Where Party. A intends to carry out activity(ies) during the term of this Contract which may have an impact on the realization of Party B’s rights hereunder, Party A shall give Party B a [30] banking days prior written notice for its consent to such intended activity(ies) and shall further take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security in accordance with Party B’s instructions. The aforementioned activities shall include without limitation contracting, leasing, transformation to a stock company, forming an economic association with another enterprise, consolidation, merger, division, setting up a joint venture, application for suspension of production or for winding up or for bankruptcy
Where Party. A arranges Party B to take a leave or participate in festival activities during public holidays to which part of the citizens entitled, such as Women’s Day, Party B shall be deemed to have regularly worked and thus is entitled to salaries, and Party A does not need to pay overtime salary if Party B engages in regular work during said period.
Where Party. A transfers its rights and obligations to a replacement swap counterparty in accordance with paragraph (a)(B) above, Party B, at the direction of the Global Trust Manager, and each other party to this Agreement shall do all things necessary at the cost of Party A to novate the relevant rights and obligations to the replacement swap counterparty.
Where Party. A decides to exercise the exclusive call option pursuant to the provisions of Article 1.1 above, Party A shall issue a written notice (refer to the format as shown in Appendix IV to this Agreement) to Party B and state in the notice the proportion or quantity of the subject equity to be transferred, and the name and identity of the transferee. Party B and Party C shall provide all the necessary information and documents for the transfer of equity interests within seven days from the date of the notification by Party A, including but not limited to the “Equity Transfer Contract” and “Letter of Consent” signed in accordance with the format stipulated in Appendices II and III to this Agreement.
Where Party. B receives the vocational technical training during the validity of this Contract (including post transfer) at Party A’s expenses, if Party B violates this Contract, Party B shall pay Party A liquidated damages for Party A unconditionally.
Where Party. A pays independently, it shall summarize and report the use and payment of the loan to Party B on a monthly basis. Party A shall summarize and report the use and payment of the loan in the previous month to Party B at the latest within ten working days at the beginning of each month, and submit the actual payment list until the loan payment is completed. Please refer to Annex 4 for the format of summary report.
Where Party. A exercises its rights or realizes the rights of pledge at any time from the date this Agreement is executed to the date its rights of pledge expires, as set forth in Article 2.4 hereof, no lawful claim or justified intervention from other parties may be made.
Where Party. A confirms the agreement or a supplementary agreement by entering its Alipay membership password, such conduct shall have the same legal effect as that of Party A affixing an official seal.
Where Party. A transfers its rights and obligations to a replacement counterparty in accordance with sub-paragraph (i)(B) above, the Trustee, at the direction of the Manager, and each other party to this Agreement shall do all things reasonably necessary at the cost of Party A to novate the relevant rights and obligations to the replacement counterparty.
Where Party. A terminates the employment agreement according to Article 20 (i) herein, Party B shall be paid medical aid at the amount of no less than wages of 6 months; plus 50% of the abovementioned amount on a condition of Party B suffering serious illness and plus 100% of the abovementioned amount on a condition of Party B suffering fatal illness.
