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. 7.2 The total indemnification made by each Party pursuant to Article 7.1 hereof shall not exceed 100% of the Transfer Price.
Appears in 8 contracts
Samples: Equity Interest Transfer Agreement, Equity Interest Transfer Agreement (Chipmos Technologies Inc), Equity Interest Transfer Agreement (Chipmos Technologies Inc)
