Target Vehicles definition

Target Vehicles means the vehicle set forth in Section 3.2a). “Technical Specifications” means (i) all the required vehicle specifications as agreed between Geely and Polestar that are necessary to manufacture the Target Vehicle and (ii) all other written or printed technical information or software stored in any media or materials or prototypes communicated to RKM by Polestar(or Geely on behalf of Polestar) and all reproductions, excerpts and summaries thereof, and all modifications and/or improvements thereof made by or for RKM and (iii) Know-How. Examples are necessary product drawings, material lists, assembly instructions and quality requirements on paper or in electronic form provided by Geely to RKM for the manufacturing of the Target Vehicle in accordance with the terms and conditions of this Agreement. “Third Party” means any Person that is not a Party.
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Target Vehicles means such other PRC intermediary insurance vehicles whose equity interests and/or Effective Control may be acquired by the Company and/or PRC Intermediary Holding Vehicles “Taxation” includes (i) all forms of taxation, duty, impost, levy, rate, or other amount payable to the Inland Revenue Department or any revenue, customs or fiscal authorities whenever created or imposed and of any part of the world, including without limitation, profits tax, provisional profits tax, interest tax, salaries tax, property tax, taxes on income, estate duty, capital duty, stamp duty, payroll tax, rates, customs and excise duties and other similar liabilities; and (ii) all interest, penalties, costs, charges and expenses incidental or relating to the liability to Taxation or the deprivation of any relief, allowance, exemption or deduction relating to Taxation.
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Examples of Target Vehicles in a sentence

  • The terms of the strategic cooperation shall be determined through negotiation by the Parties to the Framework Agreement upon due diligence review on the Target Vehicles Dealership Outlets by the accountants appointed by the Company.

  • The Counterparty is the ultimate controlling shareholder of its wholly-owned Target Vehicles Dealership Outlets which are companies or branches established in Shenzhen, Guangzhou, Foshan and Jieyang in accordance with the laws of the PRC with limited liabilities.

  • The Target Vehicles Dealership Outlets are wholly-owned by Counterparty, who is the ultimate controlling shareholder.

  • The Parties hereto acknowledge, confirm and agree that if the Group shall decide to pay dividends to the Owners of Target Vehicles as per Supermajority approval, these Owners shall be given the discretion to elect for cash dividends or other distributions in kind.

  • Geely shall perform the engineering design, adaption as work related to the Target Vehicles with RKM support (the “Vehicle Product Engineering”).

  • The Company shall take initiatives to enhance the existing operation quality and profitability of the Target Vehicles Dealership Outlets in all aspects.

  • As at the date of the Framework Agreement, the Target Vehicles Dealership Outlets were engaged in the sale of new vehicles and auto parts of BMW and/or MINI brands and/or the provision of related services, including after-sale services and showcase of vehicles.

  • Notwithstanding the aforementioned, the Parties acknowledge and agree that the production 11 of the Target Vehicles is dependent upon the allocation of initial investments and payments as set out in this Section 4.

  • RKM shall perform the development and the industrialization of the production process for the Target Vehicles, with Geely’s support, in Busan, Korea (the “Plant”) and related process engineering (the “Vehicle Production Development”).