Common use of Commitments and Guarantees Clause in Contracts

Commitments and Guarantees. 1. Party A guarantees that it has the legal qualification to engage in data promotion and the authority to sign the Agreement. Party B agrees that if Party A’s business scope or main business changes or there are other reasonable reasons, Party A has the right to transfer all its rights and obligations that have not been fulfilled under the Agreement to Party A’s affiliates at any time without affecting Party B’s rights and obligations, but Party A shall notify Party B in writing. “Party A’s affiliate” refers to any enterprise that controls Party A or is controlled by Party A or is jointly controlled by the same entity with Party A. “Control” means the direct or indirect ownership of more than fifty percent (50%) of the equity, voting rights, or management rights of an enterprise.

Commitments and Guarantees. 10. Party Xxxxx A guarantees that it has the legal qualification to engage in data promotion and the authority to sign the Agreement. Party B agrees that if Party A’s business scope or main changes, primary business changes or there are other reasonable reasons, Party A has the right to transfer all its outstanding rights and obligations that have not been fulfilled under the Agreement hereunder to Party A’s affiliates its affiliated companies at any time without affecting Party B’s rights and obligations, but provided that Party A shall notify Party B in writing. “Party A’s affiliateaffiliated companies” refers to means any enterprise that controls Party A or is controlled by Party A A, or is jointly controlled by the same entity with Party A. “Control” means the direct or indirect ownership of more than fifty percent (50%) of the equity, voting rights, rights or management rights of an the enterprise.