Common use of Representations and Warranties by Party A Clause in Contracts

Representations and Warranties by Party A. (1) Party A guarantees it has full, effective ownership and power of disposal over the assets to be transferred, and it will not cause damage to any third party’s rights and interests or raise any dispute; (2) Up to the execution date of the Agreement, Party A has never used the assets to be transferred for the purposes of transferring, pledging, paying a debt, holding as a collateral, or disposed in any other manner. Nor there is any debt or debt related dispute involved with the assets to be transferred. In addition, Party A has never used its rights and interests in Lianyungang Project as a pledge to any third party; (3) The assets to be transferred are in good condition and function as normal; (4) Party A guarantees that it has disclosed Lianyungang Project to Party B in an authentic, accurate and complete way and it has disclosed to Party B all related facts, matters or conditions in connection with performance of the original cooperation contract; (5) In order not to cause any damage to Party B’s rights and interests, Party A will not change terms of the original cooperation contract in any manner; (6) Party A does not owe any related personnel in the Accelerator Treatment Research Center any salary, bonus and marketing fees. If there is such a balance due, it shall be deducted from the project transfer payment. (7) Without Party B’s prior written consent, Party A, at Lianyungang Sheng’an Hospital, shall not work with any third party for any project that competes with Lianyungang Project; (8) Party A shall not initiatively deploy any key personnel in Lianyungang Project. (9) Party A will perform its obligations under the Agreement in accordance with the principle of honesty and good faith.

Appears in 1 contract

Sources: Transfer Agreement (Huiheng Medical, Inc.)

Representations and Warranties by Party A. (1) Party A guarantees it has full, effective ownership and power of disposal over the assets to be transferred, and it will not cause damage to any third party’s rights and interests or raise any dispute; (2) Up to the execution date of the Agreement, Party A has never used the assets to be transferred for the purposes of transferring, pledging, paying a debt, holding as a collateral, or disposed in any other manner. Nor there is any debt or debt related dispute involved with the assets to be transferred. In addition, Party A has never used its rights and interests in Lianyungang Liaocheng Project as a pledge to any third party; (3) The assets to be transferred are in good condition and function as normal; (4) Party A guarantees that it has disclosed Lianyungang Liaocheng Project to Party B in an authentic, accurate and complete way and it has disclosed to Party B all related facts, matters or conditions in connection with performance of the original cooperation contract; (5) In order not to cause any damage to Party B’s rights and interests, Party A will not change terms of the original cooperation contract in any manner; (6) Party A does not owe any related personnel in the Accelerator Treatment Research Center any salary, bonus and marketing fees. If there is such a balance due, it shall be deducted from the project transfer payment. (7) Without Party B’s prior written consent, Party A, at Lianyungang Sheng’an Liaocheng Traditional Chinese Hospital, shall not work with any third party for any project that competes with Lianyungang Liaocheng Project; (8) Party A shall not initiatively deploy any key personnel in Lianyungang Liaocheng Project. (9) Party A will perform its obligations under the Agreement in accordance with the principle of honesty and good faith.

Appears in 1 contract

Sources: Transfer Agreement (Huiheng Medical, Inc.)

Representations and Warranties by Party A. (1) Party A guarantees it has full, effective ownership and power of disposal over the assets to be transferred, and it will not cause damage to any third party’s rights and interests or raise any dispute; (2) Up to the execution date of the Agreement, Party A has never used the assets to be transferred for the purposes of transferring, pledging, paying a debt, holding as a collateral, or disposed in any other manner. Nor there is any debt or debt related dispute involved with the assets to be transferred. In addition, Party A has never used its rights and interests in Lianyungang Heze Project as a pledge to any third party; (3) The assets to be transferred are in good condition and function as normal; (4) Party A guarantees that it has disclosed Lianyungang Heze Project to Party B in an authentic, accurate and complete way and it has disclosed to Party B all related facts, matters or conditions in connection with performance of the original cooperation contract; (5) In order not to cause any damage to Party B’s rights and interests, Party A will not change terms of the original cooperation contract in any manner; (6) Party A does not owe any related personnel in the Accelerator Treatment Research Center any salary, bonus and marketing fees. If there is such a balance due, it shall be deducted from the project transfer payment. (7) Without Party B’s prior written consent, Party A, at Lianyungang Sheng’an Heze Huici Hospital, shall not work with any third party for any project that competes with Lianyungang Heze Project; (8) Party A shall not initiatively deploy any key personnel in Lianyungang Heze Project. (9) Party A will perform its obligations under the Agreement in accordance with the principle of honesty and good faith.

Appears in 1 contract

Sources: Transfer Agreement (Huiheng Medical, Inc.)