Examples of Project Company 3 in a sentence
Following completion of Transaction (3), as Guangzhou Agile will no longer have control over the board or shareholders’ meetings of Project Company (3), the Directors are of the view that Project Company (3) will cease to be an indirect subsidiary of the Company and the accounts of which will not be consolidated to the Group’s account.
Upon completion of Transaction (3), Project Company (3) will be owned as to 90% and 10% by the Purchaser, and an Independent Third Party, respectively.
Section 2 Commitments and Undertaking by the Solar Power Developer / Project Company 3.
Guangzhou Agile has released all of Project Company (3)’s mortgage and/or encumbrance of assets (including equipment, buildings, and land, etc.), pledge of rights to receive sale proceeds and other income and other forms of guarantees of Project Company (3) as detailed in Equity Transfer Agreement (3) for the financing of loans for other companies.
Guangzhou Agile having obtained the written waiver of first right of refusal from the other shareholder(s) of Project Company (3) concerning Transaction (3).