Business Cooperation Agreements definition
Examples of Business Cooperation Agreements in a sentence
This Agreement and the other Business Cooperation Agreements supersede any and all prior discussions and agreements (written or oral) between the Parties with respect to the exclusive cooperation arrangement and other matters contained herein.
The execution and perform of this Agreement by Party B will not contravene, conflict with, or result in violation of (i) any provision of the organizational documents of Party B; (ii) any resolution adopted by the board of directors or the equity holders of Party B; and (iii) any laws and regulations to which Party B or the transactions and relationships contemplated in this Agreement and the Business Cooperation Agreements are subject.
The execution and perform of this Agreement by CETL will not contravene, conflict with, or result in violation of (i) any provision of the organizational documents of CETL; (ii) any resolution adopted by the board of directors or the equity holders of CETL; and (iii) any laws and regulations to which CETL or the transactions and relationships contemplated in this Agreement and the Business Cooperation Agreements are subject.
The execution and perform of this Agreement by Party A will not contravene, conflict with, or result in violation of (i) any provision of the organizational documents of Party A; (ii) resolution adopted by the board of directors or the equity holders of Party A; and (iii) any laws and regulations to which Party A or the transactions and relationships contemplated in this Agreement and the Business Cooperation Agreements are subject.
The execution and perform of this Agreement by DSHK will not contravene, conflict with, or result in violation of (i) any provision of the organizational documents of DSHK; (ii) any resolution adopted by the board of directors or the equity holders of DSHK; and (iii) any laws and regulations to which DSHK or the transactions and relationships contemplated in this Agreement and the Business Cooperation Agreements are subject.
Each Party shall ensure that its designated Affiliates have the necessary conditions, resources and capabilities to carry out the relevant cooperation under this Agreement and/or the Specific Business Cooperation Agreements.
The Parties acknowledge and agree that the economic risk of the operation of the Business is being substantially assumed by Party B and that the continued business success of Party A is necessary to permit the Parties to realize the benefits of this Agreement and the other Business Cooperation Agreements.
Save as disclosed above, no other Directors was required to abstain from voting on the Board’s proposal for considering and approving such Business Cooperation Agreements or is regarded as having a material interest in such Business Cooperation Agreements.
Pursuant to such Business Cooperation Agreements, the Company and ZSIB, CIB and PIB will enter into agreements for the cooperation under specific projects.
As the highest applicable percentage ratio for the aggregated proposed annual caps of the brokerage commissions involved in such Business Cooperation Agreements is more than 0.1% but less than 5%, the Cooperation in Insurance Brokerage is only subject to the reporting, annual review and announcement requirements and is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.