Material Actions. The Parties acknowledge and agree that the economic risk of the operation of the Business is being substantially assumed by Party B and that the continued business success of Party A is necessary to permit the Parties to realize the benefits of this Agreement and the other Business Cooperation Agreements. During the Term of this Agreement, the Parties therefore will ensure that Party A does not take any Material Action without the advance written consent of Party B, which consent will not be unreasonably withheld or delayed.
Appears in 2 contracts
Sources: Management Services Agreement, Management Services Agreement (You on Demand Holdings, Inc.)
Material Actions. The Parties acknowledge and agree that the economic risk of the operation of the Business is being substantially assumed by Party B A and that the continued business success of Party A is necessary to permit the Parties to realize the benefits of this Agreement and the other Business Cooperation AgreementsAgreement. During the Term of this Agreement, the Parties therefore will ensure that Party A does not take any Material Action without the advance written consent of Party B, which consent will not be unreasonably withheld or delayed.
Appears in 1 contract
Sources: Management Services Agreement (You on Demand Holdings, Inc.)
Material Actions. The Parties acknowledge and agree that the economic risk of the operation of the Business is being substantially assumed by Party B and that the continued business success of Party A is necessary to permit the Parties to realize the benefits of this Agreement and the other Business Cooperation Agreements, if any. During the Term of this Agreement, the Parties therefore will ensure that Party A does not take any Material Action without the advance written consent of Party B, which consent will not be unreasonably withheld or delayed.
Appears in 1 contract
Sources: Management and Consulting Services Agreement (Tianhe Union Holdings Ltd.)
Material Actions. The Parties acknowledge and agree that the economic risk of the operation of the Business is being substantially assumed by Party B and that the continued business success of Party A is necessary to permit the Parties to realize the benefits of this Agreement and the other Business Cooperation Agreements, if any. During the Term of this Agreement, the Parties therefore will ensure that Party A does not take any Material Action without the advance written consent of Party B, which consent will not be unreasonably withheld or delayed.
Appears in 1 contract
Sources: Management and Consulting Services Agreement (China Unitech Group, Inc.)