AIC Registration definition

AIC Registration shall refer to the registration or filing of the amendment to the registered capital, the shareholder and shareholding structure of the Company with the competent Administration of Industry and Commerce (the “AIC”) by the Company Side for purpose of consummation of the transaction under this Agreement. “Affiliate”, with respect to any individual person, shall mean his/her close relatives (i.e., any of his/her children, spouse, brothers, sisters and parents) and any other entity which is directly or indirectly, solely or jointly, controlled by such person and/or his/her close relatives; with respect to any other entity besides any individual person, shall mean any other entity that controls, is controlled by or under the common control by a third party with such entity. For the purpose of this definition, the “control” by one party over the other party shall mean such one party has, directly or indirectly, at least 50% voting power at such other party’s decision making authority.
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Examples of AIC Registration in a sentence

  • Matters that are not specified in the Pledge Agreement for AIC Registration shall be subject to the provisions of this Agreement.

  • In case of any matter not specified in the Pledge Contract for AIC Registration or any inconsistency between the Pledge Contract for AIC Registration and this Agreement, the provisions of this Agreement shall prevail.

  • If the law or governmental agency requires a Limited Partner to sign on the relevant documents for the AIC Registration Amendment in person, the Limited Partner shall unconditionally follow the General Partner’ instructions to sign such legal document as required for the AIC Registration Amendment.

  • All Partners agree that General Partner is hereby authorized to sign or authorize a representative to sign relevant legal documents and handle the AIC Registration Amendment.

  • If the law or government authority requires that the Limited Partner must sign on relevant documents of AIC Registration Amendment in person, the Limited Partners shall unconditionally follow the General Partner’s instructions to sign the legal documents as required for AIC Registration Amendment.

  • From thirty (30) business days following the Distributable Profits Payment Date or the completion date of the AIC Registration Procedures for the transfer of the equity interests in the Acquisition SPV (whichever is earlier) through the completion date of the AIC Registration Procedures for the Equity Transfer, the Seller shall pay to the Purchaser an amount equivalent to 0.03% of the sum of the Purchase Price and the Distributable Profits Compensation (RMB517,102,000) accrued on a daily basis.

  • The handling situation of the AIC Registration Amendment shall not affect the validity of the amendments of Schedule A and other terms necessary to be amended due to the amendments of Schedule A (if any).

  • No Partners may use the process of AIC Registration Amendment against the validity of the amendments of Schedule A and other terms necessary to be amended due to the amendments of Schedule A (if any), especially the validity of the mandatory withdrawal.

  • If the competent registration agency requires the Target Equities to be initially registered under the Seller’s name, the Seller and the Purchaser shall enter into another equity transfer agreement to effect the Equity Transfer pursuant to the terms hereunder within five (5) business days following the completion of the AIC Registration Procedures for Target Equities under the Seller’s name, and immediately submit relevant documents to effect the AIC Registration Procedures for the Equity Transfer.

  • In the event that the applicable law or governmental agency requires the Limited Partners to execute any documents related to the AIC Registration Amendment, the Limited Partners shall unconditionally follow General Partner’ instructions to sign the legal documents required by the AIC Registration Amendment.