Common use of Bank Accounts and Foreign Exchange Control Clause in Contracts

Bank Accounts and Foreign Exchange Control. (a) The Company shall open foreign exchange and Renminbi bank accounts at authorized banks in China and may also open foreign exchange account(s) outside China with the approval of SAFE for the furtherance of its business purposes. (b) The Company’s foreign exchange transactions shall be handled in accordance with relevant Chinese regulations relating to foreign exchange control.

Appears in 2 contracts

Samples: Joint Venture Contract, Joint Venture Contract (On Semiconductor Corp)

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Bank Accounts and Foreign Exchange Control. (a) The Company shall open a foreign exchange account and a Renminbi account at banks within or outside China; such bank accounts at authorized banks in China and may also open foreign exchange account(s) outside China with shall be approved by the approval State Administration of SAFE for the furtherance of its business purposes. (b) Exchange Control. The Company’s 's foreign exchange transactions shall be handled in accordance with relevant Chinese the regulations of China relating to foreign exchange control.

Appears in 2 contracts

Samples: Cooperative Joint Venture Contract (Aes China Generating Co LTD), Cooperative Joint Venture Contract (Aes China Generating Co LTD)

Bank Accounts and Foreign Exchange Control. (a) The Company shall will open a foreign exchange account and a Renminbi bank accounts account at authorized banks in China and may also open foreign exchange account(s) within or outside China with China; such banks will be approved by the approval State Administration of SAFE for the furtherance Exchange Control of its business purposes. (b) China. The Company’s 's foreign exchange transactions shall be handled in accordance with relevant Chinese the regulations of China relating to foreign exchange control.

Appears in 1 contract

Samples: Cooperative Joint Venture Contract (Aes China Generating Co LTD)

Bank Accounts and Foreign Exchange Control. 22 JOINT VENTURE CONTRACT (a) The Company shall open foreign exchange and Renminbi bank accounts at authorized banks in China and may also open foreign exchange account(s) outside China with the approval of SAFE for the furtherance of its business purposes. (b) The Company’s 's foreign exchange transactions shall be handled in accordance with relevant Chinese regulations relating to foreign exchange control.

Appears in 1 contract

Samples: Joint Venture Agreement (On Semiconductor Corp)

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Bank Accounts and Foreign Exchange Control. (a) The Company shall separately open foreign exchange accounts and Renminbi bank accounts at authorized banks in China and may also open foreign exchange account(s) within or outside China with upon approval by the approval of SAFE for the furtherance of its business purposes. (b) relevant authorities. The Company’s 's foreign exchange transactions shall be handled in accordance with relevant Chinese the regulations of China relating to foreign exchange control.

Appears in 1 contract

Samples: Joint Venture Contract (United Australasian Communications Inc)

Bank Accounts and Foreign Exchange Control. (a) The Company shall separately open a foreign exchange account and a Renminbi account at an authorized bank accounts at authorized banks in within China and may also open foreign exchange account(s) outside China approved by the SAFE and, with the approval of SAFE for SAFE, may open a bank account in the furtherance name of its business purposes. (b) the Company outside China. The Company’s 's foreign exchange transactions shall be handled in accordance with relevant Chinese regulations the Applicable Laws of China relating to foreign exchange control.

Appears in 1 contract

Samples: Joint Venture Contract (Spar Group Inc)

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