Liabilities for Default. Events of Default Events of Default by Party A
Liabilities for Default. 7.1 In the event of default, the violating Party shall indemnify all losses of the other Party occurring as a result of such default. All the claims regarding the indemnification in this Article 7 shall be proposed no later than twelve (12) months after the Closing Date, or the other Party may not require the violating Party to be responsible for the liabilities for default.
Liabilities for Default. 8.1. Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable for compensation of all losses of other parties or pay liquidated damages according to the agreement separately signed by the relevant parties.
Liabilities for Default. The parties hereto agree and acknowledge that if either party hereto (“Defaulting Party”) materially violates any provision of this Agreement or materially fails to perform or delays in performing any of its obligations hereunder, the Defaulting Party shall be deemed to have committed a default hereunder (“Default”), and the party hereto that does not violates this Agreement (“Non-defaulting Party”) shall have the right to request the Defaulting Party to correct the Default or take remedial measures within the reasonable period in addition to other relevant rights hereunder it may have. If the Defaulting Party still fails to correct the Default or take remedial measures within the reasonable period or within ten (10) days after the Non-defaulting Party notifies in writing the Defaulting Party of the Default, requesting the Defaulting Party to correct the Default, the Non-defaulting Party shall have the right to demand damages from the Defaulting party.
Liabilities for Default. Within the duration hereof, any defaulting parties shall be deemed as violating this Agreement in case the aforesaid parties violate any stipulations, regulation, or provisions hereunder. And the default party shall indemnify the other party for the loss incurred by the default.
Liabilities for Default. 1. Party A fails to provide true, complete and valid financial information, or information relating to its production and operation or other relevant documents as required by Party B.
Liabilities for Default. 17.2.1 In the event of default, if the Company or a Party suffers any costs, liabilities or losses (including loss of profits of Company, but excluding any indirect damage of whatsoever nature of Company or any Party), the defaulting Party shall indemnify and hold harmless the Company and the non-defaulting Party from and against such costs, liabilities or losses (including loss of interest and reasonable attorneys’ fees).
Liabilities for Default. Section 31. The transferee shall pay the compensation for land use right transfer in such amount and on such date as specified herein. If the transferee fails to do so, the transferee shall pay the transferor liquidated damages in an amount of 0.3‰ of the outstanding amount for each day of delay, provided that if delay in payment exceeds six months the transferor will have the right to terminate this contract, reclaim the land lot transferred hereunder and demand compensation for loss from the transferee caused by such breach of contract, in addition to the right to retain the deposit for security paid by the transferee.
Liabilities for Default. 1. If Party A fails to act according to the aforementioned contract clauses to deliver to Party B the leased property that meets the requirements, then, Party A should compensate Party B therefor.
Liabilities for Default. 8.1 Any non-performance of any obligations hereunder or any performance not up to the requirements hereunder by any Party shall be deemed a default and such Party shall stop such breach, be liable for default, and continue to perform its obligations, take remedial measures, or indemnify losses.
