Common use of Default Liabilities Clause in Contracts

Default Liabilities. 4.1 Any direct or indirect breach by either Party of any provision in this Agreement, or any failure of either Party to assume at all or to assume in time and in full any of its obligations under this Agreement shall constitute a default hereunder. In such case, the non-defaulting Party (the “Non-defaulting Party”) shall notify the defaulting Party (the “Defaulting Party”) in writing to cure its breach and take adequate, effective and timely measures to eliminate the effect of such breach and indemnify the Non-defaulting Party against any and all the losses caused by such breach.

Default Liabilities. 4.1 9.1 Any direct or indirect breach by either Party of any provision in this Agreement, or any failure of either Party to assume at all or to assume in time and in full any of its obligations under this Agreement shall constitute a default hereunder. In such case, the non-defaulting Party (the “Non-defaulting Party”) shall notify the defaulting Party (the “Defaulting Party”) in writing to cure its breach and take adequate, effective and timely measures to eliminate the effect of such breach and indemnify the Non-defaulting Party against any and all the losses caused by such breach.

Default Liabilities. 4.1 9.1 Any direct or indirect breach by either Party party of any provision in this Agreementagreement, or any failure of either Party party to assume at all or to assume in time and in full any of its obligations under this Agreement agreement shall constitute a default hereunder. In such case, the non-defaulting Party (the “Non-defaulting Party”) shall is entitled to notify the defaulting Party party (the “Defaulting Party”) in writing to cure its breach and take adequate, effective and timely measures to eliminate the effect of such breach and indemnify the Non-defaulting Party against any and all the losses caused by such breach.

Default Liabilities. 4.1 9.1 Any direct or indirect breach by either Party of any provision in this Agreement, or any failure of either Party to assume at all or to assume in time and in full any of its obligations under this Agreement shall constitute a default hereunder. In such case, the non-defaulting Party (the “Non-defaulting Party”) shall notify the defaulting Party (the “Defaulting Party”) in writing to cure rectify its breach and take adequate, effective and timely measures to eliminate the effect consequence of such breach and indemnify the Non-defaulting Party against any and all the losses caused by such breach.