Common use of Default Liabilities Clause in Contracts

Default Liabilities. 6.1 The Parties agree and acknowledge that, if any Party (hereinafter the “Defaulting Party”) commits material breach of any provision hereof, or materially fails to perform or delays in performing any obligation hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a “Default”), then any non-defaulting Party shall be entitled to demand 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 10 working days following the written notice issued by the non-defaulting Party and the rectification requirement, the non-defaulting Party shall be entitled to decide to, at its discretion:

Default Liabilities. 6.1 5.1 The Parties agree and acknowledge that, if any Party (hereinafter the “Defaulting Party”) commits material breach of any provision hereof, or materially fails to perform or delays in performing any obligation hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a “Default”), then any non-defaulting Party shall be entitled to demand 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 10 working days following the written notice issued by the non-defaulting Party and the rectification requirement, the non-defaulting Party shall be entitled to decide to, at its discretion:

Default Liabilities. 6.1 The Parties agree and acknowledge confirm that, if any Party (hereinafter the “Defaulting Party”) commits material breach breaches any of any provision hereofthe provisions herein, or materially fails to perform or delays in performing the performance of any obligation hereunderunder this Agreement, such breach or breach, failure or delay shall constitute a default under this Agreement (hereinafter a the “Default”), then any and the non-defaulting Party shall be (the “Non-defaulting Party”) is entitled to demand require the Defaulting Party to rectify such Default or take remedial measures within a reasonable periodperiod of time. If the Defaulting Party fails to rectify such Default or take any remedial measures within such reasonable period of time or within 10 working ten (10) days following upon receipt of the written notice issued by of the nonNon-defaulting Party, the Non-defaulting Party and the rectification requirement, the non-defaulting Party shall be is entitled to decide todecide, at its discretionsole discretion as follows:

Default Liabilities. 6.1 The Parties parties agree and acknowledge that, if any Party party (hereinafter the “Defaulting Party”) commits material breach breaches substantially any of any provision hereof, the provisions herein or materially fails substantially to perform or fails to perform or delays in performing on time any obligation of the obligations hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a the “Default”). In such events, then apart from enjoying other relevant rights provided by this Agreement, any nonof the other parties without default (the “Non-defaulting Party Party”) shall be entitled to demand 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 10 working ten (10) days following of receiving the written notice issued by of the nonNon-defaulting Party and thereof, then the rectification requirement, the nonNon-defaulting Parties have the rights to claim the Defaulting Party shall be entitled to decide to, at its discretion:indemnify the damages.

Default Liabilities. 6.1 10.1 The Parties agree and acknowledge that, if any Party (hereinafter the “Defaulting Party”) commits conducts any material breach of any provision hereofterm of this Agreement, or materially fails to perform or delays in performing any obligation of its obligations hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a “Default”), then any non-defaulting Party shall be entitled to demand 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 10 working 15 days following the written notice issued by the non-defaulting Party and the rectification requirement, the non-defaulting Party shall be entitled to decide to, at its discretion:

Default Liabilities. 6.1 The Parties agree and acknowledge that, if any Party (hereinafter the “Defaulting Party”) commits material breach breaches substantially any of any provision hereof, the provisions herein or materially fails substantially to perform or fails to perform or delays in performing on time any obligation of the obligations hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a the “Default”), then . In such events any nonof the other Parties without default (the “Non-defaulting Party Party”) shall be entitled to demand 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 10 working ten (10) days following of receiving the written notice issued by of the nonNon-defaulting Party and thereof, then the rectification requirement, the nonNon-defaulting Parties have the rights to claim the Defaulting Party shall be entitled to decide to, at its discretion:indemnify the damages.

Default Liabilities. 6.1 11.1 The Parties agree and acknowledge confirm that, if any Party (hereinafter the “Defaulting Party”) commits material breach breaches any of any provision hereofthe provisions herein, or materially fails to perform or delays in performing the performance of any obligation hereunderunder this Agreement in any material aspect, such breach or breach, failure or delay shall constitute a default under this Agreement (hereinafter a the “Default”), then any and the non-defaulting Party shall be (the “Non-defaulting Party”) is entitled to demand require the Defaulting Party to rectify such Default or take remedial measures within a reasonable periodperiod of time. If the Defaulting Party fails to rectify such Default or take any remedial measures within such reasonable period of time or within 10 working ten (10) days following upon receipt of the written notice issued by of the nonNon-defaulting Party, the Non-defaulting Party and the rectification requirement, the non-defaulting Party shall be is entitled to decide todecide, at its discretionsole discretion as follows:

Default Liabilities. 6.1 The Parties parties agree and acknowledge that, if any Party party (hereinafter the “Defaulting Party”) commits material breach breaches substantially any of any provision hereof, the provisions herein or materially fails substantially to perform or fails to perform or delays in performing on time any obligation of the obligations hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a the “Default”), then any non. In such events the other party without default (the “Non-defaulting Party Party”) shall be entitled to demand 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 10 working ten (10) days following of receiving the written notice issued by of the nonNon-defaulting Party and thereof, then the rectification requirement, the nonNon-defaulting Parties have the rights to claim the Defaulting Party shall be entitled to decide to, at its discretion:indemnify the damages.

Default Liabilities. 6.1 The Parties parties agree and acknowledge that, if any Party either party (hereinafter the “Defaulting Party”) commits material breach breaches substantially any of any provision hereof, the provisions herein or materially fails substantially to perform or fails to perform or delays in performing on time any obligation of the obligations hereunder, such breach or failure or delay shall constitute a default under this Agreement (hereinafter a the “Default”), then any non. In such events the other party without default (the “Non-defaulting Party Party”) shall be entitled to demand 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 10 working ten (10) days following of receiving the written notice issued by of the nonNon-defaulting Party and thereof, then the rectification requirement, the nonNon-defaulting Party shall be entitled have the rights to decide to, at its discretion:claim the Defaulting Party to indemnify the damages.