China Entity definition
Examples of China Entity in a sentence
This Resignation Letter shall come into effect as of the Money Transfer Date under the SunnyWorld Center Project Acquisition Agreement as made and entered into by [Noah Kekong Entity], [Xinting Investment Entity], [Nanchang Qingting Entity], [United Win China Entity], [Shanghai Qingting Entity], [Actual Controller 1 of Party C] and [Actual Controller 2 of Party C].
Purchaser shall not directly or indirectly assign, sell, transfer, syndicate or otherwise dispose of (or enter into any agreement having the economic effect of the foregoing) any of its interest in the Licensed Non-US Facility(ies) (whether held directly or indirectly through a Purchaser Subsidiary) to a Prohibited China Entity.
Upon completion of the Pending Transfers, each Obligor or FF China Entity, will have sufficient rights to use all of the Obligor Intellectual Property and Obligor IT Assets in connection with the operation of the business to be conducted by the Obligors (including for this purpose the FF China Entities), none of which will be impaired by the Transactions or the Restructuring Transaction Documents.
The Obligor or FF China Entity identified on Schedule 6.1.10(a) as licensee of any Licensed Intellectual Property has a valid license to use the Licensed Intellectual Property in connection with the operation of such Obligor’s business, subject only to the terms of the Obligor IP Agreements.
The Investor further agrees that it will cause the China Entity to agree that, if the parties are unable to mutually agree on the price and terms at which such transaction shall occur, the China Entity and such third party will submit the dispute over price and terms to a non-affiliated, third party appraiser or investment banker to determine such price, which determination shall be binding on the parties.
This Resignation Letter shall come into effect as of the Money Transfer Date under the Shanghai Hongqiao SunnyWorld Center Project Acquisition Agreement as made and entered into by [Noah Kekong Entity], [Xinting Investment Entity], [Nanchang Qingting Entity], [United Win China Entity], [Shanghai Qingting Entity], [Actual Controller 1 of Party C] and [Actual Controller 2 of Party C].
If the China Entity Setup has not been completed by Purchaser on or prior to July 31, 2025, Purchaser shall use reasonable best efforts to establish any lawful arrangement pursuant to which Purchaser could, directly or indirectly, acquire and assume the Transferred Assets, Transferred Liabilities and Business Employees located in China on the Closing Date, in each case as promptly as practicable following the date hereof but in any event no later than August 31, 2025.
Purchaser shall notify the Seller promptly, but in any event not later than five (5) Business Days after receipt, of any queries or requests by any PRC Taxing Authority related to the Indirect Transfer of the China Entity to Purchaser.
It is understood that such terms shall be structured to permit the China Entity to competitively offer the licensed products in the China market.