Examples of PRC Group Company in a sentence
Each PRC Group Company shall at all times keep the minimum number of employees required by applicable Law in order to maintain all Licenses and permits necessary to conduct its any business in the manner as currently and then conducted.
The capital and organizational structure of each PRC Group Company are valid and in full compliance with relevant PRC Law.
The failure by the Implementation Agency to fulfill any covenant or condition contained in this Agreement, including without limitation the breach of any terms and conditions of this Agreement by any employee or agent of the Implementation Agency.
Except as set forth in the Restructuring Documents and the Disclosure Schedule, there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the Equity Securities of any PRC Group Company.
No other approvals are required to be obtained from and no other filings or registrations are required to be made with SAFE to enable any PRC Group Company to remit dividends or other forms of profits outside of the PRC to the Company in a freely convertible foreign currency.
All the equity interests of each PRC Group Company are legally owned by its respective shareholder(s), and, to the best of our knowledge after due inquiry, such equity interests are free and clear of all security interest, encumbrances, mortgage, pledge, liens, equities or claims or any third-party right, unless created under the Noah VIE Agreements as described in the Registration Statement.
The total registered capital of each PRC Group Company has been fully paid in accordance with the relevant PRC Laws.
Although the Company is incorporated in the Cayman Islands and the immediate holding company of the PRC Group Company is incorporated in Hong Kong, substantially all of the Company’s management members are based in the PRC.
All of the equity interests of each PRC Group Company are legally owned by its immediate holding company, and to the best of our knowledge after due inquiry, are free and clear of all liens, encumbrances, security interest, mortgage or pledge, and there are no outstanding rights, warrants or options to acquire, or instruments convertible into or exchangeable for, nor any agreements or other obligations to issue or other rights to convert any obligation into any equity interests in each PRC Group Company.
Except as set forth in the Restructuring Documents and their respective Constitutional Documents or as required by applicable Law, no outstanding Equity Securities of any PRC Group Company are subject to any preemptive rights, rights of first refusal or other rights to purchase such Equity Securities (whether in favor of such PRC Group Company or any other Person).