Relief Measures Clause Samples

Relief Measures. 10.1 In case of the events of default listed in Article 9 of this Agreement, the Lender may take the following relief measures: (1) The Lender is entitled to declare that loans under this Agreement will be immediately matured in advance and part or all of the issued loans shall be withdrawn in advance. (2) If the Borrower fails to repay the principal and interest of the trust loans on schedule or use the loans for the purpose as agreed herein, a penalty of interests shall be calculated at an interest rate of 0.06% from the date of overdue or failure to use the loan as agreed herein according to the amount and period of default. (3) The Borrower is required to provide guarantee approved by the Lender in writing. (4) Exercise any security right. (5) Terminate the Agreement. (6) Other necessary measures. (7) If the Borrower violates the provisions of this Agreement and causes any loss to the Lender, even the Lender has taken the above relief measures, it is insufficient to compensate for all losses (including but not limited to all the principals of the loan, interest (including penalty), the expenses, litigation costs, attorneys' fees, etc. incurred by the Lender to exercise claims and subordinated rights), the Lender shall have the right to continue claims against the Borrower for the losses. 10.2 If the trust fails to be established, the Agreement shall be automatically terminated, and both parties shall not assume any liability for breach of contract, unless that the failure of the establishment of trust is due to the Borrower's violation of this Agreement.
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Relief Measures. 11.1 In the event of one or more of the defaults listed in Clause 10.1 of this Contract, the Lender may unilaterally take one or more of the following measures for relief: (1) The lender has the right to declare the loan under this contract immediately expire ahead of schedule, in advance to recover some or all of the loans have been issued, and asks the borrower in accordance with the terms of the contract agreed to calculate and pay the loan interest, to avoid objection, in such circumstances, the interest rate on loan interest applies to 9.5% per year; (2) The borrower is required to pay the penalty interest and so on, with overdue loan interest rate of the loan interest rate level (i.e. 9.5% / year) this contract agreed added on 50%. If the borrower does not use the loan interest rate according to the contract, the penalty loan interest rate shall be the loan interest rate level (i.e. 9.5% / year) this contract agreed added on 100%. For loans that have been used overdue or not used for the purposes agreed upon in this contract, interest shall be accrued at the interest rate from the date of overdue or non-use of the loan as agreed in this contract until the interest is paid. For the interest cannot be paid on time, according to the interest rate interest rate compound interest is calculated and collected; (3) Exercise any security right; (4) Terminate this contract; (5) Other necessary measures; (6) If the borrower violates the provisions of this contract and causes losses of the lender, even the lender takes the above remedial measures, it is not sufficient to compensate for all losses (including but not limited to all the principal of the loan, interest (including penalty), the expenses, litigation costs, attorneys’ fees, etc. incurred by the lender to exercise claims and subordinated rights), the lender shall have the right to continue claims to the borrower for the losses. 11.2 If the lender gives the borrower any grace or delay in the exercise of any of the rights under this contract, it shall not affect, impair or restrict all interests of the lender under this contract, laws and regulations and shall not be deemed to be that the lender waiving of the rights and interests, nor the expropriation of the borrower bearing any obligations under this contract. 11.3 If the trust is not established, the contract is automatically terminated, and the parties do not assume any breach of contract; but with the exception of the trust is not established becaus...
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Related to Relief Measures

  • General Measures Employees experiencing family violence have a right to request flexible working arrangements including changes to working times. Such requests will not be unreasonably refused.

  • Interim Measures 6.1 The Parties acknowledge that the British Columbia Claims Task Force made the following recommendation concerning Interim Measures:

  • Protective Measures We have implemented and will maintain appropriate technical and organisational measures in relation to the Services taking into account the state of the art, the costs of implementation, and the nature, scope, context and purposes of Processing, as well as the likelihood and severity of risk to the rights and freedoms of data subjects. This includes measures relating to the physical security of Our facilities used to deliver them, measures to control access rights to Our assets and relevant networks, and processes for testing these measures. In accordance with Our obligations under applicable law, We may undertake digital forensic investigations in relation to the use of the Services and Subscriptions. You are responsible for using, and ensuring that your Users use, the controls and advice provided by the Services correctly and consistently.

  • Mitigation Measures Company shall take commercially reasonable measures (except measures causing it to incur out-of-pocket expenses which BNYM does not agree in advance to reimburse) to mitigate losses or potential losses to BNYM, including taking verification, validation and reconciliation measures that are commercially reasonable or standard practice in the Company’s business.

  • Non-Tariff Measures 1. A Party shall not adopt or maintain any non-tariff measures on the importation of any good of the other Party or on the exportation of any good destined for the territory of the other Party except in accordance with its WTO rights and obligations or in accordance with other provisions of this Agreement. 2. Each Party shall ensure its non-tariff measures permitted in paragraph 1 are not prepared, adopted or applied with a view to, or with the effect of, creating unnecessary obstacles to trade between the Parties.