Examples of Meten Education in a sentence
No shareholder shall assume any warranty or guarantee responsibility for the consequences of the act or inaction by Meten Education or other Domestic Affiliates beyond its rights as shareholders.
The WFOE and/or the Proposed Listed Company has the right to decide whether to require a legal entity that is engaged in a competitive business to sign a full set of agreements similar to the Cooperation Agreements with the WFOE and/or other entities designated by the Proposed Listed Company within a reasonable time after obtaining written notice from the Meten Education Shareholders.
The Parties agree that, without WFOE ‘s prior written consent, the Domestic Affiliates and Meten Education Shareholders shall not transfer their rights and obligations under this Agreement to any other party.
The Meten Education shall not engage in or permit any behaviors or actions that may adversely affect the Pledgee’s interest under the Cooperation Agreements or the Pledged Equity.
This Agreement shall automatically terminate when the equity purchasers have fully exercised their options to purchase all the (direct and indirect) equities held by Meten Education Shareholders in Party B in accordance with the Exclusive Purchase Agreement.
Meten Education Shareholders confirm to the WFOE, after the full investment of all capital contributions by the Meten Education Shareholders to Meten Education, such capital contribution shall be the assets of Meten Education, Meten Education Shareholders shall not, under any circumstances, require Meten Education to repay the capital contribution and will not require for WFOE’ s compensation for the capital contribution.
In any case, if the shareholder and/or organizer rights of the Domestic Affiliates are transferred to any third party other than the existing shareholders and/or organizers of the Domestic Affiliates, Meten Education Shareholders and the existing shareholder and/or organizers of Domestic Affiliates 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.
This Agreement shall automatically terminate when the equity purchasers have fully exercised their options to purchase all the (direct and indirect) equities held by Meten Education Shareholders in Domestic Affiliates in accordance with the Exclusive Call Option Agreement.
With respect to any loss, damage, obligation and expense caused by any litigation, claim or other request against WFOE arising out of or arising from the service provided by WFOE as required by the Meten Education Shareholders and the Domestic Affiliates under this Agreement, the Meten Education Shareholders and the Domestic Affiliates shall severally but not jointly compensate WFOE and protect the WFOE from loss.
This agreement is valid for the entire period of the Target Company’s operating period and for the period of renewal according to PRC law, and shall be automatically terminated once WFOE has purchased all equities of Domestic Affiliates directly or indirectly held by Meten Education Shareholders in accordance with the Exclusive Purchase Agreement entered into among the Meten Education Shareholders, the Domestic Affiliates and the WFOE on the same date of this Agreement.