Common use of OTHER APPOINTMENTS Clause in Contracts

OTHER APPOINTMENTS. 1. Without the written consent of Party B, Party A shall not assign any rights and obligations hereunder and the Individual Agreement to any third party. 2. If Party B has to entrust other institutions of Bank of China Limited to perform the rights and obligations under this Agreement and Individual Agreement due to business needs, Party A shall acknowledge that;Other institutions of Bank of China Limited authorized by Party B shall have the right to exercise all rights under this Agreement and Individual Agreement, and shall have the right to bring a lawsuit to a court or submit the dispute under this Agreement and Individual Agreement to an arbitration institution for arbitration. 3. Without affecting the other provisions of this Agreement and the Individual Agreement, this Agreement shall be legally binding on both parties and their successors and assigns according to law. 4. Unless otherwise agreed, the parties shall specify the address of correspondence and contact as set forth in this Agreement, and the delivery address as confirmed by both parties to be valid. The applicable scope of service address includes the delivery of all kinds of notices, agreements and other documents during the performance of the contract between the parties, as well as relevant documents and legal documents in the event of disputes arising from this Agreement, as well as the first instance, second instance, retrial and execution procedures after the disputes enter into arbitration and civil proceedings. In case of any change of the above address, the changing party shall inform the other party of the changed address in writing 10 working days in advance. In arbitration and civil proceedings, either party shall perform the obligation to serve notice of the change of address to the arbitration institution or the court when its address is changed. If either party fails to perform the notification obligation in the foregoing manner, the address for service confirmed herein shall still be deemed to be the effective address for service. If the legal document is not actually received by one party due to the inaccurate address provided or confirmed by one party or the timely notification of the other party and the court after the change of the address of service in accordance with the procedures, or the designated receiver refuses to sign for it, the date on which the document is returned shall be deemed as the date on which it is served. If the document is served directly, the date on which the sender records the information on the return certificate of service shall be deemed as the date on which it is served. 5. The headings and business names in this Agreement are used for convenience only and shall not be used to interpret the contents of this Agreement or the rights and obligations of the parties. 6. If Party B is unable to perform this Agreement or perform as agreed herein due to changes in laws, regulations, regulatory provisions or requirements of regulatory authorities, Party B shall have the right to terminate or modify the performance of this Agreement and the Individual Agreements hereunder in accordance with changes in laws, regulations, regulatory provisions or requirements of regulatory ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇ B shall be exempted from liability if the Agreement is terminated or modified for such reasons and Party B is unable to perform or perform as agreed herein. 7. Party A may consult and complain about this Agreement and the business hereunder through Party B's telephone number listed herein.

Appears in 1 contract

Sources: Line of Credit Agreement (Planet Image International LTD)

OTHER APPOINTMENTS. 1. Without the written consent of Party B, Party A shall not assign any rights and obligations hereunder and the Individual Agreement to any third party. 2. If Party B has to entrust other institutions of Bank of China Limited to perform the rights and obligations under this Agreement and Individual Agreement due to business needs, Party A shall acknowledge that;Other that; Other institutions of Bank of China Limited authorized by Party B shall have the right to exercise all rights under this Agreement and Individual Agreement, and shall have the right to bring a lawsuit to a court or submit the dispute under this Agreement and Individual Agreement to an arbitration institution for arbitration. 3. Without affecting the other provisions of this Agreement and the Individual Agreement, this Agreement shall be legally binding on both parties and their successors and assigns according to law. 4. Unless otherwise agreed, the parties shall specify the address of correspondence and contact as set forth in this Agreement, and the delivery address as confirmed by both parties to be valid. The applicable scope of service address includes the delivery of all kinds of notices, agreements and other documents during the performance of the contract between the parties, as well as relevant documents and legal documents in the event of disputes arising from this Agreement, as well as the first instance, second instance, retrial and execution procedures after the disputes enter into arbitration and civil proceedings. In case of any change of the above address, the changing party shall inform the other party of the changed address in writing 10 working days in advance. In arbitration and civil proceedings, either party shall perform the obligation to serve notice of the change of address to the arbitration institution or the court when its address is changed. If either party fails to perform the notification obligation in the foregoing manner, the address for service confirmed herein shall still be deemed to be the effective address for service. If the legal document is not actually received by one party due to the inaccurate address provided or confirmed by one party or the timely notification of the other party and the court after the change of the address of service in accordance with the procedures, or the designated receiver refuses to sign for it, the date on which the document is returned shall be deemed as the date on which it is served. If the document is served directly, the date on which the sender records the information on the return certificate of service shall be deemed as the date on which it is served. 5. The headings and business names in this Agreement are used for convenience only and shall not be used to interpret the contents of this Agreement or the rights and obligations of the parties. 6. If Party B is unable to perform this Agreement or perform as agreed herein due to changes in laws, regulations, regulatory provisions or requirements of regulatory authorities, Party B shall have the right to terminate or modify the performance of this Agreement and the Individual Agreements hereunder in accordance with changes in laws, regulations, regulatory provisions or requirements of regulatory ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇ authorities. Party B shall be exempted from liability if the Agreement is terminated or modified for such reasons and Party B is unable to perform or perform as agreed herein. 7. Party A may consult and complain about this Agreement and the business hereunder through Party B's ’s telephone number listed herein.

Appears in 1 contract

Sources: Line of Credit Agreement (Planet Image International LTD)