NXC definition

NXC or “Company”), a company established in accordance with this Agreement and company limited by shares incorporated and existing under the laws of the PRC having its headquarter at [redacted].
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Examples of NXC in a sentence

  • NXC is incorporated to: obtain a license to develop and market the audio or video recordings owned or controlled by NFE in PRC, and operate relevant business in PRC.

  • NXC shall prepare and keep all account books and records in accordance with good accounting principles, and shall adopt the standards, processes and formats that are consistent with the PRC generally accepted accounting standards.

  • To the reasonable extent, the net income after liquidation shall be distributed to each Shareholder according to the equity interests held by it in NXC as soon as practicable.

  • NXC shall release its business report (including financial statements) for the previous month on the 20th day of each month, indicating the actual data of the previous month and the comparison between the budget and the actual data.

  • When incorporated and registered as specified above, NXC shall have a paid-up capital of RMB [redacted] yuan (RMB[redacted]) divided into [redacted] thousand ([redacted]) common voting Shares.

  • NXC shall have one chairperson, one vice chairperson, one president and one vice president.

  • If QTI terminates this Agreement due to a breach by NXC, QTI may cancel all Approved Orders that have not been fulfilled as of the effective termination date.

  • The Parties acknowledge that, in accordance with the license agreement entered into by and between NXC and NFE, if Kuke sells part of the Shares held by it in the Company or the number of the Shares held by Kuke changes, NFE may terminate the license at its own discretion.

  • Any notice to be given by either Party to the other will be deemed to have been sufficiently given to the other Party if sent by facsimile, and confirmed the same day by mail to the following addresses: If to Distributor: NXC Imaging, Inc.

  • Unless otherwise required by the Articles of NXC or PRC laws, the Board of NXC shall manage, direct and control the Company.