Common use of Party B’s liability for breach of contract Clause in Contracts

Party B’s liability for breach of contract. 14.1 If Party B is behind the rent during the Term, Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of the monthly rent of the Property for each day overdue from the date when the rent is due, until all due fees and late fees have been paid off. 14.2 In the event of any late payment of the PM Fee, the main maintenance fund, utilities, the air-conditioning fee, and the parking space rent, among others, made by Party B during the Term, Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of such late payments for each day overdue from the date when such payments are due, until all due fees and late fees have been paid off. If such payments are overdue for more than 15 days (incl.), Party B promises that Party A has the right to take the following remedies for Party B’s breach of contract: Party A has the right to decide to entrust the PM with stopping the supply or use of water, electricity or other facilities, while any and all the consequences incurred thereof shall be borne by Party B. 14.3 During the Term, Party B shall not cancel the Lease Agreement and the Agreement without justifiable reasons. If Party B does need to cancel them prematurely according to its business development needs, it must send a written application to Party A two months in advance and obtain Party A’s written consent. If Party B does not have any other breach of contract stated in the Lease Agreement and the Agreement, the Lease Deposit and any other advance payment (if any) paid by Party B shall be owned by Party A, while Party B shall not bear other liabilities for breach of contract or for compensation for early cancellation of the contract. If Party B still has any other breach of contract stated in the Lease Agreement and the Agreement, Party B shall correct such breach no less than one month before its request for early cancellation; otherwise, Party B shall compensate Party A for any and all losses incurred thereof and shall be responsible for completing such correction. The correction period is not subject to the term and validity of the Lease Agreement and the Agreement. If Party B fails to send a written application to Party A two months in advance and obtain Party A’s written consent but unilaterally terminates the Lease Agreement and the Agreement, Party A will not refund the Lease Deposit and any other advance payment (if any) paid by Party B, and Party B shall pay Party A all the rent for the remaining Term in one lump sum and be liable for compensation for any and all losses of Party A caused by such breach. 14.4 If Party B commits any of the following acts during the Term, Party A has the right to unilaterally cancel the Lease Agreement and the Agreement, to repossess the Property, and to obtain the ownership of the Lease Deposit and any other advance payment (if any) paid by Party B; and if Party A’s financial losses are not fully covered by the Decoration Deposit, Party A has the right to request Party B to make up the difference: (I) Where Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again; (II) Where Party B demolishes or change the Property and its decoration, auxiliary facilities and equipment, or damages the Property, or allows any third party to do the same without the approval of the competent government authority and the written consent of Party A, and fails to correct and restore them within a time limit even after having received a written notice from Party A; (III) Where Party B uses the Property for any purpose other than the purpose agreed in the Lease Agreement and the Agreement without the consent of Party A, or for any illegal or criminal activities; (IV) Where Party B violates the Lease Agreement and the Agreement and fails to perform its maintenance responsibility, causing serious damage to the Property or its equipment, or delays or refuses to compensate Party A’s costs for such maintenance, and fails to pay such compensation within a time limit even after having received a written notice from Party A; (V) Where Party B owes a rent amounting more than RMB60,427, or is more than 15 days (incl.) behind the rent, or owes the PM Fee, utilities, the air-conditioning fee, the parking space rent and other expenses as agreed in Article 14.2, totaling more than RMB10,601; (VI) Where Party B’s business conditions are seriously deteriorating, Party B transfers its properties, withdraws its funds, loses its goodwill, or is undergoing the procedures for bankruptcy or liquidation (except for liquidation due to reorganization or merger, but a certificate for the approval by Party A must be provided), or Party B’s properties are seized or its solvency declines sharply, which may affect its performance of the Lease Agreement and the Agreement, in which case, Party B fails to provide its performance guarantee upon request by Party A; (VII) Where the Property is seized by any judicial or administrative authority due to Party B’s fault; or (VIII) Where laws, regulations or the relevant clauses of the Lease Agreement and the Agreement allow early termination by Party A. 14.5 If Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again, Party B, in addition to being subject to Article 14.4 herein, shall still pay Party A a penalty equal to RMB300 per square meter per month based on the sublet area. 14.6 In the event of unilateral cancellation by Party A in accordance with the above Clauses 14.3 and 14.4 or as a result of Party B’s breach meeting the statutory cancellation conditions, any fixed decoration made by Party B on the Property shall be owned by Party A without being liable for any compensation to Party B for that. 14.7 When Party A sends a notice to Party B to cancel the Lease Agreement and the Agreement in accordance with the Lease Agreement and the Agreement, it indicates that Party A exercises its right of repossessing the Property in advance under the Lease Agreement and the Agreement, which shall constitute Party A’s comprehensive and full exercise of the right, and Party A does not need to enter the Property actually as a sign of exercising the right. 14.8 Party A’s request for or collection of late fees in accordance with the Lease Agreement and the Agreement shall not prejudice and affect Party A’s exercise of any other rights and remedies under the Lease Agreement and the Agreement (including the right to repossess the Property). 14.9 Party A shall bear any and all costs and expenses (including attorney fees) arising from Party A’s request for paying the rent, the PM Fee and other expenses by Party B or from Party A’s exercise of any other rights under the Lease Agreement and the Agreement.

