Common use of Statements and Undertakings Clause in Contracts

Statements and Undertakings. Party A represents as follows: 1. Party A is legally registered and existing lawfully, and has the full capacity for civil rights and civil conduct necessary for signature and performance hereof; 2. Signature and performance of this Agreement and individual agreements are based on the true intention of Party A, and have been legally and validly authorized according to its Articles of Association or other internal governing documents, and will not be in breach of any agreement, contract and other legal documents that are binding on Party A. Party A has obtained or will obtain all the relevant approvals, permits, filing or registration necessary for signature and performance hereof; 3. Any and all documents, financial statements, vouchers and other information provided by Party A to Party B under this Agreement and individual agreement are true, complete, accurate and valid; 4. The transaction background of Party A's application to conduct business with Party B is true, legal, and does not involve illegal purposes such as money laundering, terrorist financing, financing for the proliferation of weapons of mass destruction, tax evasion, fraud, etc., and does not violate the United Nations, China and other applicable sanctions; 5. Party A has not concealed from Party B events that may affect its and the Guarantor's financial position and contractual capacity. 6. The purpose of the loan and the source of repayment are true and legitimate. 1. According to the requirements of Party B, Party A shall regularly or promptly submit its financial statements (including but not limited to annual reports, quarterly reports, and monthly reports) and other relevant materials to Party B; 2. Party A shall accept and cooperate with Party B in the inspection and supervision of its use of the credit limit and related production, operation and financial activities; 3. If Party A signs a counter guarantee contract or similar contract with the Guarantor of this Agreement regarding its guarantee obligations, the contract will not prejudice any rights of Party B under this Agreement; 4. Prior to any merger, division, capital reduction, equity transfer, external investment that may affect its debt paying ability, provision of guarantees, substantial increase in debt financing, major asset and debt transfer, or other significant matters, Party A shall obtain the written consent of Party B in advance; Party A shall timely notify Party B in case of: A. Any change in the Articles of Association, business scope, registered capital or legal representative of Party A or Guarantor; B. B. Any form of joint operation, joint venture with foreign investors, cooperation, contracted operation, reorganization, restructuring, listing plan or other change in business mode; C. C. Being involved in any material lawsuit or arbitration cases, or sealing up, seizure or supervision of or on any properties or collateral, or establishment of any new guarantee over the collateral;