Common use of Newly Added Party B’s Subsidiaries Clause in Contracts

Newly Added Party B’s Subsidiaries. In case of any newly added Party B’s Subsidiary at any time after the effective date of this Agreement, Party B shall urge such newly added Party B’s Subsidiary to sign a letter of acceptance of rights and obligations in such form and substance as shown in Annex III hereto and any other legal documents permitted or required by the laws of the PRC so as to enable such newly added Party B’s Subsidiary to join this Agreement and fully accept any obligations and rights to be assumed and enjoyed by Party B’s Subsidiaries under this Agreement. From the execution date of such letter of acceptance of rights and obligations and any other legal documents permitted or required by the laws of the PRC, such newly added Party B’s Subsidiaries shall be deemed to be a signatory to this Agreement. Any other Parties hereto hereby agree to and fully accept the foregoing arrangement.

Appears in 17 contracts

Samples: Consultation and Service Agreement (Sunlands Technology Group), Consultation and Service Agreement (Sunlands Technology Group), Consultation and Service Agreement (Sunlands Technology Group)

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Newly Added Party B’s Subsidiaries. In case of any newly added Party B’s Subsidiary at any time after the effective date entry into force of this Agreement, any entity is added into and as Party B’s Subsidiaries, Party B shall urge procure such newly added Newly Added Party B’s Subsidiary to sign a letter of acceptance of rights the Rights and obligations in such form Obligations Assumption Letter with the format and substance content attached as shown in Annex III 4 hereto and any other legal documents permitted or required by under PRC laws to permit the laws of the PRC so as to enable such newly added Newly Added Party B’s Subsidiary to join added into this Agreement and to fully accept any assume the rights and obligations that should be enjoyed and rights to be assumed and enjoyed borne by Party B’s Subsidiaries under this AgreementSubsidiaries. From As of the execution date of execution of such letter of acceptance of rights Rights and obligations Obligations Assumption Letter and any other legal documents permitted or required by the laws of the PRCunder PRC laws, such newly added Newly Added Party B’s Subsidiaries Subsidiary shall be deemed to be a signatory party to this Agreement. Any All the other Parties hereto hereby agree to and fully accept the foregoing arrangement.

Appears in 4 contracts

Samples: Services and Business Cooperation Agreement (17 Education & Technology Group Inc.), Services and Business Cooperation Agreement (17 Education & Technology Group Inc.), Services and Business Cooperation Agreement (17 Education & Technology Group Inc.)

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Newly Added Party B’s Subsidiaries. In case of any newly added Party B’s Subsidiary at any time after the effective date entry into force of this Agreement, any entity is added into and as Party B’s Subsidiaries, Party B shall urge procure such newly added Newly Added Party B’s Subsidiary to sign a letter of acceptance of rights the Rights and obligations in such form Obligations Assumption Letter with the format and substance content attached as shown in Annex III 3 hereto and any other legal documents permitted or required by under PRC laws to permit the laws of the PRC so as to enable such newly added Newly Added Party B’s Subsidiary to join added into this Agreement and to fully accept any assume the rights and obligations that should be enjoyed and rights to be assumed and enjoyed borne by Party B’s Subsidiaries under this AgreementSubsidiaries. From As of the execution date of execution of such letter of acceptance of rights Rights and obligations Obligations Assumption Letter and any other legal documents permitted or required by the laws of the PRCunder PRC laws, such newly added Newly Added Party B’s Subsidiaries Subsidiary shall be deemed to be a signatory party to this Agreement. Any All the other Parties hereto hereby agree to and fully accept the foregoing arrangement.

Appears in 2 contracts

Samples: Services and Business Cooperation Agreement (17 Education & Technology Group Inc.), Exclusive Management Services and Business Cooperation Agreement (17 Education & Technology Group Inc.)

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