Material Actions Clause Example from Business Contracts

This example Material Actions clause appears in 3 contracts from 1 company

Material Actions. The Parties acknowledge and agree that the economic risk of the operation of the Business is being substantially assumed by JYBL and that the continued business success of JYBL is necessary to permit the Parties to realize the benefits of this Agreement. During the Term of this Agreement, the Parties therefore will ensure that JYBL does not take any Material Action without the advance written consent of YIBL, which consent will not be unreasonably withheld or delayed.
Found in Yichunfeng (China) Biohealth Ltd contract
Yichunfeng (China) Biohealth Ltd Contracts

Management Services Agreement between Yichunfeng International Biotechnology (China) Limited and Jiangxi Yichunfeng Biohealth Limited (May 20, 2019) (Filed With SEC on January 16, 2020)

Management Services Agreement between Yichunfeng International Biotechnology (China) Limited and Jiangxi Yichunfeng Biohealth Limited (May 20, 2019) (Filed With SEC on June 30, 2020)

Management Services Agreement between Yichunfeng International Biotechnology (China) Limited and Jiangxi Yichunfeng Biohealth Limited dated May 20, 2019 (Filed With SEC on November 24, 2021)