Liability of Default. Any Party shall be liable for all direct and indirect damages or losses arising from its breach of obligations under this Agreement.
Liability of Default. It constitutes default under this Agreement if either party make any false, misleading or untrue representations and/or violates any of its representations, warranties or covenants, or fails to perform any of its responsibilities or obligations hereunder as required herein. The default party shall, as requested by the other party, continue to perform its obligations, take remedial measures or pay to the non-default party the full and sufficient damages.
Liability of Default. If the Pledgor breaches any provision of this Agreement, the Pledgor constitutes a default. The Beneficiary is then entitled to require the Obligor to assume consequences in accordance with this Agreement, including realizing the Pledge under this Agreement. Any breaching Party shall indemnify the other Parties for all direct economic losses arising from its default.
Liability of Default. 4.1 The parties to the Agreement shall fully fulfill their obligations stipulated in the Agreement upon effectiveness of the Agreement. In case of any failure to perform the obligations under the Agreement or incomplete performance by any party, the defaulting party shall undertake default responsibility to the other party (“non-defaulting party”). This Agreement shall prevail, unless the parties agree otherwise.
Liability of Default. If the pledgor or Party C materially breaches any of the provisions made under this Agreement, the pledgee has the right to terminate this Agreement and/or require the pledgor or Party C to pay compensation of damages; This Section 10 shall not prejudice any other rights of the pledgee under this Agreement. If the pledgee violates any provision of this Agreement, the non-breaching party shall have the right to demand compensation of damages from the breaching party, but unless otherwise provided by law, neither the pledgor and/or Party C shall have any right to terminate or rescind this Agreement under any circumstances.
Liability of Default. It constitutes default under this Agreement if either party make any false, misleading or untrue representations and/or violates any of its representations, warranties or covenants, or fails to perform any of its responsibilities or obligations hereunder as required herein. The default party shall, as requested by the other party, continue to perform its obligations, take remedial measures or pay to the non-default party the full and sufficient damages. The Transferor shall not be subject to any liability of default in case of no transfer of any trademark containing “Netease” or the transfer is not approved for reason not attributed to the Transferor.
Liability of Default. 5.1 Except otherwise provided by this Agreement, if Party B fails to fully perform or suspends the performance of any of their obligations under this Agreement and fails to remedy such non-performance within 30 days after receiving notice of such breach from Party A, Party B will be deemed to be in breach of the terms of this Agreement.
Liability of Default. 9.1 That the Pledgors violate, or do not honor the Secured Obligations in a timely manner, or any event as described in clause 7.1 occurs shall be deemed as the Pledgors’ breach of this Agreement. The Pledgee may dispatch a notice of requesting the Pledgors to correct the breach action in a timely manner and take effective measures to eliminate the consequences of such breach and to compensate the Pledgee all the losses incurred from such breach.
Liability of Default. The Agreement shall have equal legal effects on both parties. If any party is in default of the obligations or representations and warranties hereunder (the “Default”), except for the exemptions provided by laws and regulations, the defaulting party shall pay the non-defaulting party damages in the amount of 10 percent of the Purchase Price (the “Damages”). In the event that the economic losses of the non-defaulting party caused by the Default are greater than the Damages, the defaulting party shall be liable for the difference between the actual losses and the Damages.
Liability of Default. After this Contract enters into force, both parties shall perform obligations herein, any party’s failure to perform all or part of which will result in according liability of default, and the violating party shall indemnify the other party all the loss arising therefrom.
