Examples of Newco Assets in a sentence
After giving effect to the Contemplated Transactions contemplated by the Distribution Agreement, the Newco Companies will have good and valid title to, or valid leasehold interest in or license to, all of the material Newco Assets.
There are no Encumbrances for material Taxes upon any of the Newco Assets except Permitted Encumbrances.
Where any of the Luodian Newco Assets cannot be disposed of pursuant to the transfer of shareholding interests in Luodian Newco after the de-merger of Luodian Co, all of the Luodian Newco Assets shall be disposed of by way of direct asset transfer.
Upon completion of the transfer of 72.63% interest in Luodian Newco, the Company will no longer have any interests in Luodian Newco or the Luodian Newco Assets and Luodian Newco will cease to be a subsidiary of the Company.
In the event that there is a direct asset transfer of the Luodian Newco Assets instead of the transfer of 72.63% interest in Luodian Newco, the above mentioned Loan in the net amount of RMB661,242,971 needs to be repaid by the transferee of the Luodian Newco Assets, and any deficit in payment by such transferee shall be repaid by SREI and/or its subsidiaries.