Tsining definition
Examples of Tsining in a sentence
Adequate provisions have been made for taxes payable for the current period for which tax returns are not yet required to be filed and there are no agreements, waivers, or other arrangements providing for an extension of time with respect to the filing of any tax return by, or payment of, any tax, governmental charge or deficiency by Tsining Housing.
Notwithstanding the completion of the transactions contemplated hereby, the waiver of any condition contained herein (unless such waiver expressly releases a party from any such representation or warranty) or any investigation made by Tsining Housing or the Tsining Housing Shareholders, the representations and warranties of Pacific shall survive the Closing.
The registered, issued and outstanding share capital of Tsining Housing will on Closing consist of 50,000,000 capital shares (being the Tsining Housing Shares), which shares on Closing shall be validly issued and outstanding as fully paid and non-assessable shares.
Tsining Housing is duly authorized to carry on the Tsining Housing Business in the People's Republic of China.
Second, the company incurred selling expenses for the new Tsining JunJing II project, for which the sales effort began in the fourth quarter of 2007.
The conditions precedent set out in the preceding section are inserted for the exclusive benefit of Tsining Housing and the Tsining Housing Shareholders and any such condition may be waived in whole or in part by Tsining Housing or the Tsining Housing Shareholders at or prior to the Closing by delivering to Pacific a written waiver to that effect signed by Tsining Housing and the Tsining Housing Shareholders.
The Company shall not, and shall not permit any Subsidiary to sell, lease or otherwise dispose of any of the collateral described in Section 1.5. The Company will at all times maintain ownership of 100% of the capital stock of Tsining.
Pacific shall promptly execute and deliver to the Tsining Housing Shareholders any and all consents to the release of information and specific authorizations which the Tsining Housing Shareholders reasonably requires to gain access to any and all such information.
The Acquisition Shares when delivered to the Tsining Housing Shareholders pursuant to the Acquisition shall be validly issued and outstanding as fully paid and non-assessable shares and the Acquisition Shares shall be transferable upon the books of Pacific, in all cases subject to the provisions and restrictions of all applicable securities laws.
In addition, Cube shall have right to demand guarantees that Tsining will bear liabilities.