Common use of Change of Circumstance Clause in Contracts

Change of Circumstance. 9.1 As supplement to and without conflict with any other provision of the Transaction Agreements and this Agreement, if at any time any promulgation of or amendment to any PRC Laws, regulations or rules, or any change in the interpretation or application thereof, or any change in applicable registration procedures makes the Pledgee believe that maintaining the validity of this Agreement and/or disposal of the Pledged Equities in the manner prescribed in this Agreement becomes illegal or is in conflict with such laws, regulations or rules, the Pledgors shall effect internal procedures and obtain internal and external authorizations and approvals, in each case necessary to immediately take any actions and/or execute any agreements or other documents at the Pledgee’s written instructions and reasonable request, with the purpose of: (i) maintaining the validity of this Agreement; (ii) facilitating the disposal of the Pledged Equities in the manner prescribed under this Agreement; and/or (iii) maintaining or realizing the security interest created or purported to be created under this Agreement.

Change of Circumstance. 9.1 As supplement to and without conflict with any other provision of the Transaction Agreements and this Agreement, if at any time any promulgation of or amendment to any PRC Laws, regulations or rules, or any change in the interpretation or application thereof, or any change in applicable registration procedures makes the Pledgee believe that maintaining the validity of this Agreement and/or disposal of the Pledged Equities in the manner prescribed in this Agreement becomes illegal or is in conflict with such laws, regulations or rules, the Pledgors shall effect internal procedures and obtain internal and external authorizations and approvals, in each case necessary to immediately take any actions and/or execute any agreements or other documents at the Pledgee’s written instructions and reasonable request, with the purpose of: (i) maintaining the validity of this Agreement; (ii) facilitating the disposal of the Pledged Equities in the manner prescribed under this Agreement; and/or (iii) maintaining or realizing the security interest created or purported to be created under this Agreement.