Common use of Fundamental Changes of Circumstances Clause in Contracts

Fundamental Changes of Circumstances. As a supplementary agreement and without contravening other provisions of the VIE Agreements and this Agreement, if, at any time, in the opinion of the Pledgee, as a result of any promulgation of or amendment to any PRC Law, or of any change in the interpretation or application of such PRC Laws, or of any change in relevant registration procedures, the maintaining of the validity of this Agreement and/or the disposal of the Pledged Equity in the manner prescribed hereunder becomes illegal or contravenes such PRC Laws, the Pledgor shall, on the Pledgee’s written instruction and in accordance with its reasonable request, immediately take any action and/or execute any agreement or other documents so as to:

Appears in 3 contracts

Samples: Equity Pledge Agreement (Ucommune International LTD), Equity Pledge Agreement (Ucommune Group Holdings LTD), Equity Pledge Agreement (Ucommune Group Holdings LTD)

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Fundamental Changes of Circumstances. As a supplementary agreement and without contravening other provisions of the VIE Agreements and this Agreement, if, at any time, in the opinion of the Pledgee, as a result of any promulgation of or amendment to any PRC Law, or of any change in the interpretation or application of such PRC Laws, or of any change in relevant registration procedures, the maintaining of the validity of this Agreement and/or the disposal of the Pledged Equity in the manner prescribed hereunder becomes illegal or contravenes such PRC Laws, the Pledgor Pledgors shall, on at the reasonable request of the Pledgee’s written instruction and in accordance with its reasonable request, immediately take any action and/or execute any agreement or other documents so as to:

Appears in 3 contracts

Samples: Equity Pledge Agreement (Ucommune International LTD), Equity Pledge Agreement (Ucommune Group Holdings LTD), Equity Pledge Agreement (Ucommune Group Holdings LTD)

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