Remedy for Breach of Contract. The parties agree that if there is any breach or asserted breach of the terms, covenants, or conditions of this Agreement, the remedy of the parties hereto shall be at law and in equity and injunctive relief shall lie for the enforcement of or relief from any provisions of this Agreement. If any remedy or relief is sought and obtained by any party against one of the other parties pursuant to this Section 23, the other party shall, in addition to the remedy of relief so obtained, be liable to the party seeking such remedy or relief for the reasonable expenses incurred by such party in successfully obtaining such remedy or relief, including the reasonable fees and expenses of such party's counsel.
Remedy for Breach of Contract. The parties agree that in the event there is any breach or asserted breach of the terms, covenants or conditions of this Agreement, the remedy of the parties hereto shall be in both law and in equity, including injunctive relief for the enforcement of or relief from any provisions of this Agreement.
Remedy for Breach of Contract. If any of the foregoing events of default set forth in Article 8.1 occurs, Party B shall be entitled to exercise one or several rights as follows:
8.2.1 to charge compound interest and penalty interest at the delinquent interest rate and penalty interest rate as agreed in Article 2.7 herein;
8.2.2 to cease to grant the balance of the loan which has not been granted to Party A yet;
8.2.3 to declare the early maturity of the debts hereunder, and to request Party A to repay the principal plus interest of the loan as well as relevant costs and expenses;
8.2.4 to directly withhold and deduct Party A’s savings deposited in the accounts opened at Party B as well as all other operating agencies of Hankou Bank or other accounts, to repay all of Party A’s debts under this contract;
8.2.5 to exercise security rights;
8.2.6 to request the Guarantor to pay on behalf of Party A the principal plus interest which Party A should have repaid pursuant to the agreements reached herein;
8.2.7 to impose inter-bank sanction on Party A, and be entitled to report to the relevant authorities or entities, and to press for collection by public notice on news media;
8.2.8 other remedies permitted by laws.
Remedy for Breach of Contract. In the event that Xx. Xxxxxxx commits any breach of Articles 9, 10 and/or 11 he shall, in variance from the provisions of Section 7:650 subsections 3, 4 and 5 of the Civil Code, forfeit to the Company an immediately payable penalty of EUR 50,000 for each such breach, to be increased by EUR 5,000 for each day that any such breach continues, without prior notice or judicial intervention being required and entirely without prejudice to the Company's right to demand full compensation for the loss actually suffered by it and/or to demand specific performance instead of the aforesaid penalty.
Remedy for Breach of Contract. A. The parties agree that in the event there is any breach or asserted breach of the terms, covenants or conditions of this Agreement, the remedies of the parties hereto shall be in both law and in equity, including injunctive relief for the enforcement of or relief from any provisions of this Agreement.
B. In the event either party has a reasonable basis for claiming that the other party has violated the provisions of Section 5 of this Agreement and that such violation is material, the aggrieved party shall give the other party written notice of the specific facts of such violation. If such violation is material and has not been cured within three (03) days after such notice is given, the aggrieved party may seek any relief provided in this Agreement.
C. Of Sections 5, 6.1, or 6.3: In the event either party has a reasonable basis for claiming that the other party has violated the provisions of Sections 5, 6.1, or 6.3 and such violation is material, such party shall give written notice of specific facts of such violation to the other party. If, after three (03) days of giving such notice, the alleged violation has occurred, has not ceased, or reasonably may be expected to be repeated again, the aggrieved party shall have the right to bring an action at law or in equity. In any action brought for an alleged breach of Sections 5, 6.1, or 6.3, the complaining party may seek whatever damages and redress it deems appropriate, including but not limited to injunctive relief pertaining to the alleged violation complained of.
D. Money damages would not be sufficient remedy for any breach of 6.1 or 6.3 by either party, and either party shall be entitled to seek specific performance and injunctive relief as
Remedy for Breach of Contract. 14.1 In the event that Employee commits any breach of Article 11, Article 12 and/or Article 13 he shall forfeit to the Company a penalty equal to one year's Base Salary for each such breach and an additional penalty equal to 1/12th of one year's Base Salary for each day that such breach should continue unremedied, said penalty or penalties to be payable immediately without prior notice or judicial intervention being required, entirely without prejudice to the Company's right to demand full compensation for losses actually suffered by it and/or to demand specific performance under the applicable laws.
