Common use of STT GDC PTE Clause in Contracts

STT GDC PTE. LTD., a company incorporated under the laws of Singapore whose registered office is situate at ▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ #▇▇-▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (together with PERFECT SUCCESS LIMITED, the “Investors”). Reference is hereby made to that certain Subscription Agreement (the “Agreement”), dated [*], 2015, by and between the Company and the Investors. Capitalized terms used herein shall have the meaning set forth in the Agreement. THE UNDERSIGNED, as the authorized officer of the Company, hereby undertakes on behalf of the Company that the Company shall indemnify and hold the Investors harmless against any and all Indemnifiable Losses (as defined below) related to, resulting from, or arising in connection with: (a) Company’s non-utilization of the land under the land certificate number “昆国用(2013)DW21号”; (b) EDC Technology (Kunshan) Co., Ltd. (万国数据科技发展(昆山)有限公司)’s acceptance of the environment protection (环保验收) in respect of its possessed data center; (c) the Group Companies’ failure to pay full amount of social insurance and housing funds premiums as required under the PRC laws prior to Completion; and (d) the registration of the lease agreement entered into by each of the relevant Group Companies in respect of any data center site possessed and/or operated by such Group Company with the competent government authorities.

Appears in 2 contracts

Sources: Subscription Agreement (GDS Holdings LTD), Subscription Agreement (GDS Holdings LTD)