Common use of Other payables Clause in Contracts

Other payables. If the “Supply Contract” is invalidated or revoked due to the reason not attributable to the Lessor, or the Lease Items cannot be delivered on the latest Lease Commencement Date, the Lessor and the Lessee shall negotiate a solution; if the negotiation fails, the Lessor or the Lessee has the right to cancel this Contract, and the ownership of the Lease Items that have been delivered shall be automatically transferred to the Lessee in an “As-Is” condition; the Lessor will not refund the Commission Fee, Grace Period Interest, Rent and other fees already charged by it, and shall have the right to require the Lessee to compensate the Lessor for all the losses suffered by the Lessor and pay the compensation, which shall include the sum of the following amount: 1) Late Penalty;

Other payables. If the “"Supply Contract” " is invalidated or revoked due to the reason not attributable to the Lessor, or the Lease Items cannot be delivered on the latest Lease Commencement Date, the Lessor and the Lessee shall negotiate a solution; if the negotiation fails, the Lessor or the Lessee has the right to cancel this Contract, and the ownership of the Lease Items that have been delivered shall be automatically transferred to the Lessee in an “"As-Is” " condition; the Lessor will not refund the Commission Fee, Grace Period Interest, Rent and other fees already charged by it, and shall have the right to require the Lessee to compensate the Lessor for all the losses suffered by the Lessor and pay the compensation, which shall include the sum of the following amount: 1) Late Penalty;