GVIE definition
Examples of GVIE in a sentence
Without limitation the foregoing, each of the Mecox Entities shall cooperate with the Company in order to fully and formally effect the transfer of the domain names and the trade names included as Mecox Contributed Assets and Giosis shall cooperate with the Company in order to fully and formally effect the transfer of the shares of GSH and the indirect transfer of GVIE.
GVIE shall have obtained a Value-added Telecommunications Business Operation License from the relevant governmental authorities in the PRC.
At the Closing, each of the Mecox Entities, as applicable, hereby sells, assigns, transfers, conveys and delivers to the Company or GVIE, as applicable, all right, title and interest of Mecox in, to and under the assets set forth in Schedule 4 hereto (the “Mecox Contributed Assets” and together with the Giosis Contributed Assets, the “Contributed Assets”).
The Investors shall have received from Broad & Bright (PRC counsel to GSH and GVIE) written opinions in the form provided to the Investors on the date hereof, which expense shall be an obligation of, and paid for by, the Company after the Closing and shall not be included as an Assumed Liability hereunder.
Each of the GSH and GVIE is qualified to do business and is in good standing in each jurisdiction where failure to be so qualified would have a material adverse effect on its financial condition, business, prospects or operations.
GVIE does not presently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association, or other entity.
Other than the control agreements listed on Schedule 3 hereto, neither GSH nor GVIE own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity.