Liability for Breach of the Agreement. 6.1 If one party fails to perform any of its obligations or violates any statements, representations, warranties or commitments under this agreement, that party shall be deemed in breach of this agreement. If any party suffers any loss due to the breach of this agreement, the breaching party shall compensate for such losses and take corresponding measures to protect the performing party from any further damage.
Liability for Breach of the Agreement. 8.1 After execution of this Agreement, in the event any statements and guarantees made by either Party (hereinafter referred to as the “Defaulting Party”) prove to be untrue, false, incomplete, or misleading, or if there is a failure in fulfilling the agreed-upon obligations, the Defaulting Party is obligated to compensate the other Party for all tangible losses incurred due to this breach. If the breach is attributable to reasons attributable to the other Party, the Defaulting Party shall not be liable for the breach.
Liability for Breach of the Agreement. 8.1 This Agreement is a clear expression of the true will of all Parties. During the performance of this Agreement, if any Party fails to strictly implement or fulfill the corresponding responsibilities and obligations in accordance with this Agreement, such Party will be deemed to have breached the Agreement, and shall bear the corresponding liability for the breach. In addition to compensating the observant Party for its actual losses, the defaulting Party shall also bear all expenses paid by the observant Party to obtain such compensation, including but not limited to legal fees, attorney fees, and travel expenses. If any other third party suffers any losses and disputes due to any Party's violation of this Agreement, and the result of the settlement of such disputes finally leads to the observant Party taking any responsibilities, the breaching Party shall fully compensate the observant Party for the losses thus incurred.
Liability for Breach of the Agreement. 9.1 In the event that there is any substantial omission, inaccuracy or misrepresentation in the documents or data submitted by the Transferor, the Agreement may be terminated by the Transferee. The Transferor shall take the liabilities of breaching and indemnify the Transferee for the damages for the breach thereof.
Liability for Breach of the Agreement. 6.1 If the Shareholders or the Target Company (hereinafter referred to as “Breaching Party”) materially breach(s) any terms of the Agreement or fail(s) or delay(s) to perform any obligation under the Agreement, it will constitute a Breach under the Agreement (hereinafter referred to as a “Breach”), Baina Zhiyuan (Beijing) has the right to ask the Breaching Party to make corrections or take remedial measures within reasonable time. If the Breaching Party fails to make corrections or take remedial measures within reasonable time or within 10 days after Baina Zhiyuan (Beijing) notifies the Breaching Party in writing and asks for correction, then Baina Zhiyuan (Beijing) has the right to terminate the Agreement and ask for damages from the Breaching Party;
Liability for Breach of the Agreement. 6.1 Any breach by either party of its obligations under the Agreement shall constitute a breach of the Agreement. The breaching party shall immediately cease such breach upon receipt of a written notice from the non-breaching party on correction of such breach, and shall be liable for all economic losses caused to the non-breaching party by its breach.
Liability for Breach of the Agreement. 8.1 The Parties agree and confirm that, if any Party (the “Defaulting Party”) breaches substantially any of the provisions herein or fails substantially to perform any of the obligations hereunder, such breach or failure shall constitute a default under this Agreement (the “Default”), which shall entitle the non- defaulting Party to request the Defaulting Party to rectify such Default or take remedial measures with a reasonable period of time. If within the reasonable period, or fifteen (15) days of the relevant non-defaulting Party’s request for rectification, the Defaulting Party fails to rectify such Default or take remedial measures, the relevant non-defaulting Party shall be entitled to decide, at its sole discretion: (1) to terminate this Agreement and require the Defaulting Party to indemnify all the damage; or (2) to require specific performance by the Defaulting Party of its obligations hereunder as well as to require the Defaulting Party to indemnify all the damage.
Liability for Breach of the Agreement. 9.1 If Party A does not provide the technical materials and guidance on tests, trial, and production to Party B in accordance with the time, quantity, quality provisions stipulated hereinabove, Party A shall pay Party B penalty equal to the sum of 5% of technology transfer fee.
Liability for Breach of the Agreement. If Party B’s failure to pay off the full transfer price within the time agreed in this Agreement, this Agreement is automatically terminated on the due date of the payment. Party A shall still remain the ownership over the recycling economy power generation systems and related assets, and both parties shall continue to perform their respective rights and obligations according to the “Cooperative Agreement for Recycling Economy Project” and assume the corresponding liabilities for breach of the original Cooperative Agreement.
Liability for Breach of the Agreement. Where any party hereto should breach the Agreement and cause losses to other parties, the defaulting party shall compensate other parties for such losses.
