Statement and Commitment Sample Clauses
A Statement and Commitment clause serves to formally declare the intentions, promises, or obligations of one or both parties within an agreement. Typically, this clause outlines specific actions or standards that a party agrees to uphold, such as adhering to certain ethical guidelines, maintaining confidentiality, or fulfilling particular deliverables. By clearly articulating these commitments, the clause ensures that both parties have a mutual understanding of their responsibilities, thereby reducing the risk of misunderstandings or disputes regarding expectations.
Statement and Commitment. 1. you acknowledge and understand that this Service is for legal and proper use only. you shall not use this Service for any illegal, infringing, or profitable activities and you shall bear full responsibility for subscribing and using this Service independently and completely.
2. you agree to and shall comply with the "Seven Limits" including laws and regulations, the socialist system, national interests, citizens' legitimate interests, public order, social moral conventions, and the authenticity of information. you shall not use your account, software, or this Service to create, copy, publish, or distribute any content that violates laws and regulations, or infringes upon the legal rights and interests of other users or third parties, including but not limited to posting, sending, disseminating, or storing content prohibited by national laws and regulations, that violates the legal rights of others, such as reputation right, portrait right, intellectual property, and trade secrets, and that involves the privacy, personal information, or data of others; publishing, sending, or disseminating harassing, advertising, overly promotional, or spam messages, or messages containing any sexual or suggestive content, as well as any other content that violates laws and regulations, policies, public order and morals, social ethics, or interrupts our normal operations and infringes upon the legitimate interests of other users or third parties.
3. you understand and agree that the service provider hereunder only provides neutral software technical services and cannot control the content of the information imported through this Service, nor can it control the users' behaviors. to ensure compliance with the applicable laws and regulations, the service provider reserves the right to review the content you publish, distribute, or store under this Service within a reasonable scope. this review does not constitute a commitment or warranty of the legality of user-generated content or actions, nor create any special legal relationship between users and the service provider regarding liability or conduct.
4. you shall be aware and understand that if the Company or our service partners discover or receive complaints or reports that your data or your use of this Service violates laws and regulations or this Agreement, we have the right to independently determine your actions and the applicable agreements, and to handle them accordingly, including immediately deleting such content...
Statement and Commitment. 1. Borrower statements as following:
(1) The Borrower is duly organized and valid under the law of the People's Republic of China and has the power and authority to own its property to consummate the transactions contemplated in this contract and join the litigation, The Borrower has the power to handle it assets used in operation.
(2) The Borrower is at its option to sign and perform this contract. It is the Borrower's true meaning and has the power to sign this contract and it is not breach it article of association or regulations or contracts. The procedure for signature and performance or this contract has been gone through and fully effectiveness. The Borrower already obtained or being obtained all permit, approval, file, registration related to the signing and carrying out the Contract.
(3) All documents, materials, reports and certificates provided to the Lender by the Borrower for consummation of the contract is true, real, complete and effective.
(4) The purpose of the Loan that the Borrower applied to the Lender is real, legal and no purpose to money laundering.
(5) The matter that may affect the Borrower and the Guarantor's financial situation or affect them to carry on the Contract. The Borrower shall not be hiding from Lender.
2. ▇▇▇▇▇▇▇▇'s commitments
(1) Provide the Lender the financial statement (including, but not limited, annual report, quarter report, monthly report) and other relevant documents as the Lender required.
(2) A reverse guarantee agreement or such similar agreement is signed between the Borrower and Guarantor related to the guarantee obligation of the Contract, such agreement shall not affect the Lender's equity under the Contract..
(3) Accept credit check and monitoring from the Lender with sufficient assistant and co-operation.
(4) Such events may affect the Borrower or Guarantor's financial situation or carrying on the Contract, including, but not limited to any format split, merger, joint venture, cooperation, jointly cooperation, dissolution, closedown, liquidation, transformation; planning to go public, involved into a material lawsuit or arbitration, or a material business operation difficulty situation and a material financial situation worsening, or the Borrower breaches other contracts, the Borrower shall provide a writing inform to the Lender; Any above action the Borrower takes that may affect the Borrower's repaying ability, ▇▇▇▇▇▇▇▇ shall inform ▇▇▇▇▇▇ in writing in time.
(5) The repayment to the Lender is prio...
Statement and Commitment. 1. Party A’s statement:
1) Party A is legally register and exist with full capacity for civil rights and civil conduct;
2) Signing and performing the contract is the true will of Party A, Party A has been granted all legal and valid authorizations before signing the contract. The contract does not form a default for other contracts signed and performed by Party A and other legal documents. It is Party A’s responsibility to complete all required approvals, registrations, permits and filings.
3) All document and information, financial statement, certificates and other materials provided by Party A to Party B are true, complete, accurate and effective.
4) All the transactions mentioned by Party A for apply specific credit line should be real and not for illegal purposes such as: money laundry.
5) No hidden events regarding Party A and guarantor’s financial and repayment abilities.
6) Party A and the loan project reach the national environmental standards, not in the list of the enterprises which have problems of energy consumption and pollution, don’t have the risk of energy consumption and pollution.
2. Party A’s commitment:
1) Party A shall submit the financial statements and other relevant information regularly, including but not limited to annual, quarterly and monthly financial reports.
2) Any counter-guarantee agreement between the guarantors and Party A will not affect the Party B’s underlying rights under this contract.
3) Cooperated in Party B’s exam and inspection on the utilization of the loan as well as Party A’s financials and operations.
4) Under circumstances Party A or Guarantor’s capability of performing the contract might be affected, Party A should notify Party B in written in time. Those circumstances included but not limited to merger, division, decrease of capital, equity transfer, investment, a substantial increase of debt financing, a major asset and credit assignment. Party A should notify Party B in time, when the following things occurred:
A. changes of articles of association, the scope of business, registered capital and legal representative of Party A or Guarantor.
B. Any form of management mode change, including joint operation, invest and cooperate with foreigners, contract management, reorganization, restructuring, listing plan.
C. Party A is involved in major litigation or arbitration, or property or collateral is seized, detained or regulated, or set new guarantee in collateral.
D. Out of business, dissolution, liquidation, ...
Statement and Commitment. 3.1 The statement and commitment made by Party B are as follows:
3.1.1 It has the complete rights and authorization to sign and perform this Agreement;
3.1.2 It performs this Agreement and the obligations under this Agreement and will not breach the laws, regulations and other agreements which is binding upon Party B, and no governmental approval or authorization is required;
3.1.3 No lawsuit, arbitration or other judicial or administrative proceedings which is pending or may materially affect the fulfillment of this Agreement exists;
3.1.4 It has disclosed the conditions which may have disadvantageous effects on the fulfillment of this Agreement to Party A;
3.1.5 It does not go bankrupt, and its financial status is steady and good;
3.1.6 Its holding of Party C’s equity has no pledge, security, liabilities and other undertakings of third party rights, and it is free from the claims of the third parties;
3.1.7 It will not set any pledge, liabilities and other undertakings of third party rights, and it will not dispose its holding equity to the parties other than Party A or its designated third party by means of transfer, bestowal, pledge or the other means;
3.1.8 The selection right it authorized to Party A shall be exclusive, and Party B shall not authorize the selection right or the similar rights to the parties other than Party A or its designated third party;
3.1.9 Within the validity term of this Agreement, the business of Party C shall be in conformity to the laws, regulations, rules and other management rules and guidelines issued by the competent governmental authority, and no circumstances which breaches the said regulations and causes gross disadvantageous effects on the business or assets of the company exists;
3.1.10 Maintain the good standing of Party C pursuant to the good financial and commercial standards and practices. Manage its businesses and handle the business affairs cautiously and effectively, make the best efforts to ensure the permit certificate, license and official documents, etc. required for the sustainable operation of Party C, and ensure that these permit certificate, license and official documents, etc. will not be cancelled, withdrawn or become invalid;
3.1.11 Upon the request of Party A, it shall provide all the operating and financial documents related to Party C;
3.1.12 Before Party A (or its designated third party) exercises the selection right and acquires all equities or interests from Party C, unless to be otherwise a...
