Compliance with Chinese Sample Clauses

Compliance with Chinese. WOFE" Regulations.. The parties acknowledge that approval from Xi'An City and/or Shaanxi provincial governments in the PRC may be required for transfer by JCA to NAGM and therefore give advance consent to nominal changes needed for such approval. If necessary, in the opinion of Chinese counsel, this may include transfer of 100% shares of JCA to Best Century Investment Limited (BCI), a Hong Kong entity, which is a nominee company of JCA, and JCA will be a wholly owned foreign entity (WOFE). Provided, however, that the nominal transfer shall not alter the valuation or operations of JCA. In that event, all of JCA's rights, responsibilities and benefits under this Agreement shall be assigned to and assumed by BCI.
Sample 1
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Compliance with Chinese. WOFE" Regulations. The parties acknowledge that approval from Shaanxi provincial governments in the PRC may be required for transfer by XXXX XXXXX to NAGM and therefore give advance consent to nominal changes needed for such approval. If necessary, in the opinion of Chinese counsel, this may include transfer of at least 80% shares of XXXX XXXXX to WOFE1 , then 100% shares of WOFE1 to WOFE2, then 100% shares of WOFE2 to NAGM, and finally XXXX XXXXX will be indirectly a foreign entity (WOFE). Provided, however, that the nominal transfer shall not alter the valuation or operations of XXXX XXXXX. In that event, all of XXXX XXXXX'x rights, responsibilities and benefits under this Agreement shall be assigned to and assumed by WOFE2. All PRC approvals shall be obtained within 115 days of the execution of this Agreement.
Sample 1
Compliance with Chinese. WOFE" REGULATIONS. The parties acknowledge that approval from Xi'an City and/or Shaanxi provincial governments in the PRC may be required for transfer by Success to Nevada Zhongke and therefore give advance consent to nominal changes needed for such approval. Provided, however, that the nominal transfer shall not alter the valuation or operations of Zhongke. In that event, all of Zhongke's rights, responsibilities and benefits under this Agreement shall be assigned to and assumed by the WOFE entity. All PRC approvals shall be obtained by as quickly as possible.
Sample 1

Related to Compliance with Chinese

  • Compliance with Xxxxx Xxxxx and Related Act requirements. All rulings and interpretations of the Xxxxx- Xxxxx and Related Acts contained in 29 CFR parts 1, 3, and 5 are herein incorporated by reference in this contract.

  • Compliance with FCPA Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

  • Compliance with Codes The School shall be located in facilities that comply with all applicable State and county building, zoning, fire, health, and safety code requirements.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • Compliance with Code comply and will procure that any Operator will comply with and ensure that the Ship and any Operator will comply with the requirements of the Code, including (but not limited to) the maintenance and renewal of valid certificates pursuant thereto throughout the Security Period;

  • Compliance with ADA The Company and its subsidiaries and each Real Property are currently in compliance with all presently applicable provisions of the Americans with Disabilities Act, as amended, except for any such non-compliance that would not, individually or in aggregate, reasonably be expected to have a Material Adverse Effect.

  • Compliance with Cuba Act The Company has complied with, and is and will be in compliance with, the provisions of that certain Florida act relating to disclosure of doing business with Cuba, codified as Section 517.075 of the Florida statutes, and the rules and regulations thereunder (collectively, the "Cuba Act") or is exempt therefrom.

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance with Legislation The Partner in all his dealings and in carrying on its business has complied with all applicable laws including The Regulations and all applicable Taxes Acts and environmental and planning legislation and qualifies in all respects with the terms of participation as prescribed in The Regulations.

  • Compliance with Agreements Promptly and fully comply with all Contractual Obligations to which any one or more of them is a party, except for any such Contractual Obligations (a) the nonperformance of which would not cause a Default or Event of Default, (b) then being contested by any of them in good faith by appropriate proceedings, or (c) if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

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