Common use of Responsibility of Party B Clause in Contracts

Responsibility of Party B. Besides other responsibilities as stipulated in other articles hereof, Party B shall be responsible for the following matters during the Joint Venture Term: (a) making its contribution to the registered capital of the Company in accordance with the terms and conditions of this Contract; (b) acting and causing its Directors to act at all times in good faith with respect to all matters relating to the business of the Company and this Contract and any other contracts and agreements pursuant to this Contract; (c) assisting the Company in obtaining all necessary approvals, registrations, permits and licenses from the relevant PRC authorities for the establishment and operation of the business hereunder of the Company; (d) assisting the Company in applying for and obtaining the most preferential tax reductions and exemptions and other investment incentives available under Laws and Regulations and policies applicable to the Company; (e) assisting the Company in liaising with the relevant authorities to effectively procure water supply, power supply, transportation, telecommunications, and such other things as required for the Company’s operations; (f) assisting the expatriate employees of the Company in obtaining all necessary entry visas and work permits and helping them in arranging for lodging, medical care and travel formalities in China; (g) assisting the Company in opening Renminbi and foreign currency bank accounts and in obtaining all necessary Renminbi loans from local banks; (h) assisting the Company in carrying out all import and customs declaration formalities with respect to equipment and office appliances imported by the Company; (i) assisting the Company in recruiting various types of qualified Chinese personnel in accordance with the needs and criteria of the Company; (j) assisting the Company in purchasing within China at reasonable cost all necessary equipment, office and telecommunications equipment; (k) assisting in keeping the Company up-to-date of Laws and Regulations and policies of the PRC government at national or local levels applicable to any aspect of the operation of the Company and assist the Company in complying with such Laws and Regulations; (l) handling other matters set forth in this Contract and as may be entrusted to the Company from time to time.