Common use of Relief Measures Clause in Contracts

Relief Measures. 10.1 In case of the events of default listed in Article 9 of this Agreement, the Lender may take the following relief measures: (1) The Lender is entitled to declare that loans under this Agreement will be immediately matured in advance and part or all of the issued loans shall be withdrawn in advance. (2) If the Borrower fails to repay the principal and interest of the trust loans on schedule or use the loans for the purpose as agreed herein, a penalty of interests shall be calculated at an interest rate of 0.06% from the date of overdue or failure to use the loan as agreed herein according to the amount and period of default. (3) The Borrower is required to provide guarantee approved by the Lender in writing. (4) Exercise any security right. (5) Terminate the Agreement. (6) Other necessary measures. (7) If the Borrower violates the provisions of this Agreement and causes any loss to the Lender, even the Lender has taken the above relief measures, it is insufficient to compensate for all losses (including but not limited to all the principals of the loan, interest (including penalty), the expenses, litigation costs, attorneys' fees, etc. incurred by the Lender to exercise claims and subordinated rights), the Lender shall have the right to continue claims against the Borrower for the losses. 10.2 If the trust fails to be established, the Agreement shall be automatically terminated, and both parties shall not assume any liability for breach of contract, unless that the failure of the establishment of trust is due to the Borrower's violation of this Agreement.

Relief Measures. 10.1 11.1 In case of the events of default listed in Article 9 of this Agreement, the Lender may take the following relief measures: (1) The Lender is entitled to declare that loans under this Agreement will be immediately matured in advance and part or all of the issued loans shall be withdrawn in advance. (2) If the Borrower fails to repay the principal and interest of the trust loans on schedule or use the loans for the purpose as agreed herein, a penalty of interests shall be calculated at an interest rate of 0.06% from the date of overdue or failure to use the loan as agreed herein according to the amount and period of default. (3) The Borrower is required to provide guarantee approved by the Lender in writing. (4) Exercise any security right. (5) Terminate the Agreement. (6) Other necessary measures. (7) If the Borrower violates the provisions of this Agreement and causes any loss to the Lender, even the Lender has taken the above relief measures, it is insufficient to compensate for all losses (including but not limited to all the principals of the loan, interest (including penalty), the expenses, litigation costs, attorneys' fees, etc. incurred by the Lender to exercise claims and subordinated rights), the Lender shall have the right to continue claims against the Borrower for the losses. 10.2 11.2 If the lender fails to perform article10.2, the lender should compensate the borrower on this. 11.3 If the trust fails to be established, the Agreement shall be automatically terminated, and both parties shall not assume any liability for breach of contract, unless that the failure of the establishment of trust is due to the Borrower's violation of this Agreement.