Violation Liabilities. 1. In case of failing to pay Party A rent in due time, Party B shall pay Party A liquidated damages which are 0.3% of the total payables for each day overdue. If Party B delays in paying Party A rent for at least 15 days, Party A is entitled to terminate this Contract, take back this Premise, ask Party B to pay the fees owed and liquidated damages arising therefrom and will not refund the rent for the rest term of lease. 2. Party B is seen as a breach of this Contract if subleasing this Premise to a third party without Party A’s written consent. In such case, Party A is entitled to terminate this Contract unilaterally, take back this Premise and will not refund the rent for the rest term of lease. 3. Where Party B goes against the property management systems, Party A or the property management company of this Premise is entitled to stop Party B’s illegal behaviors and ask it to make rectification, recover the damaged part to the original status and compensate the loss within a time limit; Party B shall also bear all the legal liabilities arising therefrom. 4. If Party A terminate this Contract unilaterally with no just cause or Party B moves out of this Premise due to Party A’s cause within the term of lease, Party A shall pay Party B liquidated damages which are 10% of the total contract price and refund Party B the rent for the rest term of lease and deposit. 5. If either party refuses to perform the contractual obligations stated herein or violates the contents of the terms, causing any loss to the counterparty or the prior termination of this Contract, the default party shall bear the observant party’s entire economic losses and legal responsibilities. 6. Party A is seen as a breach of this Contract, if a third party claims right against Party B or hinders Party B from using this Premise. In such case, Party B is entitled to terminate this Contract, and Party A shall pay Party B liquidated damages which are 10% of the total contract price. 7. Party A shall assist Party B in dealing with company registration. If Party A refuses to offer assistance within three working days after receiving Party B’s written notice, Party A is seen as a breach of this Contract. Party B can charge liquidated damages which are ▇▇▇ ▇▇▇ for each day overdue from Party A. If Party A fails to offer assistance for more than five working days overdue, Party B is entitled to terminate this Contract and ask Party A to pay liquidated damages which are 10% of the total contract price. If the liquidated damages cannot compensate Party B’s loss, Party B can ask Party A for further compensation. 8. If the observant party files a lawsuit against the default party, all the relevant fees arising therefrom, such as legal fare, attorney fees and preservation fees, shall be borne by the default party.
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Violation Liabilities. 1. In case Party B shall be liable for any economic losses that result from any criminal offense or illegal act of failing Party B or suspension of driver’s license due to pay drunk driving, intoxicated driving, drugged driving, traffic casualties and escaping, major traffic accidents. If Party A rent in suffers any economic loss therefrom, it can ask Party B to make full compensation and may terminate this Agreement. Should Party A decide to terminate this Agreement, it may request for remedies due timeto Party B’s breach of contract as per Paragraph 3 hereof.
2. Without Party A’s written consent, Party B shall not transfer the automobile to a third party; otherwise, Party A has the right to terminate this Agreement. Should Party A decide to terminate this Agreement, it may request for remedy for Party B’s breach of contract as per Paragraph 3 hereof.
3. When Party A terminates this Agreement pursuant to laws or this Agreement due to Party B’s breach of contract, or Party B terminates this Agreement unilaterally without right of statutory rescission or right of rescission herein, Party B shall pay Party A liquidated damages which are 0.3% of the total payables for each day overdue. If Party B delays in paying Party A rent for at least 15 days, Party A is entitled to terminate this Contract, take back this Premise, ask Party B to pay unpaid affiliation service fees within the fees owed and liquidated damages arising therefrom and will not refund the rent for the rest term of lease.
2. Party B is seen as a breach of this Contract if subleasing this Premise to a third party without Party A’s written consentAgreement in lump sum (calculation formula: total affiliation service fees - fees that have been paid) and other payables. In such caseaddition, Party A is entitled to terminate this Contract unilaterally, take back this Premise and will not refund the rent for the rest term of lease.
3. Where Party B goes against the property management systems, Party A or the property management company of this Premise is entitled to stop Party B’s illegal behaviors and ask it to make rectification, recover the damaged part to the original status and compensate the loss within a time limit; Party B shall also bear all the legal liabilities arising therefrom.
4. If Party A terminate this Contract unilaterally with no just cause or Party B moves out of this Premise due to Party A’s cause within the term of lease, Party A shall pay Party B liquidated damages which are 10% of the total contract price and refund Party B the rent for the rest term of lease and deposit.
5. If either party refuses to perform the contractual obligations stated herein or violates the contents of the terms, causing any loss to the counterparty or the prior termination of this Contract, the default party shall bear the observant party’s entire economic losses and legal responsibilities.
6. Party A is seen as a breach of this Contract, if a third party claims right against Party B or hinders Party B from using this Premise. In such case, Party B is entitled to terminate this Contract, and Party A shall pay Party B liquidated damages which are 10% of the total contract price.
7. Party A shall assist Party B in dealing with company registration. If Party A refuses to offer assistance within three working days after receiving Party B’s written notice, Party A is seen as a breach of this Contract. Party B can charge liquidated damages which are ▇▇▇ ▇▇▇ for each day overdue from Party A. If Party A fails to offer assistance for more than five working days overdue, Party B is entitled to terminate this Contract and ask Party A to pay liquidated damages which are 10% of the total contract priceRMB 8,000 (RMB EIGHT THOUSAND Only). If the liquidated damages cannot compensate Party BA’s lossloss thus caused, Party B can ask Party A for shall make further compensation.
84. Where Party B is unable to repay or stop repaying the principal and interests of the Lender’s loan due to its own cause, he/she shall inform Party A, deliver the automobile to Party A and sign an agreement on automobile return. If Party B cannot make delivery of automobile due to its own cause, Party A has the observant party files a lawsuit against right to collect the default partyautomobile directly. Upon receipt of the automobile, all Party A can dispose it and offset the loss with the income acquired through disposal.
5. If Party B breaches this Agreement, Party A has the right to request Party B to compensate the relevant fees arising therefromcost caused by Party B’s breach, such as including but not limited to, loss payment, investigation fees, attorney’s fees, identification fees, traveling expenses, legal farefees, attorney fees and enforcement fees, announcement fees, preservation fees, shall be borne property disposal costs, ownership transfer fees, penalty of traffic violation, liquidated damages and other fees paid by the default party.realizing creditor’s rights. The total affiliation service fees as stipulated in this Agreement are RMB (RMB Only)
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Sources: Automobile Affiliation Agreement (Senmiao Technology LTD)