Common use of Liability for Default Clause in Contracts

Liability for Default. 9.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable in full for compensation of other Party’s actual economic losses; this Article 9 shall not hinder Party A from any other rights under this Agreement.

Appears in 6 contracts

Samples: Equity Pledge Agreement (iHuman Inc.), Equity Pledge Agreement (iHuman Inc.), Equity Interest Pledge Agreement (GSX Techedu Inc.)

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Liability for Default. 9.1 6.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable in full for compensation of all losses of other Party’s actual economic losses; this Article 9 shall not hinder Party A from any other rights under this Agreementparties.

Appears in 6 contracts

Samples: Exclusive Call Option Agreement (iHuman Inc.), Exclusive Call Option Agreement (iHuman Inc.), Exclusive Call Option Agreement (GSX Techedu Inc.)

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