Common use of Effectiveness and Termination of the Agreement Clause in Contracts

Effectiveness and Termination of the Agreement. 11.1 This Agreement becomes effective upon the execution of this Agreement. The share pledge contemplated herein shall be created and effective from the date of completion of its registration with the department of administration for industry and commence. 11.2 To the extent practicably allowed, the Parties shall make their best efforts to register and file the pledge, and cause the pledge to be registered and filed, at the AIC where Party D’s company is registered, provided, however, that the Parties confirm that the effectiveness and validity of this Agreement shall not be affected regardless of whether the pledge hereunder is registered or not. 11.3 This Agreement shall terminate two years after the Pledgor and/or Party D no longer undertake(s) any obligations under or arising from the Main Agreements, and in this case, the Pledgee shall cancel or terminate this Agreement as soon as reasonably practicable. 11.4 The release of pledge shall also be recorded accordingly at the shareholders’ register of Party D, and the deregistration of the pledge shall be completed at the AIC where Party D’s company is registered according to the relevant laws.

Appears in 5 contracts

Samples: Equity Interest Pledge Agreement, Equity Interest Pledge Agreement (Jufeel International Group), Equity Interest Pledge Agreement (Jufeel International Group)

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Effectiveness and Termination of the Agreement. 11.1 This Agreement becomes effective upon is concluded and takes effect as of the execution of this Agreement. The share day when the pledge contemplated herein shall be created and effective from the date of completion of its registration with the department of administration for industry and commenceis recorded into Party C’s shareholders’ register. 11.2 To the extent practicably allowed, the Parties shall make their best efforts to register and file the pledge, and cause the pledge to be registered and filed, at the AIC where Party DC’s company is registered, provided, however, that the Parties confirm that the effectiveness and validity of this Agreement shall not be affected regardless of whether the pledge hereunder is registered or not. 11.3 This Agreement shall terminate two years after the Pledgor and/or Party D C no longer undertake(s) any obligations under or and arising from the Main Agreements, and in this case, the Pledgee shall cancel or terminate this Agreement as soon as reasonably practicable. 11.4 The release of pledge shall also be recorded accordingly at the shareholders’ register of Party DC, and the deregistration of the pledge shall be completed at the AIC where Party DC’s company is registered according to the relevant laws.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Zhaopin LTD)

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