Breach and Compensation. 7.1 Any breach of any article of the agreement directly or indirectly or no commitment or commitment out of time insufficiently to the obligations of the agreement shall constitute breach of the contract. The party that observes the contract shall have the right to request the breaching party by written notice to make corrections to its breaching actions and avoid the bad result with sufficient, effective and timely measures taken, and to compensate for the losses of the non-breaching party due to its breaching actions.
Appears in 12 contracts
Samples: Loan Agreement (Sina Corp), Loan Agreement (WEIBO Corp), Loan Agreement (Sina Corp)
