Common use of Compensation for Breach Clause in Contracts

Compensation for Breach. 4.1 Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties (the “Non-beaching Parties”), the Non-beaching Parties may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) days from the date of the said notice, the Non-beaching Party shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.

Appears in 5 contracts

Samples: Exclusive Option Agreement (360 Finance, Inc.), Exclusive Option Agreement (360 Finance, Inc.), Exclusive Option Agreement (360 Finance, Inc.)

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Compensation for Breach. 4.1 1. Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties (the “Non-beaching Parties”), the Non-beaching Parties may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) days from the date of the said notice, the Non-beaching Party Parties shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.

Appears in 5 contracts

Samples: Loan Agreement (360 Finance, Inc.), Loan Agreement (360 Finance, Inc.), Loan Agreement (360 Finance, Inc.)

Compensation for Breach. 4.1 6.1 Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties Party (the “Non-beaching PartiesParty”), the Non-beaching Parties Party may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) working days from the date of issuance of the said notice, the Non-beaching Party shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.

Appears in 5 contracts

Samples: Exclusive Consultation and Service Agreement (360 Finance, Inc.), Exclusive Consultation and Service Agreement (360 Finance, Inc.), Exclusive Consultation and Service Agreement (360 Finance, Inc.)

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Compensation for Breach. 4.1 12.1 Should any Party (the “Breaching Party”) violate any provision hereof and cause damage to the other Parties (the “Non-beaching Parties”), the Non-beaching Parties may send a written notice to the Breaching Party, requiring it to remedy and rectify the breach immediately. If the Breaching Party fails to take satisfactory measures to remedy and rectify the breach within fifteen (15) days from the date of the said notice, the Non-beaching Party shall be entitled to take other remedies in accordance with the methods prescribed herein or by legal means.

Appears in 3 contracts

Samples: Equity Interest Pledge Agreement (360 Finance, Inc.), Equity Interest Pledge Agreement (360 Finance, Inc.), Equity Interest Pledge Agreement (360 Finance, Inc.)

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