14.2 Payment of the penalty or penalties referred to in 14.1 shall not release Employee from his obligations specified in Articles 11, 12 and 13.
Remedy for Breach of Contract. If any party hereto (the “Breaching Party”) is in breach of contract, the non-breaching Parties shall have the right to take one or several of the following remedies to safeguard their rights:
(1) to require that the Breaching Party carry out a specific performance;
(2) to suspend the performance of their obligations until the Breaching Party has rectified its breach of contract, in which case such suspension by the non-breaching Parties in accordance with the provisions of this paragraph shall not constitute a failure to perform or a delayed performance of their obligations hereunder;
(3) to terminate this Agreement unilaterally with a written notice in accordance with the conditions for termination of an agreement as prescribed in PRC laws and such notice of termination shall be effective as of the date it is sent;
(4) to require that the Breaching Party compensate the non-breaching Parties for any and all economic losses they may incur as a result, including such expenses as the non-breaching Parties may actually incur in connection with the Transaction (excluding any other foreseeable economic losses) as well as such expenses as they may incur in connection with any legal or arbitral proceedings in which they may be involved as a result;
Remedy for Breach of Contract. 17.1 If a breach of contract described in Clause 16, paragraph 16.1 of this Contract occurs to the Lessee, the Lessor has the right to take one or more of the following measures:
(1) Requiring the Lessee to take remedial measures or provide supplemental guarantees satisfactory to the Lessor within the specified time limit, and bear the expenses incurred thereby;
(2) Requiring the Lessee to immediately stop using the corresponding or all Lease Items;
(3) Requiring the lessee to pay a penalty in accordance with the Lease Agreement and compensate the Lessor for the losses suffered thereby;
(4) Requiring the guarantor to perform the compensatory obligation on the debt arising from the Lessee's default;
(5) Other remedies permitted by law.
17.2 If a breach of contract described in Clause 16, paragraph 16.2 of this Contract occurs to the Lessee, the Lessor has the right to take one or more of the following measures, in addition to the right to exercise the remedy in accordance with paragraph 17.1 of this Clause:
(1) Canceling the Lease Agreement or this Contract;
(2) Requiring the Lessee to return the corresponding or all of the Lease Items immediately or take back the corresponding or all of the Lease Items without resorting to the judicial proceeding, including but not limited to directly accessing to the place of use of the Lease Items and possessing and transferring them;
(3) Requiring the Lessee to pay corresponding or all the outsatnding and due Rents, immature Rents, Late Penalty, Retention Price and other payables under the Lease Agreement. The Lessor has the right to determine the priority of payment of the above amounts;
(4) Claiming a security right against the Lessee or a third party and requieing them to fulfill the compensatory obligations on the debt under paragraph 17.2, item (3) and paragraph 17.3;
(5) Other remedies permitted by law.
17.3 All taxes and related expenses incurred by the Lessor from the exercise of the remedy for breach of contract hereunder (including but not limited to the cancellation of the Lease Agreement or requiring returning, taking back, repairing, or disposing of the Lease Items) or from the enforcement of the Lessee’s obligations under the Lease Agreement (including but not limited to litigation fees, appraisal fees, and attorney fees) shall be borne by the Lessee.
17.4 If the Lessor claims to take back the Lease Items, the Lessor shall have the right to require the Lessee to compensate the Lessor for all the losses aft...
Remedy for Breach of Contract. 15.1 In the event that the Employee commits any breach of Article 13 and Article 14 he shall forfeit to the Employer, in variance from the provisions of Section 7:650, subsections 3, 4 and 5 of the Civil Code, an immediately payable penalty of EUR 10.000,- for each such breach, to be increased by EUR 1000,- for each day that any such breach continues, without prior notice or judicial intervention being required and entirely without prejudice to the Employer’s right, instead of this penalty, to demand full compensation for the loss actually suffered by it and/or to demand specific performance.
15.2 Payment of this penalty referred to in this Article shall not release the Employee from his obligations specified in Articles 13 and 14.
Remedy for Breach of Contract. If a breach of contract described in Clause 16, paragraph 16.1 of this Contract occurs to the Lessee, the Lessor has the right to take one or more of the following measures:
