Commitment and Guarantee. Party A guarantees that it has right to provide the above-mentioned site for use (including air conditioners, power supply, utilities equipment and other relevant auxiliary facilities within) for Party B. If any third party, in any condition and for any reason, takes objection to Party A’s ownership and/or right of use with the above-mentioned site or assets, and hence Party B’s rights under this annex cannot be fulfilled or are subject to any harm, Party A agrees to undertake and pay all the losses incurred to Party B. Party A promises to provide Party B’s auditors with the accounting records about Party A and its associated personnel concerning the associated transaction.
Commitment and Guarantee. 5.1 Each Party hereto represents, warrants and undertakes to the other Party that this Agreement is valid, effective and equally binding to the two Parties.
Commitment and Guarantee. 7.1 Party A hereby declares and guarantees as follows:
Commitment and Guarantee. 2.1 Party B guarantees that Party B possesses all qualifications necessary for transactions hereunder, whereby it’s entitled to carry out transactions hereunder and such conduct doesn’t violate provisions of laws and regulations of the People’s Republic of China and other regulatory and legal documents with binding effect.
Commitment and Guarantee. Party A and Party B agree that if the commitment and guarantee made by one party to the other according to this article are verified to be untruthful and misleading, resulting the losses to the other party, such party shall make corresponding compensation for the other party to avoid loss.
Commitment and Guarantee. 3.1 Both parties are formally registered, established and effective companies existing according to the various laws prevailing in the registration jurisdiction.
Commitment and Guarantee. 4.1 Parties of the Agreement are enterprise legal persons established and exiting in accordance with law and obtaining all authorization, approval and recognition for the increase in capital and share.
Commitment and Guarantee. Party A guarantees that Party A legally owns the equity to be transferred as prescribed in Article 1 hereof, and has the complete and effective right of disposition thereto. For the transferred equity, Party A guarantees that no pledge or other warranty has been set, and it is exempted from any recourse of the third person.
Commitment and Guarantee. 6.1 XFL undertakes that the administrative services shared with XFM shall be at the same standard and level of quality as the administrative services enjoyed by XFL and other members of the XFL Group.
