PEWC definition
Examples of PEWC in a sentence
PEWC is a corporation duly organized, validly existing under the laws of Taiwan, ROC.
In addition, SOF acknowledges that both the Company and PEWC will continue to engage in such transactions on Satisfactory Contract Terms.
SOF may exercise its respective Put Right at any time while the Put Event remains uncured via written Notification to PEWC.
PEWC shall further exercise whatever authority it holds as a shareholder of the Company to cause the Company to fully comply with its obligations under this Article IV.
No later than twenty (20) Business Days prior to the proposed consummation date of any Transfer described in this Article V, PEWC shall provide the Tag Along Notice to SOF and the Company.
In no event shall PEWC Transfer any Shares Owned by PEWC to a United States organized or domiciled Affiliate if such Transfer results in, or is reasonably likely to result in, the Company being a Controlled Foreign Corporation; provided that in no event shall such Transfer be in an amount of Shares greater than 9.9% of the total outstanding Shares.
Such Tag Along Right shall be exercisable by written notice to PEWC and the Company given within fifteen (15) Business Days after receipt of the Tag Along Notice.
PEWC has the right, power, and authority to execute and deliver this Shareholders’ Agreement and, subject to a Permitted Exception, to perform its obligations under this Shareholders’ Agreement.
Any purported sale or other Transfer of Shares by PEWC, or by any subsequent holder of Shares acquired from PEWC or from any such subsequent holder, that is not in compliance with the provisions of this Section 4.1(d) shall be null and void, and shall not be registered in the share register of the Company.
If a Tag Along Notice from SOF is not received by PEWC and the Company in accordance with Section 5.2, PEWC shall have the right to consummate the Transfer to a Tag Along Transferee without the participation of SOF, but only on terms and conditions which are no more favorable to PEWC in any material respect than those stated in the Tag Along Notice and only if the Transfer to the Tag Along Transferee occurs on a date within ninety (90) days of SOF’s receipt of the Tag Along Notice.