Liability of Breach. 9.1 If Party A fails to duly pay the Entrusted Management Services Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage per day equal to 0.03% of the unpaid Consideration which falls due; if any delay of payment amounts to ten (10) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
Appears in 4 contracts
Samples: Entrusted Management Service Agreement (XcelMobility Inc.), Entrusted Management Service Agreement (XcelMobility Inc.), Entrusted Management Service Agreement (XcelMobility Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Entrusted Management Technical Services Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount per day equal to 0.03% of the unpaid Consideration consideration which falls due; if any delay of payment amounts to ten (10ten(10) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
Appears in 3 contracts
Samples: Technical Services Agreement (XcelMobility Inc.), Technical Services Agreement (XcelMobility Inc.), Technical Services Agreement (XcelMobility Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Entrusted Consigned Management Services and Technology Service Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage per day equal to 0.03% of the unpaid Consideration which falls due; if any delay of payment amounts to ten sixty (1060) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.
Appears in 2 contracts
Samples: Management and Technology Service Agreement (NeoStem, Inc.), Management and Technology Service Agreement (NeoStem, Inc.)
Liability of Breach. 9.1 If Party A fails to duly pay the Entrusted Management Services Technology Service Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage damages per day equal to 0.03% of the unpaid Consideration which falls due; if any delay of payment amounts to ten sixty (1060) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
Appears in 2 contracts
Samples: Technology Service Agreement (Southern Sauce Company, Inc.), Technology Service Agreement (Forme Capital Inc)
Liability of Breach. 9.1 If Party A fails to duly pay the Entrusted Consigned Management Services Service Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage damages per day equal to 0.03% of the unpaid Consideration which falls due; if any delay of payment amounts to ten sixty (1060) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
Appears in 2 contracts
Samples: Consigned Management Service Agreement (Southern Sauce Company, Inc.), Consigned Management Service Agreement (Forme Capital Inc)
Liability of Breach. 9.1 If Party A fails to duly pay the Entrusted Management Technical Services Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage amount per day equal to 0.03% of the unpaid Consideration consideration which falls due; if any delay of payment amounts to ten (10ten(10) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreement.. Technical Service Agreement
Appears in 1 contract
Samples: Technical Services Agreement (Transit Management Holding Corp)
Liability of Breach. 9.1 If 9.1If Party A fails to duly pay the Entrusted Consigned Management Services Fee in accordance with the provisions of Article 3 hereunder, then Party A shall pay the liquidated damage per day equal to 0.03% of the unpaid Consideration which falls due; if any delay of payment amounts to ten sixty (1060) days, then Party B shall be entitled to exercise the right of pledge under the Equity Pledge Agreementequity pledge agreement.
Appears in 1 contract
Samples: Consigned Management Service Agreement (Aamaxan Transport Group, Inc.)
