Covenants of Party B. Party B hereby covenants as follows:
Covenants of Party B. Subject to the circumstances described under “Private Placement Procedures”, the parties acknowledge and agree that any Shares delivered by Party B to Party A on any Settlement Date will be newly issued Shares and when delivered by Party A (or an affiliate of Party A) to securities lenders from whom Party A (or an affiliate of Party A) borrowed Shares in connection with hedging its exposure to the Transaction will be freely saleable without further registration or other restrictions under the Securities Act, in the hands of those securities lenders, irrespective of whether such stock loan is effected by Party A or an affiliate of Party A. Accordingly, Party B agrees that the Shares that it delivers to Party A on each Settlement Date will not bear a restrictive legend and that such Shares will be deposited in, and the delivery thereof shall be effected through the facilities of, the Clearance System.
Covenants of Party B. 2.2.1 Without the prior written consent of Party A or Recon-JN, Party B shall not sell, transfer, mortgage or dispose of any rights or interest relating to the Equity Interest, or allow any creation of other security interests on the Equity Interest (excluding the Security Interest under this Agreement and the Equity Interest Pledge Agreement).
Covenants of Party B. Party B hereby agrees that, so long as either party has or may have any obligation under any Transaction, that:
Covenants of Party B. Party B covenants from the effective date of this Agreement as follows:
Covenants of Party B. (a) Beginning from the date of entry into this agreement, without prior written consent from Party A, not to sell, transfer, mortgage or dispose in any other form any legitimate or beneficial interest of equity interest in Party C held by Party B, or to approve any security interest related thereto, except the equity interest pledge of Party B set forth in the Equity Interest Pledge Agreement of Party B;
Covenants of Party B. Each Onshore Shareholder hereby jointly and severally covenants as follows:
Covenants of Party B. Party B hereby severally, not jointly and irrevocably covenants as follows: Excepted as otherwise provided herein, the Investor Party B only covenants as stated in the following Articles of 2.2.1, 2.2.4, 2.2.5, 2.2.6, 2.2.7, 2.2.8, 2.2.9, 2.2.10, 2.2.11, 2.2.12, 2.2.13, 2.2.14, and 2.2.15:
Covenants of Party B. Party B hereby undertakes that:
Covenants of Party B. 5.1 Without the prior written consent of Party A, Party B shall not directly or indirectly participate, be engaged in, involve or own, or use any information obtained from Party A to participate, be engaged in, involve or own, or hold any rights and interests or obtain any benefits in, any business that is the same as or competes or may compete with the business of Party A or its affiliated companies or persons.
