Assignment of Registered Capital. (a) A Party may sell, transfer, pledge, encumber or otherwise dispose of (each a “transfer”) all or any part of its interest in the registered capital of the Company to any third party only with the prior written consent of the other two Parties, the unanimous approval of the Board and the approval of the Examination and Approval Authority, and any transfer of an interest in the Company must not result in the Company or the ownership thereof to be in violation of the Applicable Laws in effect at the time of such transfer.
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Assignment of Registered Capital. (a) A Each Party may hereto undertakes to the other Party and to the Company that it shall not assign, sell, transfer, pledge, encumber transfer or otherwise dispose of (each a “transfer”) all or any part of its interest in the registered capital of the Company to any third party only with the prior written consent or its rights, obligations and benefits under this Contract unless (i) each of the other two PartiesParty hereto shall have consented in writing to such assignment, sale, transfer or disposition or (ii) 7 JOINT VENTURE CONTRACT such assignment, sale, transfer or disposition complies with the unanimous approval terms of the Board and the approval of the Examination and Approval Authority, and any transfer of an interest in the Company must not result in the Company or the ownership thereof to be in violation of the Applicable Laws in effect at the time of such transferthis Article 5.06.
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Assignment of Registered Capital. (a) A Each Party may hereto undertakes to the other Parties and to the Company that it shall not assign, sell, transfer, pledge, encumber transfer or otherwise dispose of (each a “transfer”) all or any part of its interest in the registered capital of the Company to any third party only with the prior written consent or its rights, obligations and benefits under this Contract unless (i) each of the other two PartiesParties hereto shall have consented in writing to such assignment, sale, transfer or disposition or (ii) such assignment, sale, transfer or disposition complies with the unanimous approval terms of the Board and the approval of the Examination and Approval Authority, and any transfer of an interest in the Company must not result in the Company or the ownership thereof to be in violation of the Applicable Laws in effect at the time of such transferthis Article 5.06.
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Assignment of Registered Capital. (a) A Each Party may hereto undertakes to the other Party and to the Company that it shall not assign, sell, transfer, pledge, encumber transfer or otherwise dispose of (each a “transfer”) all or any part of its interest in the registered capital of the Company to any third party only with the prior written consent or its rights, obligations and benefits under this Contract unless (i) each of the other two PartiesParty hereto shall have consented in writing to such assignment, sale, transfer or disposition or (ii) such assignment, sale, transfer or disposition complies with the unanimous approval terms of the Board and the approval of the Examination and Approval Authority, and any transfer of an interest in the Company must not result in the Company or the ownership thereof to be in violation of the Applicable Laws in effect at the time of such transferthis Article 5.06.
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