Liabilities for Breach of the Contract. 1. In case Party A does not utilize the loan s agreed upon, Party B has the right to charge interest by a daily rate of __ to the sum during the period of breach.
Liabilities for Breach of the Contract. 1. In case Party A does not utilize the loan s agreed upon, Party B has the right to charge interest by a daily rate of 0.05% to the sum during the period of breach. 2. The party of the loan Party A does not repay on time is regarded as overdue loan , Party B has the right to charge interest by a daily rate of 0.021% during the overdue period. In case Party A is able to repay the loan but transfers the capital on purpose to avoid repaying, Party B has the right to impose joint loan sanctions, and charge interest by a daily rate of 0.05% to the sum during the overdue period 3. In case Party A arbitrarily change the system of the enterprise violating stipulations of ARTICLE 11 under the contract which results in the falling through of the obligatory right of the loan and loss of capital, Party B has the right to withhold part or all of the loan, and charge a fine of 30% of the sum borrowed. 4. In case Party A violates stipulations of ARTICLE 15 under the contract, Party B has the right to charge a fine of 30% of the sum borrowed. 5. Within the period of validity, in any one case of the following, Party B has the right to stop granting the loan, withhold the capital and interest of the loan or deal with the mortgage in advance, and to directly deduct from the account of Party A:
Liabilities for Breach of the Contract. Article 30 The Grantee shall pay the grant fee of the state-owned construction land use right on time according to the provisions herein. In case the Grantee fails to pay on time the grant fee of the state-owned construction land use right, as from the overdue date, the Grantee shall pay to the Grantor a penalty of 0.1% of the overdue amount per delayed day. If the Grantee is delinquent in paying the grant fee of the state-owned construction land use right for a period of more than 60 days, and upon the Grantor’s demand for payment, still fails to pay the grant fee of the state-owned construction land use right, the Grantor has the right to terminate this Contract, and the Grantee has no right to demand the Grantor to refund the advance deposit. The Grantor may claim damages from the Grantee.
Liabilities for Breach of the Contract. Article 30 The Assignee shall pay in due time the assignment charge of the state-owned construction land use right according to the terms of this contract. In case the Assignee fails to pay on schedule the assignment charge of the state-owned construction land use right, the daily penalty to the Assignee is to pay to the Assignor 1 ‰ of the deferred payment starting from the first day after exceeding the time limit. In case the Assignee fails to pay the assignment charge of the state-owned construction land use right after 60 days, and neglects the Assignor’s urges for payment, the Assignor has the right to terminate this contract, and the Assignee has no right to request the Assignor to refund the advance deposit. The Assignor may claim damages to the Assignee.
Liabilities for Breach of the Contract. 1 If, after the Contract takes effect, the Creditor fails to perform the agreed obligations, it shall indemnify the Guarantor from any losses arise therefrom.
Liabilities for Breach of the Contract. I. The Borrower shall constitute a breach if any of the following occurs:
Liabilities for Breach of the Contract. 9.1 Should one party hereto fail to fulfill or violate the statements, guarantees, undertakings, agreement, liabilities or obligations it makes or promises in the Agreement, the party shall compensate to other parties hereto (“the parties compensated”) and undertakes to prevent the parties compensated from any and all damage, loss, claim, liabilities, requirement, accusation, litigation, penalty, cost and expenses incurred from the above said behaviors.
Liabilities for Breach of the Contract. 8.1 If the Borrower uses the Loan for any purpose other than that stipulated in this Contract, it shall assume all the risks and liabilities incurred thereby with respect to the Loan fund, and the Lender shall be entitled to stop the Loan, collect all or part of the extended Loan and calculate and collect the penalty interest of the Loan used in breach of the Contract at the rate of thirty percent over the interest rate agreed in this Contract for the period from the date the Borrower uses the Loan in breach of the Contract till the date of repayment of the principal and interest in full.
Liabilities for Breach of the Contract. 13.1 Liquidated Damages Early termination of this contract by either party will cause compensation to the other party, unless otherwise specified herein. A corresponding amount of will be paid to the other party as penalty. The amount will be calculated in accordance with the remaining months of the contract (in the case of less than one month, it will be counted as one month). How to calculate the liquidated damages: Average month salary for the early 12 months before contract termination×3×months to be early terminated.
Liabilities for Breach of the Contract. Article 46 Should all or part of the contract be unable to be fulfilled owing to the fault of one Party, the breaching Party shall bear the responsibilities thus caused. Should it be the fault of both parties, they shall bear their responsibilities according to actual situation.
