Common use of Changes of Circumstances Clause in Contracts

Changes of Circumstances. 1. As a supplement and without contravention with other provisions of the Series of Cooperation agreements, if at any time, due to the promulgation or amendment of any laws, regulations or rules of the PRC, or due to changes of the interpretation or applicability of such laws, regulations or rules, or due to changes of the relevant registration procedures, WFOE holds that keeping the validity of the Agreement or accepting exercise of the delegated rights becomes in the manner prescribed herein illegal or contrary to such laws, regulations or rules, the Appointor shall, as instructed by WFOE in writing and at the reasonable request of WFOE, take any action and/or sign any agreement or other document immediately to: a) keep the Agreement valid; and/or b) achieve the intent and purposes of the Agreement in the manner specified in the Agreement or in other manners.

Appears in 1 contract

Sources: School Sponsors’ and Directors’ Rights Entrustment Agreement (First High-School Education Group Co., Ltd.)

Changes of Circumstances. 1. As a supplement and without contravention with other provisions of the Series of Cooperation agreements, if at any time, due to the promulgation or amendment of any laws, regulations or rules of the PRC, or due to changes of the interpretation or applicability of such laws, regulations or rules, or due to changes of the relevant registration procedures, WFOE holds that keeping the validity of the Agreement or accepting exercise of the delegated rights becomes in the manner prescribed herein illegal or contrary to such laws, regulations or rules, the Appointor and the Subject Company shall, as instructed by WFOE in writing and at the reasonable request of WFOE, take any action and/or sign any agreement or other document immediately to: a) keep the Agreement valid; and/or b) achieve the intent and purposes of the Agreement in the manner specified in the Agreement or in other manners.

Appears in 1 contract

Sources: Shareholders’ Rights Entrustment Agreement (First High-School Education Group Co., Ltd.)