Liabilities of Breach of Contract. Guarantor shall compensate Warrantee any loss suffered from Shandong Xiangrui Pharmacy Co., Ltd.’s breach of contract.
Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ’s breach of contract etc.
Liabilities of Breach of Contract. 1: If Party A I, Party A II or Party B breach the contract, terminate the contract or unfulfil the contract terms, Party A I, Party A II or Party B should return the full acquisition consideration received to Party C. Besides Party A I, Party A II or Party B should pay Party C the penalties at the amount of 1 million USD dollars.
2: If Party C breaches the contract, terminates the contract or unfulfils the contract terms, Party C should pay Party A I, Party A II and Party B the penalties at the amount of 1 million USD dollars.
Liabilities of Breach of Contract. 20.1 Any party who has failed to contribute the registered capital in accordance with the provisions of Article 5 of this contract shall be liable to pay penalty charges equal to 1% per month of the registered capital payable to the other party starting from 3 months after the submission date. The other party shall have the right to terminate this contract and claim for damage from the breaching party, in addition to the accumulated penalty charges equal to 3% of the registered capital payable, if capital contribution has been overdue for 6 months.
20.2 If any party does not perform or seriously default under this contract or the Joint Venture's Articles which cause the Joint Venture to cease operation, unable to achieve the targets stated in this contract, bankruptcy or liquidation, the defaulting party shall be treated as default and terminate this contract on his own. The other party shall have the right to issue an "Effective Notice" to termination this contract before the original approved duration, entitled to apply to the original approval authority for termination of this contract and claim for compensation from the default party. The defaulting party shall compensate for damages suffered by the Joint Venture, if both parties agree to continue the Joint Venture. If this contract was breach by one party and cause this contacts or its appendix cannot be partly or wholly be performed, the defaulting party shall bear all the responsibilities.
Liabilities of Breach of Contract. Liabilities of Party A for breach of this tenancy contract:
1. Fail to deliver possession of the leased property to the lessee as scheduled in contract.
2. Fail to provide the relevant equipment to lessee as scheduled in contract. Liabilities of Party B for breach of this tenancy contract:
1. To be responsible for the necessary repair or compensation for damage to the leased property due to the improper use or maintenance by the lessee.
2. To be responsible for the compensation of all losses arising from the unauthorized alterations of the leased property and equipment.
3. Fail to return the leased property according to schedule after terminating the contract. Apart from the rent payable, the lessee shall pay the contractual penalty. Penalty for every day of delay is 0.1% of the monthly rent with a maximum delay of 30 days.
4. Fail to pay the rent and expenses as scheduled. Unless paid on or before the due date, penalty shall be calculated according to the total outstanding amount owed by the lessee, with 0.1% of the total overdue amount per day as the overdue penalty. Calculating method: Total amount of the overdue penalty = total amount of rent and expense per month x No. of days overdue x 0.1% Party A has the right to take the following actions if the Party B has breached the contract according to the situation:
1. Impose a fine of two month's rent and expense as the penalty for breach of contract;
2. Order the lessee to move out and surrender the factory;
3. If Party B fails to pay the rent and expense for 2 months, Party A is entitled to take legal action against Party B and claims back the entire unpaid fees.
Liabilities of Breach of Contract. Penalty interest for embezzlement of 20% of the loan per day shall be imposed on the Company in case of the Company ’s breach of contract etc.
Liabilities of Breach of Contract in the event that the Assignor breaches its confirmations and warranties under this Agreement fails to complete formalities of registration with the Administrative Agencies of such assignment of the said Intangible Assets, thus causes damages to the Assignee, the Assignor shall be liable for the breach and compensate all the losses of Assignee (including potential losses).
Liabilities of Breach of Contract. Damages; withdrawal of loan, prepayment of principal and interest before maturity; imposition of compound interest.
Liabilities of Breach of Contract. 1. Party A and Party B shall obey this agreement and its attachment. If one defaults, it shall be liable for the breach of contact.
2. If a lending contract of the creditor’s rights project is void due to the fact that Party B provides untrue information, Party B shall indemnify Party A’s loss according to the agreement, an also shall pay a fine at the amount of 30% of the loan amount involved.
3. If Party B fails to conduct due diligence on borrower’s situations, and such failure leads to investors’ (rights assignees) or Party A’s loss, Party B shall indemnify Party A’s loss, and Party B shall pay Party a fine at the amount of 10% of the loan amount involved.
4. If Party A or Party B breaches the confidentiality, the breach party shall pay the other party one million RMB as a fine and indemnify the other party’s loss. The other party will gain the right to terminate the agreement.
5. If Party B breaches the contract in other aspects and cause loss to Party A, Party B shall indemnify the loss and pay Party A one million RMB as a fine.
6. Party A shall compensate for the loss caused to Party B resulted from the violation of Party A and pay for RMB 1 million yuan as liquidated damages.
7. The loss referred in this agreement includes but not limited to service expenses of creditor’s rights items, principle and interest, liquidated damages and counsel fee, travel fee, evaluation fee, auction fee, lawsuit fees and others produced by the claim.
Liabilities of Breach of Contract. (1) Default liability of the Borrower
(i) If the Borrower fails to repay the principal of the loan as per the schedule and fail to cause the loan to be extended, the Borrower shall pay interests at a daily rate of 12 ten-thousandths calculated from the day of delay of repayment of the principal of the loan (In the case that the legal interest rate is adjusted, the interests thereon shall be calculated as per different stages);
(ii) If the Borrower fails to pay the interests of the loan on schedule as set forth in this Contract, additional interests will be collected on any amount of such delayed interests at the rate set forth in this Contract;
(iii) If the Borrower doest not employ the loan for the purpose as agreed in this Contract, additional interests will be collected by the Lender on the amount of the loan misappropriated or diverted, at the rate of 12 ten-thousandths on daily basis during the misappropriation or diversion of the loan (In the case that the legal interest rate is adjusted, the interests thereon shall be calculated as per different stages);
(iv) If the Borrower violates any provision under this Contract, the Lender shall have the right to terminate the grant of any amount of the loan which has not yet granted and collect the principal and any interest accrued but not matured thereon.
