Common use of PARTIES’ COMMITMENTS Clause in Contracts

PARTIES’ COMMITMENTS. 4.1 Target Company’s current business will maintain and continue in normal operations and no substantial change shall be made to their nature, scope or mode. 4.2 Neither Party A nor Target Company may be engaged in any omission or act which constitutes any representation or warranty herein or causes to violate any representation or warranty herein. 4.3 Without prior writing consent or requirement of Party B, the Target Company may not: 4.3.1 Purchase any equities or assets or dispose or change its existing investment; 4.3.2 Change any existing contract to which Party C is a party, which would have a material effect on Party C’s operation nature or scope; 4.3.3 Borrow or lend any amount or provide a guarantee; 4.3.4 Enter into any contract, agreement, arrangement or trade with Party A and the related parties of Party A or other shareholders of the Company and/or Party C’s related parties, unless such contract, agreement, arrangement or trade is made in normal commercial process on ordinary and fair trading principles.