Statement and Commitment. 1. The Borrower represents as follows:
(1) The borrower shall be legally registered and legally existing, and shall have the full civil rights capacity required for the signing and performance of this Contract capacity for action;
(2) The signing and performance of this Contract is based on the true intention of the Borrower, and has obtained legal and effective authorization in accordance with the requirements of its articles of association or other internal management documents, and will not violate any agreement, contract and other legal documents binding on the Borrower; The Borrower has or will obtain all relevant approval, permission, filing or registration required for the signing and performance of this Contract;
(3) All the documents, financial statements, vouchers and other materials provided by the Borrower to the Lender under this Contract are true Solid, complete, accurate and effective;
(4) The transaction background of the borrower’s application for the narrative business with the lender is true and legal, and does not involve money laundering, terrorist financing, proliferation financing of weapons of mass destruction, tax evasion, fraud and other illegal purposes, and the transaction does not involve the violation of the United Nations, China or other activities Sanctions that the lender considers necessary to apply;
(5) The Borrower does not conceal from the Lender any events that may affect the financial position and performance capacity of the Borrower and the guarantor;
(6) The borrower and the loan project meet the national environmental protection standards, and the energy consumption and pollution announced and identified by the relevant national departments For enterprises and projects with outstanding problems and ineffective rectification, there is no energy consumption and pollution risk;
(7) Other matters stated by the Borrower:
2. The Borrower undertakes to be as follows:
(1) Regularly or timely submit the financial statements (including but not limited to the annual, quarterly and monthly statements) and other relevant information to the lender as required by the lender; the Borrower shall ensure that it continuously meets the following financial indicators: negative assets of the Borrower
(2) If the Borrower has or will enter into a countersecurity agreement or similar agreement with the Contract guarantor for its warranty obligations, such The Agreement will not prejudice any rights of the Lender under this Contract;
(3) Ac...
Statement and Commitment. 1-1 You agree with the SF CIS philosophy of “service creates value”, you are committed to improve customers’ online shopping experience and you are willing to provide quality services to customers with SF.
1-2 You acknowledge that you have fully read, understood and accepted the entire content of this User Agreement before the application of the SF CIS service or before your use of the SF CIS service in a manner permitted by SF. Once you use the SF CIS service, you agree to comply with all the terms and conditions of this Agreement.
1-3 You agree that SF reserves all rights to unilateral changes or revisions to the User Agreement, which can be announced via the SF official website or any other channel at any time, provided that SF provides customers with at least 14 days prior notice before changes are to be implemented. If you continue to use SF CIS after the changes or revisions, it means that you have read and understand the revised agreement and accept that you will follow the new agreement. If you do not agree with the revised agreement, you will terminate the User Agreement and stop using SF CIS immediately.
1-4 You warrant that you are duly qualified or authorized to enter into this User Agreement.
1-5 You assure that before agreeing with this User Agreement and before using the SF CIS service you have already signed the credit account agreement with SF and that you will comply with the terms and conditions of it (SF Certified International Shipping User Agreement) at the same time.
Statement and Commitment. The Guarantor states and commits as follow:
1. The Guarantor is a corporate duly organized and valid under the law of the People’s Republic of China and has the power and authority to own its property to consummate the transactions contemplated in this contract and join the litigation, The Guarantor has the power to handle it assets used in business operation.
2. The guarantor is at its option to sign and perform this contract. It is the Guarantor’s true meaning and has the legal power under the Articles of corporate and bylaws to sign this contract. The Guarantor is a corporate, providing Guarantee shall be approved by a resolution through a board meeting, a shareholders meeting, a directors meeting following the Articles of Corporation; if any item of the Articles of Corporation describing the limitation of a Guarantee amount, the Guarantee amount under the Contract shall not be exceed the limitation. Singing the contract and carrying out it shall not breach its article of corporation or regulations or contracts.
3. All documents, materials, reports and certificates provided to the Creditor by the Debtor for consummation of the contract is true, real, complete and effective.
4. Accept checking and monitoring to operation situation, financial statement from the Creditor with sufficient assistant and co-operation.
