VIE Affiliates definition
Examples of VIE Affiliates in a sentence
None of the Company or any of the Subsidiaries or VIE Affiliates is insolvent, bankrupt or unable to pay any of its indebtedness as it falls due.
None of the Company or any of the Subsidiaries or VIE Affiliates is in default under any of such franchises, permits, licenses or other similar authority.
Each of the Company and the Subsidiaries and VIE Affiliates has (a) all franchises, permits, licenses and any similar authority necessary for; and (b) complied with all applicable Laws in respect of, the conduct of its business as currently conducted and proposed to be conducted, the absence or non-compliance of which would be reasonably likely to have a Material Adverse Effect.
Each Subsidiary of the Company and VIE Affiliates is duly qualified or licensed to do business and is in good standing in each jurisdiction where the character of its properties owned or leased or the conduct or nature of its business makes such qualification necessary, except where the failure to be so qualified has not resulted in and could not reasonably be expected to result in a Material Adverse Effect, and is capable of suing and being sued in its own name.
The register of members and other similar records of the Company and the Subsidiaries accurately reflect all issuances, transfers and cancellations of shares of the capital stock of the Company and the Subsidiaries and VIE Affiliates prior to the execution of this Agreement, each of which was made in accordance with applicable laws and has been made available to the Investor prior to the execution of the Agreement.
The Company has taken reasonably commercial efforts to ensure pending applications (if any) for Intellectual Property will be lawfully owned by the Company or any of the Subsidiaries or VIE Affiliates.
All Intellectual Property (whether registered or not) and all Knowhow, which have been, are, or are capable of being used in relation to or which are necessary for the business as presently conducted or proposed to be conducted are lawfully owned by or licensed to the Company or any of the Subsidiaries or VIE Affiliates.
There is no actual or threatened demand by any of the employees of the Company or any of the Subsidiaries or VIE Affiliates for employee association or representation issues, a collective bargaining agreement or recognition by any labor organization.
No insurance claim made by the Company or any of its Subsidiaries or VIE Affiliates has been refused or settled below the amount claimed.
There are no grounds on which a petition or application could be based for the winding up, liquidation, dissolution or bankruptcy of, or appointment of a receiver for, the Company or any of the Subsidiaries or VIE Affiliates.