Common use of Control of Subsidiaries Clause in Contracts

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: Shareholders Agreement (NIO Inc.), Shareholders Agreement (NIO Inc.)

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Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Investors 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 PRC GAAP.

Appears in 2 contracts

Samples: Investors Rights Agreement, Investors Rights Agreement (China Techfaith Wireless Communication Technology 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 (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 in conformance with IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by the US GAAPBoard (including the affirmative votes or written approval of at least two (2) Investor Directors).

Appears in 2 contracts

Samples: Shareholders Agreement (Gracell Biotechnologies Inc.), Shareholders Agreement (Gracell Biotechnologies Inc.)

Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Investors 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: Shareholders Agreement (Dada Nexus LTD), Sixth Amended and Restated Shareholders Agreement (Dada Nexus LTD)

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 GAAP.

Appears in 1 contract

Samples: Shareholders Agreement (Bitauto Holdings LTD)

Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Investors 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 IFRS or US GAAP.

Appears in 1 contract

Samples: Shareholders’ Agreement (Bitauto Holdings LTD)

Control of Subsidiaries. The Company shall 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 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 1 contract

Samples: Shareholders Agreement (Meili Auto Holdings LTD)

Control of Subsidiaries. The Company shall use its best commercial efforts to institute and keep in place such arrangements as are reasonably satisfactory to the Preferred Shareholders such that the Company (i) will at all times (i) 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 Financial Statements for the Company prepared under the US GAAPAccounting Standards.

Appears in 1 contract

Samples: Amended and Restated Shareholders Agreement (Li Auto Inc.)

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Control of Subsidiaries. The Company shall 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 statements for each other Group Company in accordance with the consolidated financial statements for the Company prepared under the US GAAP.

Appears in 1 contract

Samples: Amended and Restated Shareholders Agreement (Agora, Inc.)

Control of Subsidiaries. (a) The Company shall at any time institute and shall keep in place such arrangements reasonably satisfactory to the Board (including all Investor 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 any direct or indirect Subsidiary of the Company (including without limitation the PRC Companies) in the consolidated financial statements for the Company prepared under the US IFRS or U.S. GAAP.

Appears in 1 contract

Samples: Shareholders Agreement (TuanChe 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.

Appears in 1 contract

Samples: Shareholders Agreement (Futu Holdings LTD)

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: Shareholders’ Agreement (Full Truck Alliance Co. Ltd.)

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