Examples of CTVH in a sentence
Where CTVH and Continental subscribe the shares to be issued in accordance with the above, the new issuance of shares shall be approved by the Board with a simple majority.
The progress of each Continental Exploration Program and each CTVH Exploration Program adopted by the Board shall be reviewed at least quarterly at meetings of the Board.
Directors expenses incurred shall form part of the expenditure in terms of the Continental Exploration Program or CTVH Exploration Program (as the case may be).
During the period that the Company operates under either a Continental Exploration Program or a CTVH Exploration Program (as the case may be), the Continental Exploration Program or a CTVH Exploration Program (as the case may be) shall be the deemed to be the Tianyuan Annual Budget.
The rights and obligations of the ABC in this Agreement may not be assigned or transferred by ABC, except to CTVH after a transfer of at least 50% of the Ordinary Shares held by ABC to CTVH in accordance with the terms of the CTVH Agreement.
The Company's operations shall be conducted, expenses shall be incurred, and assets shall be acquired only pursuant to an approved annual budget which shall include on a consolidated basis the Tianyuan Annual Budget approved in terms of Section 8 or the Continental Exploration Budget or CTVH Exploration Budget (as the case may be) approved in terms of Section 6.
In the event that Tianyuan is operating a CTVH Exploration Program, CTVH shall have the right to remove and nominate the CEO.
At the same time, the use of global memory and shared memory can be managed in this way.
The costing for such services shall be approved as separate budget items in accordance with Section 2.3. This Section 8.2 shall apply mutatis mutandis to CTVH if it proposes a CTVH Exploration Program.
After the full exercise of the First Option by Continental, CTVH shall own 50% of the issued share capital of the Company, while Continental shall own 50% of the issued share capital of the Company.