Common use of Liability for Default Clause in Contracts

Liability for Default. 9.1. The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision hereunder, or substantially fails to perform or substantially delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (“Default”) and that in such event, any of the non-defaulting Parties (“Non-Defaulting Party”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures within such reasonable time or within ten (10) days after the Non-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then:

Appears in 4 contracts

Samples: Voting Rights Proxy Agreement (Baozun Inc.), www.sec.gov, Proxy Agreement (Alibaba Group Holding LTD)

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Liability for Default. 9.1. 9.1 The Parties agree and acknowledge that if any Party (the “Defaulting Party”) substantially materially breaches any provision hereunderhereof, or substantially materially fails to perform or substantially delays in performing any obligations obligation hereunder, such breach, failure or delay shall constitute a default hereunder (the “Default”) and that in such event, any of the non-defaulting Parties (the “Non-Defaulting Party”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable period of time. If the Defaulting Party fails to cure such Default or take remedial measures within such reasonable period of time or within ten (10) days after upon receipt of the written notice from the Non-Defaulting Party notifies the Defaulting Party in writing and requests requesting it to cure such Default, then:

Appears in 4 contracts

Samples: Shareholders’ Voting Rights Proxy Agreement (BEST Inc.), Shareholders’ Voting Rights Proxy Agreement (BEST Inc.), Shareholders’ Voting Rights Proxy Agreement (BEST Inc.)

Liability for Default. 9.1. 9.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision hereunder, or substantially fails to perform or substantially delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (“Default”) and that in such event, any of the non-defaulting Parties (“Non-Defaulting Party”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures within such reasonable time or within ten (10) days after the Non-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then:

Appears in 2 contracts

Samples: Voting Rights Proxy Agreement, Voting Rights Proxy Agreement (Alibaba Group Holding LTD)

Liability for Default. 9.1. 11.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision hereunder, or substantially fails to perform or substantially delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (“Default”) and that in such event, any of the non-defaulting Parties (“Non-Defaulting Partydefaulting Parties”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures within such reasonable time or within ten (10) days after the Nonnon-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then:

Appears in 1 contract

Samples: Exclusive Call Option Agreement (Alibaba Group Holding LTD)

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Liability for Default. 9.111.1. The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision hereunder, or substantially fails to perform or substantially delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (“Default”) and that in such event, any of the non-defaulting Parties (“Non-Defaulting Party”) Party shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures within such reasonable time or within ten (10) days after the Nonnon-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, thenthe non-defaulting Party may elect, in its discretion, to do the following:

Appears in 1 contract

Samples: Exclusive Call Option Agreement (Alibaba Group Holding LTD)

Liability for Default. 9.111.1. The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision hereunder, or substantially fails to perform or substantially delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (“Default”) and that in such event, any of the non-defaulting Parties (“Non-Defaulting Party”) Party shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures within such reasonable time or within ten (10) days after the Nonnon-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it remedies, the non-defaulting Party may, in its discretion, elect to cure such Default, thentake the following action:

Appears in 1 contract

Samples: Exclusive Call Option Agreement (Baozun Inc.)

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