Common use of Liability for Default Clause in Contracts

Liability for Default. 6.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable for compensation of all losses of other parties.

Appears in 6 contracts

Samples: Exclusive Call Option Agreement (iHuman Inc.), Exclusive Call Option Agreement (Puxin LTD), Exclusive Call Option Agreement (iHuman Inc.)

AutoNDA by SimpleDocs

Liability for Default. 6.1 9.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable in full for compensation of all losses of other partiesParty’s actual economic losses; this Article 9 shall not hinder Party A from any other rights under this Agreement.

Appears in 6 contracts

Samples: Equity Pledge Agreement (Puxin LTD), Equity Interest Pledge Agreement (GSX Techedu Inc.), Equity Pledge Agreement (iHuman Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.