Conditions subsequent: SAFE Rules Sample Clauses

Conditions subsequent: SAFE Rules. (a) The Borrower shall, within 10 Business Days following the Closing Date, deliver the relevant SAFE Registration Certificate(s) with respect to the Target Group and those shareholders of the Target on behalf of whom the Target Group made registrations with SAFE under SAFE Circular 75 prior to the initial public offering of the Target (the “Designated Shareholders”) reflecting the direct or indirect shareholding in the Target owned or held by such Designated Shareholders as of December 31, 2013 or such later date as may be requested by SAFE. (b) The Borrower shall, within 60 days of the Closing Date, submit registration applications with SAFE, on behalf of the Target and the Designated Shareholders, regarding the change to the direct or indirect shareholding in the Target owned or held by the Designated Shareholders as a result of the Merger which shall reflect the direct or indirect shareholding in the Target owned or held by such Designated Shareholders as of the Closing Date. (c) The Borrower shall, within 90 days of the date of submission of the registration application referred to in paragraph (b) above, deliver to the Agent the SAFE Registration Certificate(s) with respect to the Target and the Designated Shareholders which shall reflect the direct or indirect shareholding in the Target owned or held by such Designated Shareholders as of the Closing Date. (d) As soon as practicable after the Closing Date, the Borrower shall use its commercially reasonable efforts to assist in the preparation of applications to SAFE by management members of the Target Group who are PRC Residents for the registration of their respective holdings of Equity Interests (whether directly or indirectly) in Holdco (to the extent of their ownership on or immediately following the Closing Date) in accordance with the requirements of SAFE Rules, including by promptly providing such management members with such information relating to the Target and its Subsidiaries as is required for such application, and assist such management members in completing such registration as soon as practicable after the Closing Date. For the purpose of this paragraph (j), “PRC Resident” has the meaning ascribed to it in the SAFE Rules, which is an individual who holds a resident identity card, a passport or other lawful identity certificate of the PRC, or an individual who has no legal identity of the PRC but habitually resides inside the PRC due to reasons of economic interests.