Party A’s Default Sample Clauses

Party A’s Default. 1) not provide the authentic, complete, and valid materials of finance, operation, management, etc. required by Party B; 2) not use the Loan in accordance with this Agreement; 3) fail to repay the principle and interest on time; 4) reject or impede Party B to supervise or examine the usage of the Loan; 5) transfer assets and spirit funds to avoid the repayment to Party B; 6) the operating and financial situation is deteriorated not to make the due repayment; involved with or will be involved with material litigation, arbitration proceedings or any other legal disputes that Party B considers it has been influenced or will likely influence the rights and benefits stipulated in this Agreement; 7) any other debt outstanding has influenced or will likely to influence the performance of Party B’s obligation in this Agreement; 8) fail to repay other debt due to related rural credit cooperative unions; 9) proceed in contracting, leasing, merger, acquisition, joint venture, separation, affiliation, shareholding reform, and any other change of operating mode or transformation of operating mechanism during the term of this Agreement, which Party B considers it has been influenced or will likely influence the rights and benefits stipulated in this Agreement; 10) other situations that will influence the repayment as considered by Party B; 11) be against other obligations as stipulated in this Agreement.

Party A’s Default. 1. Party A breaches any provision of the contract or fails to perform any statutory obligation; 2. Party A expressly states or implies through its actions that it will not fulfill any obligation under the contract.