Operating Businesses Clause Samples

Operating Businesses. The Business is carried on exclusively by the Corporation. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation Stockholders and the Corporation.

Operating Businesses. 13.2.1 The New CNC has the right and is fully qualified to operate businesses in the business operating areas as provided in its business license and the international business field; 13.2.2 The New CNC has no ultra ▇▇▇▇▇, unauthorized or invalid activities, contracts and rights. All documents with New CNC as the principal party or the executing party have been properly signed and stamped and retained by New CNC.

Operating Businesses. 13.1 The impact of the IPO and the Restructuring of CNC (HK) 13.1.1 The Group Corporation believes, after prudent and detailed inquiries, that there are no data, except those disclosed, that indicate, and it is not aware of or does not believe that the Restructuring or the IPO of CNC (HK) or the signing of this Agreement, or any other issues contained thereof have caused: (1) Any suppliers of New CNC to cease or have the rights to cease or dramatically reduce their supplies; (2) Any clients of New CNC to cease or have the rights to cease or dramatically reduce their business dealings; (3) Any significant changes in the management and/or the Injected Assets of New CNC. 13.1.2 Except for those disclosed in the prospectus or unless otherwise specified in this Agreement, the Restructuring or the IPO of CNC (HK), the signing of this Agreement, or any other issues contained thereof will not cause: (1) Conflicts, defaults or failure to perform the obligations of any terms and conditions or regulations of any agreements or contracts in which New CNC is a party, or against the Articles of Association of New CNC and/or any regulations of laws, acts, legislations, decrees or orders that are applicable to New CNC, or violate any creditor's rights, impawns, leases, rents, contractual orders, judgments, verdicts, injunctive, rules or other restrictions or responsibilities that have binding or controlling force against any assets of New CNC; (2) To relieve anyone from any obligations to New CNC, authorize anyone to determine any such or any rights or interests enjoyed by New CNC or exercise any rights in accordance with this Agreement reached with New CNC (3) To constitute or exercise the creditor's rights in any form to the setup, imposure or prospects of New CNC; and (4) The New CNC's any existing or future liabilities to become due and payable or to be claimed as due and payable before the specified due date.