Common use of Liability for Breach of Contract Clause in Contracts

Liability for Breach of Contract. 1. If the parties can not continue the performance of this agreement due to either party’s breach, the breaching party shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this agreement. 2. If Party B fails to settle with Party A within the time limit as set forth herein, Party B shall pay a late penalty to Party A, calculated at the bank lending interest rate for such overdue period. The calculation shall be made according to the amount of the late payment and related period.

Appears in 80 contracts

Sources: Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Franchise Agreement (Ninetowns Internet Technology Group Co LTD)

Liability for Breach of Contract. 1. If the parties can not continue the performance of this agreement due to either party’s breach, the breaching party shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this agreement. 2. If Party B C fails to settle with Party A within the time limit as set forth herein, Party B C shall pay a late penalty to Party A, calculated at the bank lending interest rate for such overdue period. The calculation shall be made according to the amount of the late payment and related period.

Appears in 15 contracts

Sources: Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Franchise Agreement (Ninetowns Internet Technology Group Co LTD), Franchise Agreement (Ninetowns Internet Technology Group Co LTD)

Liability for Breach of Contract. 1. 12.1 If the parties can not continue the performance of any party violates this agreement due to either party’s breachAgreement, the breaching party shall take timely remedial measures and compensate the non-breaching party for the corresponding losses thus incurred. 12.2 Party B shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this agreement. 2. If Party B fails to settle with Party A Purchase Price within the time limit as set forth hereinspecified in the contract. If payment is delayed, Party B shall pay a late penalty to Party Abear an annual interest of 10%, calculated at the bank lending interest rate for such overdue period. The calculation which shall be made according to the amount of the late payment and related periodcalculated on a daily basis.

Appears in 1 contract

Sources: Equity Transfer Agreement (Tantech Holdings LTD)

Liability for Breach of Contract. 1. If In case of failure to pay the parties can not continue fees within the agreed period, Party A shall pay to Party B a penalty for overdue payment at the rate of 0.05% of the payables per day until the day of actual payment, Party B may suspend the performance of this agreement due to either party’s breach, the breaching party shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this agreementAgreement. 2. If Party B fails to settle with Party A within the time limit as set forth herein, Party B shall pay a late penalty to Party A, calculated at the bank lending interest rate for such overdue period. The calculation shall be made according to the amount of the late payment and related period.

Appears in 1 contract

Sources: Freight Forwarding Agency Agreement

Liability for Breach of Contract. 1. If Party A does not use the parties can not continue load according to the performance loan agreement, Party B is entitled to charge an additional 30% interest for the amount for the period of this agreement due to either party’s breach, the breaching party shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this agreement.contract (occupancy costs) 2. If Party B A fails to settle with Party A within repay the time limit as set forth hereinloan on due day, Party B shall pay a late penalty be entitled to Party A, calculated at charge an additional 30% interest for the bank lending interest rate overdue balance amount for such overdue period. The calculation shall be made according to the amount period of the late payment and related periodbreaching contract (occupancy costs).

Appears in 1 contract

Sources: Loan Agreement (Universal Solar Technology, Inc.)

Liability for Breach of Contract. 1. If the parties can not continue the performance of this agreement due to either party’s breach, the breaching party shall pay the other party liquidated damages equal to 10% of all amounts payable during the performance of this agreement. 2. If 4.1 Where Party B fails to settle with pay service fee to Party A within at the time limit as set forth hereinspecified in this Agreement, it shall pay liquidated damages to Party A. if such failure lasts for ten workdays or longer, Party B A may, to the extent being permitted by related laws, exercise all its rights under the equity pledge agreement signed between Party A and Party B. 4.2 In the event that Party A fails to perform this Agreement pursuant to the provisions of this Agreement, Party A shall pay a late penalty compensate the losses thus incurred to Party A, calculated at the bank lending interest rate for such overdue period. The calculation shall be made according to the amount of the late payment and related period.B.

Appears in 1 contract

Sources: Exclusive Technical Consulting and Service Agreement (Cgen Digital Media Co LTD)