Responsibility of Default. Any one party, who breaks the contract and leads to termination of contract, shall pay 1% of the total contract value as liquidated damages to the other party, and compensate for all the other losses and costs.
Responsibility of Default. 8.1 In the event that Party A is solvent but transfers assets to evade repayment of the loan, Party B will collect the loan in accordance with the legal procedure.
Responsibility of Default. 1、因乙方原因导致系统开发工作停止，双方应根据项目的实际完成情况结算费用，乙方应当同时支付本合同价款10%的违约金； If the system development suspends due to Party B, both parties shall complete closing fees according to the actual project performance, and Party B shall undertake 10% of the contract payment as penalty;
Responsibility of Default. Either party violates the provisions hereof shall constitute default and shall be held liable for such default and compensate for all direct economic losses suffered by the non-defaulting party.
Responsibility of Default. (a) If this agreement cannot be implemented or completed from either sides, the breaching Party should bear the responsibilities of default. If the mistakes were made by both Parties, both Parties should bear the responsibilities accordingly.
Responsibility of Default. If Party B fails to issue the shares according to Article III, Party B shall pay RMB 500,000 as a penalty to Party A for each overdue month. If still unpaid for over three months, Party A shall be entitled to terminate this agreement and to seek compensation from Party B in addition to the above mentioned penalties.
Responsibility of Default. 15.1 Any party shall take the responsibility of default by law if not performing or incompletely performing the obligations agreed in the Contract.
Responsibility of Default. 1. The failure of one or both of the parties to this Agreement to perform or fully perform their obligations under this Agreement constitutes a breach of contract. In the event of breach of contract, the defaulting party shall, in accordance with the relevant laws, regulations and the provisions of this Agreement, bear liability for breach of contract and indemnify for actual and other losses suffered by the other party.
Responsibility of Default. 1. In accordance with the provision hereof, Party B should pay all payments required for the aquistion of 100% equity and all assets on time. It is deemed default if Party B fails to pay on time, and Party A has the right to teminate this agreement.
Responsibility of Default. 1. Party A and Party B shall strictly observe the Agreement and appendixes hereto and bear the responsibility of default in case of a default.
