Common use of Party B’s Undertakings Clause in Contracts

Party B’s Undertakings. Party B agrees and undertakes that, during the Cooperation Period, 7.1 Party B shall obtain all government approvals, permits and licenses required for the provision of integrated services, and shall maintain them in full force and effect; 7.2 If Party B is informed of any breach of this Agreement, it shall notify Party A promptly and provide Party A with the details of any measures that Party B is taking or plans to take to remedy or mitigate any consequences arising from such event and to protect Party A’s rights and interests under this Agreement; 7.3 Party B shall, during the duration of this Agreement, comply with and observe the terms and conditions as set forth in this Agreement, and Party B shall not provide its integrated services in any way contrary to the laws or regulations of the PRC; 7.4 Party B shall employ sufficient and qualified employees to perform its obligations to provide integrated services under this Agreement. Party B shall ensure that any employees employed by it provide services to Party A in a loyal and efficient manner; 7.5 Party B shall formulate specific regulations for management of integrated service in accordance with Prudent Industry Practices. Party B shall also establish, record and maintain any data and archives of its outsourced management comprehensive services in accordance with Prudent Industry Practices; 7.6 Party B shall establish and maintain accurate, complete and up-to-date records for the provision of integrated services.

Party B’s Undertakings. Party B agrees and undertakes that, during the Cooperation Period, 7.1 Party B shall obtain all government approvals, permits and licenses required for the provision of integrated technology development and application services, and shall maintain them in full force and effect; 7.2 If Party B is informed of any breach of this Agreement, it shall notify Party A promptly and provide Party A with the details of any measures that Party B is taking or plans to take to remedy or mitigate any consequences arising from such event and to protect Party A’s rights and interests under this Agreement; 7.3 Party B shall, during the duration of this Agreement, comply with and observe the terms and conditions as set forth in this Agreement, and Party B shall not provide its integrated technology development and application services in any way contrary to the laws or regulations of the PRC; 7.4 Party B shall employ sufficient and qualified employees to perform its obligations to provide integrated technology development and application services under this Agreement. Party B shall ensure that any employees employed by it provide services to Party A in a loyal and efficient manner; 7.5 Party B shall formulate specific regulations for management of integrated technology development and application service in accordance with Prudent Industry Practices. Party B shall also establish, record and maintain any data and archives of its outsourced management comprehensive technology development and application services in accordance with Prudent Industry Practices; 7.6 Party B shall establish and maintain accurate, complete and up-to-date records for the provision of integrated technology development and application services.