Liability of Breach of Contract. 9.1 In the event that Party A assigns the use right of the System provided hereunder to a third party without consent of Party B, Party B is entitled to request Party A to stop infringing acts and indemnify Party B and hold Party B harmless. Party A shall compensate twice of its profit generated from such infringement to Party B. Party B reserves its right to take any legal actions.
9.2 In the event that Party B breaches this agreement and causes losses and damages to Party A’s teaching operation, Party B shall compensate Party A twice of its losses.
9.3 In the event that Party A fails to pay the fees provided under this agreement to Party B in time, it shall pay to Party B liquidated damages equal to 0.05% of the overdue payment per day. Party B has right to terminate this agreement after the payment is overdue for over 30 days.
Liability of Breach of Contract. 8.1 Unless otherwise agreed in this Agreement or other written consents by Parties, neither party can modify or terminate this Agreement during the term without the written consent from the other party. If any party breaches this Agreement, it shall pay for all the losses suffered by the other party as a result of its breach.
Liability of Breach of Contract. 9.1 In the event that Party B assigns the right of using the registration system under this Agreement to a third party without consent of Party A, Party A has the right to request Party B to stop this infringement and eliminate any impacts. Party B shall compensate Party A in the amount equal to twice of the profit of Party B gained as a result of the infringement and Party A reserves its right to xxx Party B.
9.2 In the event that Party A breaches above provisions and causes losses and damages to Party B’s teaching business, Party A shall compensate Party B in the amount equal to twice of the loss sustained by Party B.
9.3 In the event that Party B fails to pay to Party A the usage fees for the registration system under this Agreement, it shall pay 0.05% of the overdue payment amount to Party A for each day overdue. In the event that the number of days overdue exceeds 30 days, Party A has the right to terminate this Agreement.
Liability of Breach of Contract. If there is a breach of the terms of the agreement, the Lender has the right, among other actions, to: 1) accelerate the loan (including all fees, costs and interest); 2) unilaterally terminate the agreement; and 3) deduct from the Borrower’s bank accounts opened at the Lender without judicial process, to pay principal, interest and other expenses due pursuant to the agreement.
Liability of Breach of Contract. 7.1 If a Party fails to perform any of its obligations hereunder, such Party (the “Defaulting Party”) shall be deemed as breach of contract. The Defaulting Party shall rectify such breach within ten (10) Business Days upon receipt of notice stating the details on breach of contract from the other Party (the “Non-defaulting Party”) or other longer period of time otherwise agreed by the Non-defaulting Party. If the Defaulting Party fails to rectify such breach with such prescribed period of time, the Defaulting Party shall indemnify the Non-defaulting Party from any actual losses incurred by the Non-defaulting Party, without limiting the Non-defaulting Party’s rights to obtain other remedies hereunder.
7.2 If Tencent breaches any provision by cancelling the Weixin Pay Entry Point, XX.xxx Channels or its portals, or Tencent News APP Channel portal opened by LJ China, Tencent shall be liable for breach of contract to LJ Entities.
7.3 The Parties hereto acknowledge and agree that such Party signs this Agreement on behalf of itself or its respective Affiliates and is obliged to cause and procure its respective Affiliates to conform with and perform this Agreement.
Liability of Breach of Contract. 5.1 In the event that the Licensee fails to pay the License Fee on time under this Agreement, the Licensee shall pay [percentage] of the overdue payment amount to the Licensor for each day overdue. In the event that the overdue days exceed 30 days, the Licensor has right to terminate this Agreement.
5.2 In the event that the Licensee fails to use the Licensed Trademarks in the area or by the means set forth in this Agreement, the Licensee shall compensate the Licensor in the amount equal to twice of the profit gained by the Licensee as a result of this infringement.
Liability of Breach of Contract. If Party A fails to repay the loan at the stipulated time, Party B shall charge 1% interest based on the remaining balance.
Liability of Breach of Contract. In the term of contract, any Party violates the contract or releases the contract without any reasonable reason, the party who violate the contract must take all the losses when it causes the actual loss to the other side. If the contract cannot carry out because of the force majeure, both Parties can terminate the contract.
Liability of Breach of Contract. 1. If Party A cannot provide the property and relevant equipment in agreed time, Party A shall pay 0.5 % of one month rent as penalty for each day overdue. If Party A does not perform the contract over 7 days, Party B shall have the right of terminating the contract.
2. Without the written permission by Party A, Party B shall pay 10% of one year rent as liquidated damages to Party A, if Party B has the following moves: subletting and lending the property, dismantling the structure, changing the using purpose; using the property for illegal activities, and rent arrears for more than one month.
3. During the lease period, if Party B has not paid the fees of water, electricity, gas, telephone and property management, etc. for over one month. Party A shall have the right to use the deposit to pay for the above expenses, and Party B shall bear all the consequences.
4. When the lease term expires, if Party B fails to return the well-equipped property to Party A in time, Party B shall pay Party A the liquidated damages of double daily rent according to the actual number of days.
5. If either party breaches the contract during the lease term, the other party has the right to terminate the contract. The defaulting party shall pay 20% of the total annual rent to the other party as liquidated damages. If the actual loss exceeds the total amount of the default, the responsible party shall compensate according to the actual condition.
Liability of Breach of Contract. (1) Breach by the borrower and its liability of breach: 1. Failing to repay the principal within the specified term (including the extended term); from the date it becomes overdue, additional 50% of penalty interest rate will be charged as agreed in the contract; 2. Failing to repay interest of the loan and compound interest will be charged at the penalty rate; 3. Failing to use the loan for the purposes agreed under the contract; if the loan becomes misappropriated, an additional 100% of penalty rate will be charged for the period the loan is misappropriated; 4. if the borrower intends to pay back the loan early, the lender’s approval is required; the lender has the right on the loan paid back early at the term and interest rate agreed in the contract; however if the lender’s approval has been obtained, the interest may be calculated and charged according to the interest rate and the actual number of days agreed herein.
(2) Breach by the lender and its liability of breach: if the lender fails to provide the loan as agreed, it shall be liable to pay a penalty to the borrower according to the breaching amount, overdue interest rate, and the number of days of the breach.
