Common use of Exercise of Entrusted Rights Clause in Contracts

Exercise of Entrusted Rights. 3.1 Each of Shareholders shall provide sufficient assistance to the Trustee for his or her exercise of the Entrusted Rights, including prompt execution of the resolutions of the shareholders’ meeting made by the Trustee or other relevant legal documents when necessary (e.g., to satisfy the document submission requirements for the approval of, registration or filing with governmental authorities). 3.2 If at any time within the term of this Agreement, the entrustment or exercise of the Entrusted Rights hereunder is unenforceable for any reason (except for the default by Each of Shareholders or the Company), the Parties shall immediately seek the alternative plan which is most similar to the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein, so as to ensure the fulfilment of the purposes hereof.

Appears in 6 contracts

Samples: Voting Trust Agreement (Tencent Music Entertainment Group), Voting Trust Agreement (Tencent Music Entertainment Group), Voting Trust Agreement (Tencent Music Entertainment Group)

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Exercise of Entrusted Rights. 3.1 Each of Shareholders shall provide sufficient assistance to the Trustee for his or her its exercise of the Entrusted Rights, including prompt execution of the resolutions of the shareholders’ meeting made by the Trustee or other relevant legal documents when necessary (e.g., to satisfy the document submission requirements for the approval of, registration or filing with governmental authorities). 3.2 If at any time within the term of this Agreement, the entrustment or exercise of the Entrusted Rights hereunder is unenforceable for any reason (except for the default by Each of Shareholders or the Company), the Parties shall immediately seek the alternative plan which is most similar to the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein, so as to ensure the fulfilment fulfillment of the purposes hereof.

Appears in 2 contracts

Samples: Voting Trust Agreement (Tencent Music Entertainment Group), Voting Trust Agreement (Tencent Music Entertainment Group)

Exercise of Entrusted Rights. 3.1 Each of Shareholders The Trustors shall provide sufficient assistance to the Trustee for his or her its exercise of the Entrusted Rights, including prompt execution of the resolutions of the shareholders’ meeting made by the Trustee or other relevant legal documents when necessary (e.g., to satisfy the document submission requirements for the approval of, registration or filing with governmental authorities). 3.2 If at any time within the term of this Agreement, the entrustment or exercise of the Entrusted Rights hereunder is unenforceable for any reason (except for the default by Each of Shareholders the Trustors or the CompanyParty C), the Parties shall immediately seek the alternative plan which is most similar to the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein, so as to ensure the fulfilment of the purposes hereof.

Appears in 1 contract

Samples: Voting Trust Agreement (Tencent Music Entertainment Group)

Exercise of Entrusted Rights. 3.1 Each of Shareholders 3.1. The Current Shareholder shall provide sufficient assistance to the Trustee Proxy for his or her exercise of the Entrusted Rights, including prompt execution of the resolutions of the shareholders’ meeting shareholder decisions made by the Trustee Proxy or other relevant legal documents when necessary (e.g., to satisfy the document submission requirements for the approval of, registration or filing with governmental authorities). 3.2 3.2. If at any time within the term of this Agreement, the entrustment or exercise of the Entrusted Rights hereunder is unenforceable for any reason (except for the default by Each of Shareholders the Current Shareholder or the Domestic-funded Company), the Parties shall immediately seek the alternative plan which is most similar to the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein, so as to ensure the fulfilment of the purposes hereof.

Appears in 1 contract

Samples: Shareholder Voting Rights Proxy Agreement (HUYA Inc.)

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Exercise of Entrusted Rights. 3.1 Each of 3.1. The Current Shareholders shall provide sufficient assistance to the Trustee Proxy for his or her exercise of the Entrusted Rights, including prompt execution of the resolutions of the shareholders’ meeting made by the Trustee Proxy or other relevant legal documents when necessary (e.g., to satisfy the document submission requirements for the approval of, registration or filing with governmental authorities). 3.2 3.2. If at any time within the term of this Agreement, the entrustment or exercise of the Entrusted Rights hereunder is unenforceable for any reason (except for the default by Each of Shareholders the Current Shareholder or the Domestic-funded Company), the Parties shall immediately seek the alternative plan which is most similar to the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein, so as to ensure the fulfilment of the purposes hereof.

Appears in 1 contract

Samples: Shareholder Voting Rights Proxy Agreement (HUYA Inc.)

Exercise of Entrusted Rights. 3.1 Each of The Shareholders shall provide sufficient assistance to the Trustee Proxy for his or her exercise of the Entrusted Rights, including prompt execution of the resolutions of the shareholders’ meeting made of the Target Company prepared by the Trustee Proxy or other relevant legal documents when necessary (e.g., to satisfy when the document submission requirements of such documents is necessary for the approval of, registration or filing with governmental authorities). 3.2 If at any time within the term of this Agreement, the entrustment or exercise of the Entrusted Rights hereunder is unenforceable for any reason (except for the default by Each of Shareholders a Shareholder or the Target Company), the Parties parties shall immediately seek the alternative plan which is most similar to the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein, so as to ensure the fulfilment of the purposes purpose hereof.

Appears in 1 contract

Samples: Shareholders’ Voting Rights Proxy Agreement (Eworld Interactive, Inc.)

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