Common use of Material Licenses Clause in Contracts

Material Licenses. (i) Jifen shall use its best efforts to obtain an Internet News Information Services Permit (互联网新闻信息服务许可证), an Online Publishing Service Permit (网络出版服务许可证) and a License for the Dissemination of Audio-visual Programs through Information Network (信息网络传播视听节目许可证) as soon as practicable after the Closing; (ii) Xike shall use its best efforts to obtain a Permit for the Dissemination of Audio-visual Programs through Information Network (信息网络传播视听节目许可证) as soon as practicable after the Closing; and (iii) Xike shall obtain a Network Culture Operation License (网络文化经营许可证) and a Value-added Telecommunications Services Permit (增值电信业务经营许可证) covering the provision of Internet information services within fifteen (15) months after Series B1 Closing (permits referred to in this Section 6.2(c), collectively, the “Material Licenses” and each a Material License).

Appears in 4 contracts

Samples: Series B2 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B3 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B3 Preferred Share Purchase Agreement (Qutoutiao Inc.)

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Material Licenses. (i) Jifen shall use its best efforts to obtain an Internet News Information Services Permit (互联网新闻信息服务许可证), an Online Publishing Service Permit (网络出版服务许可证) and a License for the Dissemination of Audio-visual Programs through Information Network (信息网络传播视听节目许可证) as soon as practicable after the Closing; (ii) Xike shall use its best efforts to obtain a Permit for the Dissemination of Audio-visual Programs through Information Network (信息网络传播视听节目许可证) as soon as practicable after the Closing; and (iii) Xike shall obtain a Network Culture Operation License (网络文化经营许可证) and a Value-added Telecommunications Services Permit (增值电信业务经营许可证) covering the provision of Internet information services within fifteen (15) months after Series B1 Closing (permits referred to in this Section 6.2(c), collectively, the “Material Licenses” and each a Material License).

Appears in 2 contracts

Samples: Series B1 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B1 Preferred Share Purchase Agreement (Qtech Ltd.)

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