Examples of Likeshuo Education in a sentence
No shareholder shall assume any warranty or guarantee responsibility for the consequences of the act or inaction by Likeshuo Education or other Domestic Affiliates beyond its rights as shareholders.
Likeshuo Education Shareholders confirm to the WFOE, after the full investment of all capital contributions by the Likeshuo Education Shareholders to Likeshuo Education, such capital contribution shall be the assets of Likeshuo Education, Likeshuo Education Shareholders shall not, under any circumstances, require Likeshuo Education to repay the capital contribution and will not require for WFOE’ s compensation for the capital contribution.
The Pledgors are the registered shareholders who hold 100% of the equities of Likeshuo Education (corresponding to the registered capital of RMB 5 million).
The Parties agree that, subject to the applicable laws, WFOE has the right to immediately claim to the court or arbitration institution that has jurisdiction over the breach of contract by the Likeshuo Education Shareholders and Domestic Affiliates under the Cooperation Agreements for statutory relief or other remedies related to the equity or land or other assets held by the defaulting party.
Unless otherwise stipulated by law, in any case, neither the Likeshuo Education nor the Pledgors has the right to terminate or dissolve this Agreement unilaterally.
In any case, if any equities of Likeshuo Education are transferred to any third party other than the Likeshuo Education Shareholders, Likeshuo Education Shareholders are obliged to make the relevant transferee accept the rights and obligations under the Cooperation Agreements in writing and be bound by these rights and obligations.
Likeshuo Education Shareholders severally but not jointly covenant that they will procure and ensure that the above obligations are fulfilled.
The parties unanimously agree that WFOE shall have the right to submit the relevant breach of Likeshuo Education Shareholders or Domestic Affiliates to the arbitral institution for ruling and request enforcement.
When any legal proceedings, arbitration or other request occurs, which may have an adverse effect on the interests of the Pledged Equity or Pledgee under the Cooperation Agreements, the Likeshuo Education covenant that it will notify the Pledgee as soon as possible and in a timely manner, and, in accordance with the reasonable requirements of the Pledgee, take all necessary measures to ensure the Pledgee’s pledge rights to the Pledged Equity.
The assignee or permitted transferee (if any) of the Pledgor and the Likeshuo Education shall continue to perform the respective obligations of the Pledgors and the Likeshuo Education under this Agreement.