Examples of Fosun Contributed Companies in a sentence
The Fosun Parties shall take such action so that as of the JV Closing the Fosun Contributed Companies will have: (i) a net book value on a consolidated basis of not less than US$20,000,000 and (ii) a Debt Ratio of less than 50%.
The Fosun Parties (i) have engaged an appraisal firm to value Warrantor’s interest in the Fosun Contributed Companies, (ii) shall deliver to the Chindex Parties at or prior to the JV Closing a copy of the draft report of such appraisal firm and (iii) shall deliver to the Chindex Parties promptly after the receipt of the final appraisal report a copy of such final report.
Schedule III to this Agreement sets forth the consolidated balance sheet of Shanghai Chuangxin and the other Fosun Contributed Companies as of November 30, 2010.
Except for the minority interest in Shanghai TTC (as defined in the Chuangxin Share Transfer Agreement, there is no direct or indirect ownership or equity participation by any PRC Governmental Authority in any of the Fosun Parties or any of the Fosun Contributed Companies.
The Fosun Parties do not make any representation or warranty herein with respect to such consolidated balance sheet, nor is such consolidated balance sheet to be construed as any indication of the net book value of the Fosun Contributed Companies as of the JV Closing Date or the net book value of the assets to be transferred Old BVI pursuant to the Chuangxin Share Transfer Agreement.
In the event the net book value on a consolidated basis of the Fosun Contributed Companies as of the JV Closing is less than Twenty Million United States Dollars (US$20,000,000), then FSPV shall contribute, and Fosun and Warrantor shall ensure that FSPV has sufficient funds to contribute, to JVCO an amount equal to the shortfall.