CNCBB definition
Examples of CNCBB in a sentence
If China Netcom has not performed such obligation, then subject to the liabilities of the parties set out in Clause 4, if PCCW incurs actual loss to an accumulated sum in excess of RMB5,000,000, PCCW has the right to request China Netcom or CNCBB to bear the liability for breach as set out in Clause 6 of this Agreement in respect of the breach of the representations and warranties under this Clause.
For the period from the date of signing of this Agreement to the Completion Date of Acquisition of Equity, CNCBB shall immediately notify PCCW in writing, if it discovers: (1) any material rights and obligations (including tax), litigation, dispute or any request or assertion of a third party subsisting in CNCBB, CNCBB Hangzhou or CNCBB Ningbo; and (2) relevant documents for transactions with an accumulated sum in excess of RMB1,000,000.
The Transferors shall entirely and beneficially own all the equity interests of CNCBB free from any security, lien and any other encumbrance prior to the Completion Date of Acquisition of Equity.
After the Completion Date of Acquisition of Equity, CNCBB shall be responsible for and shall assume the responsibility for all relationship of rights and obligations or any claim for compensation or litigation arising from CNCBB Hangzhou, CNCBB Ningbo and the assets retained in the original CNCBB entity (including the potential risks subsisting prior to the Completion Date of Acquisition of Equity).