AIC Change Registration Clause Samples
The AIC Change Registration clause establishes the process by which any changes to the Agreement on International Cooperation (AIC) must be formally recorded and acknowledged by the parties involved. Typically, this clause requires that all amendments or modifications be documented in writing and registered with a designated authority or within a specific system to ensure traceability. By mandating official registration of changes, the clause ensures that all parties are aware of and agree to modifications, thereby preventing disputes over unauthorized or unrecorded alterations and maintaining the integrity of the agreement.
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AIC Change Registration. The Original Shareholders having submitted to the competent AIC the executed AIC Equity Transfer Agreement as set forth in Exhibit 1 and the application documents for changing the directors, managers, supervisors and legal representative of Qianjun as required by the Buyer, having completed the AIC change registration and filing procedures for the said equity transfer and related matters, and having provided the Buyer with relevant proving documents;
AIC Change Registration. Following the Closing Date, the Target Company shall, and the Transferor shall cause the Target Company to, within thirty (30) days of receipt of the Transferee’s instructions, complete any AIC change registration with respect to the Transaction with competent Administration for Market Regulation as per the Transferee’s instructions and obtain a new business license issued by such Administration for Market Regulation. The AIC change registration shall reflect: (i) the holding of 100% of the Target Company’s equity by the Transferee or its designated Affiliate upon such AIC change; (ii) the filing and registration of the New Articles of Association; and (iii) the filing and registration of the Removal of Original Key Personnel of the Target Company and of the Appointment of New Key Personnel. In effecting the AIC change registration with competent Administration for Market Regulation with respect to the Transaction under the Transaction Documents, the Promisors shall provide and/or execute all such documents as may be necessary for such AIC change registration (the “AIC Registration Documents”). The Parties hereby acknowledge that the substantive provisions of the AIC Registration Documents shall keep consistent with this Agreement, provided that this Agreement shall prevail in case of any conflict with the AIC Registration Documents. The Parties further acknowledge that, to the extent that the Transferee designates any of its Affiliates to hold 100% of the Target Company’s equity, the completion of the said AIC change registration by the Target Company is conditional upon the execution of a written supplemental agreement by the Parties with respect to such change in form and substance satisfactory to the Parties.