Formation of the. ALLIANCE
Formation of the contract and its execution
Formation of the. RESTRUCTURING FUND (THE “RESTRUCTURING FUND”) Pursuant to the Agreement, Shenzhen HKBridge, coordinated with other independent lending General Partners, will set up the Restructuring Fund with the other General Partners. The total initial fund size of the Restructuring Fund is not more than RMB20.0 billion, of which qualified domestic institutional investor(s) would be responsible for a contribution of not more than RMB7.0 billion, and qualified foreign institutional investor(s) would be responsible for a contribution of USD2.0 billion (Approximately RMB13.0 billion). The qualified foreign institutional investors should contribute the subscribed amount into the Restructuring Fund in the PRC in accordance with relevant regulations and clause as described in the Agreement. Shenzhen HKBridge will be appointed as the manager of the Restructuring Fund and participating in the debt, asset and shareholding restructuring of Zhonghong, as mentioned in the Announcement. The duration of the Restructuring Fund is 3 years, the details of the Restructuring Fund should be governed by the final executed agreement of the Restructuring Fund. As at the date of this Announcement, the contribution of USD2.0 billion for the Restructuring Fund from foreign institutional investors have been subscribed, and some qualified domestic institutional investors are still under arrangement. Further announcement(s) in relation to the Restructuring Fund will be made by the Company in accordance with all applicable requirements of the Listing Rules and when appropriate.
Formation of the call - off Contract
Formation of the personal pay component The personal pay component is formed such that the new base hourly wage is subtracted from the employee’s new time rate (BHW + PPC). The amount remaining is the employee’s new personal pay component.
Formation of the. Subscription of the Lessee is established by the Lessee creating a Search Enquiry on his or her Account. The Subscription is entered into for the duration of 90 days and may start on any desired day of the month.
Formation of the. Company and effectiveness of this Agreement is contingent upon approval or non-objection by the OTS to the application/notice to be filed with the OTS by Los Padres to form an operating subsidiary pursuant to OTS Regulations. Los Padres will use good faith efforts in promptly submitting to the OTS all necessary filings and fees required to from an operating subsidiary. This Agreement is also subject to any conditions or terms imposed by the OTS, if any. If OTS approval or non-objection is not obtained then either party may declare this agreement null and void and each party shall bear its respective costs incurred in attempting to form the Company.
Formation of the. Company 2.1
Formation of the. JV ESI and MTA agree to form a JV to manage and control the joint activities intended under this Agreement. The JV shall not carry on its activities in a way that it could be construed to be a partnership for U.S. tax purposes and, ESI and MTA agree to take all reasonable step to avoid such classification. With regard to the recognition of tax attributes, any assets acquired by the JV shall be jointly owned in proportion to the working interest of the parties at the end of the calendar year in question.
