SHW Sample Clauses
The SHW clause, often referring to 'Statutory Health and Welfare' provisions, outlines the obligations and entitlements related to statutory health and welfare benefits within a contract. Typically, this clause specifies the types of benefits provided, such as health insurance, sick pay, or other welfare-related entitlements, and clarifies the employer's responsibilities in ensuring compliance with relevant laws. By clearly defining these terms, the SHW clause ensures that both parties understand their rights and obligations regarding health and welfare benefits, thereby reducing the risk of disputes and ensuring legal compliance.
SHW. After making payment of the SHW Subscription Amount to the Company, SHW will be deemed to have contributed Three Hundred Eighty-Five Thousand Three Hundred Ninety-Four Dollars ($385,394) to the capital of the Company in the form of cash and shares in ▇▇▇▇ Macau.
SHW. At the Closing (i) ▇▇▇▇ shall transfer to SHW the one (1) Class A Share currently owned by him, (ii) the Company shall deliver to SHW one (1) or more share certificates issued in the name of SHW representing the SHW Shares, duly executed by the Company, and (iii) SHW shall deliver to the Company payment of the SHW Subscription Amount in accordance with Section 2.4(a).
SHW. At the Closing, SHW shall pay to the Company in exchange for the SHW Shares the entire SHW Subscription Amount, by registered or certified bank check or wire transfer of immediately available funds, to the account or accounts designated by the Company.
SHW. SHW hereby undertakes to the Company and Wynn International that, in accordance with, and subject to, the terms and conditions of this Agreement, including, without limitation, Sections 2.3 and 2.4, it will (i) subscribe for the one hundred ninety-five (195) SHW Shares not currently owned by ▇▇▇▇, and (ii) pay the SHW Subscription Amount.
SHW. SHW has one (1) ordinary share outstanding which (i) is legally and beneficially owned by ▇▇▇▇, and (ii) constitutes one hundred percent (100%) of the issued and outstanding capital and equity interests in SHW.