Examples of PRC Operating Entity in a sentence
Following this introduction, section 2 discusses scholarly approaches to pork-barrelling and highlights the key features of the Greek political setting.
Pursuant to the Loan Agreement, Tibet Yongsi agreed to provide interest-free loans to Tianli Education in accordance with the PRC laws and regulations and Tianli Education agreed to utilize the proceeds of such loans to contribute as capital to our PRC Operating Schools directly or through the relevant PRC Operating Entity in its capacity as school sponsor of our PRC Operating Schools in accordance with our instructions.
The WFOE may also designate a third party to purchase all or part of the equity interests and assets of the PRC Operating Entity, subject to the call option.
Term: Each Exclusive Technology Service Agreement shall have a term of twenty years and will be automatically renewed on a yearly basis after expiration unless otherwise notified by the relevant WFOE, and shall be terminated when the operating term of the relevant WFOE or the relevant PRC Operating Entity expires.
If any of the New Registered Holders or PRC Operating Entity breaches or fails to fulfill the obligations under any of the aforementioned agreements, the relevant WFOE, as the pledgee, will be entitled to foreclose the pledge over the equity interests, entirely or partially.