Common use of Event of Breach Clause in Contracts

Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 Pledgor or Party C has committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers or purports to transfer or abandons the Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding the Pledgor to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 13 contracts

Samples: Equity Interest Pledge Agreement (500.com LTD), Equity Interest Pledge Agreement (500.com LTD), Equity Interest Pledge Agreement (500.com LTD)

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Event of Breach. 7.1 The following circumstances shall be deemed an Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 Pledgor or Party C has committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers or purports to transfer or abandons the Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding the Pledgor to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 8 contracts

Samples: Equity Interest Pledge Agreement (500.com LTD), Equity Interest Pledge Agreement (500.com LTD), Equity Interest Pledge Agreement (500.com LTD)

Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 Pledgor Pledgors or Party C has have committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers Pledgors transfer or purports purport to transfer or abandons abandon the Equity Interest pledged or assigns assign the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor Pledgors shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s 's satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor Pledgors requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor Pledgors in writing at any time thereafter, demanding the Pledgor Pledgors to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (MDJM LTD)

Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 Pledgor or Party C has committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers or purports to transfer or abandons the Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s 's satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding the Pledgor to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (500.com LTD)

Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 Pledgor Pledgors or Party C has have committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers Pledgors transfer or purports purport to transfer or abandons abandon the Equity Interest pledged or assigns assign the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor Pledgors shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor Pledgors requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor Pledgors in writing at any time thereafter, demanding the Pledgor Pledgors to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Kepuni Holdings Inc.)

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Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 Pledgor Pledgors or Party C has have committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers Pledgors transfer or purports purport to transfer or abandons abandon the Equity Interest pledged or assigns assign the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor Xxxxxxxx shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor Pledgors requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor Pledgors in writing at any time thereafter, demanding the Pledgor Pledgors to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Kepuni Holdings Inc.)

Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C thereunder; 7.1.2 The Pledgor s or Party C has have committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers or purports to transfer or abandons the Pledgors abandon the Equity Interest pledged or assigns assign or purport to assign the Equity Interest pledged without the written consent of the Pledgee; and 7.1.4 The successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor the Pledgors shall immediately notify the Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully success fully resolved to the Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor Pledgors requesting ratification of such Event of Default, the Pledgee may issue a Notice of Default to Pledgor the Pledgors in writing at any time thereafter, demanding the Pledgor Pledgors to immediately dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Yi Po International Holdings LTD)

Event of Breach. 7.1 The following circumstances shall be deemed Event of Default: 7.1.1 Party C GSN fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement or breaches any other obligations of Party C GSN thereunder; 7.1.2 Pledgor Pledgors or Party C GSN has committed a material breach of any provisions of this Agreement; 7.1.3 Except as expressly stipulated in Section 6.1.1, Pledgor transfers Pledgors transfer or purports purport to transfer or abandons the Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; and 7.1.4 The successor or custodian of Party C GSN is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement. 7.2 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor Pledgors shall immediately notify Pledgee in writing accordingly. 7.3 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor Pledgors requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor Pledgors in writing at any time thereafter, demanding the Pledgor Pledgors to immediately dispose of the Pledge in accordance with the provisions of Article Section 8 of this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Greenpro Capital Corp.)

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