Common use of Current Reports Clause in Contracts

Current Reports. Party B shall submit written reports to Party A for reference ten days within the following occurrences: (1) making long term operation plan(such as five-year or ten-year operation plan) (2) appointment or replacement of Party B’s Board Chairman, supervisors, general manager, vice general manager, Chief Financial Officer, general engineer and other members of the senior management team. (3) changes in Party B’s shareholders or shareholding structure. (4) decisions made by Party B’s Board of Directors and Board of Supervisors relating to franchise operations. (5) Contract, Agreement and Letter of Intent signed by Party B that may have a major impact on franchise operations. (6) major occurrences that affect gas price, safety, technology, quality and service. (7) other occurrences that have a major impact on the enterprise’s franchise operations.

Appears in 5 contracts

Samples: Franchise Agreement (Sino Gas International Holdings, Inc.), Franchise Agreement (Sino Gas International Holdings, Inc.), Franchise Agreement (Sino Gas International Holdings, Inc.)

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