Appears in 2 contracts

Samples: Property Lease Agreement (Fd Technology Inc.), Property Lease Agreement (Fd Technology Inc.)

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Party B’s liability for breach of contract. 14.1 (1) If Party B is behind A terminates the rent during contract under the Term, Party A has the right to require circumstances agreed with Party B to pay a late fee, equal to 0.1 percent (one thousandth) in Article 11.2 of the monthly rent of the Property for each day overdue from the date when the rent is due, until all due fees and late fees have been paid off. 14.2 In the event of any late payment of the PM Fee, the main maintenance fund, utilities, the air-conditioning fee, and the parking space rent, among others, made by Party B during the Term, Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of such late payments for each day overdue from the date when such payments are due, until all due fees and late fees have been paid off. If such payments are overdue for more than 15 days (incl.), Party B promises that Party A has the right to take the following remedies for Party B’s breach of this contract: Party A has the right to decide to entrust the PM with stopping the supply or use of water, electricity or other facilities, while any and all the consequences incurred thereof shall be borne by Party B. 14.3 During the Term, Party B shall not cancel the Lease Agreement and the Agreement without justifiable reasons. If Party B does need to cancel them prematurely according to its business development needs, it must send a written application pay liquidated damages to Party A two months in advance and obtain Party A’s written consent. If Party B does not have any other breach according to the standard of contract stated in the Lease Agreement and the Agreement, the Lease Deposit and any other advance payment (if any) paid by Party B shall be owned by Party A, while Party B shall not bear other liabilities for breach of contract or for compensation for early cancellation monthly rental amount of the contract. If the liquidated damages paid are insufficient to offset the losses of Party B still has any other breach of contract stated in the Lease Agreement and the AgreementA, Party B shall correct such breach no less than one month before its request for early cancellation; otherwise, Party B shall compensate Party A for any and all losses incurred thereof and shall also be responsible for completing such correction. The correction period is not subject to the term and validity of the Lease Agreement and the Agreement. compensation. (2) If Party B fails to send a written application pay the rent, deposit or other expenses in due time, and if it fails to meet the conditions for contract termination or Party A two months in advance and obtain Party A’s written consent but unilaterally terminates doesn’t terminate the Lease Agreement and contract even if it meets the Agreementconditions for contract termination, Party A will not refund the Lease Deposit and any other advance payment (if any) paid by Party B, and Party B shall pay Party A all liquidated damages twice the daily rent amount for each day of delay. (3) During the remaining Term lease term, if Party B unilaterally terminates the contract without the circumstances agreed in one lump sum and be liable for compensation for any and all losses Article 11 of the contract, it shall notify Party A caused by such breach. 14.4 If in writing at least 30 days in advance and pay liquidated damages to Party B commits any A twice the monthly rent amount of the following acts during contract. If the Term, Party A has liquidated damages paid are insufficient to offset the right to unilaterally cancel the Lease Agreement and the Agreement, to repossess the Property, and to obtain the ownership of the Lease Deposit and any other advance payment (if any) paid by Party B; and if Party A’s financial losses are not fully covered by the Decoration Deposit, Party A has the right to request Party B to make up the difference: (I) Where Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again;shall also be responsible for compensation. (II4) Where If the lease term expires or the contract is