Common use of Default Liabilities Clause in Contracts

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 6 contracts

Samples: Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group)

AutoNDA by SimpleDocs

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he she will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1%oo until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1%oo until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he or she will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1% until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he or she will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1‱ until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Tencent Music Entertainment Group), Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 12.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 12.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 12.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1‱ until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1‱ until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tencent Music Entertainment Group)

AutoNDA by SimpleDocs

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 100⁄000 until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1â0⁄000 until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tencent Music Entertainment Group)

Default Liabilities. 4.1 In the event that the Borrower materially breaches any provision under this Agreement, the Lender is entitled to terminate this Agreement and claim damages from the Borrower; this Section 4.1 shall not preclude any other rights entitled to the Lender as provided under this Agreement. 4.2 The Borrower may not terminate or cancel this Agreement in any event unless otherwise provided under the laws. 4.3 If the Borrower fails to repay the Loan pursuant to the terms under this Agreement, he it will be liable for a penalty interest accrued upon the amount due and payable at a daily interest rate of 10⁄000 1%oo until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tencent Music Entertainment Group)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!