Three Funds Sample Clauses

Three Funds. After fully making up accumulated losses of previous years, if any, and payment of taxes in accordance with the relevant laws and regulations of the PRC, the Company shall allocate a percentage of its annual after-tax profit for contribution towards the Three Funds. The amount to be allocated to the Three Funds shall be decided by the Board of Directors on a yearly basis in accordance with the financial performance of the Company, in light of the relevant laws and regulations of the PRC.
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Three Funds. The Company shall make annual allocations for a reserve fund, ------------ an expansion fund and a welfare and bonus fund for its employees from its after-tax profits as the Board may deem fit.
Sample 1Sample 2See All (4)
Three Funds. The Company shall make allocations of after tax profits to a reserve fund, an enterprise expansion fund and a bonus and welfare fund for employees of the Company (collectively, the “Three Funds”), as determined by the Board in accordance with the business circumstances of the Company and applicable PRC Law. Any amounts to be contributed to such the Three Funds shall be set aside prior to distribution of after-tax profit.
Sample 1
Three Funds. The Company shall make allocations of after Tax profits to a reserve fund, an enterprise expansion fund and a bonus and welfare fund for employees of the Company (collectively, the “Three Funds”), as determined by the Board in accordance with the business circumstances of the Company and pursuant to applicable PRC Law. Any amounts to be contributed to such Three Funds shall be set aside prior to distribution of after-tax profits.
Sample 1
Three Funds refer to the employee welfare and bonus fund, the enterprise development fund and the reserve fund which the joint venture must withdraw as per the applicable laws and regulations; provided that the proportion to withdraw such funds shall be decided by the Board of Directors through resolutions of directors at any time.
Sample 1
Three Funds. The Company shall, in accordance with the relevant provisions of applicable Chinese law, its Articles of Association, and the business circumstances of the Company, make appropriate allocations of its annual after-tax profit to the Three Funds. When the aggregate amount of the Reserve Fund has reached 50% of the Company's Registered Capital, the Company may stop allocating additional funds to the Reserve Fund.
Sample 1

Related to Three Funds

  • Pre-Funding Account On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

  • Suspense Funds Schedule 4.1(o) is a true and correct list as of August 31, 1999 of all amounts held by the Partnership and/or Grande in suspense accounts, or otherwise, related to the Properties for the benefit or account of any other Person.

  • Tax Funds 49 Section 9.2. Insurance Premium Funds..........................................50 Section 9.3. Ordinary Capital Expenditures Funds..............................51

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

  • Equity Funds X. Xxxx Price International Funds, Inc. on behalf of: X. Xxxx Price Global Industrials Fund Income Funds

  • Reserve Funds Section 7.1.

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