Common use of Effectiveness, Modification and Termination Clause in Contracts

Effectiveness, Modification and Termination. 8.1 This Agreement shall enter into force from the date of signing and sealing by Parties and terminates when the term of authorization provided by this Agreement expires. 8.2 Prior to the expiration of this Agreement, if the Authorizer transfers all its stocks of [VIE] to Sina Company or other party agreed upon by Sina Company in written form in advance, the Authorizer shall not be bound by any provisions of this Agreement from the date of completing stock transfer. But the Authorizer shall notify the transferee in writing the existence of this Agreement during the transfer, and the transferee’s full consent to be bound by this Agreement shall be the precondition of transferring stock rights. 8.3 The Authorizer hereby irrevocably and permanently waives its right to rescind this Agreement at any time. 8.4 The Parties may modify and supplement this Agreement in written form with consents from both. Such modification and supplement signed by and between the Parties shall be part of this Agreement with equal legal effect to this Agreement. 8.5 The Authorizer hereby agrees that Sina Company shall have the right to terminate this Agreement from time to time without any reason by written notification rendered 10 days ahead and shall not bear any liability for breach. 8.6 Earlier termination of this Agreement shall not impose any effect upon the Parties’ rights and obligations occurred already according to this Agreement prior to the date of such termination.

Appears in 4 contracts

Sources: Agreement on Authorization to Exercise Shareholder’s Voting Power (Sina Corp), Agreement on Authorization to Exercise Shareholder’s Voting Power (Sina Corp), Agreement on Authorization to Exercise Shareholder’s Voting Power (Sina Corp)

Effectiveness, Modification and Termination. 8.1 This Agreement shall enter into force from the date of signing and sealing by Parties and terminates when the term of authorization provided by this Agreement expires. 8.2 Prior to the expiration of this Agreement, if the Authorizer transfers all its stocks of [VIE] Weimeng to Sina Company Weibo Technology or other party agreed upon by Sina Company Weibo Technology in written form in advance, the Authorizer shall not be bound by any provisions of this Agreement from the date of completing stock transfer. But the Authorizer shall notify the transferee in writing the existence of this Agreement during the transfer, and the transferee’s full consent to be bound by this Agreement shall be the precondition of transferring stock rights. 8.3 The Authorizer hereby irrevocably and permanently waives its right to rescind this Agreement at any time. 8.4 The Parties may modify and supplement this Agreement in written form with consents from both. Such modification and supplement signed by and between the Parties shall be part of this Agreement with equal legal effect to this Agreement. 8.5 The Authorizer hereby agrees that Sina Company Weibo Technology shall have the right to terminate this Agreement from time to time without any reason by written notification rendered 10 days ahead and shall not bear any liability for breach. 8.6 Earlier termination of this Agreement shall not impose any effect upon the Parties’ rights and obligations occurred already according to this Agreement prior to the date of such termination.

Appears in 3 contracts

Sources: Authorization to Exercise Shareholder’s Voting Power (WEIBO Corp), Authorization to Exercise Shareholder’s Voting Power (WEIBO Corp), Authorization to Exercise Shareholder’s Voting Power (WEIBO Corp)

Effectiveness, Modification and Termination. 8.1 This Agreement shall enter into force from the date of signing and sealing by Parties and terminates when the term of authorization provided by this Agreement expires. 8.2 Prior to the expiration of this Agreement, if the Authorizer transfers all its stocks of [VIE] IAD Company to Sina Company or other party agreed upon by Sina Company in written form in advance, the Authorizer shall not be bound by any provisions of this Agreement from the date of completing stock transfer. But the Authorizer shall notify the transferee in writing the existence of this Agreement during the transfer, and the transferee’s full consent to be bound by this Agreement shall be the precondition of transferring stock rights. 8.3 The Authorizer hereby irrevocably and permanently waives its right to rescind this Agreement at any time. 8.4 The Parties may modify and supplement this Agreement in written form with consents from both. Such modification and supplement signed by and between the Parties shall be part of this Agreement with equal legal effect to this Agreement. 8.5 The Authorizer hereby agrees that Sina Company shall have the right to terminate this Agreement from time to time without any reason by written notification rendered 10 days ahead and shall not bear any liability for breach. 8.6 Earlier termination of this Agreement shall not impose any effect upon the Parties’ rights and obligations occurred already according to this Agreement prior to the date of such termination.

Appears in 2 contracts

Sources: Authorization to Exercise Shareholder’s Voting Power (Sina Corp), Authorization to Exercise Shareholder’s Voting Power Agreement (Sina Corp)

Effectiveness, Modification and Termination. 8.1 This Agreement shall enter into force from the date of signing and sealing by Parties the parties and terminates when the term of authorization provided by this Agreement expires. 8.2 Prior to the expiration of this Agreement, if the Authorizer transfers all its stocks equity interests of [VIE] Weimeng Chuangke to Sina Company Weibo Technology or other party agreed upon by Sina Company Weibo Technology in written form in advance, the Authorizer shall not be bound by any provisions of this Agreement from the date of completing stock equity transfer. But the Authorizer shall notify the transferee in writing the existence of this Agreement during the transfer, and the transferee’s full consent to be bound by this Agreement shall be the precondition of transferring stock rightsequity interests. 8.3 The Authorizer hereby irrevocably and permanently waives its right to rescind this Agreement at any time. 8.4 The Parties parties may modify and supplement this Agreement in written form with consents from bothagreement. Such modification and supplement signed by and between the Parties parties shall be part of this Agreement with equal legal effect to this Agreement. 8.5 The Authorizer hereby agrees that Sina Company Weibo Technology shall have the right to terminate this Agreement from time to time without any reason by written notification rendered 10 days ahead and shall not bear any liability for breach. 8.6 Earlier termination of this Agreement shall not impose any effect upon the Partiesparties’ rights and obligations occurred already according to this Agreement prior to the date of such termination.. ​

Appears in 1 contract

Sources: Authorization to Exercise Shareholder’s Voting Rights (WEIBO Corp)

Effectiveness, Modification and Termination. 8.1 This Agreement shall enter into force from the date of signing and sealing by Parties and terminates when the term of authorization provided by this Agreement expires. 8.2 Prior to the expiration of this Agreement, if the Authorizer transfers all its stocks of [VIE] AAA to Sina Company or other party agreed upon by Sina Company in written form in advance, the Authorizer shall not be bound by any provisions of this Agreement from the date of completing stock transfer. But the Authorizer shall notify the transferee in writing the existence of this Agreement during the transfer, and the transferee’s full consent to be bound by this Agreement shall be the precondition of transferring stock rights. 8.3 The Authorizer hereby irrevocably and permanently waives its right to rescind this Agreement at any time. 8.4 The Parties may modify and supplement this Agreement in written form with consents from both. Such modification and supplement signed by and between the Parties shall be part of this Agreement with equal legal effect to this Agreement. 8.5 The Authorizer hereby agrees that Sina Company shall have the right to terminate this Agreement from time to time without any reason by written notification rendered 10 days ahead and shall not bear any liability for breach. 8.6 Earlier termination of this Agreement shall not impose any effect upon the Parties’ rights and obligations occurred already according to this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Authorization to Exercise Shareholder’s Voting Power (Sina Corp)