Common use of Covenants of Party A Clause in Contracts

Covenants of Party A. 3.1 Party A shall complete the Modification Registration and shall undertake to obtain or cause the Target Company to obtain such approval or consent of and registration with the appropriate competent authorities as may be required to complete the Modification Registration, including without limitations the AIC, the Administration of Land and Resource, the Administration for Safe Production, the Administration for Safe Production of Coal, the tax authorities, the Administration of Technology Supervision and the Administration of Foreign Exchange. 3.2 From the Effective Date through the completion of the Modification Registration, Party A shall cause the Target Company to complete all necessary annual inspections. 3.3 From the Effective Date, if a third-party claim is made against Party B and/or the Target Company arising from any act or failure to act of Party A or the Target Company prior to the Effective Date, Party A shall indemnify Party B and the Target Company from such claim, and shall be liable to Party B and the Target Company for any and all damages and losses suffered by them arising from or relating to such claim.

Appears in 3 contracts

Sources: Equity Interests Transfer Agreement (Sinocoking Coal & Coke Chemical Industries, Inc.), Equity Interests Transfer Agreement (Sinocoking Coal & Coke Chemical Industries, Inc.), Equity Interests Transfer Agreement (Sinocoking Coal & Coke Chemical Industries, Inc.)