Hong Kong Entities incorporated in Hong Kong are subject to Hong Kong profits tax at a rate of 16.5% since January 1, 2010.
WFOE has the meaning set forth in the Preamble.
PRC Companies means, collectively, all entities listed in Appendix A hereof, and each, a “PRC Company”.
Holding Entities means the subsidiaries of the Infrastructure Partnership, from time to time, through which it indirectly holds all of the Partnership’s interests in the operating entities.
HKMA means the Hong Kong Monetary Authority;
HK Company shall have the meaning ascribed to it in the preamble of this Agreement.
PRC means the People’s Republic of China, but solely for the purposes of this Agreement, excluding Hong Kong, the Macau Special Administrative Region and the islands of Taiwan.
China means the People’s Republic of China, excluding, for purposes of this Agreement, Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan.
BVI means the British Virgin Islands;
CBD means cannabidiol.
JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.
Group Companies means the Company and its Subsidiaries.
Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;
Mauritius means the Republic of Mauritius and includes:
Italy means the Italian Republic and includes any area beyond the territorial waters which is designated as an area within which Italy, in compliance with its legislation and in conformity with the International Law, exercises sovereign rights in respect of the exploration and exploitation of the natural resources of the seabed, the subsoil and the superjacent waters;
HKFE means the Hong Kong Futures Exchange Limited;
Seller Entities means, collectively, Seller and all Seller Subsidiaries.
PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.
CCR means the California Code of Regulations.
HK$ Hong Kong dollars, the lawful currency of Hong Kong;
Mainland China means the People's Republic of China but excluding Hong Kong and Macau;
Transferred Entities means the entities set forth on Schedule 1.5.