Common use of Continued Effectiveness of Authorization and Entrustment Clause in Contracts

Continued Effectiveness of Authorization and Entrustment. 1. The Trustor irrevocably agrees that the authorizations and entrustments contained in this Agreement, including but not limited to section 2 and 3 of this Agreement, shall not be invalidated, revoked, impaired or undergone other similar adverse changes due to the increase, decrease, merger and other similar events of the Trustor’s equity interest in the Target Company.

Appears in 6 contracts

Samples: Shareholder Rights Entrustment Agreement (Meten EdtechX Education Group Ltd.), Shareholder Rights Entrustment Agreement (Meten EdtechX Education Group Ltd.), Shareholder Rights Entrustment Agreement (Meten International Education Group)

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Continued Effectiveness of Authorization and Entrustment. 1. The Trustor irrevocably agrees that the authorizations and entrustments contained in this Agreement, including but not limited to section 2 Article II and 3 III of this Agreement, shall not be invalidated, revoked, impaired or undergone other similar adverse changes due to the increase, decrease, merger and other similar events of the Trustor’s equity interest in the Target Company.

Appears in 4 contracts

Samples: Proxy Agreement for Shareholders (Lixiang Education Holding Co. Ltd.), Proxy Agreement (Lixiang Education Holding Co . LTD), Proxy Agreement (Lixiang Education Holding Co . LTD)

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Continued Effectiveness of Authorization and Entrustment. 1. The Trustor and the Trustor’s Shareholders irrevocably agrees that the authorizations and entrustments contained in this Agreement, including but not limited to section 2 Article II and 3 III of this Agreement, shall not be invalidated, revoked, impaired or undergone other similar adverse changes due to the increase, decrease, merger and other similar events of the Trustor’s equity interest in the Target CompanyCompany/ the Trustor’s Shareholders’ equity interest in the Trustor.

Appears in 1 contract

Samples: Lixiang Education Holding Co. Ltd.

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