Common use of Undertakings of both Parties Clause in Contracts

Undertakings of both Parties. 1 Party A undertakes that the equity title transferred from Party A is true and complete, without concealing any of the following issues: (1) Seizure of assets by enforcement authority; (2) Security over the interests and equities; (3) Concealment of assets; (4) Pending litigation; (5) Any other facts that may have impact on the truthfulness and completeness of the equity title.

Appears in 2 contracts

Samples: Contract for Equity Exchange (China Auto Rental Inc.), Contract for Equity Exchange (China Auto Rental Inc.)

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