Lishui Mengxiang definition
Examples of Lishui Mengxiang in a sentence
After full and complete fulfillment of all the Contractual Obligations of the Pledgors and Domestic Affiliates, the Pledgee shall, in accordance with the requirements of the Pledgors, release the pledge and cooperate with the Pledgors to cancel the Equity Pledge registration on the register of shareholders of the Lishui Mengxiang and the Equity Pledge registration of the industrial and commercial registration authority.
Unless otherwise stipulated by law, in any case, neither Lishui Mengxiang nor the Pledgors has the right to terminate or dissolve this Agreement unilaterally.
Lishui Mengxiang is a limited liability company incorporated and legally existing under the laws of the PRC with independent legal entity.
The registered capital of Lishui Mengxiang is RMB 11,200,000, which has been paid by the Pledgors.
Lishui Mengxiang warrants to the Pledgee that the foregoing representations and warranties will be true, accurate and complete and will be completely comply with at any time and in any case before the Contractual Obligations are fully performed or the Secured Debts are fully settled.
The Pledgor or Lishui Mengxiang shall not transfer its rights, obligations or responsibilities under this agreement to any third party without the prior written consent of the Pledgee.
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 Contractual Agreements, Lishui Mengxiang 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.
Without the prior written consent of the Pledgee, Lishui Mengxiang will not assist or permit the Pledgors to establish any new pledge or any other encumbrance/restriction on the Pledged Equity, nor will they assist or permit the Pledgors to set any new pledge or any other encumbrances/restrictions on the equity interest of Domestic Affiliates they directly and/or indirectly hold.
Without the prior written consent of the Pledgee, Lishui Mengxiang will not assist or permit the Pledgors to transfer the Pledged Equity, nor will it assist the Pledgors to transfer the equity interest of Domestic Affiliates they directly and/or indirectly hold.
Lishui Mengxiang is a limited liability company formally established and validly existing under the laws of PRC, and is officially registered with the competent administrative department for industry and commerce.