Common use of Fault Clause in Contracts

Fault. 9.1 Any of the following shall be deemed a fault: (i) A Party hereto materially breaches its contract with a third party and thus causes material damage to such third party, and the situation remains unchanged for 60 days; (ii) A Party will go bankrupt. 9.2 In the occurrence of a fault defined above, the Party without fault may terminate this Agreement by written notice to the Party at fault. This remedy is in addition to other remedies under this Agreement and is not the only remedy available to the Party without fault.

Appears in 6 contracts

Sources: Online Game Software Distribution and License Agreement (Giant Interactive Group Inc.), Online Game Software Distribution and License Agreement (Giant Interactive Group Inc.), Online Game Software Distribution and License Agreement (Giant Interactive Group Inc.)

Fault. 9.1 10.1 Any of the following shall be deemed a fault: (i) A Party hereto materially breaches its contract with a third party and thus causes material damage to such third party, and the situation remains unchanged for 60 days; (ii) A Party will go bankrupt. 9.2 10.2 In the occurrence of a fault defined above, the Party without fault may terminate this Agreement by written notice to the Party at fault. This remedy is in addition to other remedies under this Agreement and is not the only remedy available to the Party without fault.

Appears in 3 contracts

Sources: Platform Software License Agreement (Giant Interactive Group Inc.), User Platform Software Distribution and License Agreement (Giant Interactive Group Inc.), User Platform Software Distribution and License Agreement (Giant Interactive Group Inc.)