Examples of Renren Group in a sentence
Renren shall not make, and shall not permit any other member of the Renren Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against either OPI or any other member of the OPI Group, or any other Person released pursuant to Section 4.1(b), with respect to any Liabilities released pursuant to Section 4.1(b).4.2 Indemnification by OPI.
If at any time or from time to time (whether prior to, at or after the Separation Time), OPI or any OPI Subsidiary shall, pursuant to the Separation, receive from Renren or another member of the Renren Group, or otherwise possess, any Asset that is not an OPI Asset, OPI or the applicable OPI Subsidiary shall promptly transfer, or cause to be transferred, such Asset to Renren or the applicable member of the Renren Group, and Renren or the applicable member of the Renren Group shall accept such Asset.
To the extent not covered under the Inter-Company Agreements, a member of the Renren Group, on the one hand, and a member of the Kaixin Group, on the other, may enter into interim services agreements from time to time covering the provision of various interim services, if any, including financial, accounting, legal, and other services by Renren Group to Kaixin Group or, in certain circumstances, vice versa.
OPI shall not make, and shall not permit any other member of the OPI Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against Renren or any other member of the Renren Group, or any other Person released pursuant to Section 4.1(a), with respect to any Liabilities released pursuant to Section 4.1(a).
Without limiting the generality of the foregoing, Renren will provide all required financial Information with respect to Renren Group to Renren’s Auditors in a sufficient and reasonable time and in sufficient detail to permit Renren’s Auditors to take all steps and perform all procedures necessary to provide sufficient assistance to Kaixin’s/CM Seven Star’s Auditors with respect to Information to be included or contained in Kaixin’s/CM Seven Star’s annual and quarterly financial statements.
The Parties agree that the Renren Group shall be entitled to all Income relating to the OPI Business in respect of any period (or any portion of any period) prior to the Separation Time and that the OPI Group shall be entitled to all Income relating to the OPI Business in respect of periods at and after the Separation Time.
Prior to any such transfer, OPI or the applicable OPI Subsidiary receiving or possessing such Asset shall hold such Asset in trust for Renren or the applicable member of the Renren Group.
The Renren Group has obtained all necessary internal approvals in order to approve the Transaction Documents and the transactions contemplated thereunder, including without limitation, necessary board and shareholder decisions have been passed by the Subscriber approving the subscription of shares hereunder, and necessary board resolution/executive director’s decision and shareholder resolution/decision have been passed by Beijing Qianxiang Wangjing Technology Development Co., Ltd.