Common use of the Land Use Rights Clause in Contracts

the Land Use Rights. Transfer Contract, the Supply Contract and the License Contract have been duly executed by the Parties thereto and become effective. The Parties agree that if any of the above conditions precedent has not been satisfied or waived by each Party within eighteen (18) months from the Company Establishment Date, or within any extended period of time as the Parties may agree in writing, then either Party shall have the right to terminate this Contract and the Articles of Association by written notice to the other Party, and neither Party shall have any right whatsoever to require any other Party to make any contribution to the registered capital of the JV Company or to require any other performance of this Contract or to claim any damages from the other Party. Any capital contribution actually made to the JV Company prior to the date on which this Contract is terminated pursuant to this Article 5.6 shall be returned forthwith to the Party which made such contribution to the greatest extent possible. Following approval of termination of this Contract by the Examination and Approval Authority, the Business License shall be returned for cancellation forthwith.”

the Land Use Rights. Transfer Contract, the Supply Contract and the License Contract have been duly executed by the Parties thereto and become effective. The Parties agree that if any of the above conditions precedent has not been satisfied or waived by each Party within eighteen (18) months from the Company Establishment Date, or within any extended period of time as the Parties may agree in writing, then either Party shall have the right to terminate this the Joint Venture Contract and the these Articles of Association by written notice to the other Party, and neither Party shall have any right whatsoever to require any other Party to make any contribution to the registered capital of the JV Company or to require any other performance of this the Joint Venture Contract or to claim any damages from the other Party. Any capital contribution actually made to the JV Company prior to the date on which this the Joint Venture Contract is terminated pursuant to this Article 5.6 shall be returned forthwith to the Party which made such contribution to the greatest extent possible. Following approval of termination of this the Joint Venture Contract by the Examination and Approval Authority, the Business License shall be returned for cancellation forthwith.”