Obligations of the Transferee. 10.1 The Transferee shall assist the Transferor to complete all the applications for, filings of and industrial and commercial registration of changes in connection with the Transfer.
10.2 The Transferee shall pay the consideration for the Transfer to the Transferor on a timely basis in accordance with relevant provisions hereof.
Obligations of the Transferee. The Transferee covenants with the Transferor that it shall:
1. Carry out the terms embodied in this Deed as well as those in the Head Lease and will continue to be bound thereby.
2. Carry out, observe and fulfill the terms and conditions, as agreed upon by the Transferee at the time of making the application for allotment, and other terms and the rules that have since been promulgated and may hereafter be promulgated for or relating to development, control, code of conduct, infrastructure and aesthetic controls and/or any other Code or Rules, which have been handed over to the Transferee at or before the execution hereof or will be handed over to the Transferee from time to time which may, hereafter, be introduced by way of amendment or otherwise by or on behalf of the Transferor for the beneficial use and enjoyment of the Satellite Township by all its occupiers.
3. Pay the Said Rent to BDA in advance for the year for which the same is payable.
4. Pay any increase in the Said Rent as and when the same is revised.
5. Pay the charges for maintenance of the Township Common Portions, hereafter called the "Township Maintenance Charges", at such rate as may be fixed from time to time.
6. Pay, in case it delays or defaults in making payment of the Township Maintenance Charges hereafter called the "Transferee's Payables", within the stipulated time for its payment, without prejudice to other rights of the Transferor, interest @ 12% per annum on the defaulted amount of the Transferee's Payables till the date of payment along with interest thereon.
7. Pay or cause to be paid all rates and taxes or imposition which are now or hereinafter payable in respect of the Said Property.
8. Pay for the supply of electricity consumed by the Transferee at the Said Property at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or directly to the electric energy supplier, as the circumstances may require.
9. Pay for the supply of reticulated gas consumed by the Transferee at the Said Property at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or any agency / body directed by the Transferor.
10. Pay or cause to be paid all rates and taxes or imposition, including service tax and VAT, if any, payable, on the Transferee's Payables which are now or hereinafter in future be payable in respect thereof.
11. Use and enjoy all the Township Common Portions subject to such restrictions which the Transferor or ...
Obligations of the Transferee including a Perpetual Clause
4.1 The Transferee is permitted to display the Barricade to the public only with the Works of Art and this Agreement.
4.2 The Transferee, or any subsequent Transferee, shall transfer all rights and obligations arising under this Agreement to the subsequent Transferee and shall perform all acts required by law to effect this transfer. The Transferee shall use the template included in Annex 2 to this Agreement for that purpose.
4.3 Before the transfer to any subsequent Transferee, the Transferee shall inform the Mak- er about the transfer in writing in a timely manner and shall send him a copy of the draft sales agreement between the Transferee and the subsequent Transferee.
Obligations of the Transferee. The Transferee shall deliver the following documents to the Transferors at the completion:
(1) Board resolution of the Transferee, to authorize the Transferee to execute, deliver and perform the agreement; and
(2) the purchase price specified in Article
Obligations of the Transferee. 1) The Transferee shall pay the transfer price to the Transferer as agreed in this Agreement; and
2) The Transferee shall be obliged to keep confidentiality of the relevant trade secrets of the Transferer known to the Transferee for the purpose of the execution and performance of this Agreement.
Obligations of the Transferee. 6.1 The Transferee shall pay the purchasing price in the form agreed otherwise by the Transferor and Transferee within ninety (90) days or a longer approved by the examination and approval authorities after the Agreement takes effect. Notwithstanding, in case the Transferor or CEEG PV-Tech owes the Transferee debts, the Transferee has the right (without obligations) offset the purchasing price with any part of the debts from at any time with the consent of the Transferee and Transferor and under Chinese laws and the approval of the examination and approval authorities or foreign exchange administrations.
6.2 On the effective date, the Transferee shall release all Transferors from the pledge on transfer and other liabilities and obligations as stipulated in the Share Pledge Agreement made on March 24, 2006.
Obligations of the Transferee. 6.3.1 From the date hereof, the Transferee shall assist the boards of directors of the Target Company and the Ultimate Target Company in taking all possible measures to obtain all governmental approvals, consents and licenses required for performing this Agreement.
6.3.2 From the date hereof, the Transferee shall assist the Transferor in completing the AIC Change Registration with the Registration Authority for this equity transfer.
6.3.3 The Transferee shall pay the Equity Transfer Price on time and in full as agreed herein.
Obligations of the Transferee. 7.1 Party B shall promptly pay the full price of such shares and the transfer of assets to Party A in accordance with the provisions of Article 4 of this Agreement.
7.2 Party B will, in accordance with the provisions of this Agreement, be responsible for urging the company to timely go through the formalities for approval of such equity and asset transfer and industrial and commercial change registration.
7.3 Party B shall promptly issue relevant documents that shall be signed or issued by Party B in order to complete the transfer of such equity and assets.
Obligations of the Transferee. 7.2.1 Delivery of approval documents of the board of directors to the Transferor within 3 days after the execution of this Agreement;
7.2.2 Payment according to the timing and requirements provided in Article Six of this Agreement;
7.2.3 Provision of all documents related to the equity transfer and registration amendment to the Transferor.
Obligations of the Transferee. The Transferee shall be responsible for all outgoings in respect of the Assets which are attributable in whole or in part to the period after the Transfer Date and will indemnify the Transferor against all Losses incurred by the Transferor in respect of the same.
