Examples of Yirendai Group in a sentence
CreditEase Group shall direct all the borrowers that meet Yirendai Group’s borrower criteria to Yirendai Group per the aforesaid request, and only when Yirendai Group rejects a borrower and so informs CreditEase Group can CreditEase Group offer the borrower any loan products and services of CreditEase Group.
During the Non-Competition Period, Yirendai will not, and will cause each of the other members of the Yirendai Group not to, directly or indirectly be engaged, invest, participate or otherwise be interested, whether on its own account or with each other or in conjunction with or on behalf of any person, in (i) the CreditEase Business or (ii) any business that is of the same nature as the CreditEase Business, in each case unless as may otherwise be approved in writing by CreditEase.
If CreditEase or Yirendai creates or develops any Improvements to the CreditEase Owned Intellectual Property during the term of this Agreement, such Improvements shall be deemed a part of the CreditEase Owned Intellectual Property for the purposes of this Agreement and licensed to Yirendai Group pursuant to the license granted in Section 2.1.
During the Non-Competition Period, CreditEase will not, and will cause each of the other members of the CreditEase Group not to, other than through the Yirendai Group, directly or indirectly be engaged, invest, participate or otherwise be interested in, whether on its own account or with each other or in conjunction with or on behalf of any person, (i) the Yirendai Business or (ii) any business that is of the same nature as the Yirendai Business.
During the Non-Competition Period, Yirendai will not, and will cause each of the other members of the Yirendai Group not to, directly or indirectly be engaged, invest, participate or otherwise be interested in, whether on its own account or with each other or in conjunction with or on behalf of any person, (i) the CreditEase Business or (ii) any business that is of the same nature as the CreditEase Business.
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Good and valid title to the equity interests transferred or to be transferred to the Yirendai Group pursuant to the Equity Transfer Documents will be passed to the applicable Yirendai Group Companies upon consummation of the equity transfers contemplated under the Equity Transfer Documents.
Section 5.1 If CreditEase or Yirendai creates or develops any Improvements to the CreditEase Owned Intellectual Property during the term of this Agreement, such Improvements shall be deemed a part of the CreditEase Owned Intellectual Property for the purposes of this Agreement and licensed to Yirendai Group pursuant to the license granted in Section 2.1.
Each Yirendai Group Company has requisite legal power and authority to execute, deliver and perform its obligations under this Agreement and the other Transaction Documents to which it is a party and to consummate the transactions contemplated hereby and thereby.
CreditEase shall promptly provide information to Yirendai, as Yirendai may from time to time reasonably request, regarding the status of completion of the transactions contemplated in the Transaction Documents (including the percentage of the Contributed Assets subject to the Specified Transaction Documents that have been duly transferred to the Yirendai Group) and CreditEase’s anticipated timing of the Closing.