Examples of Structure Agreements in a sentence
In addition, the contractual arrangement under the Structure Agreements may not give the Group as effective control and power as direct legal and beneficial ownership of 100% of Rongsheng Shipbuilding.
To the Seller’s Knowledge, none of the parties to any Structure Agreement has sent or received any written communication regarding termination of, or intention not to renew, any of the Structure Agreements, and no such termination or non-renewal has been threatened by any of the parties thereto.
The PRC governmental authorities may in the future interpret or issue laws, regulations or policies that result in the contractual arrangements under the Structure Agreements being deemed to be in violation of the existing or then prevailing PRC laws and regulations, which would materially impact on the Group’s entitlement to the economic benefits of Rongsheng Shipbuilding, as a result of which the Group’s business, financial condition and results of operations may be materially and adversely affected.
No material breach or default under any of the Structure Agreements by any Subsidiary or Group Company will occur as a result of the execution, delivery and performance of this Agreement or any Ancillary Agreement.
The Company’s legal department also works closely with its external PRC counsel to monitor the PRC regulatory environment and seek to reduce risks associated under the Structure Agreements.