Examples of Project Company 1 in a sentence
Shareholder’s Loan (1) shall be assumed and become payable by the Purchaser to Guangzhou Agile if, following three (3) months after completion of Transaction (1), Project Company (1) still has not repaid Shareholder’s Loan (1).
Guangzhou Agile has released all of Project Company (1)’s mortgage and/or encumbrance of assets (including equipment, buildings, and land, etc.), pledge of rights to receive sale proceeds and other income and other forms of guarantees of Project Company (1) as detailed in Equity Transfer Agreement (1) for the financing of loans for other companies.
Following completion of Transaction (1), Project Company (1) is owned as to 95% and 5% by the Purchaser, and an Independent Third Party, respectively.
As Guangzhou Agile no longer has control over the board or shareholders’ meetings of Project Company (1), the Directors are of the view that Project Company (1) has ceased to be an indirect subsidiary of the Company and the accounts of which will not be consolidated to the Group’s account.
Expected Credit Loss and Provision for Credit Loss ‐ HTM securities Institutions should provide the following information on HTM securities on this sub-schedule: The “Total Allowance for Credit Loss” column is the total allowance for HTM securities as of the end of the prior quarter.
Subject Matter Prior to the entering into and completion of Transaction (1) under Equity Transfer Agreement (1), Project Company (1) was being owned as to 95% and 5% by Guangzhou Agile and an Independent Third Party, respectively.
Project Company (1) being legally established, constituted and validly subsisting under the laws of PRC.
Project Company (1) and Investor SJ having executed a loan agreement in respect of Loan (1).Hainan Yacheng and Project Company (1) shall fulfill all of the above conditions precedent before 12 March 2021 (“ Long Stop Date (1)”) unless Investor SJ waives in writing the fulfillment of any of the above conditions precedent.
PRC Project Company 1 has fully paid the land premium of the property.
Governance Structure of Project Company (1) The project company adopts the modern corporate governance structure, and the shareholders’ general meeting, the board of directors and other relevant institutions will be established in accordance with the Company Law of the People’s Republic of China (the “Company Law”) to ensure smooth operation of the project company.