terminated, Party B demolishes shall move out and return the house in time. In case of late removal or change refusal to return, Party B shall pay liquidated damages to Party A twice the Property and its decorationdaily rent amount for each day of delay. (5) If Party B carries out renovation, auxiliary decoration or installation of facilities and equipment, or damages equipment affecting the Property, or allows any third party to do the same without the approval structure of the competent government authority and the written consent of Party A, and fails to correct and restore them within a time limit even after having received a written notice from Party A; (III) Where Party B uses the Property for any purpose other than the purpose agreed in the Lease Agreement and the Agreement leased house without the consent of Party A, or it shall restore the leased house to its original state and compensate Party A for any illegal or criminal activities; (IV) Where the losses caused thereby. If Party B violates the Lease Agreement and the Agreement and fails causes personal injury or property loss to perform its maintenance responsibility, causing serious damage Party A or a third party due to the Property or its equipment, or delays or refuses to compensate Party A’s costs for such maintenance, and fails to pay such compensation within a time limit even after having received a written notice from Party A; (V) Where Party B owes a rent amounting more than RMB60,427, or is more than 15 days (incl.) behind the rent, or owes the PM Fee, utilities, the air-conditioning fee, the parking space rent and other expenses as agreed in Article 14.2, totaling more than RMB10,601; (VI) Where aforementioned behavior of Party B’s business conditions are seriously deteriorating, Party B transfers its properties, withdraws its funds, loses its goodwill, or is undergoing the procedures for bankruptcy or liquidation (except for liquidation due to reorganization or merger, but a certificate shall bear all legal responsibilities and compensate for the approval by Party A must be provided), or Party B’s properties are seized or its solvency declines sharply, which may affect its performance of the Lease Agreement and the Agreement, in which case, Party B fails to provide its performance guarantee upon request by Party A; (VII) Where the Property is seized by any judicial or administrative authority due to Party B’s fault; or (VIII) Where laws, regulations or the relevant clauses of the Lease Agreement and the Agreement allow early termination by Party A. 14.5 If Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again, Party B, in addition to being subject to Article 14.4 herein, shall still pay Party A a penalty equal to RMB300 per square meter per month based on the sublet arealosses. 14.6 In the event of unilateral cancellation by Party A in accordance with the above Clauses 14.3 and 14.4 or as a result of Party B’s breach meeting the statutory cancellation conditions, any fixed decoration made by Party B on the Property shall be owned by Party A without being liable for any compensation to Party B for that. 14.7 When Party A sends a notice to Party B to cancel the Lease Agreement and the Agreement in accordance with the Lease Agreement and the Agreement, it indicates that Party A exercises its right of repossessing the Property in advance under the Lease Agreement and the Agreement, which shall constitute Party A’s comprehensive and full exercise of the right, and Party A does not need to enter the Property actually as a sign of exercising the right. 14.8 Party A’s request for or collection of late fees in accordance with the Lease Agreement and the Agreement shall not prejudice and affect Party A’s exercise of any other rights and remedies under the Lease Agreement and the Agreement (including the right to repossess the Property). 14.9 Party A shall bear any and all costs and expenses (including attorney fees) arising from Party A’s request for paying the rent, the PM Fee and other expenses by Party B or from Party A’s exercise of any other rights under the Lease Agreement and the Agreement.

Appears in 2 contracts

Samples: House Lease (Loha Co. Ltd.), House Lease (Loha Co. Ltd.)

