Rights and Obligations of Party C. (a) Party C shall assist Party B to supervise whether Party A uses the loan for the agreed uses. Party C’s assistance in supervision only means that Party C shall provide Party B with the statements of each loan hereunder for the period of three months from the date of the withdrawal of such loans to the deposit account opened by Party A in Party C. Party C shall not be obliged to continuously supervise the use of loans.
(b) Party C shall have the right to report to Party B the information of Party A related to the entrusted loan and the information of deposits, loans and settlement of Party A in Party C.
(c) In case of cancellation of industrial and commercial administrative registration, revocation of business license, death, disappearance and loss of the capability of civil conducts of Party A, Party C shall have the right to terminate the entrustment relationship with Party B and send the Notice of Termination of the Entrustment Relationship to Party B. The entrustment relationship between Party B and Party C and all obligations of Party C hereunder shall be terminated from the date of the notice.
(d) Party C shall not be liable for any disputes or illegal behaviors between Party B and Party A.
(e) If Party A fails to repay the entrusted loan in full and on time, and Party C compensates Party B based on the court judgment or arbitration award, all of Party B’s rights against Party A and the guarantor shall be assigned to Party C. Party A shall not raise any objection to the assignment of the above-mentioned rights, and shall undertake to perform its obligations and responsibilities to Party C immediately upon receipt of the written notice from Party C.
(f) Party C shall assist Party B in collecting the entrusted loan pursuant to the following provisions:
(i) Before the principal of the entrusted loan matures (including the maturity of the principal with installments, the same hereinafter), Party C shall calculate and settle the interest on the entrusted loan as agreed herein. After each repayment by Party A, Party C shall complete the corresponding accounting processing, and report to Party B the amount and time of repayment by Party A and the outstanding principal and interest of the loan still unpaid. Party B shall timely check the aforementioned accounting information report upon receipt of it. If there is any doubt or objection to the accounting information report, Party B shall submit it in writing to Party C within five working days after receipt...
Rights and Obligations of Party C. (1) Party C (and its controlling company and the controlling company’s direct affiliates) must guarantee that it has the business premises which are suitable for business development and the business cooperation qualification for its cooperation with Party B.
(2) After Party B transfers its business rights and obligations with Party A to Party C, Party C (and its controlling company and the controlling company’s direct affiliates) guarantees that it shall continually perform Party B’s existing cooperative business with Party A pursuant to the existing business cooperation agreements, and bear the debt and cooperation obligations that have not been performed by Party B.
(3) After the execution of this Agreement, the relationship between Party C and Party A is business cooperation. Any business activity conducted by Party C shall not constitute any representation of Party A. Party C shall bear the liability for its business activity.
(4) Party C (and its controlling company and the controlling company’s direct affiliates) hereby confirms that all existing business agreements entered into by and between Party A and Party B, the terms of breach of contract and termination of which shall be binding upon Party C.
(5) Party C has the rights to inspect and audit the accounting record and operation record related to the cooperation agreements between Party A and Party B.
Rights and Obligations of Party C. 4.1 Party C shall have the right to demand payment from Party B, and shall also have the right to demand payment from Party A in the event that Party B fails to pay as agreed.
Rights and Obligations of Party C. 1. Party C shall be responsible for the establishment of the management system, regulations and service processes for CCM members, and bear the relevant legal responsibilities arising wherefrom;
2. Party C shall be responsible for the establishment of the management system, regulations and service processes associated with CCM members bidding and consuming with the CCM joint consumption card, and bear the relevant legal responsibilities arising wherefrom;
3. Party C shall have the right to entrust a third party to expand CCM contracted merchants, and to establish the management system, regulations and service processes associated with the CCM merchants, and have the right to terminate the cooperation with CCM merchants which breach of the agreement;
4. Party C shall be responsible for the R & D management and technical support associated with the CCM consumption value-added distribution systems;
Rights and Obligations of Party C. (1) Party C and its direct affiliates must guarantee that it has the business premises which are suitable for business development and the business cooperation qualification for its cooperation with Party B.
(2) After Party B transfers its business rights and obligations with Party A to Party C, Party C and its direct affiliates guarantee that they will perform Party B’s cooperation business with Party A pursuant to such agreements, and bear the debt and cooperation obligations that have not been performed by Party B.
