Bank Signatories. The bank account of the Company into which the proceeds from the sale of the Series B Shares hereunder are shall be deposited into a bank account in Hong Kong (the “Main Account”). The Main Account shall only be jointly operated, as at and after Closing, only by the then chief executive officer of the Company and a director of the Company appointed by JAFCO (the “Main Account Signatories”). The amount of each transfer of funds out of the Main Account shall be at least US$250,000 (or if transferring all the cash remaining in the Main Account, any lesser amount representing the balance of the Main Account at that time) and each such transfer shall require the joint signatures of the Main Account Signatories.
Bank Signatories. After the Second Closing, each Target shall cause Xxxx Xxxxxxxx to be added as a signatory authority to all bank accounts, including without limitation, those located in the PRC and Taiwan.
Bank Signatories. Written resignations, effective as of the Closing, of Target’s bank account signatories and appointment of such signatories as designated by Buyer; (j) Consulting services agreements. Executed counterparts by Xxxxx (Xxx) Register IV, Xxxxx Xxxxxxxxxx and Xxxxx Xxxxxxxx of a consulting services agreement in substantially the form of Exhibit D; (k) Target’s Transaction Expenses. A Target Expenses certificate delivered to Buyer as of the Closing Date; (l) Legal Opinion. A legal opinion in form and substance as set forth in Exhibit E attached hereto, addressed to Buyer and on which Buyer’s legal counsel shall be entitled to rely, and dated as of the Closing Date; (m) FIRPTA Affidavit. A non-foreign affidavit dated as of the Closing Date from each Seller, sworn under penalty of perjury and in form and substance required under the Treasury Regulations issued pursuant to Code Section 1445 stating that such Seller is not a “Foreign Person” as defined in Code Section 1445; (n) Affiliate Loans Repaid. Evidence that any outstanding loans to officers, directors, stockholders and/or employees of any of the Target Entities or any Affiliate of any Seller have been repaid in full, including accrued interest; (o)
Bank Signatories. 36 4.12 Buyouts.............................................................................. 36 4.13 No Transfer of Company Shares........................................................ 36 4.14
Bank Signatories. Within ten (10) business days following the date ---------------- hereof, the Company shall change the authorized signatories on each of its bank and other accounts listed on Schedule 4.11 attached hereto such that Xxxxxx X. ------------- Xxxxxx and Xxxxxx X. Xxxxx the sole authorized signatories on each such account and shall thereafter not change the authorized signatories on any such account through the Closing.
Bank Signatories. PIHK and NZR agree that only PIHK shall have the right to appoint joint authorised signatories of all bank accounts of the EJV. Any cheques drawn by the EJV and/or any withdrawal, transfer from such bank accounts shall be countersigned by any two of the said joint authorised signatories. Provided always that PIHK’s nominee shall have the absolute discretion to refuse signing or countersigning any cheques if PIHK shall reasonably believe making of such payment will adversely affect the EJV’s interest.
Bank Signatories. As soon as possible but no later than 60 business days after the Closing, each of the Group Companies shall remove those Persons who were bank signatories to any and all bank and deposit accounts of the Group Companies and appoint the Persons designated by the Purchasers in their places.
Bank Signatories. Written resignations, effective as of the Closing, of Target’s bank account signatories and appointment of such signatories as designated by Buyer;
Bank Signatories. Each of the Group Companies shall have removed those Persons who were bank signatories to any and all bank and deposit accounts of the Group Companies and appoint the Persons designated by the Purchasers in their places.
Bank Signatories. There shall be at least two (2) signatories to all cheques by the JV Company and PMI, and where the amount is more than USD20,000.00 or its equivalent, such signatories shall consist of at least one (1) nominee director or employee each appointed by QLO and the Promoter/HT respectively.
