Party B’s Liability for Breach. 1. Upon the commitment of any of the following acts by Party B during the term of lease hereunder, Party A shall have the right to terminate this Contract and withdraw the leased premises hereunder, and Party B shall pay liquidated damages equivalent to 5% of the total rental hereunder to Party A and, if such liquidated damages is insufficient to recover the losses incurred by Party A due to such act, shall pay compensation to Party A until the full recovery of the foreseeable direct losses incurred by Party A due to such act:
Party B’s Liability for Breach of contract upon overdue return If party B fails to list or gives up the listing plan during the loan term, and fails to pay off the principal and interest of the loan within one month after the expiration of the loan term, and fails to resign the extension agreement, the interest will be calculated after the loan interest rate of the People’s Bank of China rises by 50% from the date of overdue repayment. If Party B fails to list in the US Stock but still wants to do so, Party A thinks it needs to continue to reform cost support to Party B, both parties shall sign a new loan agreement.
Party B’s Liability for Breach of contract upon overdue return If Party B fails to list or give up the listing plan during the loan term, and fails to repay the principal and interest of the loan or does not sign the deferred repayment agreement within the month after the expiration of the loan term, it will increase 80 basis points (1 basis point=0.01%, accurate to 0.01 basis points) upon the original LPR rate on the expiring date for the interest calculation. If Party B fails to list in the “US Stock” during the loan term but still wants to do so, and Party A thinks there is a need to continue the reform cost support to Party B, both parties shall sign a new loan agreement.
Party B’s Liability for Breach. (1) If Party A terminates the contract under the circumstances stipulated in Article 11.2 of this contract, Party B shall pay liquidated damages to Party A according to the standard of the monthly rental amount of the contract. If the liquidated damages paid are insufficient to offset the losses of Party A, Party B shall also be responsible for compensation.
Party B’s Liability for Breach. 1. Should Party B fail to pay any portion of the Total Transaction Price of the Property under this Agreement or commit any other material breach of this Agreement, Party B shall pay a penalty equivalent to 5% of the outstanding payment. In addition, Party A has the right not to perform its corresponding obligations under the Agreement.
Party B’s Liability for Breach. 2.1 After this agreement takes effective and before the project is finished and put into operation, if Party B refuses to implement this agreement or fails to provide construction capital to this project under this agreement, it should reimburse all the actual costs and expenses of Party A on this project, including project construction and preparation expenses, etc.
