Common use of Purpose of Entrusted Operation Clause in Contracts

Purpose of Entrusted Operation. Party Bshall fully manage the operation activities of Party A as its exclusivemanaging consultant and provide Party A with exclusive technical support for Party A.Xxxxx B shall perform the responsibilities and rights of Party A’s shareholders and the Executive Director. Party A shall pay its profit (if any) to Party B according to Article 1.5 of this Agreement and Party B shall be responsible to Party A’s loss (if any). During the term of the entrusted operation, Party B, as the entrusted manager, shall provide full management to Party A’s operations.

Appears in 3 contracts

Samples: Management Entrustment Agreement (Bison Petroleum, Corp.), Management Entrustment Agreement (Bison Petroleum, Corp.), Management Entrustment Agreement (Bison Petroleum, Corp.)

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Purpose of Entrusted Operation. Party Bshall B shall fully manage the operation activities of Party A as its exclusivemanaging exclusive managing consultant and provide Party A with exclusive technical support for Party A.Xxxxx A. Party B shall perform the responsibilities and rights of Party A’s shareholders and the Executive DirectorBoard of Directors. Party A shall pay its profit (if any) to Party B according to Article 1.5 of this Agreement and Party B shall be responsible to Party A’s loss (if any). During the term of the entrusted operation, Party B, as the entrusted manager, shall provide full management to Party A’s operations.

Appears in 2 contracts

Samples: Management Entrustment Agreement (UHF Inc), Management Entrustment Agreement (Target Acquisitions I, Inc.)

Purpose of Entrusted Operation. Party Bshall B shall fully manage the operation activities of Party A as its exclusivemanaging exclusive managing consultant and provide Party A with exclusive technical support for Party A.Xxxxx A. Party B shall perform the responsibilities and rights of Party A’s shareholders and the Executive Director. Party A shall pay its profit (if any) to Party B according to Article 1.5 of this Agreement and Party B shall be responsible to Party A’s loss (if any). During the term of the entrusted operation, Party B, as the entrusted manager, shall provide full management to Party A’s operations.

Appears in 2 contracts

Samples: Management Entrustment Agreement (Bison Petroleum, Corp.), Management Entrustment Agreement (Bison Petroleum, Corp.)

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Purpose of Entrusted Operation. Party Bshall B shall fully manage the operation activities of Party A as its exclusivemanaging exclusive managing consultant and provide Party A with exclusive technical support for Party A.Xxxxx A. Party B shall perform the responsibilities and rights of Party A’s shareholders and the Executive DirectorBoard of Directors. Party A shall pay its profit (if any) to Party B according to Article 1.5 of this Agreement and Party B shall be responsible to Party A’s A for its loss (if any). During the term of the entrusted operation, Party B, as the entrusted manager, shall provide full management to Party A’s operations.

Appears in 1 contract

Samples: Management Entrustment Agreement (Adamant Dri Processing & Minerals Group)

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