Party B’s liability for breach of contract. 14.1 If Party B is behind fails to perform its obligations as agreed herein, it shall be handled in the rent during following ways: 6.3.1 If Party B fails to pay any amount in accordance with Article 2.5 hereof due to Party B’s fault, Party B shall pay Party A liquidated damages at 0.05% of the Termoverdue payment for each day of delay. If the overdue period exceeds 90 days, Party A shall have the right to terminate the Agreement. If Party A terminates the Agreement in accordance with this Article, Party B shall (a) pay Party A liquidated damages at 10% of the estimated total price of the targeted property within 30 days from the date of receiving the termination notice; and (b) return the targeted property to Party A; and (c) pay Party A a property occupancy charge of RMB 5 per square meter of the building per day from the date of delivery of the property to the date of actual return of the property. In case of delay, Party B shall pay Party A liquidated damages at 0.05% of the total amount of the outstanding payment payable for each day of delay from the 31st day after receiving the notice of termination of the Agreement. Party A shall refund all payments made by Party B within 30 days from the date on which Party B completes all the above obligations. If Party B has not paid Party A within the 31st day after receiving the notice of termination of the Agreement, Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of deduct the monthly rent of aforementioned liquidated damage and the Property for each day overdue property occupancy charge from the date when the rent is due, until amount to be returned to Party B. If Party A fails to refund all due fees and late fees have been paid off. 14.2 In the event of any late payment of the PM Fee, the main maintenance fund, utilities, the air-conditioning fee, and the parking space rent, among others, payments made by Party B during within 30 days from the Termdate Party B completes all the above obligations, Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of such late payments for each day overdue from the date when such payments are due, until all due fees and late fees have been paid off. If such payments are overdue for more than 15 days (incl.), Party B promises that Party A has the right to take the following remedies for Party B’s breach of contract: Party A has the right to decide to entrust the PM with stopping the supply or use of water, electricity or other facilities, while any and all the consequences incurred thereof shall be borne by Party B. 14.3 During the Term, Party B shall not cancel the Lease Agreement and the Agreement without justifiable reasons. If Party B does need to cancel them prematurely according to its business development needs, it must send a written application to Party A two months in advance and obtain Party A’s written consent. If Party B does not have any other breach of contract stated in the Lease Agreement and the Agreement, the Lease Deposit and any other advance payment (if any) paid by Party B shall be owned by Party A, while Party B shall not bear other liabilities for breach of contract or for compensation for early cancellation of the contract. If Party B still has any other breach of contract stated in the Lease Agreement and the Agreement, Party B shall correct such breach no less than one month before its request for early cancellation; otherwise, Party B shall compensate Party A for any and all losses incurred thereof and shall be responsible for completing such correction. The correction period is not subject to the term and validity of the Lease Agreement and the Agreement. If Party B fails to send a written application to Party A two months in advance and obtain Party A’s written consent but unilaterally terminates the Lease Agreement and the Agreement, Party A will not refund the Lease Deposit and any other advance payment (if any) paid by Party B, and Party B shall pay Party A all the rent for the remaining Term in one lump sum and be liable for compensation for any and all losses of Party A caused by such breach. 14.4 If Party B commits any liquidated damages at 0.05% of the following acts during refundable amount starting from the Term, Party A has the right to unilaterally cancel the Lease Agreement and the Agreement, to repossess the Property, and to obtain the ownership of the Lease Deposit and any other advance payment (if any) paid by Party B; and if Party A’s financial losses are not fully covered by the Decoration Deposit, Party A has the right to request Party B to make up the difference: (I) Where Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again; (II) Where Party B demolishes or change the Property and its decoration, auxiliary facilities and equipment, or damages the Property, or allows any third party to do the same without the approval of the competent government authority and the written consent of Party A, and fails to correct and restore them within a time limit even after having received a written notice from Party A; (III) Where Party B uses the Property for any purpose other than the purpose agreed in the Lease Agreement and the Agreement without the consent of Party A, or for any illegal or criminal activities; (IV) Where Party B violates the Lease Agreement and the Agreement and fails to perform its maintenance responsibility, causing serious damage to the Property or its equipment, or delays or refuses to compensate Party A’s costs for such maintenance, and fails to pay such compensation within a time limit even after having received a written notice from Party A; (V) Where Party B owes a rent amounting more than RMB60,427, or is more than 15 days (incl31st day.) behind the rent, or owes the PM Fee, utilities, the air-conditioning fee, the parking space rent and other expenses as agreed in Article 14.2, totaling more than RMB10,601; (VI) Where Party B’s business conditions are seriously deteriorating, Party B transfers its properties, withdraws its funds, loses its goodwill, or is undergoing the procedures for bankruptcy or liquidation (except for liquidation due to reorganization or merger, but a certificate for the approval by Party A must be provided), or Party B’s properties are seized or its solvency declines sharply, which may affect its performance of the Lease Agreement and the Agreement, in which case, Party B fails to provide its performance guarantee upon request by Party A; (VII) Where the Property is seized by any judicial or administrative authority due to Party B’s fault; or (VIII) Where laws, regulations or the relevant clauses of the Lease Agreement and the Agreement allow early termination by Party A. 14.5 If Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again, Party B, in addition to being subject to Article 14.4 herein, shall still pay Party A a penalty equal to RMB300 per square meter per month based on the sublet area. 14.6 In the event of unilateral cancellation by Party A in accordance with the above Clauses 14.3 and 14.4 or as a result of Party B’s breach meeting the statutory cancellation conditions, any fixed decoration made by Party B on the Property shall be owned by Party A without being liable for any compensation to Party B for that. 14.7 When Party A sends a notice to Party B to cancel the Lease Agreement and the Agreement in accordance with the Lease Agreement and the Agreement, it indicates that Party A exercises its right of repossessing the Property in advance under the Lease Agreement and the Agreement, which shall constitute Party A’s comprehensive and full exercise of the right, and Party A does not need to enter the Property actually as a sign of exercising the right. 14.8 Party A’s request for or collection of late fees in accordance with the Lease Agreement and the Agreement shall not prejudice and affect Party A’s exercise of any other rights and remedies under the Lease Agreement and the Agreement (including the right to repossess the Property). 14.9 Party A shall bear any and all costs and expenses (including attorney fees) arising from Party A’s request for paying the rent, the PM Fee and other expenses by Party B or from Party A’s exercise of any other rights under the Lease Agreement and the Agreement.

