Common use of Payments in Foreign Currency Clause in Contracts

Payments in Foreign Currency. Except as described in the Registration Statement, the Pricing Disclosure Package, under current laws and regulations of the Cayman Islands, all dividends and other distributions declared and payable on the Units may be paid by the Company to the holder thereof in United States dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision thereof or therein.

Appears in 9 contracts

Samples: Underwriting Agreement (Spring Valley Acquisition Corp. II), Underwriting Agreement (Spring Valley Acquisition Corp. II), Underwriting Agreement (Victory Acquisition Corp.)

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Payments in Foreign Currency. Except as described in the Registration Statement, the Pricing Disclosure Package, under Under current laws and regulations of the Cayman IslandsIslands and any political subdivision thereof, all dividends and other distributions declared and payable on the Units Ordinary Shares may be paid by the Company to the holder thereof holders in United States dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein.

Appears in 9 contracts

Samples: Underwriting Agreement (Mingteng International Corp Inc.), Underwriting Agreement (Mingteng International Corp Inc.), Underwriting Agreement (BioLingus (Cayman) LTD)

Payments in Foreign Currency. Except as described disclosed in the Registration Statement, General Disclosure Package and the Pricing Disclosure PackageProspectus, under current laws and regulations of the Cayman IslandsIslands and any political subdivision thereof, all dividends and other distributions declared and payable on the Units Securities and the underlying Ordinary Shares may be paid by the Company to the holder thereof in United States dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands Islands, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein.

Appears in 5 contracts

Samples: Underwriting Agreement (Nobao Renewable Energy Holdings LTD), Underwriting Agreement (Le Gaga Holdings LTD), Underwriting Agreement (Nobao Renewable Energy Holdings LTD)

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Payments in Foreign Currency. Except as described in the Registration Statement, the Pricing Disclosure Package, under Under current laws and regulations of the Cayman IslandsIslands and any political subdivision thereof, all dividends and other distributions declared and payable on the Units Ordinary Shares may be paid by the Company to the holder thereof holders in United States U.S. dollars or Cayman Islands dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein.

Appears in 2 contracts

Samples: Underwriting Agreement (Youxin Technology LTD), Underwriting Agreement (Youxin Technology LTD)

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