Common use of Assets Management Clause in Contracts

Assets Management. (1) Party A shall deliver the list of all its assets on December31, 2014(“Base Date”)to Party B, within 10 businessdays after the effective date of this Agreement and undertake it has no action adversely affecting such assets after the BaseDate and before the execution of this Agreement. Party B has the right to use such assets for the necessary operation scope. (2) Within the term of the entrusted operation, Party A shall not transfer the assets ofParty A or reduce their value, unless otherwise arising in the ordinary course ofbusiness of Party A and obtaining approval from Party B.

Appears in 3 contracts

Sources: Management Entrustment Agreement (Bison Petroleum, Corp.), Management Entrustment Agreement (Bison Petroleum, Corp.), Management Entrustment Agreement (Bison Petroleum, Corp.)

Assets Management. (1) Party A shall deliver the list of all its assets on December31December 31, 2014(“Base Date”)to 2014 (“Base Date”) to Party B, within 10 businessdays business days after the effective date of this Agreement and undertake it has no action adversely affecting such assets after the BaseDate Base Date and before the execution of this Agreement. Party B has the right to use such assets for the necessary operation scope. (2) Within the term of the entrusted operation, Party A shall not transfer the assets ofParty of Party A or reduce their value, unless otherwise arising in the ordinary course ofbusiness of business of Party A and obtaining approval from Party B.

Appears in 2 contracts

Sources: Management Entrustment Agreement (Bison Petroleum, Corp.), Management Entrustment Agreement (Bison Petroleum, Corp.)

Assets Management. (1) Party A shall deliver the list of all its assets on December31March 31, 2014(“Base Date”)to 2011 (“Base Date”) to Party B, within 10 businessdays 5 days after the effective date of this Agreement and undertake it has no action adversely affecting such assets after the BaseDate Base Date and before the execution of this Agreement. Party B has the right to use such assets for the necessary operation scope. (2) Within the term of the entrusted operation, Party A shall not transfer the assets ofParty of Party A or reduce their value, unless otherwise arising in the ordinary course ofbusiness of business of Party A and obtaining approval from Party B.

Appears in 2 contracts

Sources: Management Entrustment Agreement (UHF Inc), Management Entrustment Agreement (Target Acquisitions I, Inc.)

Assets Management. (1) Party A shall deliver the a list of all its assets on December31, 2014(“Base Date”)to the Effective Date of this Agreement (“Base Date”) to Party B, within 10 businessdays 5 days after the effective date of this Agreement and undertake it has no action adversely affecting such assets after the BaseDate Base Date and before the execution of this Agreement. Party B has the right to use such assets for the necessary operation scope.operations of Party A. (2) Within the term of the entrusted operation, Party A shall not transfer the assets ofParty of Party A or reduce their value, unless otherwise arising in the ordinary course ofbusiness of business of Party A and obtaining approval from Party B.

Appears in 1 contract

Sources: Management Entrustment Agreement (Adamant Dri Processing & Minerals Group)