Responsibility of breach of contract. 10.1 If one Party does not fulfill the obligations it should undertake under this Agreement, which cause losses to the other Party, they shall be liable for compensation in accordance with law, unless otherwise provided by this Agreement.
10.2 If this Agreement is unable to be fulfilled, and both of two Parties are in fault, they shall bear their respective liabilities according to their own fault.
Responsibility of breach of contract. 1. For overdue financing funds in arrears of Party A, since the overdue date, Party B shall collect overdue interest at additional FIFTY percent (capital letter) based on the original interest rate agreed in the Import Paying Service Financing Notice, till the principal and interest is paid off.
2. In case Party B asks Party A to repay the principal and interest in advance, Party A can’t pay off the principal and interest for import paying service financing on the designated date, since the accelerated overdue date designated by Party B, Party B shall collect overdue interest in accordance with the overdue interest rate.
3. In case Party A violates the agreement causing that Party B pays for him in advance, Party B shall collect the interest for advance in cash in accordance with the agreement in item 1 of this article.
4. In case Party A violates the obligations and promises in this Contract, Party B shall have the rights to refuse accepting the import paying service financing application of Party A, shall have the rights to ask Party A to correct the default behaviors in the limit time, and shall have the rights to ask the paying agent to stop paying for funds, or collect the principal and interest for financing, shall have the rights to announce that the debts under other contracts signed by Party A and Party B shall be expired at once or adopt other assets guarantee measures.
5. In case any guarantor for financing under this Contract violates the obligations in the guarantee contract, Party B shall have the rights to stop issuing financing funds for Party A, and collect the issued financing funds or adopt other assets guarantee measures.
6. In case Party B adopts lawsuit or arbitration methods to realize the creditor’s rights due to the default of Party A, Party A shall undertake the retaining fee, travel fee and other fees for realizing the creditor’s rights.
Responsibility of breach of contract a. If either party breaks the contract, the other party can requires the breach party to compensate, and both parties can negotiate the compensation and execute the responsibility of compensation upon reaching written agreement;
b. If the compensation solution cannot be reached within three months between both parties, either party can submit the lawsuit to Shanghai Pudong People's Court to solve the matter.
c. If students cannot finish the program because of the course from Party A and network support, Party A bears the responsibility.
d. If Party B fails to or delays to perform face-to-face training of IE21 program due to its own reason, Party A shall not consider it the breach of obligation under this agreement, and shall not be responsible for the delay of this obligation performance. The loss caused by this should be borne by Party B;
e. The requirement of tuition withdrawal of the student caused by poor management of Party B shall be processed by Party B.
Responsibility of breach of contract a. Should Party A have breached any of the clauses in this contract or its statement and guaranteed items is false, wrong, omitted, Party B has the right to conduct one or some of the following measures:
1). Require Party A to correct its violation in a given time;
2). Require Party A to provide a new guarantee;
3). Require Party A to compensate the loss;
4). Deduct corresponding amount of money from the above account;
5). Relief measures permitted by law.
b. Should the pledge fail to set up or the special account is frozen, deducted or Party B fails to realize the pledge fully and timely due to Party A’s reason, and Party A and the Debtor is not the same person, Party B has the right to require Party A to bear joint liability for its guaranteed debt and debtor within this contract, and Party B has the right to deduct corresponding money from this special account.
Responsibility of breach of contract. Once the Mortgagee or the Mortgager breaches this Contract upon its validation, the breaching party has to undertake corresponding legal responsibility and compensate for the losses.
Responsibility of breach of contract. If either party is unable to perform the contract due to the breach of the agreement, the party at default shall be liable to compensate the other party for the losses caused. Prompt notice shall be issued to the other party, in the event of force majeure events, such as war, earthquake, flood, sabotage, restriction and prohibition on roads implemented by relevant departments, traffic accident, bad weather which affects transportation, natural disasters etc. Supporting evidence should be provided within a reasonable period and remedial measures should be implemented to minimize the damages caused. If one party fails to fulfill the contract due to force majeure, some or all of the responsibility could be waived depending on the impact of the force majeure.
Responsibility of breach of contract. The Agreement will be effective from the date of sealing and signing. Each party shall abide by the Agreement. The party, which breaches the Agreement, shall bear all responsibilities and compensate all losses borne by non-breaching party/parties.
Responsibility of breach of contract. 11.1 Where one party commits any breaches of this Contract, the other party shall have the right to terminate the contract and ask for indemnity.
11.2 Party A and Party C shall pay a daily fine of 1000 RMB in the event that they fail to deliver the leased workshops under this Contract.
11.3 Party A, Party B and Party C shall not terminate this Contract in advance with the exception of any event of Force Majeure such as severe natural disasters and social events. Where Party A and Party C intend to terminate the contract by any reason except the foresaid ones, Party A shall compensate Party B with the rent and property management fee for three months; In the event Party B try to dissolve this Contract for any reason except the abovementioned ones, it shall make a compensation to Party A with the amount as much as rent and property management fee for three months and expenses arising from installing the transformer. Where Party B fails to comply with property management regulations and other management systems of Party C and it’s a serious case or having bad influence on the management over the whole area, Party C shall be entitled to terminate this Contract in advance without bearing any obligations of paying any expenses to Party B.
Responsibility of breach of contract. 12.1 Where one party commits any material breaches of this contract, the other party shall have the right to terminate the contract and ask for indemnity.
12.2 Party B shall have the right to terminate this Contract in case that Party C fails to perform its obligations under Property Management Regulations and causes great influence upon Party B’s production and operations. It shall also have the right to require Party C to compensate the incurred losses.
12.3 Party C shall pay a daily fine at 1% of the rent for half a year in the event that Party C fails to deliver the leased workshops under this Contract.
12.4 Party A and Party C shall not terminate the contract unless Party B makes material breaches of the related provisions of this lease. Where Party A and Party C intend to terminate the contract by any reason except the foresaid ones, Party A shall pay Party B the moving expenses that Party B has incurred and those for moving into to another workshop. Where Party B fails to comply with property management regulations and other management systems of Party C and Party C believes that it’s a serious case with bad influence on the management over the whole area, Party A shall not pay Party B the foresaid expense.
Responsibility of breach of contract. 8.1 On condition that a party (the “defaulting party”) violates the agreement, causing losses, responsibilities, litigations and other reasonable fees and expenditures (collectively called “losses”) for other parties (the “non-defaulting party”) , the defaulting party shall assume compensation. The compensation shall be adequate to afford the decrease of stock value of the non-defaulting party caused by the default.
8.2 On condition of default, the non-defaulting party has the right to ask the defaulting party to continue fulfilling this agreement, and all parties shall waive the right of argument on the ground that the compensation is adequate.
