New Co definition
Examples of New Co in a sentence
The Seller shall cause BVI CO., New Co., Holding Co. and WFOE to disclose to the Purchaser true copies of all the financial, legal and commercial documents of BVI Co., New Co., Holding Co. and WFOE and the resolutions of the shareholders and the board of directors.
Those financial goals include: (i) WFOE controls, directly or indirectly, the PRC-based assets comprising the YYNT Network, the revenue to be generated from those assets, and the corporate governance of JV, and (ii) New Co and/or HK Co leverage the PRC-based operations with offshore (non-PRC) based debt.
Lodemo shall be responsible for obtaining and maintaining in Global’s name any and all permits or licenses required by Applicable Law relating to the construction, operation, and ownership of the Project, Farm, Facilities or Logistics (but not relating to employees or other labor hired by Lodemo or New Co.).
Azur and ChinaTel shall take their interest in JV through New Co. WFOE, New Co’s indirect wholly-owned subsidiary (through HK Co, as intermediate wholly-owned subsidiary), shall enter into various contractual arrangements with JV to achieve the financial goals of the Parties under this Agreement.
Lodemo or New Co. shall obtain and maintain all permits and licenses required by Applicable Law to hire the employees and laborers used in the Project, including persons working on the Farms, in the nursery, and in the Oil Extraction Facility.
Lodemo agrees that, notwithstanding the formation of New Co, Lodemo will be responsible for the supervising and managing NEW Co. and that Lodemo shall be responsible to Global under the terms of this Agreement for the actions or omissions of NEW Co. Even though personnel required for execution of the Services may be employees of NEW Co., such personnel will remain under the sole and exclusive supervision and control of Lodemo.
The Employee shall be provided with his current equity ------------------- holdings in the new GFP Group, Inc., which upon sale of the Company to a third party ("New Co.", presumably GTR) shall equal not less than 270,000 shares of the New Co. (up to 10,000,000 shares authorized, up to 5,000,000 shares issued).
Following the closing of the Merger, Fuer shall reimburse each party hereto (excluding New Co) for all reasonable and documented fees and out-of-pocket expenses incurred by such party in connection with this Agreement and the closing of the transactions contemplated hereby.
The Employee shall be provided with his current ------------- equity holdings in the new GFP Group, Inc., which upon sale of the Company to a third party ("New Co.," presumable GTR) shall equal not less than 270,000 shares of the New Co. (up to 10,000,000 shares authorized, up to 5,000,000 shares issued).
Except as otherwise provided in this Agreement, Lodemo shall have exclusive managerial control over and responsibility for its personnel (and any personnel hired by New Co.), any subcontractors, and suppliers in the execution of its Services.