Beijing Vizeum definition
Examples of Beijing Vizeum in a sentence
For the purpose hereof, the term “Material Contract” shall mean all agreement, contract, instrument, promise or undertaking to which the Company and/or Beijing Vizeum is a party or by which it or its assets or properties are bound that involve or potentially involve amounts of One Million Hong Kong Dollars (HK$1,000,000) or more in the aggregate.
Accordingly, Beijing Vizeum agrees that in the event of such failure, Licensor shall be entitled to equitable relief by way of temporary and permanent injunction and such other and further relief as any court of competent jurisdiction may deem just and fair.
Authorized Share Capital : HK$10,000 Issued Share Capital : HK$100 Shareholder : Shareholder No. of Shares Posterscope Advertising Limited 100 Directors : ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇; ▇▇▇, ▇▇▇▇ Fen; Sung, Yi Ping; ▇▇▇▇▇▇, ▇▇▇▇▇ Secretary : ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Registered Charge : Nil Beijing Vizeum Advertising Co. Ltd.
If, for any reason, the Closing – Title cannot take place including, but not limited to, if the relevant authorities in the PRC do not approve the transfer of the equity interest in Beijing Vizeum to the Company, then each of PAL and Media Port hereby covenants with each other to use their respective best endeavours by 30 June 2010 to form the Joint Venture with PAL utilizing an alternative corporate structure that achieves the objectives set out in Recital (F).
If a Tax Deduction is required by law to be made in respect of the license fees and royalties payable by Beijing Vizeum to the Licensor and its Affiliates (excluding PHK and Beijing Vizeum), the amount of the payment due from Beijing Vizeum will be increased and grossed up to an amount such that the amount received by the Licensor’s Affiliates (after making the Tax Deduction) is equal to the payment which would have been due if no Tax Deduction had been made.
Upon termination of this Agreement pursuant to Section 4.6 hereof, the Proprietor shall, to the extent permitted by applicable laws and regulations, use commercially reasonable endeavours to procure that Beijing Vizeum shall be entitled to continue to exercise and enjoy Beijing Vizeum’s rights to use the Trademarks under such terms and conditions substantially the same as those set forth herein.
Upon and after the termination of this Agreement for any reason whatsoever, all rights granted to Beijing Vizeum hereunder together with any interest in and to the Trademarks which Beijing Vizeum may have acquired, shall cease forthwith without the requirement of any further act or instrument.
Turnover shall be considered as the gross cost minus the market discounts for the media purchases of Beijing Vizeum on behalf of its clients.
Beijing Vizeum shall indemnify the Licensor and its Affiliates (excluding PHK and Beijing Vizeum) against any loss or liability which the Licensor’s Affiliates (excluding PHK and Beijing Vizeum) have suffered (directly or indirectly) for or on account of any Tax Deduction in relation to any payment received or receivable (or any payment deemed to be received or receivable) under this Clause.
All taxes due and owing by the Company and Beijing Vizeum with respect to their income or assets have been timely paid when due.