Common use of Breaching Liability Clause in Contracts

Breaching Liability. 8.1 Either of the parties shall perform its obligations hereunder after this Contract becomes effective. Any party who fails to perform its obligations hereunder in part or whole shall bear breaching liabilities pursuant to applicable laws.

Appears in 3 contracts

Samples: Capital Borrowing Contract (Sooner Holdings Inc /Ok/), Capital Borrowing Contract (Sooner Holdings Inc /Ok/), Capital Borrowing Contract (Sooner Holdings Inc /Ok/)

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Breaching Liability. 8.1 Either of the parties 9.1 Each party shall perform its obligations hereunder after this Contract becomes effective. Any party who shall bear breaching liability by indemnifying losses caused to the other party provided that such party fails to perform the whole or part of its obligations hereunder in part or whole shall bear breaching liabilities pursuant to applicable lawshereunder.

Appears in 1 contract

Samples: Maximum Guarantee Contract (Zuoan Fashion LTD)

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