Common use of Party A’s Liabilities for Breach Clause in Contracts

Party A’s Liabilities for Breach. If Party A fails to perform its own obligations within the period agreed herein, the following provisions shall prevail: 5.2.1. If Party A fails to deliver the target building to Party B by June 30, 2016 as required in Article 3.1 and Exhibit 2 for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, Party B shall be entitled to terminate this Agreement, in which case Party A shall refund all paid amounts to Party B within 30 days upon the date of the termination notice, and pay 0.01% of the paid amounts as penalty to Party B for each day of delay. If Party B elects not to terminate this Agreement, Party A shall pay 0.01% of the paid amounts as penalty to Party B for each day during the period starting from the day immediately following the due delivery date agreed herein and ending on the actual delivery date, and this Agreement shall continue to be performed. 5.2.2. If Party A fails to make the initial registration for Party B within the agreed time limit, or fails to go through the procedures of the Building Ownership Certificate for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, Party B shall be entitled to terminate this Agreement, in which case Party A shall refund all paid amounts to Party B within 30 days upon the date of the termination notice, and pay 0.01% of the paid amounts as penalty to Party B for each day during the period starting from the day on which the procedures for the ownership certificate should be completed and ending on the date of refunding. 5.2.3. Except as agreed herein, Party A undertakes that it will not resell the building to others and that the target building is free of any security interest, failing to comply with which Party A has to pay Party B a penalty fine equivalent to 30% of the Estimated Total Price hereunder, and the performance of this Agreement may be continued at the election of Party B.

Party A’s Liabilities for Breach. If The following provisions shall apply if Party A fails to perform any of its own obligations within the period agreed herein, the following provisions shall prevailtime limits as stipulated in this Agreement: 5.2.1. If Party A fails to deliver the target building to Party B by June 30, 2016 as required in Article 3.1 and Exhibit 2 for reasons attributable to Party A, 5.2.1 Party A shall pay Party B the damages equal to 0.01% of the price already amount paid by Party B as penalty for each per day if the Property failed to be delivered to Party B before or on the agreed date of delay. In case such delay lasts over 90 days, delivery due to any fault on the part of Party A. Party B shall be entitled to terminate cancel this Agreement if the Property has not been delivered more than 180 days after the agreed date of delivery. If Party B cancels this Agreement, in which case Party A shall refund all the amount paid amounts to by Party B within 30 days upon from the date of Party B’s notice on cancellation of the termination notice, agreement and pay 0.01% the damages equal to five percent (5%) of the paid amounts as penalty total price of this Agreement to Party B for each day of delay. B. If Party B elects does not choose to terminate cancel this Agreement, Party A shall pay Party B the damages equal to 0.01% of the amount paid amounts as penalty to by Party B for each per day during the period starting from the next day immediately following to the due agreed date of delivery date agreed herein and ending on until the actual delivery date, and this Agreement shall continue to be performed. 5.2.2. If 5.2.2 Party A shall pay Party B the damages equal to 0.01% of the amount paid by Party B per day if Party A fails to make perform its obligation under Article 4.1 due to any fault on the initial registration for part of Party B within the agreed time limit, or fails to go through the procedures of the Building Ownership Certificate for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, A. Party B shall be entitled to terminate cancel this Agreement if Party A fails to perform such obligation more than 180 days after the agreed date. If Party B cancels this Agreement, in which case Party A shall refund all the amount paid amounts to by Party B within 30 days upon from the date of Party B’s notice on cancellation of the termination notice, agreement and pay 0.01% the damages equal to five percent (5%) of the paid amounts as penalty total price of this Agreement to Party B for each day during the period starting from the day on which the procedures for the ownership certificate should be completed and ending on the date of refunding.B. 5.2.3. 5.2.3 Except as agreed otherwise stipulated herein, Party A undertakes that it will not resell the building Property to others and that it has not and will not create any mortgage over the target building is free of any security interestProperty; otherwise, failing to comply with which Party A has shall pay the damages equal to pay Party B a penalty fine equivalent to thirty percent (30% %) of the Estimated Total Price hereunder, and the performance total price of this Agreement may be continued to Party B and continue to perform this Agreement at the election of Party B.B’s discretion.

