Liability of Breach. 9.1 If Party A fails to duly pay the Technical Services Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount per day equal to 0.03% of the unpaid consideration which falls due; if any delay of payment amounts to ten(10) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement. 9.2 If Party A violates its representations and warranties hereunder and fails to redress such violation within ten (10) days upon receipt of written notice from Party B, Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement. 9.3 If Party B does not fully perform its obligations and duties under this Agreement, or is otherwise in default of any of its representations and warranties hereunder, Party A shall be entitled to request Party B to redress its default.
Appears in 4 contracts
Samples: Technical Services Agreement (XcelMobility Inc.), Technical Services Agreement (XcelMobility Inc.), Technical Services Agreement (XcelMobility Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Technical Entrusted Management Services Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount per day equal to 0.03% of the unpaid consideration Consideration which falls due; if any delay of payment amounts to ten(10ten (10) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
9.2 If Party A violates its representations and warranties hereunder and fails to redress such violation within ten (10) days upon receipt of written notice from Party B, Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
9.3 If Party B does not fully perform its obligations and duties under this Agreement, or is otherwise in default of any of its representations and warranties hereunder, Party A shall be entitled to request Party B to redress its default.
Appears in 4 contracts
Samples: Entrusted Management Service Agreement (XcelMobility Inc.), Entrusted Management Service Agreement (XcelMobility Inc.), Entrusted Management Service Agreement (XcelMobility Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Technical Services Consigned Management and Technology Service Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount per day equal to 0.03% of the unpaid consideration Consideration which falls due; if any delay of payment amounts to ten(10sixty (60) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
9.2 If Party A violates its representations and warranties hereunder and fails to redress such violation within ten sixty (1060) days upon receipt of written notice from Party B, Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
9.3 If Party B does not fully perform its obligations and duties under is in non-performance, or incomplete performance of this Agreement, or is otherwise in default of any of its representations and warranties hereunder, Party A shall be entitled to request Party B to redress its default.
Appears in 2 contracts
Samples: Consigned Management and Technology Service Agreement (NeoStem, Inc.), Consigned Management and Technology Service Agreement (NeoStem, Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Technical Services Consigned Management Service Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount damages per day equal to 0.03% of the unpaid consideration Consideration which falls due; if any delay of payment amounts to ten(10sixty (60) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
9.2 If Party A violates its representations and warranties hereunder and fails to redress such violation within ten sixty (1060) days upon receipt of written notice from Party B, Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
9.3 If Party B does not fully perform its obligations and duties under is in non-performance, or incomplete performance, of this Agreement, or is otherwise in default of any of its representations and warranties hereunder, Party A shall be entitled to request Party B to redress its default.
Appears in 2 contracts
Samples: Consigned Management Service Agreement (Forme Capital Inc), Consigned Management Service Agreement (Southern Sauce Company, Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Technical Services Technology Service Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount damages per day equal to 0.03% of the unpaid consideration Consideration which falls due; if any delay of payment amounts to ten(10sixty (60) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
9.2 If Party A violates its representations and warranties hereunder and fails to redress such violation within ten sixty (1060) days upon receipt of written notice from Party B, Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
9.3 If Party B does not fully perform its obligations and duties under is in non-performance, or incomplete performance, of this Agreement, or is otherwise in default of any of its representations and warranties hereunder, Party A shall be entitled to request Party B to redress its default.
Appears in 2 contracts
Samples: Technology Service Agreement (Forme Capital Inc), Technology Service Agreement (Southern Sauce Company, Inc.)