Examples of PRC Schools in a sentence
According to the consultation with the Guangdong Provincial Department of Education, they would not approve the Company’s application to convert the PRC Schools into Sino-Foreign Joint Venture Private Schools and there were no implementing measures or specific guidance on the Qualification Requirement.
Furthermore, in Guangdong Province, whether the school chooses to require reasonable returns or not has no adverse impact on the payment of service fees by the PRC Schools to Tibet Kepei.
As confirmed by the PRC legal advisors, the Company had complied with the Foreign Control Restriction in respect of the PRC Schools on the basis that (a) the principals and the chief executive officers of the PRC Schools are all PRC nationals; and (b) all the members of the board of directors of the PRC Schools are PRC nationals, while secondary vocational education is not listed as restricted category in the Negative List.
The terms of the Loan Agreement shall continue until all direct or indirect interest of the PRC Schools and the School Sponsor has been transferred to Tibet Kepei or its designee and/or the Company or its designee and the registration process required thereafter has been completed with the relevant local authorities.
Entrustment of directors’ rights in the PRC Schools by directors of the PRC Schools including directors’ powers of attorney.
The operational funds of all the PRC Schools have been fully paid up in accordance with PRC Laws.
The tuition fees increased mainly because: (i) the number of undergraduate students and adult college program of Guangdong Polytechnic College increased; and (ii) the Group raised tuition fees for programs of the PRC Schools for the 2019/2020 school year.
Exclusive call option to acquire all or part the school sponsor’s interest in the PRC Schools and all or part equity interest in the School Sponsor.
Under the Exclusive Call Option Agreement, the Registered Shareholders have irrevocably and unconditionally granted Tibet Kepei or its designated purchaser the right to purchase all or part of the school sponsor’s interest in the PRC Schools and equity interest in the School Sponsors (the “Equity Call Option”).
Entrustment of the School Sponsor’s rights in the PRC Schools by the School Sponsors.