Common use of Handover Procedures Clause in Contracts

Handover Procedures. 2.1 After Party A has paid the equity transfer payment in accordance with the provisions of this agreement, the Company shall handle the relevant procedures for industrial and commercial registration, issue the corresponding register of shareholders and other handovers in accordance with the following procedures, and Party B shall ensure that the company handles the above procedures in accordance with the following procedures: 2.2 Party B and the company shall, within five working days after Party A pays the equity transfer payment in accordance with the agreement of this agreement, apply to the industrial and commercial administration department for the relevant registration and ensure that registration are completed within 20 working days after Party A pays the equity transfer payment; a copy of the new business license and the company’s articles of association (or amendments to the articles of association) will be provided to Party A within 20 working days after the completion of the industrial and commercial registration;