PRC SPV definition

PRC SPV means Shandong Xinyuan Real Estate Co, Ltd. or a Subsidiary formed after the Issuance Date for the purpose of engaging in a Special Purpose Financing Transaction.
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Examples of PRC SPV in a sentence

  • The difference between the amount payable by the Vendor (through SG SPV) to the Sponsor of S$65,155,490 and the Transaction Amount is S$544,510 (approximately S$500,000 of which will be applied to fund the financing costs incurred by SG SPV in obtaining a loan to pay part of the purchase consideration for the PRC SPV to the Sponsor, and with most of the remaining amount applied towards the costs of setting up and maintaining the SG SPV).

  • The Transaction Amount in respect of the SG SPV of RMB328.3 (S$65.7 million) is based on, inter alia, the Agreed Changjiangxilu Value and the minimum NAV of the PRC SPV of RMB239.0 million (approximately S$47.8 million) as at the Completion Date.

  • The NAV of the PRC SPV as at 30 September 2018 is approximately RMB241.5 million.

  • The SG SPV and the Sponsor entered into the PRC SPA pursuant to which the Sponsor agreed to sell and the SG SPV agreed to acquire 100.0% of the total equity interests in the PRC SPV for a consideration of US$47,399,600 (approximately S$65,155,4901).

  • Furthermore, the Trustee and the Vendor have agreed that the Vendor shall indemnify the Trustee for any decrease in the NAV of the PRC SPV as reflected in the completion balance sheet of the PRC SPV as at the Completion Date compared to the agreed NAV of PRC SPV of RMB239.0 million (approximately S$47.8 million).3.4 Method of Financing The Manager intends to finance the Acquisition Cost (excluding the Acquisition Fee) through borrowings.

  • The entire equity interest in Easou Shenzhen is pledged by the Registered Shareholders of Easou Shenzhen (including, among others, Wang PRC SPV and Mr. Wang) in favour of the WFOE as part of the Contractual Arrangements.

  • The Vendor has, through SG SPV, already acquired legal and beneficial title to the Sponsor’s equity interest in the PRC SPV on 13 August 2018.

  • In connection with the proposed Acquisition, the Trustee had, on 5 November 2018, entered into the SG SPA with the Vendor, to acquire all the issued shares of the SG SPV, which will in turn directly own equity interests in the PRC SPV, which holds Hefei Changjiangxilu Mall.

  • Furthermore, the Trustee and the Vendor have agreed that the Vendor shall indemnify the Trustee for any decrease in the NAV of the PRC SPV as reflected in the completion balance sheet of the PRC SPV as at the Completion Date compared to the agreed NAV of the PRC SPV of RMB239.0 million1 (approximately S$47.8 million).

  • The Vendor had, through the SG SPV, entered into the PRC SPA on 25 July 2018, as amended by a supplemental agreement dated 5 November 2018, with the Sponsor to acquire 100.0% of the total equity interests in the PRC SPV, which holds the legal and beneficial ownership in Hefei Changjiangxilu Mall, for a purchase consideration of US$47,399,600 (approximately S$65,155,4901).

Related to PRC SPV

  • PRC Subsidiary means any Subsidiary of the Company organized under the Laws of the PRC.

  • WFOE has the meaning set forth in the Preamble of this Agreement.

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • PRC Companies means, collectively, all entities listed in Appendix A hereof, and each, a “PRC Company”.

  • HKMA means the Hong Kong Monetary Authority;

  • HKFE means the Hong Kong Futures Exchange Limited.

  • HKSCC means Hong Kong Securities Clearing Company Limited;

  • BVI means the British Virgin Islands.

  • JV means Joint Ventures

  • PRC means the People’s Republic of China, but solely for the purposes of this Agreement, excluding Hong Kong, the Macau Special Administrative Region and the islands of Taiwan.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • CSSF means the Commission de Surveillance du Secteur Financier;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • SoftBank means SoftBank Group Corp., a Japanese kabushiki kaisha.

  • China means the People’s Republic of China, excluding, for purposes of this Agreement, Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan.

  • Anti-Bribery Law means any bribery, fraud, kickback, or other similar anti-corruption law or regulation to which You are subject in relation to the arrangements contemplated by these Terms (including without limitation the Xxxxxxx Xxx 0000 and the Criminal Finances Act 2017);

  • Anti-Bribery Laws means the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977, as amended, and all other applicable anti-corruption and bribery Laws (including the U.K. Xxxxxxx Xxx 0000, and any rules or regulations promulgated thereunder or other Laws of other countries implementing the OECD Convention on Combating Bribery of Foreign Officials).

  • Mainland China means the People's Republic of China but excluding Hong Kong and Macau;

  • CJA means the Courts of Justice Act, RSO 1990, c C-43, as amended;

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Equity Member means each member of the Respondent team that will contribute equity as part of the financing of the Project.

  • CFA Franc or “CFAF” means the currency of the Borrower;

  • AcquisitionCo means Diebold Holding Germany Incorporated & Co. KGaA a German partnership limited by shares (Kommanditgesellschaft auf Aktien - KGaA) that is a Wholly Owned Restricted Subsidiary of the Company and whose general partner is the Company.

  • RMB means Renminbi, the lawful currency of the PRC;