Kwai definition
Examples of Kwai in a sentence
Tsit Wing International Holdings Limited (the “Company”) is a limited liability company incorporated under the Laws of Bermuda whose registered office is situated at Victoria Place, 5th Floor, ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇, Bermuda and its head office and principal place of business in Hong Kong is situated at Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, ▇▇-▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, New Territories, Hong Kong.
Under the deal, ▇▇▇▇▇▇▇▇'s overseas applications, Kwai and SnackVideo, will have access to the performance and mechanical rights of the broad musical repertoire represented by AMRA, which includes its clients Kobalt, among other publishers.
The Company shall have taken all necessary corporate actions such that effective as of the Closing the Board of Directors shall have consisted of up to fifteen (15) members, including a member designated by Kwai, and reasonable evidence of each of the foregoing shall have been delivered to the Series F Investors.
The Company shall pay or reimburse all reasonable costs and expenses (including fees and expenses for lawyers, accountants, auditors, financial advisors, technical consultants and other professions) actually incurred by Kwai up to a maximum of US$100,000 in connection therewith and in connection with the preparation, negotiation, execution and delivery of the Transaction Documents and Kwai’s due diligence investigation if the Closing with respect to subscription of Series F Preferred Shares by Kwai occurs.
Refusal on Transfer by a Non-Restricted Shareholder to any Restricted Person of Kwai.
For the avoidance of doubt, the right of Kwai under this Section 5.8 shall not be prejudiced or otherwise limited in any way by, and shall apply regardless of, whether Kwai ROFR Shareholders exercised their right of first refusal under Section 5.7. Without prejudice to the rights and privileges contemplated by Section 6, this Section 5.8 shall automatically terminate upon termination of Section 5.9.
For the avoidance of doubt, the Company’s right of first refusal as described above under section 6.2 of Exhibit A to Memorandum and Articles shall be secondary to the right of first refusal of Kwai, Baidu and Tencent under this Section 5.7, and shall only apply if Kwai, Baidu and Tencent do not elect to purchase the Trade Sale Assets in accordance with this Section 5.7.
Any panel of a local division in a Contracting Member State […] shall sit in a composition of one legally qualified judge who is a national of the Contracting Member State hosting the local division concerned and two legally qualified judges who are not nationals of the Contracting Member State concerned and are allocated from the Pool of Judges in accordance with Article 13(3) on a case by case basis.
Notwithstanding anything to the contrary contained herein or in the Memorandum and Articles, if the proposed transferee of a Trade Sale is a Restricted Person of Kwai, then no such Trade Sale may be proceeded with, and no Trade Sale Assets may be transferred, directly or indirectly, through one or a series of transactions, by any Group Company, any Shareholder or any other Person, to such Restricted Person of Kwai, without Kwai’s prior written consent.
Kwai Preemptive Rights Holders shall have twenty (20) Business Days (the “Kwai Participation Period”) from the date of receipt of such Kwai Preemptive Notice to agree in writing to purchase all or any part of such remaining New Securities for the price and upon the terms and conditions specified in the First Participation Notice by giving written notice to the Company and stating therein the quantity of remaining New Securities to be purchased.