Common use of Liabilities for Breach of Agreement Clause in Contracts

Liabilities for Breach of Agreement. 4.1 If the Lessor violates its undertakings in Article 3.1.2 under this Agreement and causes any losses to the Lessee arising from disputes between any third party and the Lessee, the Lessor shall be liable for all expenses and direct losses incurred by the Lessee for settling such disputes. 4.2 If the Lessee fails to credit the Leasing Fees to the account designated by the Lessor in time and in full amount according to Article 2 hereunder, a penalty of 0.01% of the outstanding amount shall be charged to the Lessee for every week so delayed. If the payment is delayed for less than one week, it shall be deemed as one week. 4.3 Except for the circumstances stated above, if any Party violates its obligations hereunder and causes any losses to the other Party, the violating Party shall take the full responsibility for compensating the other Party. If any Party incurred any losses due to its own violations, it shall bear such losses by itself.

Liabilities for Breach of Agreement. 4.1 If the Lessor violates its undertakings in Article 3.1.2 under this Agreement and causes any losses to the Lessee arising from disputes between any third party and the Lessee, the Lessor shall be liable for all expenses and direct losses incurred by the Lessee for settling such disputesdisputes and all direct losses incurred by the Lessee. 4.2 If the Lessee fails to credit the Leasing Fees to the account designated by the Lessor Party A (Party B) in time and in full amount according to Article 2 hereunder, a penalty of 0.01% of the outstanding amount shall be charged to the Lessee for every week so delayed. If the payment is delayed for less than one week, it shall be deemed as one week. 4.3 Except for the circumstances stated above, if any Party party violates its obligations hereunder and causes any losses to the other Partyparty, the violating Party party shall take the full responsibility for compensating the other Partyparty. If any Party party incurred any losses due to its own violations, it shall bear such losses by itself.

Liabilities for Breach of Agreement. 4.1 If the Lessor violates its undertakings in Article 3.1.2 under this Agreement and causes any losses to the Lessee arising from disputes between any third party and the Lessee, the Lessor shall be liable for all expenses and direct losses incurred by the Lessee for settling such disputes. 4.2 If the Lessee fails to credit the Leasing Fees to the account designated by the Lessor in time and in full amount according to Article 2 hereunder, a penalty of 0.01% of the outstanding amount shall be charged to the Lessee for every week so delayed. If the payment is delayed for less than one week, it shall be deemed as one week. 4.3 Except for the circumstances stated above, if any Party party violates its obligations hereunder and causes any losses to the other Partyparty, the violating Party party shall take the full responsibility for compensating the other Partyparty. If any Party party incurred any losses due to its own violations, it shall bear such losses by itself.