Common use of Service Providing Methodology and Financial Support Clause in Contracts

Service Providing Methodology and Financial Support. 1.5.1 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, methods, personnel, and fees for the specific services. 1.5.2 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property lease agreements with Party A or any other party designated by Party A which shall permit Party B to use Party A’s relevant equipment or property based on the business needs of Party B. 1.5.3 Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, and at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer agreement, specifying the terms and conditions of the transfer of the assets. 1.5.4 In order to ensure that the cash flow requirements in the ordinary course of business of Party B are satisfied and/or offset any losses arising from its course of business, Party A may provide financial support for Party B depending on the actual conditions ( but only within the scope and in a manner permitted by PRC laws). Party A may provide financial support for Party B by means of bank entrusted loans or other applicable lending methods, and enter into separate necessary agreements with Party B.