Covenants of Party C. 2.1.1 Without the written consent of Party A or Recon-JN, Party C will not supplement, amend, or modify any provisions of the constitutional documents of Party C and will not increase or reduce its registered capital or change the equity holding structures in any other way. 2.1.2 Party C shall remain legally existing and in good standing and will prudently and efficiently operate its business and deal with corporate affairs in accordance with commercial standards and practice. 2.1.3 Without the prior written consent of Party A or Recon-JN, Party C shall not sell, transfer, mortgage or dispose of any assets, business or beneficial rights of Party C, or allow any creation of another security interest or other encumbrance upon its assets. 2.1.4 Without the prior written consent of Party A or Recon-JN, Party C shall not incur, inherit, or guarantee any debts except for (i) debt incured during the course of normal business operations (excluding business loans); and (ii) the debt that has been previously disclosed to Party A and to which Party A has provided prior written consent. 2.1.5 Party C shall operate its business normally to maintain the value of its assets, and shall not take any action which shall bring any materially adverse influence upon the business operation or the value of the assets. 2.1.6 Without the prior written consent of Party A or Recon-JN, Party C shall not enter into any material agreement except in the normal course of business. (For the purpose of this paragraph, an agreement covering an amount in excess of RMB100,000 will be considered a material agreement). 2.1.7 Without the prior written consent of Party A or Recon-JN, Party C shall not provide any loans or credit to any third party. 2.1.8 At Party A’s request, Party C shall provide Party A with any materials relating to the business operation and financial status of Party C. 2.1.9 Party C shall purchase insurance from an insurance company acceptable to Party A and shall maintain such insurance. The amount and kinds of such insurance shall be similar to insurance carried by other companies which operate similar businesses and possess similar assets. 2.1.10 Without the prior written consent of Party A or Recon-JN, Party C shall not merge with, combine with, make investment in, or purchase the equity or substantially all the assests of any other entity. 2.1.11 Within 24 hours after receiving notice or becoming aware thereof, Party C shall inform Party A of any actual or potential litigation, arbitration, or administrative procedure in relation to the Equity Interest. 2.1.12 In order to keep the ownership of all assets, Party C shall execute all necessary or proper documents, take all necessary or proper actions, substitute all necessary or proper claims, and make all necessary or proper answers to all compensation claims. 2.1.13 Without the prior written consent of Party A, Party C shall not allot any dividend to any shareholder. However, Party C shall immediately allot all dividends to the shareholders upon the request of Party A.
Appears in 10 contracts
Samples: Exclusive Equity Interest Purchase Agreement, Exclusive Equity Interest Purchase Agreement (Recon Technology, LTD), Exclusive Equity Interest Purchase Agreement (Recon Technology, LTD)
Covenants of Party C. 2.1.1 Without the prior written consent of Party A or Recon-JNA, Party C will not supplement, amend, or modify any provisions of the constitutional charter and organizational documents of Party C and will not increase or reduce its registered capital or change the equity holding structures in any other way.
2.1.2 Party C shall remain legally existing and existing, in good standing and standing, will prudently and efficiently operate its business and deal with corporate affairs in accordance with commercial standards and practice.
2.1.3 Without the prior written consent of Party A or Recon-JNA, Party C shall not sell, transfer, mortgage or dispose of any assets, business or beneficial rights of Party C, or allow any creation of another security interest or other encumbrance upon its assets.
2.1.4 Without the prior written consent of Party A or Recon-JNA, Party C shall not incur, inherit, or guarantee any debts except for (i) debt incured incurred during the course of normal business operations (excluding business loans); and (ii) the debt that has been previously disclosed to Party A and to which Party A has provided prior written consent.
2.1.5 Party C shall operate its business normally to maintain the value of its assets, and shall not take any action which shall bring any materially adverse influence upon the business operation or the value of the assets.
2.1.6 Without the prior written consent of Party A or Recon-JNA, Party C shall not enter into any material agreement except in the normal course of business. (For the purpose of this paragraph, an agreement covering an amount in excess of RMB100,000 RMB 100,000 will be considered a material agreement).
2.1.7 Without the prior written consent of Party A or Recon-JNA, Party C shall not provide any loans or credit to any third party.
2.1.8 At Party A’s request, Party C shall provide Party A with any materials relating to the business operation and financial status of Party C.
2.1.9 Party C shall purchase insurance from an insurance company acceptable to Party A and shall maintain such insurance. The amount and kinds of such insurance shall be similar to insurance carried by other companies which operate similar businesses and possess similar assets.
2.1.10 Without the prior written consent of Party A or Recon-JNA, Party C shall not merge with, combine with, make investment in, or purchase the equity or substantially all the assests assets of any other entity.
2.1.11 Within 24 hours after receiving notice or becoming aware thereof, Party C shall inform Party A of any actual or potential litigation, arbitration, or administrative procedure in relation to the Equity Interest.
2.1.12 In order to keep the ownership of all assets, Party C shall execute all necessary or proper documents, take all necessary or proper actions, substitute all necessary or proper claims, and make all necessary or proper answers to all compensation claims.
2.1.13 Without the prior written consent of Party A, Party C shall not allot any dividend to any shareholder. However, Party C shall immediately allot all dividends to the shareholders upon the request of Party A.
Appears in 3 contracts
Samples: Exclusive Equity Interest Purchase Agreement (Grand Farm Inc.), Exclusive Equity Interest Purchase Agreement (Grand Farm Inc.), Exclusive Equity Interest Purchase Agreement (Kurrant Food Enterprises, Inc.)