Appears in 1 contract

Samples: Cooperation Agreement (Hello Group Inc.)

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Party B’s liability for breach of contract. 14.1 (1) If Party B is behind has the rent during the Term, circumstances stipulated in Article 11.2 of this contract and Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of the monthly rent of the Property for each day overdue from the date when the rent is due, until all due fees and late fees have been paid off. 14.2 In the event of any late payment of the PM Fee, the main maintenance fund, utilities, the air-conditioning fee, and the parking space rent, among others, made by Party B during the Term, Party A has the right to require Party B to pay a late fee, equal to 0.1 percent (one thousandth) of such late payments for each day overdue from the date when such payments are due, until all due fees and late fees have been paid off. If such payments are overdue for more than 15 days (incl.), Party B promises that Party A has the right to take the following remedies for Party B’s breach of contract: Party A has the right to decide to entrust the PM with stopping the supply or use of water, electricity or other facilities, while any and all the consequences incurred thereof shall be borne by Party B. 14.3 During the Term, Party B shall not cancel the Lease Agreement and the Agreement without justifiable reasons. If Party B does need to cancel them prematurely according to its business development needs, it must send a written application to Party A two months in advance and obtain Party A’s written consent. If Party B does not have any other breach of contract stated in the Lease Agreement and the Agreement, the Lease Deposit and any other advance payment (if any) paid by Party B shall be owned by Party A, while Party B shall not bear other liabilities for breach of contract or for compensation for early cancellation of terminates the contract. If Party B still has any other breach of contract stated in the Lease Agreement and the Agreement, Party B shall correct such breach no less than one month before its request for early cancellation; otherwise, Party B shall compensate Party A for any and all losses incurred thereof and shall be responsible for completing such correction. The correction period is not subject to the term and validity of the Lease Agreement and the Agreement. If Party B fails to send a written application to Party A two months in advance and obtain Party A’s written consent but unilaterally terminates the Lease Agreement and the Agreement, Party A will not refund the Lease Deposit and any other advance payment (if any) paid by Party B, and Party B shall pay Party A all liquidated damages according to the standard of the monthly rent amount of the contract. If the liquidated damages paid are insufficient to cover Party A’s losses, Party B shall also be responsible for the remaining Term in one lump sum and be liable for compensation for any and all losses of Party A caused by such breachcompensation. 14.4 (2) If Party B commits any fails to meet the conditions for rescission of the following acts during contract or Party A fails to terminate the Termcontract after paying the rent, deposit or other expenses after paying the rent, Party B shall pay Liquidated Damages to Party A has for each overdue day at twice the right to daily rent amount. (3) During the lease period, if Party B unilaterally cancel terminates the Lease Agreement and contract without the Agreementprovisions of Article 11 of this contract, to repossess the Propertyit shall notify Party A in writing at least 30 days in advance, and to obtain pay Party A liquidated damages at twice the ownership monthly rent amount of the Lease Deposit and any other advance payment (contract, if any) the liquidated damages paid by Party B; and if are insufficient to cover Party A’s financial losses are not fully covered by the Decoration Depositlosses, Party A has B shall also be responsible for compensation. (4) If the right to request lease term expires or the contract is terminated, Party B shall promptly move out and return the house. If it is overdue or refuses to make up pay it back, Party B shall pay liquidated damages to Party A for each overdue day at twice the difference:daily rent