China Assets. All right, title and interest of Xxxxxx EControls Technologies (Hangzhou) Co., Ltd. (“China Technologies”) in and to the fixtures, furniture, equipment, machinery, tools, dies, spare parts, furnishings, office supplies, computer hardware and peripherals and other tangible personal property described in Schedule 1.7(a) shall be assigned, transferred, conveyed and delivered to China Trading.
China Assets. All Assets owned by EMC China or used in the Business that are located in China (including Assets used by employees of EMC China in the conduct of the Business);
China Assets. Notwithstanding any provisions to the contrary in the Purchase Agreement, the Seller shall not sell, assign, transfer, convey or deliver the China Assets to the Buyer at Closing, and the Buyer shall purchase the China Assets, as listed in Attachment “A” hereto, as soon as practicable following the date on which the Buyer commences manufacturing of the Flow Products at a facility located outside of China, but in no event later than April 1, 2012 (such date or dates being the “China Asset Closing Dates”); provided, however, that, in the event the Buyer has not begun manufacturing Flow Products at a facility located outside of China on or prior to April 1, 2012, the Buyer may extend the final China Asset Closing Date to a date not later than April 1, 2012 provided that the Buyer has been and is continuing to use commercially reasonable efforts to begin manufacture of Flow Products at such a facility by April 1, 2012.
China Assets. Subject to the terms and conditions of this Agreement, at the Closing, the Company agrees to transfer the China Assets to FEEB in exchange solely for common shares of FEEB. FEEB hereby agrees to be bound by, and assumes the payment, discharge, satisfaction and performance of, the Assigned Contracts after the Closing Date (collectively, the “Assumed Liabilities”). Notwithstanding the foregoing, the effectiveness of any such contribution, transfer and assumption of the Assigned Contracts shall be subject to the terms and conditions of Article 3. The Company will execute, acknowledge (if appropriate), and deliver to FEEB, such instruments of transfer, conveyance, and assignment and other documents necessary to transfer the China Assets to FEEB in accordance with, and subject to the terms of this Agreement.
China Assets. As promptly as practicable after the date hereof, the Sellers and the Purchaser shall negotiate in good faith and, no later than fifteen (15) Business Days prior to the Closing Date, enter into a definitive agreement (the “China Purchase Agreement”) pursuant to which the Sellers shall sell, transfer and assign to the Purchaser, and the Purchaser shall purchase and acquire, certain assets of the Sellers used or held for use predominantly in connection with the Business and held or located in China, including, without limitation, laboratory equipment and other research and development assets and properties and personal computers of Transferred Employees (collectively, the “China Assets”). The Purchase Price to be paid by the Purchaser for the Assets hereunder shall be reduced by US$230,000, the purchase price to be paid by the Purchaser for the China Assets (the “China Purchase Amount”), and (ii) Sellers shall be solely responsible for all customs duties, levies and other similar charges payable in connection with the sale of the China Assets.
