Examples of Domestic Company in a sentence
The Series Seed Investor has purchased from the Company, and the Company has sold to the Series Seed Investor, certain Series Seed Preferred Shares of the Company on the terms and conditions set forth in the share purchase agreement dated January 22, 2020 by and among the Company, the HK Company, the Domestic Company, the Key Parties, the Founder Holdcos and the Series Seed Investor (the “Series Seed Share Purchase Agreement”).
The Domestic Company, the WFOE and the shareholders of the Domestic Company shall take all reasonably necessary steps to comply with the Control Documents.
The Domestic Company shall, to the extent permitted by applicable law, operate its business at the direction of its board of directors and its shareholders (who have assigned their voting rights to the WFOE).
The WFOE shall take all reasonably necessary steps to ensure that the Domestic Company will have funds available to cover its operating expenses and to timely repay its debts as they become due.
To the extent permitted by PRC laws and upon the written request of the WFOE, the Key Parties shall, and the Covenantors shall cause other shareholders of the Domestic Company to transfer their equity interests in Domestic Company in part or in whole to the WFOE or the designee of the WFOE at the WFOE’s sole and absolute discretion at such price described in the Control Documents.