilities. 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, in addition to other relevant rights available hereunder, 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, the Non-breaching Parties may request the Breaching Party to pay liquidated damages.

Appears in 9 contracts

Samples: Equity Pledge Agreement (X Financial), Equity Pledge Agreement (X Financial), Equity Pledge Agreement (X Financial)

Default Liabilities. 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, in addition to other relevant rights available hereunder, 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, the Non-breaching Parties may request the Breaching Party to pay liquidated damages.

Appears in 7 contracts

Samples: Exclusive Call Option Agreement (X Financial), Exclusive Call Option Agreement (X Financial), Exclusive Call Option Agreement (X Financial)

Default Liabilities. 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 the non-breaching Parties Party (“Non-breaching PartiesParty”) may, in addition to other relevant rights available hereunder, 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, the Non-breaching Parties Party may request the Breaching Party to pay liquidated damages.

Appears in 6 contracts

Samples: Exclusive Business Cooperation Agreement (X Financial), Exclusive Business Cooperation Agreement (X Financial), Exclusive Business Cooperation Agreement (X Financial)

Default Liabilities. 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 the non-breaching Parties Party ("Non-breaching Parties”Party") may, in addition to other relevant rights available hereunder, 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, the Non-breaching Parties Party may request the Breaching Party to pay liquidated damages.

Appears in 3 contracts

Samples: Exclusive Business Cooperation Agreement (X Financial), Exclusive Business Cooperation Agreement (X Financial), Exclusive Business Cooperation Agreement (X Financial)

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Default Liabilities. 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, in addition to other relevant rights available hereunder, 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, the Non-breaching Parties may request the Breaching Party to pay liquidated damages.

Appears in 2 contracts

Samples: Exclusive Call Option Agreement (X Financial), Exclusive Call Option Agreement (X Financial)

Default Liabilities. 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 performing any obligation hereunder, it shall constitute a default hereunder (“Default”), and any of other non-breaching Parties (“Non-breaching Parties”) may, in addition to other relevant rights available hereunder, may request the Breaching Party to make correction rectification or take remedy within a reasonable time limit. Should the Breaching Party still fail to make correction rectification or take remedy within such reasonable time limit or ten thirty (1030) days after the other Party notifies the Breaching Party in writing and requests for correctionrectification, the Non-breaching Parties may request the Breaching Party to pay liquidated damages.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Futu Holdings LTD)

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