Common use of Purchaser VIE Shareholders and Purchaser Directors Clause in Contracts

Purchaser VIE Shareholders and Purchaser Directors. (a) As of the date of this Agreement, neither of the Ctrip Parties has a reason to believe that the Purchaser VIE Shareholders will knowingly breach the Purchaser Control Documents during the period from the Closing to the time when such Purchaser VIE Shareholders cease to hold equity interests in the VIE; and (b) As of the date of this Agreement, neither Ctrip nor any Purchaser has a reason to believe that the Purchaser Directors will take any actions (as a director on the eLong Board of Directors) that would constitute a breach of their fiduciary duties to eLong from the Closing to the time when the eLong shareholders shall have ratified the appointment of the Purchaser Directors to the eLong Board of Directors at the Extraordinary General Meeting contemplated by Section 5.5.

Appears in 5 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Ctrip Com International LTD), Share Purchase Agreement (Keystone Lodging Holdings LTD)

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