Matters Agreed upon by the Parties hereto Sample Clauses

Matters Agreed upon by the Parties hereto. 1. Obligations of the Pledgor (1) The Pledgor undertakes that it will not take the following actions without the prior consent of the Pledgee: (i) sell, present as a gift, lease, lend, transfer, mortgage, pledge or otherwise dispose of all or substantial part of its major assets. (ii) materially change its operational system or shareholding structure, including without limitation, acting as contractor, leasing, joint operation, transformation into a company or joint stock company, equity transfer, amalgamation (or merger), equity (or cooperative) joint venture, spin-off, establishment of subsidiaries, transfer of property ownership and reduction of capital, etc. (iii) amend its articles of association, change the scope of its business or its principal business. (iv) provide guarantees for third parties, which would have material adverse effects on its financial position or its ability to perform the obligations hereunder. (v) apply for the reorganization, bankruptcy or dissolution of the company. (vi) sign any contracts/agreements which would have material adverse effects on its ability to perform the obligations hereunder or assume the relevant obligations having such effects. (2) The Pledgor undertakes that it will notify the Pledgee immediately of any of the following events, if any, on the date thereof, and shall, within five (5) bank business days from the date of such event, deliver to the Pledgee the original of the notice (to be affixed with the common chop): (i) the occurrence of any event which would render the representations and warranties given by the Pledgor hereunder untrue and inaccurate. (ii) the Pledgor or its controlling shareholder, actual controller or its associates being involved in litigations, arbitration, or their respective assets being detained, seized, frozen, enforceable, or other measures with the same effect being taken against them, or its legal representative, directors, supervisors and senior management being involved in litigations, arbitrations or other compulsory measures. (iii) any change in matters such as the legal representative of the Pledgor or its authorized agents, persons-in-charge and principal financial controller, correspondence address, name of enterprise, and place of business. (iv) the application by other creditors for the reorganization and bankruptcy of the Pledgor, or the revocation by the competent supervising authorities. (3) The Pledgor undertakes that it will at all times cooperate and provide th...
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Related to Matters Agreed upon by the Parties hereto

  • NOW THEREFORE THE PARTIES AGREE TO THE FOLLOWING During the term of this agreement, if the proclamation of the above noted legislation results in additional costs for teachers or School Divisions, TEBA and the Association shall meet within sixty (60) days to discuss the appropriate apportionment of costs.

  • Termination by Mutual Agreement of the Parties Executive’s employment with the Company may be terminated at any time upon a mutual agreement in writing of the Parties. Any such termination of employment shall have the consequences specified in such agreement.

  • Modification by the Parties The Parties may by mutual agreement amend the Appendices to this Agreement, by a written instrument duly executed by all three of the Parties. Such an amendment shall become effective and a part of this Agreement upon satisfaction of all Applicable Laws and Regulations.

  • Termination by Agreement both parties may agree to terminate this Agreement;

  • TERMINATION BY THE PARTIES This Agreement may be terminated upon sixty (60) days’ written notice (a) by the Independent Directors of the Company or the Advisor, without Cause and without penalty, (b) by the Advisor for Good Reason, or (c) by the Advisor upon a Change of Control. The provisions of Sections 19 through 31 of this Agreement shall survive termination of this Agreement.

  • NOW THEREFORE THE PARTIES AGREE AS FOLLOWS The employee is paid 100% of their earnings during the working period.

  • Termination by the University i) The university may terminate this agreement under the following circumstances:

  • Terminating the Agreement With reasonable cause, either Client or Contractor may terminate this Agreement, effective immediately upon giving written notice. Reasonable cause includes: A material violation of this Agreement; Any act exposing the other party to liability to others for personal injury or property damage; or Either party terminating this Agreement at any time by giving days' written notice to the other party of the intent to terminate.

  • AGREEMENT OF THE PARTIES The language used in this Agreement will be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction will be applied against any party hereto. Neither Executive nor the Company shall be entitled to any presumption in connection with any determination made hereunder in connection with any arbitration, judicial or administrative proceeding relating to or arising under this Agreement.

  • After the Agreement Effective Date After the Agreement Effective Date, the Trust will furnish to Ultimus any amendments to the items listed in Section 14.1.

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