Examples of PRC Companies in a sentence
We have not undertaken any independent investigation, search or other verification action to determine the existence or absence of any fact or to prepare this opinion, and no inference as to our knowledge of the existence or absence of any fact should be drawn from our representation of the Company or the PRC Companies or the rendering of this opinion.
Where certain facts were not independently established and verified by us, we have relied upon certificates or statements issued or made by the relevant Governmental Agencies (as defined below) and appropriate representatives of the Company and the PRC Companies (as defined below).
However, it is uncertain that the PRC Companies can renew any of the Governmental Authorizations in a timely manner when their current term expires; and new PRC laws and regulations may be enforced from time to time to require additional licenses and permits other than those the PRC Companies currently have.
Based on our understanding of the explicit provisions under PRC Laws, we are of the opinion that each of the PRC Companies has obtained all requisite Governmental Authorizations that are material for its business operations currently conducted in the PRC as described in the Registration Statement and the Prospectus.
We may rely, as to matters of fact (but not as to legal conclusions), to the extent we deem proper, on certificates and confirmations of responsible officers of the Company, the PRC Companies and Governmental Agencies.