Liability of Default Clause Samples

Liability of Default. It constitutes default under this Agreement if either party make any false, misleading or untrue representations and/or violates any of its representations, warranties or covenants, or fails to perform any of its responsibilities or obligations hereunder as required herein. The default party shall, as requested by the other party, continue to perform its obligations, take remedial measures or pay to the non-default party the full and sufficient damages.

Liability of Default. If the Pledgor breaches any provision of this Agreement, the Pledgor constitutes a default. The Beneficiary is then entitled to require the Obligor to assume consequences in accordance with this Agreement, including realizing the Pledge under this Agreement. Any breaching Party shall indemnify the other Parties for all direct economic losses arising from its default.

Liability of Default. 4.1 The parties to the Agreement shall fully fulfill their obligations stipulated in the Agreement upon effectiveness of the Agreement. In case of any failure to perform the obligations under the Agreement or incomplete performance by any party, the defaulting party shall undertake default responsibility to the other party (“non-defaulting party”). This Agreement shall prevail, unless the parties agree otherwise. 4.2 The parties agree and acknowledges that if trading settlement data cannot be accessed due to any reason except for the parties to the Agreement, resulting in difficulty in transfer trading payment, the parties have no obligation to settle or provide for the trading gains and losses until when trading settlement data is available again.

Liability of Default. If the pledgor or Party C materially breaches any of the provisions made under this Agreement, the pledgee has the right to terminate this Agreement and/or require the pledgor or Party C to pay compensation of damages; This Section 10 shall not prejudice any other rights of the pledgee under this Agreement. If the pledgee violates any provision of this Agreement, the non-breaching party shall have the right to demand compensation of damages from the breaching party, but unless otherwise provided by law, neither the pledgor and/or Party C shall have any right to terminate or rescind this Agreement under any circumstances.

Liability of Default. It constitutes default under this Agreement if either party make any false, misleading or untrue representations and/or violates any of its representations, warranties or covenants, or fails to perform any of its responsibilities or obligations hereunder as required herein. The default party shall, as requested by the other party, continue to perform its obligations, take remedial measures or pay to the non-default party the full and sufficient damages. The Transferor shall not be subject to any liability of default in case of no transfer of any trademark containing “Netease” or the transfer is not approved for reason not attributed to the Transferor.

Liability of Default. 5.1 Except otherwise provided by this Agreement, if Party B fails to fully perform or suspends the performance of any of their obligations under this Agreement and fails to remedy such non-performance within 30 days after receiving notice of such breach from Party A, Party B will be deemed to be in breach of the terms of this Agreement. 5.2 If Party B violates this Agreement which causes Party A to incur any costs (including but not limited to legal fees, legal costs, arbitration fees and travel costs), and/or responsibility for any loss suffered (including but not limited to a reasonable loss of profit), Party B shall be liable to compensate Party A for such cost, liability and/or damages.

Liability of Default. If Party A intends to terminate the Contract prior to the date of expiration, it shall notify Party B one month beforehand. Without the permission of Party B, the premises shall be used by Party B until the Contract expires. If Party B intends to terminate contract prior to the date of expiration, it shall notify Party A one month beforehand. Party A will deduct the rental of a month as penalty sum from performance bond and not return the rental paid. If Party B delays paying the rental and other expenses without reason, Party B will pay 0.3 percent of monthly rental as overdue fine every day 3 days after Party A notifies Party B in written form. If the rental will be paid 15 days overdue, Party A will deduct the payments and late fees from performance bond; if the rental will be paid 30 days overdue, Party A has right to terminate the Contract and deduct the payments and late fees from performance bond. If the performance bond is not sufficient to deduct the payments, both parties reach agreements as follows: (I) Party A will put on the notice of termination out of the premises if Party B does not notify to Party A that its contact has been changed, or the entity has been dissolved or ordered to stop operation, or the premises has been locked for long time, or Party B will not be contacted for other reasons, or the related staff of party A look cold and indifferent or make an excuse and don't reply even if Party A has been contacted. This Contract will be cancelled automatically after 3 days of notice. (II) In case that Party B do not resolve the problem within 30 days after this Contract is cancelled for above reasons, Party A has the right to clear up the belongings of Party B and put the belongings inside other premises or in the open air, the loss or damage arising from clearance and placement shall be underwritten by party B without concerning Party A. (III) Party B consents to pay Party A RMB 50 Yuan per day as the occupation fee and pay labour cost of ▇▇▇▇▇ance pursuant to actual conditions. If Party B doesn't collect its belongings within 60 days, It is deemed that Party B has given up the ownership of all the belongings and Party A has right to dispose it. If the disposal expenses is not sufficient to meet the payments, Party A has right to ask for more compensation from Party B. In case of a natural and/or policy and other forces majeure that preventing the Contract from being executed during the lease period, both parties should not bear any re...

Liability of Default. 8.1 Upon the occurrence of any event of default or other violation of any obligation, liability, representation or warranty hereunder to the Defaulting Party, unless otherwise provided herein, the other Party shall be entitled to take one or more of the following measures: (1) requiring the Defaulting Party to continue the performance of this Agreement; (2) requiring the Defaulting Party to take proper remedies; (3) suspending the payment of relevant project (4) requiring the Defaulting Party to indemnify the non-defaulting Party for all losses. 8.2 In case of any default, if the Party who has not breached the contract doesn’t exercise or delays to exercise the above rights, it shall not be deemed as automatic waiver or waiver of the rights or compensation due to law.

Liability of Default. 4.1 If Borrower conducts any material breach of this Agreement, Lender shall have right to terminate this Agreement and require Borrower to compensate all damages; this Section 4.1 shall not prejudice any other rights Lender may have against Borrower as provided herein. 4.2 Borrower shall not terminate this Agreement in any event unless otherwise required by applicable laws. 4.3 In the event that Borrower fails to perform the repayment obligations set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment, until the day Borrower repays the full principal of the Loans, overdue interests and other payable amounts.