5. No any material liability hiding from the Creditor as the contract being signed.
6. Such events may affect the Guarantor’s financial situation or carrying on the Contract, including, but not limited to any format split, merger, joint venture, cooperation, jointly cooperation, dissolution, closedown, liquidation, transformation; planning to go public, involved into a material lawsuit or arbitration, the Guarantor shall inform the Creditor in writing.
Statement and Commitment. 1. Party A statements as following:
(1) The Party A is duly organized and valid under the law of the People’s Republic of China and has the power and authority to own its property to consummate the transactions contemplated in this agreement and join the litigation, The Party A has the power to handle it assets used in operation.
(2) The Party A is at its option to sign and perform this agreement. It is the Party A’s true meaning and has the power to sign this agreement and it is not breach it article of association or regulations or agreements. The procedure for signature and performance or this agreement has been gone through and fully effectiveness. The Party A already obtained or being obtained all permit, approval, file, registration related to the signing and carrying out the Agreement.
(3) All documents, materials, reports and certificates provided to the Party B by the Party A for consummation of the agreement is true, real, complete and effective.
(4) The purpose of the single item granting credit operation that the Party A applied with the Party B is real, legal and no purpose to money laundering.
(5) The matter that may affect the Party A and the Guarantor’s financial situation or affect them to carry on the Agreement. The Party A shall not be hiding from Party B.
2. Party A commits as following:
(1) Provide the Party B the financial statement (including, but not limited, annual report, quarter report, monthly report) and other relevant documents as the Party B required.
(2) Accept checking the using of the granted credit line, checking and monitoring business operation and financing activities from the Party B with sufficient assistant and co-operation.
(3) A reverse guarantee agreement or such similar agreement is signed between the Party A and Guarantor related to the guarantee obligation, such agreement shall not affect the Party B’s equity under the Agreement.
(4) Such events may affect the Party A or Guarantor’s financial situation or carrying on the Contract, including, but not limited to any format split, merger, joint venture, cooperation, jointly cooperation, dissolution, closedown, liquidation, transformation; planning to go public, involved into a material lawsuit or arbitration, or a material business operation difficulty situation and a material financial situation worsening, or the Party A breaches other contracts, the Party A shall provide a writing inform to the Party B; Any above action the Party A takes that may affect the Par...
Statement and Commitment. Party A’s statement:
Statement and Commitment. The Mortgagor states and commits as following:
1. The Mortgagor is a corporate duly organized and valid under the law of the People’s Republic of China and has the power and authority to own its property to consummate the transactions contemplated in this contract and join the litigation, The Mortgagor has the power to handle it assets used in business operation
2. The Mortgagor shall ensure that no co-existent owner related to the Mortgage, otherwise, a writing consent shall be obtained from above co-existent owner. The Mortgagor shall deliver the writing consent to Mortgagee before signing the Contract.
3. The Mortgagor is at its option to sign and perform this contract. It is the Mortgagor’s true meaning and has the legal power under the Articles of corporate and bylaws to sign this contract. The Mortgagor is a corporate, providing Guarantee shall be approved by a resolution through a board meeting, a shareholders meeting, a directors meeting following the Articles of Corporation; if any item of the Articles of Corporation describing the limitation of a Guarantee amount, the Guarantee amount under the Contract shall not be exceed the limitation. Singing the contract and carrying out it shall not breach its article of corporation or regulations or contracts. The Mortgagor shall obtained or being obtained all necessary approval, permit, filed archive or registration for the Mortgage.
4. All documents, materials, reports and certificates provided to the Mortgagee by the Mortgagor for consummation of the contract is true, real, complete and effective.
5. The Mortgagor shall not hide any Security Interest on the Guaranty from the Mortgagee before the Contract is signed.
6. If any, new security interest occurs to the Guaranty, the Guaranty is sealed up or involved into a material lawsuit or arbitration, the Mortgagor shall inform the Mortgagee in time.
7. If the Guaranty is a project under construction, the Mortgagor shall commit that there is no a third party with a priority of compensation; if any, the Mortgagor shall commit to obtain a writing statement from above third party to give up the priority of compensation. And deliver the writing statement to the Mortgagee.