Party A’s rights and liabilities. 7.1 provide materials as requested by Party B, and guarantee the material provided is accurate and legal. 7.2 Party B shall mail the receipt in three days after receiving loan return request or other request from Party B. 7.3 in case of the followings happened to Party A, Party B shall be informed: 7.3.1 operation system change, such as lease out its production, modify stock option, in alliance with other companies, merging, buy other companies, company separation, establish joint venture with foreign companies and others 7.3.2 changes of scope of business and registered capital, and change of stock right 7.3.3 financial conditions deterioration or involvement of major financial entanglement 7.3.4 goes out of business, company is dismissed, production is stopped, production permit is revoked or canceled 7.3.5 changes of location, contact address, or legal representative. 7.4 Party A shall inform Party B in 30 days advance in case of the change of Clause 7.3.1 or 7.3.2, for changes of others, in 5 days advance. 7.5 an approval from Party A shall not be necessary in case Party B wishes to modify the main contract with the debtor, except modification is about term extension or increase the amount of loan. Party A shall still be obligated for the joint and several liabilities. 7.6 in case Party A transfers the credit to a third party, Party A shall still be obligated for the joint and several liabilities 7.7 while the contract is in effect, any type of suretyship provided by Party A to other parties shall not against Party B’s interest. 7.8 while the contract is in effect, Party A shall guarantee perform all the obligation of this contract even in case of any separation, merging, stock option modifications or other events. 7.9 Party A shall indicate to Party B the relationship with related parties and transactions with related parties in a timely, comprehensive and accurate manner. in case Party A doesn’t perform his obligation in exposing information or one of the following happens to Party A and its related parties, which may affect negatively Party A’s performing his obligations: 7.9.1 Financial conditions deterioration of Party A’s related parties 7.9.2 legal or punitive actions have been applied to Party A or its related parties by legislature, revenue authorities, business administration authorities or other authorities. 7.9.3 relationship changed between Party A and its related parties. 7.9.4 Party A’s related parties are involved or possibly involved in major business entanglement, litigation or arbitrations. 7.9.5 Party A’s major investor or key managers are involved in criminal lawsuits. 7.9.6 others that may cause negative impact to Party A. In accordance with << enterprise accounting principles and regulations- indicate relationship with related parties and transactions with related parties>>, the related parties are: (1). Other enterprises directly or indirectly controlled by Party A, or enterprises that directly or indirectly controls Party A, or other enterprises with whom Party A are controlled by others. (2). Joint ventures of Party A
Appears in 2 contracts
Samples: Loan Agreement (Cdoor Corp), Loan Agreement (Cdoor Corp)
Party A’s rights and liabilities. 7.1 provide materials as requested by Party B, and guarantee the material provided is accurate and legal.
7.2 Party B shall mail the receipt in three days after receiving loan return request or other request from Party B.
7.3 in case of the followings happened to Party A, Party B shall be informed:
7.3.1 operation system change, such as lease out its production, modify stock option, in alliance with other companies, merging, buy other companies, company separation, establish joint venture with foreign companies and others
7.3.2 changes of scope of business and registered capital, and change of stock right
7.3.3 financial conditions deterioration or involvement of major financial entanglement
7.3.4 goes out of business, company is dismissed, production is stopped, production permit is revoked or canceled
7.3.5 changes of location, contact address, or legal representative.
7.4 Party A shall inform Party B in 30 days advance in case of the change of Clause 7.3.1 or 7.3.2, for changes of others, in 5 days advance.
7.5 an approval from Party A shall not be necessary in case Party B wishes to modify the main contract with the debtor, except modification is about term extension or increase the amount of loan. Party A shall still be obligated for the joint and several liabilities.
7.6 in case Party A transfers the credit to a third party, Party A shall still be obligated for the joint and several liabilities
7.7 while the contract is in effect, any type of suretyship provided by Party A to other parties shall not against Party B’s interest.
7.8 while the contract is in effect, Party A shall guarantee perform all the obligation of this contract even in case of any separation, merging, stock option modifications or other events.
7.9 Party A shall indicate to Party B the relationship with related parties and transactions with related parties in a timely, comprehensive and accurate manner. in case Party A doesn’t perform his obligation in exposing information or one of the following happens to Party A and its related parties, which may affect negatively Party A’s performing his obligations:
7.9.1 Financial conditions deterioration of Party A’s related parties
7.9.2 legal or punitive actions have been applied to Party A or its related parties by legislature, revenue authorities, business administration authorities or other authorities.
7.9.3 relationship changed between Party A and its related parties.
7.9.4 Party A’s related parties are involved or possibly involved in major business entanglement, litigation or arbitrations.
7.9.5 Party A’s major investor or key managers are involved in criminal lawsuits.
7.9.6 others that may cause negative impact to Party A. In accordance with << enterprise accounting principles and regulations- indicate relationship with related parties and transactions with related parties>>, the related parties are:
(1). Other enterprises directly or indirectly controlled by Party A, or enterprises that directly or indirectly controls Party A, or other enterprises with whom Party A are controlled by others.
(2). Joint ventures of Party A
Appears in 2 contracts
Samples: Loan Agreement (Cdoor Corp), Current Capital Loan Contract (Cdoor Corp)
Party A’s rights and liabilities. 7.1 provide materials as requested by Party B, and guarantee the material provided is accurate and legal.