Party A’s Liabilities for Breach. If The following provisions shall apply if Party A fails to perform any of its own obligations within the period agreed herein, the following provisions shall prevailtime limits as stipulated in this Agreement: 5.2.1. If Party A fails to deliver the target building to Party B by June 30, 2016 as required in Article 3.1 and Exhibit 2 for reasons attributable to Party A, 5.2.1 Party A shall pay Party B the damages equal to 0.01% of the price already amount paid by Party B as penalty for each per day if the Property failed to be delivered to Party B before or on the agreed date of delay. In case such delay lasts over 90 days, delivery due to any fault on the part of Party A. Party B shall be entitled to terminate cancel this Agreement if the Property has not been delivered more than 180 days after the agreed date of delivery. If Party B cancels this Agreement, in which case Party A shall refund all the amount paid amounts to by Party B within 30 days upon from the date of Party B’s notice on cancellation of the termination notice, agreement and pay 0.01% the damages equal to ten percent (10%) of the paid amounts as penalty total price of this Agreement to Party B for each day of delay. B. If Party B elects does not choose to terminate cancel this Agreement, Party A shall pay Party B the damages equal to 0.01% of the amount paid amounts as penalty to by Party B for each per day during the period starting from the next day immediately following to the due agreed date of delivery date agreed herein and ending on until the actual delivery date, and this Agreement shall continue to be performed. 5.2.2. If 5.2.2 Party A shall pay Party B the damages equal to 0.01% of the amount paid by Party B per day if Party A fails to make perform its obligation under Article 4.1 due to any fault on the initial registration for part of Party B within the agreed time limit, or fails to go through the procedures of the Building Ownership Certificate for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, A. Party B shall be entitled to terminate cancel this Agreement if Party A fails to perform such obligation more than 180 days after the agreed date. If Party B cancels this Agreement, in which case Party A shall refund all the amount paid amounts to by Party B within 30 days upon from the date of Party B’s notice on cancellation of the termination notice, agreement and pay 0.01% the damages equal to ten percent (10%) of the paid amounts as penalty total price of this Agreement to Party B for each day during the period starting from the day on which the procedures for the ownership certificate should be completed and ending on the date of refunding.B. 5.2.3. 5.2.3 Except as agreed otherwise stipulated herein, Party A undertakes that it will not resell the building Property to others and that it has not and will not create any mortgage over the target building is free of any security interestProperty; otherwise, failing to comply with which Party A has shall pay the damages equal to pay Party B a penalty fine equivalent to thirty percent (30% %) of the Estimated Total Price hereunder, and the performance total price of this Agreement may be continued to Party B and continue to perform this Agreement at the election of Party B.B’s discretion.

Party A’s Liabilities for Breach. If The following provisions shall apply if Party A fails to perform any of its own obligations within the period agreed herein, the following provisions shall prevailtime limits as stipulated in this Agreement: 5.2.1. If Party A fails to deliver the target building to Party B by June 30, 2016 as required in Article 3.1 and Exhibit 2 for reasons attributable to Party A, 5.2.1 Party A shall pay Party B the damages equal to 0.01% of the price already amount paid by Party B as penalty for each per day if the Property failed to be delivered to Party B before or on the agreed date of delay. In case such delay lasts over 90 days, delivery due to any fault on the part of Party A. Party B shall be entitled to terminate cancel this Agreement if the Property has not been delivered more than 180 days after the agreed date of delivery. If Party B cancels this Agreement, in which case Party A shall refund all the amount paid amounts to by Party B within 30 days upon from the date of Party B’s notice on cancellation of the termination notice, agreement and pay 0.01% the damages equal to ten percent (10%) of the paid amounts as penalty total price of this Agreement to Party B for each day of delay. B. If Party B elects does not choose to terminate cancel this Agreement, Party A shall pay Party B the damages equal to 0.01% of the amount paid amounts as penalty to by Party B for each per day during the period starting from the next day immediately following to the due agreed date of delivery date agreed herein and ending on until the actual delivery date, date and this Agreement shall continue to be performed. 5.2.2. If 5.2.2 Party A shall pay Party B the damages equal to 0.01% of the amount paid by Party B per day if Party A fails to make perform its obligation under Article 4.1 due to any fault on the initial registration for part of Party B within the agreed time limit, or fails to go through the procedures of the Building Ownership Certificate for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, A. Party B shall be entitled to terminate cancel this Agreement if Party A fails to perform such obligation more than 180 days after the agreed date. If Party B cancels this Agreement, in which case Party A shall refund all the amount paid amounts to by Party B within 30 days upon from the date of Party B’s notice on cancellation of the termination notice, agreement and pay 0.01% the damages equal to ten percent (10%) of the paid amounts as penalty total price of this Agreement to Party B for each day during the period starting from the day on which the procedures for the ownership certificate should be completed and ending on the date of refunding.B. 5.2.3. 5.2.3 Except as agreed otherwise stipulated herein, Party A undertakes that it will not resell the building Property to others and that it has not and will not create any mortgage over the target building is free of any security interestProperty; otherwise, failing to comply with which Party A has shall pay the damages equal to pay Party B a penalty fine equivalent to thirty percent (30% %) of the Estimated Total Price hereunder, and the performance total price of this Agreement may be continued to Party B and continue to perform this Agreement at the election of Party B.B’s discretion.

Party A’s Liabilities for Breach. If Party A fails to perform its own obligations within the period agreed herein, the following provisions shall prevail: 5.2.1. If Party A fails to deliver the target building to Party B by June 30August 31, 2016 2015 as required in Article 3.1 and Exhibit 2 for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, Party B shall be entitled to terminate this Agreement, in which case Party A shall refund all paid amounts to Party B within 30 days upon the date of the termination notice, and pay 0.01% of the paid amounts as penalty to Party B for each day of delay. If Party B elects not to terminate this Agreement, Party A shall pay 0.01% of the paid amounts as penalty to Party B for each day during the period starting from the day immediately following the due delivery date agreed herein and ending on the actual delivery date, and this Agreement shall continue to be performed. 5.2.2. If Party A fails to make the initial registration for Party B within the agreed time limit, or fails to go through the procedures of the Building Ownership Certificate for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case such delay lasts over 90 days, Party B shall be entitled to terminate this Agreement, in which case Party A shall refund all paid amounts to Party B within 30 days upon the date of the termination notice, and pay 0.01% of the paid amounts as penalty to Party B for each day during the period starting from the day on which the procedures for the ownership certificate should be completed and ending on the date of refunding. 5.2.3. Except as agreed herein, Party A undertakes that it will not resell the building to others and that the target building is free of any security interest, failing to comply with which Party A has to pay Party B a penalty fine equivalent to 30% of the Estimated Total Price hereunder, and the performance of this Agreement may be continued at the election of Party B.