Control of Subsidiaries. The Company shall institute and keep in place such arrangements such that the Company (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAP.
Appears in 2 contracts
Samples: Shareholder Agreement (NIO Inc.), Shareholders’ Agreement (NIO Inc.)
Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Board (with the affirmative votes including a majority of the Preferred Directors) such that the Company (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAPAccounting Standards.
Appears in 2 contracts
Samples: Shareholder Agreements, Shareholder Agreements (LightInTheBox Holding Co., Ltd.)
Control of Subsidiaries. The Company shall, and each Founder shall cause the Company to, institute and keep in place such arrangements as are reasonably satisfactory to the Preferred Majority such that the Company (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAPrelevant accounting standards.
Appears in 2 contracts
Samples: Shareholder Agreement (Lizhi Inc.), Shareholder Agreement (Lizhi Inc.)
Control of Subsidiaries. The Company shall, and each of the Founders and the Founder Holding Companies shall use reasonable best efforts to cause the Company to, institute and keep in place such arrangements as are reasonably satisfactory to the Majority Preferred Holders such that the Company (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAP.
Appears in 2 contracts
Samples: Shareholder Agreement (LAIX Inc.), Shareholder Agreement (LingoChamp Inc.)
Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Majority Investors and Ordinary Majority such that the Company (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAPAccounting Standards.
Appears in 2 contracts
Samples: Shareholder Agreements (Cloopen Group Holding LTD), Shareholder Agreements (Cloopen Group Holding LTD)
Control of Subsidiaries. The Company shall, and each Founder shall cause the Company to, institute and keep in place such arrangements as are reasonably satisfactory to the Majority Holders such that the Company (i) will at all times control Control the operations of and maintain relevant beneficial interests in each other Group Company, Company and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAPAccounting Standards.
Appears in 2 contracts
Samples: Shareholder Agreement (DouYu International Holdings LTD), Shareholder Agreement (DouYu International Holdings LTD)
Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Board such that the Company Company, to the extent reasonably practicable, (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAPAccounting Standards.
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Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Preferred Shareholders such that the Company (ia) will at all times control Control the operations of and maintain relevant beneficial interests in each other Group Company, and (iib) will at all times be permitted to properly consolidate the financial results for each other Group Company (including without limitation the VIE Entities of the Company) in the consolidated financial statements for the Company prepared under the US GAAPAccounting Principles.
Appears in 1 contract
Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Majority Shareholders such that the Company (i) will at all times control the operations of and maintain relevant beneficial interests in each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the US GAAPCompany.
Appears in 1 contract
Samples: Shareholder Agreement (Full Truck Alliance Co. Ltd.)