Common use of Control of Subsidiaries Clause in Contracts

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 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 in conformance with IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by the Board (including the affirmative votes or written approval of at least two (2) Investor Directors).

Appears in 2 contracts

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

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Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Board Investors such that the Company (i) will at all times control the operations of 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 in conformance with IFRS or under PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by the Board (including the affirmative votes or written approval of at least two (2) Investor Directors)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 Majority Preferred Holders such that the Company (i) will at all times control Control the operations of 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 in conformance with IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by under the Board (including the affirmative votes or written approval of at least two (2) Investor Directors)GAAP.

Appears in 1 contract

Samples: Shareholder Agreement (Meili Auto Holdings LTD)

Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Board Investors such that the Company (ia) will at all times control Control the operations of 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 in conformance with under IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by the Board (including the affirmative votes or written approval of at least two (2) Investor Directors)US GAAP.

Appears in 1 contract

Samples: Shareholders Agreement (Bitauto 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 Board Preferred Shareholders such that the Company (i) will at all times (i) control the operations of 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 in conformance with IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by under the Board (including the affirmative votes or written approval of at least two (2) Investor Directors)Accounting Standards.

Appears in 1 contract

Samples: Shareholder 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 Board Preferred Shareholders such that the Company (ia) will at all times control Control the operations of 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 in conformance with IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by the Board (including the affirmative votes or written approval of at least two (2) Investor Directors)under US GAAP.

Appears in 1 contract

Samples: Shareholder Agreement (Bitauto Holdings LTD)

Control of Subsidiaries. The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Board Majority Preferred Holders such that the Company (i) will at all times control the operations of 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 in conformance with IFRS or PRC GAAP or, subject to compliance with Section 8.1, any other standard approved by the Board (including the affirmative votes or written approval of at least two (2) Investor Directors)GAAP.

Appears in 1 contract

Samples: Shareholder Agreement (Agora, Inc.)

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