Common use of Compliance with Laws; Consents Clause in Contracts

Compliance with Laws; Consents. Each Group Company is, and has been, in compliance with all applicable Laws in any material respect. Except as disclosed on Section 3.7 of the Disclosure Schedule, all Consents from the relevant Governmental Authority or other Person required in respect of the due and proper establishment and operations of each Group Company as now conducted (collectively, the “Required Consents”), have been duly obtained or completed in accordance with all applicable Laws, except for any Consent, the failure to have which would not be material to any Group Company. No Required Consent contains any materially burdensome restrictions or conditions, and each Required Consent is in full force and effect and will remain in full force and effect upon the consummation of the transactions contemplated hereby. None of the Group Companies is in default in any material respect under any Required Consent. No Group Company is in receipt of any letter or notice from any relevant authority notifying revocation of any material Required Consent issued to it for non-compliance or the need for compliance or remedial actions in respect of the activities carried out directly or indirectly by it. In respect of any material Required Consent requisite for the conduct of any part of the business of the Domestic Companies which are subject to periodic renewal, none of the Warrantors has any reason to believe that such requisite renewals will not be granted by the relevant PRC Governmental Authorities.