Defaulting Liabilities. If a Party fails to perform its obligation hereunder or breaches any of the representations, warranties or undertakings made herein, such failure or breach shall constitute a default. The non-defaulting Party shall be entitled to give a written notice in respect of any such default, requiring the defaulting Party to remedy the same. The defaulting Party shall be liable for the losses incurred by the non-defaulting Party as a result of any default by the defaulting Party.
Appears in 6 contracts
Samples: Exclusive Call Option Agreement, Equity Transfer Agreement (Youku Tudou Inc.), Equity Transfer Agreement (Tudou Holdings LTD)
