Business of the Group Companies. The business of each Group Company shall be restricted to the Business, except with the approval of the Board and any required approvals under Section 18.
Business of the Group Companies. Prior to entering into any proposed new business other than those in the scope of the Principal Business, each Seller Party shall use its best efforts and take all necessary actions to implement and carry out the new business plan subject to the prior written approval of the Preferred Majority (as defined in the Shareholders Agreement), including, without limitation, hiring key employees, renting office space, employing legal and technical consultants and undertaking other customary business activities. From the Closing and until the new business plan is duly amended in accordance with all necessary procedures, the business of the Group Companies shall be limited to the Principal Business.
Business of the Group Companies. Except for holding the interest in the applicable Subsidiaries, neither the Company nor the HK Subsidiary shall engage in any business or operations without the consent of the Majority Shareholders. The business of each other Group Companies shall be restricted to the Business, except with the approval of the Board and any required approvals under Section 11.
Business of the Group Companies. Except as otherwise approved by the Board and the shareholders of the Company in accordance with the Amended M&AA, (i) the business of the Company shall be restricted to the holding, management and disposition of Equity Securities in the Cayman Holdco I and Cayman Holdco II, (ii) the business of the Cayman Holdco I shall be restricted to the holding, management and disposition of Equity Securities in the HK Holdco I and HK Holdco III, (iii) the business of the Cayman Holdco II shall be restricted to the holding, management and disposition of Equity Securities in the HK Holdco II, (iv) the business of the HK Holdco I shall be restricted to the holding, management and disposition of Equity Securities in the WFOE I, (v) the business of the HK Holdco II shall be restricted to the holding, management and disposition of Equity Securities in the WFOE II, (vi) the business of the HK Holdco III shall be restricted to the holding, management and disposition of Equity Securities in the WFOE III and WFOE IV; (vii) the business of each Founder Holding Company shall be restricted to the holding, management and disposition of Equity Securities in the Company, (viii) the business of each Domestic Company shall be restricted to the Principal Business, and (vix) the business of each WFOE shall be in line with the business scope as indicated in its business license.
Business of the Group Companies. The business of each Group Company shall, and the Founders shall cause the business of each Group Company to, be restricted to the Business, except with the approval of the Board.
Business of the Group Companies. Prior to entering into any proposed new business other than those in the scope of the Principal Business, each Group Company shall use its best efforts and take all necessary actions to implement and carry out the new business plan subject to the prior written approval of the Board, including, without limitation, hiring key employees, renting office space, employing legal and technical consultants and undertaking other customary business activities. From the Closing and until the new business plan is duly amended in accordance with all necessary procedures, the business of the Group Companies shall be limited to the Principal Business.
Business of the Group Companies. Prior to entering into any proposed new business other than those in the scope of the Principal Business, each Seller Party shall use its best efforts and take all necessary actions to implement and carry out the new business plan subject to the prior written approval of the holders of more than two-thirds (2/3) of the then issued and outstanding Series A Preferred Shares and holders of more than seventy-five percent (75%) of the then issued and outstanding Series B Preferred Shares (calculated on an as-converted and fully-diluted basis) and prior written approval of directors of the Company (including at least one affirmative vote of the Series B Director), including, without limitation, hiring key employees, renting office space, employing legal and technical consultants and undertaking other customary business activities. From the Closing and until the new business plan is duly amended in accordance with all necessary procedures, the business of the Group Companies shall be limited to the Principal Business.
Business of the Group Companies. Except for holding the interest in the applicable Subsidiaries, the Company shall not engage in any business or operations without the consent of the Majority Investor Directors and at least one of the Principal Directors. The business of each other Group Companies shall be restricted to the Business, except with the approval under Section 10.
Business of the Group Companies. The Company shall procure that the Group Companies shall (i) conduct their respective business in compliance with all material respects with all applicable Laws and (ii) obtain, make and maintain in effect, all Consents, permits, approvals, authorizations, registrations and filings from the relevant Governmental Authority or other Persons required (including any required approvals under Section 16) in respect of the due and proper establishment and operations of each Group Company as now conducted in accordance with applicable Laws and regulations.
Business of the Group Companies. The Group Companies shall, and the Founders and the Founder HoldCos shall cause the Group Companies to, restrict their business to the Principal Business and to conduct their business in accordance with all applicable laws in all material respects.
