Common use of Liability for Breach of Contract Clause in Contracts

Liability for Breach of Contract. 9.1 The Parties agree and confirm that, if the Shareholder (hereinafter the “Defaulting Party”) breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “Default”), then the Company shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable period or within ten (10) days of non-defaulting Party’s notifying the Defaulting Party in writing and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

Appears in 24 contracts

Samples: Call Option Agreement (Focus Media Holding LTD), Call Option Agreement (Focus Media Holding LTD), Call Option Agreement (Focus Media Holding LTD)

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Liability for Breach of Contract. 9.1 10.1 The Parties agree and confirm that, if the Shareholder any party (hereinafter the “Defaulting Party”"DEFAULTING PARTY") breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “Default”"DEFAULT"), then the Company non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable period or within ten (10) days of non-defaulting Party’s 's notifying the Defaulting Party in writing and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

Appears in 8 contracts

Samples: Call Option Agreement (Asia Times Holdings LTD), Call Option Agreement (Wave Sync Corp.), Call Option Agreement (Golden Key International Inc)

Liability for Breach of Contract. 9.1 The Parties agree and confirm that, if the Shareholder any party (hereinafter the “Defaulting Party”"DEFAULTING PARTY") breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “Default”"DEFAULT"), then the Company non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable period or within ten (10) days of non-defaulting Party’s 's notifying the Defaulting Party in writing and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

Appears in 6 contracts

Samples: Call Option Agreement (Focus Media Holding LTD), Call Option Agreement (Focus Media Holding LTD), Call Option Agreement (Focus Media Holding LTD)

Liability for Breach of Contract. 9.1 10.1 The Parties agree and confirm that, if the Shareholder any party (hereinafter the “Defaulting PartyDEFAULTING PARTY”) breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “DefaultDEFAULT”), then the Company non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable period or within ten (10) days of non-defaulting Party’s notifying the Defaulting Party in writing and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

Appears in 5 contracts

Samples: Call Option Agreement (Ezagoo LTD), Call Option Agreement (Asia Times Holdings LTD), Call Option Agreement (Asia Times Holdings LTD)

Liability for Breach of Contract. 9.1 8.1 The Parties agree and confirm that, if the Shareholder any Party (hereinafter the “Defaulting Party”) breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “Default”), then and the Company other Party not committing a Default (hereinafter a “Conforming Party”) shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such a reasonable period or within ten (10) days of non-defaulting Party’s notifying after the other Party notifies the Defaulting Party in writing and requiring requires it to rectify the Default, then non-defaulting the Conforming Party shall have the right at its own discretion to select any of terminate this Agreement and/or to demand the following remedial measures:Defaulting Party to indemnify it for damage.

Appears in 2 contracts

Samples: Loan Agreement (The9 LTD), Loan Agreement (The9 LTD)

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Liability for Breach of Contract. 9.1 The Parties agree and confirm that, if the Shareholder any party (hereinafter the “Defaulting "DEFAULTING Party") breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “Default”"DEFAULT"), then the Company non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable period or within ten (10) days of non-defaulting Party’s 's notifying the Defaulting Party in writing and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

Appears in 2 contracts

Samples: Call Option Agreement (Focus Media Holding LTD), Call Option Agreement (Focus Media Holding LTD)

Liability for Breach of Contract. 9.1 11.1 The Parties agree and confirm that, if the Shareholder any Party (hereinafter the “Defaulting Party”) breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a “Default”), then the Company and any other Party not committing a Default (hereinafter a “Conforming Party”) shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such a reasonable period or within ten (10) days of non-defaulting Party’s notifying since the other Party notifies the Defaulting Party in writing and requiring requires it to rectify the Default, then non-defaulting the Conforming Party shall have the right at its own discretion to select any of terminate this Agreement and/or to demand the following remedial measures:Defaulting Party to indemnify it for damage.

Appears in 2 contracts

Samples: Loan Agreement (The9 LTD), Loan Agreement (The9 LTD)

Liability for Breach of Contract. 9.1 11.1 The Parties agree and confirm that, if the Shareholder any party (hereinafter the "Defaulting Party") breaches substantially any of the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a "Default"), then the Company non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable period or within ten (10) days of non-defaulting Party’s 's notifying the Defaulting Party in writing and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

Appears in 1 contract

Samples: T2CN Holding LTD

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