7.2 Party B shall mail the receipt in three days after receiving loan return request or other request from Party B.
7.3 in case of the followings happened to Party A, Party B shall be informed:
7.3.1 operation system change, such as lease out its production, modify stock option, in alliance with other companies, merging, buy other companies, company separation, establish joint venture with foreign companies and others
7.3.2 changes Changes of scope of business and registered capital, and change of stock right
7.3.3 financial Financial conditions deterioration or involvement of major financial entanglement
7.3.4 goes Goes out of business, company is dismissed, production is stopped, production permit is revoked or canceled
7.3.5 changes Changes of location, contact address, or legal representative.
7.4 Party A shall inform Party B in 30 days advance in case of the change of Clause 7.3.1 or 7.3.2, for changes of others, in 5 days advance.
7.5 an An approval from Party A shall not be necessary in case Party B wishes to modify the main contract with the debtor, except modification is about term extension or increase the amount of loan. Party A shall still be obligated for the joint and several liabilities.
7.6 in case Party A transfers the credit to a third party, Party A shall still be obligated for the joint and several liabilities
7.7 while While the contract is in effect, any type of suretyship provided by Party A to other parties shall not against Party B’s interest.
7.8 while While the contract is in effect, Party A shall guarantee perform all the obligation of this contract even in case of any separation, merging, stock option modifications or other events.
7.9 Party A shall indicate will no longer be obligated to Party B the relationship with related parties suretyship after the debtor returned the entire due loan and transactions with related parties in a timely, comprehensive and accurate manner. in case Party A doesn’t perform his obligation in exposing information or one of the following happens to Party A and its related parties, which may affect negatively Party A’s performing his obligations:
7.9.1 Financial conditions deterioration of Party A’s related parties
7.9.2 legal or punitive actions have been applied to Party A or its related parties by legislature, revenue authorities, business administration authorities or other authoritiesinterests.
7.9.3 relationship changed between Party A and its related parties.
7.9.4 Party A’s related parties are involved or possibly involved in major business entanglement, litigation or arbitrations.
7.9.5 Party A’s major investor or key managers are involved in criminal lawsuits.
7.9.6 others that may cause negative impact to Party A. In accordance with << enterprise accounting principles and regulations- indicate relationship with related parties and transactions with related parties>>, the related parties are:
(1). Other enterprises directly or indirectly controlled by Party A, or enterprises that directly or indirectly controls Party A, or other enterprises with whom Party A are controlled by others.
(2). Joint ventures of Party A
Appears in 1 contract
Party A’s rights and liabilities. 7.1 provide materials as requested by Party B, and guarantee the material provided is accurate and legal.
7.2 Party B shall mail the receipt in three days after receiving loan return request or other request from Party B.
7.3 in case of the followings happened to Party A, Party B shall be informed:
7.3.1 operation system change, such as lease out its production, modify stock option, in alliance with other companies, merging, buy other companies, company separation, establish joint venture with foreign companies and others
7.3.2 changes Changes of scope of business and registered capital, and change of stock right
7.3.3 financial Financial conditions deterioration or involvement of major financial entanglement
7.3.4 goes out of businessBankrupt, company is dismissed, production is stopped, production and business permit is revoked or canceled
7.3.5 changes Changes of location, contact address, or legal representative.
7.4 Party A shall inform Party B in 30 days advance in case of the change of Clause 7.3.1 or 7.3.2, for changes of others, in 5 days advance.
7.5 an An approval from Party A shall not be necessary in case Party B wishes to modify the main contract with the debtor, except modification is about term extension or increase the amount of loan. Party A shall still be obligated for the joint and several liabilities.
7.6 in case Party A transfers the credit to a third party, Party A shall still be obligated for the joint and several liabilities
7.7 while While the contract is in effect, any type of suretyship provided by Party A to other parties shall not against Party B’s interest.
7.8 while While the contract is in effect, Party A shall guarantee perform all the obligation of this contract even in case of any separation, merging, stock option modifications or other events.
7.9 Party A shall indicate will no longer be obligated to Party B the relationship with related parties suretyship after the debtor returned the entire due loan and transactions with related parties in a timely, comprehensive and accurate manner. in case Party A doesn’t perform his obligation in exposing information or one of the following happens to Party A and its related parties, which may affect negatively Party A’s performing his obligations:
7.9.1 Financial conditions deterioration of Party A’s related parties
7.9.2 legal or punitive actions have been applied to Party A or its related parties by legislature, revenue authorities, business administration authorities or other authoritiesinterests.
7.9.3 relationship changed between Party A and its related parties.
7.9.4 Party A’s related parties are involved or possibly involved in major business entanglement, litigation or arbitrations.
7.9.5 Party A’s major investor or key managers are involved in criminal lawsuits.
7.9.6 others that may cause negative impact to Party A. In accordance with << enterprise accounting principles and regulations- indicate relationship with related parties and transactions with related parties>>, the related parties are:
(1). Other enterprises directly or indirectly controlled by Party A, or enterprises that directly or indirectly controls Party A, or other enterprises with whom Party A are controlled by others.
(2). Joint ventures of Party A
Appears in 1 contract
