We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Effective Date and Term Clause in Contracts

Effective Date and Term. 4.1 This Agreement shall become effective upon execution by the Parties, and remain effective until all equity interests held by Party B in Party C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement. 4.2 Within the term of this Agreement, Party A may at its sole discretion decide to unconditionally terminate this Agreement by issuing a written notice to Party B in advance and bears no liability. Unless otherwise provided for by any mandatory provision of PRC laws, neither Party B nor Party C is entitled to terminate this Agreement unilaterally.

Appears in 15 contracts

Samples: Exclusive Option Agreement (Aesthetic Medical International Holdings Group LTD), Exclusive Option Agreement (Aesthetic Medical International Holdings Group LTD), Exclusive Option Agreement (Aesthetic Medical International Holdings Group LTD)

Effective Date and Term. 4.1 This Agreement shall become effective upon execution by the Parties, and remain effective until all equity interests held by Party B in Party C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement. 4.2 Within During the term of this Agreement, Party A may at its sole discretion decide to unconditionally terminate this Agreement unconditionally by issuing a written notice to Party B in advance and bears no liabilitywithout any liability at Party A’s own discretion. Unless Except as otherwise provided for required by any mandatory provision of PRC laws, neither Party B nor and Party C is entitled shall have no right to unilaterally terminate this Agreement unilaterallyagreement.

Appears in 9 contracts

Samples: Exclusive Option Agreement (Waterdrop Inc.), Exclusive Option Agreement (Waterdrop Inc.), Exclusive Option Agreement (Waterdrop Inc.)

Effective Date and Term. 4.1 This Agreement shall become effective come into effect upon execution by the Parties, and date hereof. 4.2 This Agreement shall remain effective until all of Party C’s equity interests interest and/or Party C’s all assets held by Party B in Party C have been legally transferred or assigned to Party A and/or any other person designated by Party A in accordance with the Designated Person(s) according to this Agreement. 4.2 Within . Notwithstanding the term of this Agreementabove provision, Party A may at its sole discretion decide to unconditionally terminate this Agreement by issuing a written notice to Party B in advance and bears no liability. Unless otherwise provided for by any mandatory provision of PRC laws, neither Party B nor Party C is entitled to terminate at any time 30 days in advance, and Party A shall not be liable for the unilateral termination of this Agreement unilaterallyAgreement.

Appears in 3 contracts

Samples: Exclusive Call Option Agreement (ECMOHO LTD), Exclusive Call Option Agreement (ECMOHO LTD), Exclusive Call Option Agreement (ECMOHO LTD)

Effective Date and Term. 4.1 This Agreement shall become effective upon execution on the date of signing by the Parties, and remain effective until be terminated when all equity interests interest held by Party B in Party C have has been transferred or assigned to Party A and/or any other person person(s) designated by Party A in accordance with this Agreement. 4.2 Within the term of this Agreement, Party A may at its sole discretion decide to unconditionally terminate or cancel this Agreement by issuing a written notice to Party B in advance and bears no without assuming any liability. Unless otherwise provided for by any mandatory provision of the PRC laws, neither Party B nor Party C is entitled to terminate this Agreement unilaterally.

Appears in 2 contracts

Samples: Exclusive Purchase Option Agreement (36Kr Holdings Inc.), Exclusive Purchase Option Agreement (36Kr Holdings Inc.)

Effective Date and Term. 4.1 This Agreement shall become effective upon execution by the Parties, and remain effective until all equity interests held by Party B in Party C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement. 4.2 Within the term of this Agreement, Party A may at its sole discretion decide to unconditionally terminate this Agreement by issuing a written notice to Party B in advance and bears shall bear no liabilityliability arising therefrom. Unless otherwise provided for by any mandatory provision provisions of the PRC lawslaw, neither Party B nor Party C is entitled to terminate this Agreement unilaterally.

Appears in 1 contract

Samples: Exclusive Option Agreement (ICZOOM Group Inc.)