Use of Proceeds from the Sale of Purchased Shares. The Company will use the proceeds from the issuance and sale of the Purchased Shares for daily operation and business expansion of the Group Companies. Unless otherwise agreed to in writing by the Investors, no proceeds from the sale of the Purchased Shares shall be used (i) in the purchase of any securities, (ii) in the investment of any other entities, (iii) in the payment of any debt of any Group Company, or (iv) in the repurchase or cancellation of securities held by any shareholders of the Company.
Use of Proceeds from the Sale of Purchased Shares. The proceeds from the issuance and sale of the Purchased Shares shall only be applied or used for daily operation and development of the Principal Business, and shall in no event be applied or used to repay or settle any other indebtedness owing by any Group Company to any of its shareholders, directors, officers or any other Persons related in whatever respect with any of the foregoing parties which are not indicated in the Financial Statements and the Disclosure Schedule without the prior written consent of the Investor.
Use of Proceeds from the Sale of Purchased Shares. The proceeds from the issuance and sale of the Purchased Shares (the “Proceeds”) shall be used as investment capital of the HK Subsidiary and shall be subsequently used by the HK Subsidiary i) for purpose of its business expansion, capital expenditures and general working capital needs, or ii) as capital contribution by the HK Subsidiary into the FICE for purpose of business expansion, capital expenditures and general working capital needs of the FICE. The Proceeds shall not be used in the payment of any debts or obligations of any Group Company or its subsidiaries or in the repurchase or cancellation of securities held by any shareholders of the Group Companies or for any other purpose without the prior consent of the Investors.
Use of Proceeds from the Sale of Purchased Shares. The proceeds to the Company from the sale of the Purchased Shares (the “Proceeds”) shall be used for (i) business expansion, capital expenditures and general working capital in the Principal Business and (ii) providing loans to certain Seller Parties pursuant to the Loan Agreement attached as Exhibit E hereto (the “Founder Loan Agreement”).
Use of Proceeds from the Sale of Purchased Shares. The proceeds from the sale of the Purchased Shares (the “Proceeds”) shall be used by the Company and the WFOE in the manner set forth in a statement of use of proceeds to be agreed upon in writing between the Company, the WFOE and the Investors prior to the Initial Closing (the “Statement of Proceeds”).
Use of Proceeds from the Sale of Purchased Shares. The entire proceeds (less reasonable expenses) from the sale of the Purchased Shares shall be used for (i) expanding and sustaining the current network and establishing branches in other cities (ii) working capital, (iii) mergers and acquisitions of related businesses, or (iv) other uses approved by the Board.
Use of Proceeds from the Sale of Purchased Shares. The proceeds from the sale of the Purchased Shares hereunder shall be used for business expansion, capital expenditures and general working capital of the Group Companies.
Use of Proceeds from the Sale of Purchased Shares. The Company will use all the proceeds from the issuance and sale of the Purchased Shares for the repurchase of certain shares of the Company as approved under certain resolutions adopted by the Company’s shareholders.
Use of Proceeds from the Sale of Purchased Shares. The Aggregate Investment Amount, including the proceeds from the sale of the Purchased Shares hereof, shall be used for business development and working capital of the Company and its subsidiaries, including the Domestic Enterprise.
Use of Proceeds from the Sale of Purchased Shares. The proceeds from the issuance and sale of the Purchased Shares shall only be applied or used for the operation and development of the Principal Business and Target Business, and shall in no event be applied or used to repay or settle any other indebtedness owing by any Group Company to any of its shareholders, directors, officers or any other Persons related in whatever respect with any of the foregoing parties which are not indicated in the Financial Statements and the Company Disclosure Schedule without the prior written consent of the JD Buyco.
