Common use of Transitional obligations Clause in Contracts

Transitional obligations. From the signing date to the closing date, without the prior written consent of the transferee, the target company shall not, and other promising parties shall urge the target company not to: (1) Increase or decrease the registered capital of the target company, transfer the equity of the target company, or establish or allow the establishment of any rights burden on any part of the equity of the target company; (2) Merge, merge or be merged by any third party, or purchase any assets, or invest in any entity; (3) Revise the articles of association of the target company (except as expressly stipulated in the transaction documents); (4) Change any accounting method or accounting practice or system of the target company, except the changes required by the applicable accounting standards; (5) Enter into any contract, amend or adjust the terms of any existing contract, or agree to terminate any existing contract; (6) Providing loans to third parties or providing guarantees for the debts of any third party; Any debt incurred, inherited or incurred after the issuance of the financial report; (7) Initiate or settle any litigation, arbitration or administrative proceedings; (8) Take any action that may lead to the failure to meet any delivery preconditions stipulated in the transaction documents according to reasonable expectations, and take other actions that may bring real or potential adverse effects to the transactions under the transaction documents (including but not limited to making the statements or guarantees contained in this Agreement inaccurate or incorrect in any material respect); (9) Transfer the book cash of the target company through various means; (10) Make any arrangement, commitment or agreement on any of the above matters.

Transitional obligations. From the signing date to the closing delivery date, without the prior written consent of the transferee, the target company shall not, and other promising parties shall urge the target company not to: (1) Increase or decrease the registered capital of the target company, transfer the equity of the target company, or establish or allow the establishment of any rights burden on any part of the equity of the target company; (2) Merge, merge or be merged by any third party, or purchase any assets, or invest in any entity; (3) Revise the articles of association of the target company (except as expressly stipulated in the transaction documents); (4) Change any accounting method or accounting practice or system of the target company, except the changes required by the applicable accounting standards; (5) Enter into any contract, amend or adjust the terms of any existing contract, or agree to terminate any existing contract; (6) Providing loans to third parties or providing guarantees for the debts of any third party; Any debt incurred, inherited or incurred after the issuance of the financial report; (7) Initiate or settle any litigation, arbitration or administrative proceedings; (8) Take any action that may lead to the failure to meet any delivery preconditions stipulated in the transaction documents according to reasonable expectations, and take other actions that may bring real or potential adverse effects to the transactions under the transaction documents (including but not limited to making the statements or guarantees contained in this Agreement inaccurate or incorrect in any material respect); (9) Transfer the book cash of the target company through various means; (10) Make any arrangement, commitment or agreement on any of the above matters.

Transitional obligations. From the signing date to the closing delivery date, without the prior written consent of the transferee, the target company shall not, and other promising parties shall urge the target company not to: (1) Increase or decrease the registered capital of the target company, transfer the equity of the target company, or establish or allow the establishment of any rights burden on any part of the equity of the target company; (2) Merge, merge or be merged by any third party, or purchase any assets, or invest in any entity; (3) Revise the articles of association of the target company (except as expressly stipulated in the transaction documents); (4) Change any accounting method or accounting practice or system of the target company, except the changes required by the applicable accounting standards; (5) Enter into any contract, amend or adjust the terms of any existing contract, or agree to terminate any existing contract; (6) Providing loans to third parties or providing guarantees for the debts of any third party; Any debt incurred, inherited or incurred after the issuance of the financial report; (7) Initiate or settle any litigation, arbitration or administrative proceedings; (8) Take any action that may lead to the failure to meet any delivery preconditions stipulated in the transaction documents according to reasonable expectations, and take other actions that may bring real or potential adverse effects to the transactions under the transaction documents (including but not limited to making the statements or guarantees contained in this Agreement inaccurate or incorrect in any material respect); (9) Transfer the book cash of the target company through various means; (10) Make any arrangement, commitment or agreement on any of the above matters.