Liabilities of Breach. Each party shall incur liability to the other party and the Company for all direct or indirect damages and losses that arise from its breach of its obligations under this Agreement.
Liabilities of Breach. 1. If Party A violates the stipulations of this contract, so that this contract is terminated and Party B is damaged, Party B's losses shall be compensated by Party A.
2. If Party B violates the stipulations of this contract, so that this contract is terminated and Party A is damaged, Party B shall be responsible for the compensation legally.
Liabilities of Breach. 8.1 Either Party shall assume the losses resulted from his failure to perform all or part of the obligations hereunder. The damages that shall be compensated by the breaching Party shall equal the actual losses incurred by the other Party due to such breach, but such damages shall not exceed the scope foreseeable by the breaching Party when entering into this Agreement. If this breach is caused by the mutual fault of both Parties, both Parties shall assume the liabilities according to their respective fault.
8.2 Each Party shall ensure that the representations and warranties he made when entering into this Agreement and the information or representations that he currently provides or provided in the past are all true and accurate in all material aspects and continue to be so until the date this Agreement is signed.
Liabilities of Breach. (1) Upon the occurrence of one or several conditions in the above items, the Creditor may appropriately take following one or several measures:
i. Request the Borrower to rectify within the period designated.
ii. Cease to issue loan, reclaim part of or all loans or terminate the Agreement.
iii. Declare the loan is due under other loan agreements between the Creditor and the Borrower, request the Borrower to repay the loan principals, interests, and other expenses.
iv. Claim penalty interest and collect compound interest for overdue loan and/or misappropriation of loan.
v. Deduct all the liabilities hereunder from the accounts opened with any branch of Shanghai Pudong Development Bank.
vi. Request the borrower to supplement conditions for loan drawdown and payment, or amend the loan payment method.
vii. Request the Borrower to provide other guaranties approved by the Creditor.
viii. Other necessary measures prescribed by law.
(2) In addition to the above measures, the Creditor may ask the Borrower to assume liabilities for breach, and request the Borrower to pay penalties for the breach (See calculation method in the first part of this Agreement). If penalties for the breach are insufficient to cover losses suffered by the Creditor, the Borrower should compensate the creditor for the entire loss suffered thereby.
(3) Should the Borrower fail to repay the principal and interest under the Agreement on time, it should also bear all the fees that creditor paid for the realization of the claim and warranties, including but not limited to collection fees, litigation costs, notary fees, legal fees, travel expenses, translation costs and various other fees payable.
Liabilities of Breach. Shall the Buyer delay in payment, the Buyer shall pay to the Seller a default penalty of 0.05% of unpaid amount per day.
Liabilities of Breach. 1. If one party is default or breaches any terms of this Agreement, the breaching party shall compensate the other party for all its economic loss. Unless otherwise specified, the obeying party also has the right to request terminating the Agreement and claim any damage from the breaching party.
2. If party B would not pay the consideration within the timeline specified in the Article II of this Agreement, it shall pay the penalty of 1 ‰ of delayed payment for each delayed day. After the payment of penalty, if the breaching causes more loss than penalty, or causes other damages, Party A still has the rights to ask for more compensation for the part which the loss is over the penalty or for the part of other damages.
Liabilities of Breach. In the event of delayed performance after the execution of this Agreement, the delaying Party shall pay to the non-delaying Party a daily damage, in the amount of 0.5% of the total value unperformed.
Liabilities of Breach. In case of arrears of licence fee, a sum of RMB10,000 shall be payable to Party A as compensation for each day of delay; if the delay shall exceed 30 days after Party A has notified Party B in writing of the delay, Party A shall have the right to terminate this Agreement. It shall not be considered a delay on the part of Party B if any delay in crediting the Licence Fee to Party A's account is caused by Party A's bank or financial institution or by an act of government.
Liabilities of Breach. Party B shall be liable for the losses suffered by Party A if Party B not only fails to repay the loan principal and interest but also prevents Party A from deducting the dividend due to Party B as per the Articles of Association of Party A.
Liabilities of Breach. In case Party B breaches the term provided above, Party A shall warn Party B in writing twice. If no improvement is made within two months, Party A hereby shall revoke the distribution right and recover the payment.
