Increase of Registered Capital. The Registered Capital of the Joint Venture may be increased by a unanimous resolution of the Board, which resolution shall stipulate the timing and other terms of such increase, with such increase subject to the approval of the Examination and Approval Authority and registration with the Registration Authority. If any Party chooses not to participate in any such additional investment in the Joint Venture, any other Party or Parties shall have the option to make the additional contribution to the Joint Venture's Registered Capital and the ownership percentages of the Parties' equity in the Joint Venture shall be adjusted accordingly.
Increase of Registered Capital. Any increase in the registered capital must be first agreed to by the Parties and unanimously approval by the Board of Directors before being submitted to the original Examining and Approving Authority of this Contract for approval. In principle, increases in registered capital will be met by the Parties in proportion to their then existing ownership interest in the Company's registered capital. Upon approval by such Examining and Approving Authority, the Company shall register the increase in registered capital with the local branch of the State Administration for Industry and Commence.
Increase of Registered Capital. 1. Capital increase resolution Except as otherwise agreed in Article 14, any increase in the Registered Capital of the JVC (“Capital Increase”) shall be approved by the shareholders representing more than two thirds (2/3) of the voting rights.
Increase of Registered Capital. (a) Any increase in the Registered Capital of the Company shall require approval by a unanimous vote of all directors present in person, by telephone or videoconference or by proxy at a duly constituted meeting thereof and shall be submitted to the Original Approval Authority for examination and approval. Upon receipt of the approval of the Original Approval Authority, the Company shall register the increase in Registered Capital with the appropriate AIC.
Increase of Registered Capital. (1) The Registered Capital of the Joint Venture may be increased by a unanimous resolution of the Board, which resolution shall stipulate the timing and other terms of such increase, with such increase subject to the approval of the Examination and Approval Authority and registration with the Registration Authority. If any Party chooses not to participate in any such additional investment in the Joint Venture, or if such Party fails to timely make its agreed contribution amount in full, the other Parties shall have the option to make the additional contribution to the Joint Venture’s Registered Capital (which contribution shall be made in proportion to the contributing Parties’ relative ownership of the Registered Capital, or as otherwise agreed by such contributing Parties) and the Percentages Interest of the Parties shall be adjusted accordingly.
Increase of Registered Capital. 6.2.1 During the term of the JV Company, upon approval by the Board and the Approval Authority, the registered capital of the JV Company may be increased or decreased in accordance with the capital requirements of the JV Company's business scale. Any increase or decrease of the registered capital of the JV Company shall be resolved unanimously by all the directors present at a meeting of the Board.
Increase of Registered Capital. Article 1: The Parties hereby agree that the registered capital of the Company be increased from RMB1,800,000 to RMB3,000,000 and that the Increased Registered Capital of RMB1,200,000 be subscribed by Party B in full.
Increase of Registered Capital. If the Registered Capital is increased pursuant to the terms and conditions of this Contract and applicable laws and regulations, each Party shall have the right (but not the obligation) to subscribe for such portion of the increased Registered Capital such that subsequent to the subscription such Party will maintain the percentage Equity Interest at that it held immediately prior to the relevant increase of the Registered Capital. Equity Joint Venture Contract
Increase of Registered Capital. 5.6.1 If the Board of the Joint Venture Company resolves to increase the registered capital of the Joint Venture Company after the Date of Establishment, then, unless the Parties otherwise agree, each of the Parties shall have the right to contribute to the increased registered capital in proportion to such Party’s percentage share in the registered capital of the Joint Venture Company at that time.
Increase of Registered Capital. If the valuation of PARTY A's contribution by the relevant authority is in excess of the amount stated in Article 5.03(a), Party A and B shall meet to determine and agree on the increase in the registered capital. Party B should correspondingly increase its proportional share of the registered capital. Any increase in the registered capital of the Company shall be contributed by the PARTIES in accordance with the ratio of each PARTY's share of the registered capital at the time of such increase and within the limit and in the form specified by the Board for such increase. In the event of either PARTY refusing or failing to contribute to the increase in the capital in full or in part, the same could be contributed by the other PARTY in addition to its respective share of the increase within the total increase in capital approved by the Board with the resultant changes in the proportions of the interests of each PARTY in the registered capital of the Company.
