Warranties of Party B. 2.2.1 Unless having got prior written consent from Party A or [BEIJING HUATE XINGYE KEJI CO., LTD.], Party B shall not sell, transfer, mortgage or dispose of any rights or interest relating to the Equity Interest, or allow any creation of other Security Interest on the Equity Interest. However the Security Interest under this Agreement and the Equity Interest Pledge Agreement is not included.
Warranties of Party B. (a) The area of the requisitioned land for the Project shall be about 400 Mu. The Project will be constructed within the next four years. The area of the requisitioned land for the first phase construction of the Project shall be about 70 Mu. The Project shall become operational in October, 2007. The production capacity shall be 2,000 tons per month by September, 2008. The area of the requisitioned land for the second phase construction of the Project shall be about 130 Mu. The second phase construction shall be conducted in November, 2008 and shall finally meet the designed annual production capacity of 60,000 tons. The third phase construction shall be conducted in 2009. The annual production value shall be RMB 2.5 billion and the tax payment shall be RMB 0.1 billion respectively by 2011;
Warranties of Party B. 1. Party B is a BVI company wholly controlled by Xxxxx Xxxxx (a PRC citizen, ID: ), has the capacity for civil rights and civil conduct required for the execution and performance of this agreement and is capable of assuming civil liabilities independently.
Warranties of Party B. 1. Party B shall pay the rent for the Premises and all other payable fees on time.