amount. (I5) Where If Party B subletstransforms, transfers, lends decorates or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again; (II) Where Party B demolishes or change the Property and its decoration, auxiliary installs facilities and equipment, or damages equipment that affect the Property, or allows any third party to do the same without the approval structure of the competent government authority and the written consent of Party A, and fails to correct and restore them within a time limit even after having received a written notice from Party A; (III) Where Party B uses the Property for any purpose other than the purpose agreed in the Lease Agreement and the Agreement house without the consent of Party A, or for any illegal or criminal activities; (IV) Where Party B violates shall restore the Lease Agreement rental house to its original state and the Agreement and fails to perform its maintenance responsibility, causing serious damage to the Property or its equipment, or delays or refuses to compensate Party A’s costs A for such maintenance, and fails to pay such compensation within a time limit even after having received a written notice from Party A; (V) Where Party B owes a rent amounting more than RMB60,427, or is more than 15 days (incl.) behind the rent, or owes the PM Fee, utilities, the air-conditioning fee, the parking space rent and other expenses as agreed in Article 14.2, totaling more than RMB10,601; (VI) Where losses caused thereby. If Party B’s business conditions are seriously deterioratingaforementioned acts cause personal injury or property damage to Party A or a third party, Party B transfers its properties, withdraws its funds, loses its goodwill, or is undergoing the procedures for bankruptcy or liquidation (except for liquidation due to reorganization or merger, but a certificate for the approval by Party A must be provided), or Party B’s properties are seized or its solvency declines sharply, which may affect its performance of the Lease Agreement and the Agreement, in which case, Party B fails to provide its performance guarantee upon request by Party A; (VII) Where the Property is seized by any judicial or administrative authority due to Party B’s fault; or (VIII) Where laws, regulations or the relevant clauses of the Lease Agreement and the Agreement allow early termination by Party A. 14.5 If Party B sublets, transfers, lends or exchanges the Property to or with any third party, in whole or in part, without the written content of Party A, or though Party B has obtained Party A’s written consent to sublet the Property, the sublessee sublets the Property again, Party B, in addition to being subject to Article 14.4 herein, shall still pay Party A a penalty equal to RMB300 per square meter per month based on the sublet area. 14.6 In the event of unilateral cancellation by Party A in accordance with the above Clauses 14.3 and 14.4 or as a result of Party B’s breach meeting the statutory cancellation conditions, any fixed decoration made by Party B on the Property shall be owned by Party A without being liable for any compensation to Party B for that. 14.7 When Party A sends a notice to Party B to cancel the Lease Agreement and the Agreement in accordance with the Lease Agreement and the Agreement, it indicates that Party A exercises its right of repossessing the Property in advance under the Lease Agreement and the Agreement, which shall constitute Party A’s comprehensive and full exercise of the right, and Party A does not need to enter the Property actually as a sign of exercising the right. 14.8 Party A’s request for or collection of late fees in accordance with the Lease Agreement and the Agreement shall not prejudice and affect Party A’s exercise of any other rights and remedies under the Lease Agreement and the Agreement (including the right to repossess the Property). 14.9 Party A shall bear any all legal responsibilities and all costs and expenses (including attorney fees) arising from Party A’s request compensate for paying the rent, the PM Fee and other expenses by Party B or from Party A’s exercise of any other rights under the Lease Agreement and the Agreementlosses.

Appears in 1 contract

Samples: Housing Rental Contract (Meiwu Technology Co LTD)

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