Predecessor Clause Samples

Predecessor. Any Person whose liabilities arising under any Environmental Law relating to the Leased Property have or may have been retained or assumed by Lessee, either contractually or by operation of law. Primary Intended Use. As defined in Section 7.2(b).

Predecessor. Any Person whose liabilities arising under any Environmental Law have or may have been retained or assumed by Lessee, either contractually or by operation of law, relating to the Leased Property. Primary Intended Use - As defined in Section 7.2(b). Proceeding - Any judicial action, suit or proceeding (whether civil or criminal), any administrative proceeding (whether formal or informal), any investigation by a governmental authority or entity (including a grand jury), and any arbitration, mediation or other non-judicial process for dispute resolution.. RCRA - The Resource Conservation and Recovery Act, as amended. Real Estate Taxes - All real estate taxes, including general and special assessments, if any, which are imposed upon the Land, and any improvements thereon.

Predecessor. “Predecessor” means with respect to any entity, any Entity that has been merged with or into, that has transferred material assets or Liabilities outside the ordinary course of business to or that is otherwise a predecessor to, such entity.

Predecessor. All representations and warranties by the Borrower shall, where applicable, relate to the business of Cementitious Materials, Inc. prior to the reverse merger with NaturalNano.

Predecessor. The foregoing need led to the creation and establishment of the Stanislaus Area Association of Governments on May 11, 1971, the subsequent approval of a Revised Joint Powers Agreement on May 28, 1974, and a subsequent approval of a Joint Powers Agreement establishing the Stanislaus Council of Governments on June 5, 2001.

Predecessor. Predecessor is authorized to issue a maximum of (i) 200,000,000 Class A ordinary shares, of which 15,693,333 are outstanding as of the date hereof, (ii) 10,000,000 Class B ordinary shares, of which 3,833,333 are outstanding as of the date hereof, and (iii) 5,000,000 preference shares, of which none are outstanding as of the date hereof. A total of 1,694,285 Predecessor Shares, all of which are Class A ordinary shares, are reserved for issuance with respect to the Predecessor Rights and Predecessor Units, and, except as contemplated by this Agreement or as set forth on Schedule 6.7(a), no other shares of capital stock or other voting securities of Predecessor are issued, reserved for issuance or outstanding. All issued and outstanding Predecessor Shares are duly authorized, validly issued, fully paid and nonassessable and not subject to or issued in violation of any purchase option, right of first refusal, preemptive right, subscription right or any similar right under any provision of Predecessor’s Organizational Documents or any contract to which Predecessor is a party or by which Predecessor is bound. Except as set forth in Predecessor’s Organizational Documents and in Schedule 6.7(a), there are no outstanding contractual obligations of Predecessor to repurchase, redeem or otherwise acquire any Predecessor Shares or any capital equity of Predecessor. Except as set forth in Schedule 6.7(a), there are no outstanding contractual obligations of Predecessor to provide funds to, or make any investment (in the form of a loan, capital contribution or otherwise) in, any other Person. Except as disclosed in the IPO Prospectus or on Schedule 6.7(a), there are no (i) outstanding subscriptions, options, warrants, rights (including phantom stock rights), calls, commitments, understandings, conversion rights, rights of exchange, plans or other agreements of any kind providing for the purchase, issuance or sale of any share of the Predecessor; (ii) to the Knowledge of the Predecessor, agreements with respect to any of the Predecessor Shares, including any voting trust, other voting agreement or proxy with respect thereto; or (iii) disputes, controversies, demands or claims as to any Predecessor Shares.

Predecessor. | Successor ----------- --------- Four | Eight Year months | months Year Ended ended | ended ended December 31, April 30, | December 31, December 31, 2002 2003 | 2003 2004 ▇▇▇ ▇▇▇ | ▇▇▇ ▇▇▇ ▇▇$ | PRC Federal statutory tax rate 30% 30% | 30% 30% 30% | Computed expected income tax expense - ( 225) | (2,075) (12,798) (1,546) Non-deductible expenses - 200 | - - - Preferential tax treatment - - | 2,075 (12,798) (1,546) ----- ----- | ----- ----- ----- | - ( 25) | - - - ===== ===== | ===== ===== ===== The Company is governed by the Income Tax Laws of the PRC. Being a Sino-foreign joint venture, the Company is exempt from income taxes for a period of two years commencing from its first profitable year and is entitled to a preferential income tax rate of 15% for three consecutive years commencing from its third profitable year. Thereafter, the profits will be charged at the full rate of 30%. WUHU FEISHANG MINING DEVELOPMENT CO., LTD. NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2002 FOUR MONTHS ENDED APRIL 30, 2003 EIGHT MONTHS ENDED DECEMBER 31, 2003 YEAR ENDED DECEMBER 31, 2004 (AMOUNTS IN THOUSANDS)

Predecessor. Any Person whose liabilities arising under any Environmental Law relating to the Leased Property have or may have been retained or assumed by Lessee, either contractually or by operation of law Primary Intended Use. As defined in Section 7.2(b). ErQceediniz. Anyjudicial action, suit or proceeding (whether civil or criminal), any administrative proceeding (whether forrnal or informal), any investigation by a govenunental authority or entity (including a grand jury), and any arbitration, mediation or other non-judicial process for dispute resolution.

Predecessor. Any Person whose liabilities arising under any Environmental Law relating to the Leased Property have or may have been retained or assumed by Lessee, either contractually or by operation of law PRIMARY INTENDED USE. As defined in Section 7.2(b).