Covenants of Party C. 2.1.1 Without the written consent of Party A or Recon-JNA, Party C will not supplement, amend, or modify any provisions of the constitutional documents of Party C and will not increase or reduce its registered capital or change the equity holding structures in any other way.
2.1.2 Party C shall remain legally existing and existing, in good standing and standing, will prudently and efficiently operate its business and deal with corporate affairs in accordance with commercial standards and practice.
2.1.3 Without the prior written consent of Party A or Recon-JNA, Party C shall not sell, transfer, mortgage or dispose of any assets, business or beneficial rights of Party C, or allow any creation of another security interest or other encumbrance upon its assets.
2.1.4 Without the prior written consent of Party A or Recon-JNA, Party C shall not incur, inherit, or guarantee any debts except for (i) debt incured incurred during the course of normal business operations (excluding business loans); and (ii) the debt that has been previously disclosed to Party A and to which Party A has provided prior written consent.
2.1.5 Party C shall operate its business normally to maintain the value of its assets, and shall not take any action which shall bring any materially adverse influence upon the business operation or the value of the assets.
2.1.6 Without the prior written consent of Party A or Recon-JNA, Party C shall not enter into any material agreement except in the normal course of business. (For the purpose of this paragraph, an agreement covering an amount in excess of RMB100,000 will be considered a material agreement).
2.1.7 Without the prior written consent of Party A or Recon-JNA, Party C shall not provide any loans or credit to any third party.
2.1.8 At Party A’s request, Party C shall provide Party A with any materials relating to the business operation and financial status of Party C.
2.1.9 Party C shall purchase insurance from an insurance company acceptable to Party A and shall maintain such insurance. The amount and kinds of such insurance shall be similar to insurance carried by other companies which operate similar businesses and possess similar assets.
2.1.10 Without the prior written consent of Party A or Recon-JNA, Party C shall not merge with, combine with, make investment in, or purchase the equity or substantially all the assests assets of any other entity.
2.1.11 Within 24 hours after receiving notice or becoming aware thereof, Party C shall inform Party A of any actual or potential litigation, arbitration, or administrative procedure in relation to the Equity Interest.
2.1.12 In order to keep the ownership of all assets, Party C shall execute all necessary or proper documents, take all necessary or proper actions, substitute all necessary or proper claims, and make all necessary or proper answers to all compensation claims.
2.1.13 Without the prior written consent of Party A, Party C shall not allot any dividend to any shareholder. However, Party C shall immediately allot all dividends to the shareholders upon the request of Party A.
Appears in 2 contracts
Samples: Exclusive Equity Interest Purchase Agreement (Metha Energy Solutions Inc.), Exclusive Equity Interest Purchase Agreement (Metha Energy Solutions Inc.)
Covenants of Party C. 2.1.1 Without the written consent of Party A or Recon-JNA, Party C will not supplement, amend, or modify any provisions of the constitutional documents of Party C and will not increase or reduce its registered capital or change the equity holding structures in any other way.
2.1.2 Party C shall remain legally existing and existing, in good standing and standing, will prudently and efficiently operate its business and deal with corporate affairs in accordance with commercial standards and practice.
2.1.3 Without the prior written consent of Party A or Recon-JNA, Party C shall not sell, transfer, mortgage or dispose of any assets, business or beneficial rights of Party C, or allow any creation of another security interest or other encumbrance upon its assets.
2.1.4 Without the prior written consent of Party A or Recon-JNA, Party C shall not incur, inherit, or guarantee any debts except for (i) debt incured during the course of normal business operations (excluding business loans); and (ii) the debt that has been previously disclosed to Party A and to which Party A has provided prior written consent.
2.1.5 Party C shall operate its business normally to maintain the value of its assets, and shall not take any action which shall bring any materially adverse influence upon the business operation or the value of the assets.
2.1.6 Without the prior written consent of Party A or Recon-JNA, Party C shall not enter into any material agreement except in the normal course of business. (For the purpose of this paragraph, an agreement covering an amount in excess of RMB100,000 will be considered a material agreement).
2.1.7 Without the prior written consent of Party A or Recon-JNA, Party C shall not provide any loans or credit to any third party.
2.1.8 At Party A’s request, Party C shall provide Party A with any materials relating to the business operation and financial status of Party C.
2.1.9 Party C shall purchase insurance from an insurance company acceptable to Party A and shall maintain such insurance. The amount and kinds of such insurance shall be similar to insurance carried by other companies which operate similar businesses and possess similar assets.
2.1.10 Without the prior written consent of Party A or Recon-JNA, Party C shall not merge with, combine with, make investment in, or purchase the equity or substantially all the assests assets of any other entity.
2.1.11 Within 24 hours after receiving notice or becoming aware thereof, Party C shall inform Party A of any actual or potential litigation, arbitration, or administrative procedure in relation to the Equity Interest.
2.1.12 In order to keep the ownership of all assets, Party C shall execute all necessary or proper documents, take all necessary or proper actions, substitute all necessary or proper claims, and make all necessary or proper answers to all compensation claims.
2.1.13 Without the prior written consent of Party A, Party C shall not allot any dividend to any shareholder. However, Party C shall immediately allot all dividends to the shareholders upon the request of Party A.
Appears in 1 contract
Samples: Exclusive Equity Interest Purchase Agreement (Zheng Hui Industry Corp.)
