Common use of Commitment and Guarantee Clause in Contracts

Commitment and Guarantee. The transferor guarantees that the equity transferred to the transferee in Article 1 of this contract is legally owned by the transferor.The transferor has the full and effective right of disposition.The Transferor guarantees that the equity transferred by it is free from any pledge or other security right and is not subject to recourse by any third party.

Commitment and Guarantee. 2.1 The transferor guarantees that the equity transferred to the transferee in Article 1 of this contract is legally owned by the transferor.. The transferor has the full and effective right of disposition.. The Transferor guarantees that the equity transferred by it is free from any pledge or other security right and is not subject to recourse by any third party. 2.2 Party A and the Target Company shall cooperate with Party B to carry out industrial and commercial, articles of association and other changes.