Target Company definition
Examples of Target Company in a sentence
The Target Company is a company incorporated in China, and the Pledgors collectively hold 100% of the equity interest in the Target Company, of which Hxxxx Xxxxxxxx holds 70%, and Cxxx Xx holds 30% (as detailed in Annex I).
The Pledgors pledge all of their equity interests in the Target Company to the Pledgee as collateral to secure the performance of the Pledgors and the Target Company under the Transaction Documents and the repayment of the Secured Obligations.
Refers to all direct, indirect, and consequential losses and loss of foreseeable benefits suffered by the Pledgee due to any Event of Default on the part of the Pledgors and/or the Target Company.
Any capital contributions made by the Pledgors to increase the registered capital of the Target Company shall also constitute part of the Pledged Equity.
The basis for determining the amount of such losses includes but is not limited to the Pledgee’s reasonable business plans and profit forecasts, the service fees payable by the Target Company under the Service Agreement, and all expenses incurred by the Pledgee to compel the Pledgors and/or the Target Company to perform their contractual obligations.