(3) After the execution of this Agreement, the relationship between Party C and Party A is business cooperation. Any business activity conducted by Party C shall not constitute any representation of Party A. Party C shall bear the liability for its business activity.
(4) Party C and its direct affiliates hereby confirm that all the existing business agreements entered into by and between Party A and Party B, the terms of breach of contract and termination of which shall be binding upon Party C.
(5) Party C has the rights to inspect and audit the accounting record and operation record related to the cooperation agreements between Party A and Party B.
Rights and Obligations of Party C. 3.3.1 In accordance with the relevant laws and regulations, Party A and Party B agree that Party C may incorporate program production companies (“Joint Venture Companies”) with the nominees of Party B for managing each of the digital pay channels it is entitled to operate. Party C shall enter into agreements with each of the Joint Venture Companies to authorize each of the Joint Venture Companies to exclusively manage each of the digital pay channels. The Joint Venture Companies shall be responsible for and enjoy all revenue from the operating funds, programs contents, sale of the channel, advertising, functions holding, collateral products and other operation business of the relevant digital pay channel. Party C, as the supervisor, shall have the rights and be responsible for editing, content reviewing and handling application process for the channels.
3.3.2 Party C shall incorporate the Joint Venture Companies respectively as agreed in Clause 3.3.1 above within 30 days following Party B’s becoming a shareholder holding 49% of its equity interests.
3.3.3 Party C and the Joint Venture Companies shall agree in the respective cooperation agreement that Party C undertakes to assist the relevant Joint Venture Companies to enter into digital pay television telecasting contracts with Dingshi or other local network provided that Party C shall request Dingshi or other local network as parties to the telecasting contracts to pay the revenue arising from the relevant digital pay channel directly to the accounts of the Joint Venture Companies upon incorporation of the Joint Venture Companies.
Rights and Obligations of Party C. (1) The first party authorizes the third party to sign the housing lease contract on behalf of the first party and manage the leased property; Party C accepts the commission of Party A to supervise and manage the lessee’s performance and use of the property on behalf of Party A; If Party B violates the provisions of this contract, Party C has the right to exercise all the rights and obligations of Party A under this contract in its own name, and has the right to propose to terminate this contract and demand that Party B bear the responsibility for breach of contract.
(2) If the lease term expires or this contract is terminated due to the breach of contract by Party B, Party C has the right to act on behalf of Party A to reclaim the leased property and complete relevant procedures.
Rights and Obligations of Party C. 4.1 Party C shall have the right to demand payment from Party B, and shall also have the right to demand payment from Party A in the event that Party B fails to pay as agreed. Guangzikeda Investment Management (Beijing) Co., Ltd. (seal) Beijing WiMi Hologram Cloud Software Co., Ltd. (seal)
Rights and Obligations of Party C. 6.1 Party C shall repay the Loan under this Contract and pay the interest hereunder in accordance with the date, amount, currency set forth in this Contract.
6.2 Party C shall not use the proceeds of the Loan for any usage not stipulated in this Contract.
6.3 Party C shall be liable for the expenses under this Contract, including but not limited to, expenses for notary service, authentication, evaluation and registration.
6.4 Party C shall comply with the operation procedure and the general practice of the Lender and loan application, including but not limited to, facilitating Lender’s examination and supervision on Borrower’s operation status, and providing all the financial statements, or any other data and information requested by Xxxxxx, and shall guarantee that such documents, data and information are true, complete and accurate.
Rights and Obligations of Party C. 1. Party C shall be entitled to collect property management fees and paid maintenance fees, and collect rent, utilities, maintenance fees of industrial power equipment and other related fees on behalf of Party A from Party B on time.
2. Party C shall be entitled to order Party B to rectify its defaults during the use of the leased Plant, and to apply for liquidated damages for its breach of the Contract.
3. Party C shall be obliged to provide Party B with corresponding property management services in accordance with the provisions of laws, regulations, and policies.
4. Party C shall be obliged to timely handle and respond to Party B’s complaints and reports against Party C’s personnel.
5. Party C shall be obliged to inform Party B in advance of any temporary water and power outages caused by water supply and power supply enterprises or by the maintenance and repair of water and electricity pipe networks; Party C shall inspect and repair the water and power outages caused by the aging of lines, pipelines, and other faults in the park in a timely manner and inform Party B of the relevant information in a timely manner.
