Payment of Registered Capital and Conditions Precedent Thereto Sample Clauses

Payment of Registered Capital and Conditions Precedent Thereto. Each Party agrees to make their first contribution of registered capital to the Company which shall not be less than 15% of the total amount of their respective portions of registered capital share within thirty (30) days after satisfaction of the conditions precedent listed below. The second registered capital contribution (namely 85% of the total registered capital) shall be made in full several times within a year after obtaining the copy of the business license. The Parties agree to hold a meeting of the Board of Directors as soon as possible after receiving the Business License of the Company to execute the Contracts listed in Article 4 and decide on a schedule for the balance of the registered capital in accordance with relevant regulations and construction needs. Conditions precedent to payment of registered capital are:
Sample 1
AutoNDA by SimpleDocs
Payment of Registered Capital and Conditions Precedent Thereto. (a) Subject to Article 5.04(c) below, each Party shall make its contribution to the registered capital of the Company in accordance with the schedule set forth in Appendix B.
Sample 1
Payment of Registered Capital and Conditions Precedent Thereto. Each Party agrees to make their first contribution of registered capital to the Company, which shall not be less than 15% of the total amount of their respective portions of registered capital share, within thirty (30) days after satisfaction of the conditions precedent listed below. The Parties agree to hold a Board of Directors meeting as soon as possible after receiving the Business License of the Company to execute the contracts listed below and decide a contribution schedule for the balance of the registered capital according to relevant regulations and construction need. Conditions precedent to payment of registered capital are:
Sample 1

Related to Payment of Registered Capital and Conditions Precedent Thereto

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Effective Date This Agreement shall become effective on the date (such date, the “Effective Date”) when each of the following conditions is satisfied (or waived) in accordance with the terms herein:

  • Conditions Precedent to Purchase The Purchase under this Agreement is subject to the conditions precedent that (a) Buyer shall have received on or before the date of such purchase those documents listed on Schedule A and (b) all of the conditions to the initial purchase under the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof.

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF DEVELOPER The obligations of Developer under this Agreement are conditioned upon the following:

  • Conditions Precedent to Each Loan The obligation of the Lenders to make each Loan, including the initial Revolving Loans on the Closing Date, and the obligation of the Agent to cause the Letter of Credit Issuer to issue any Letter of Credit shall be subject to the further conditions precedent that on and as of the date of any such extension of credit:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • CONDITIONS PRECEDENT TO EACH ADVANCE Lender’s obligation to make the initial Advance and each subsequent Advance under this Agreement shall be subject to the fulfillment to Lender’s satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

Time is Money Join Law Insider Premium to draft better contracts faster.