BVI Sample Clauses

BVI. If Borrower purchases an interest rate cap or swap as permitted in Section 7.22, the Consolidated Debt Service for the Debt under this Agreement shall be calculated using the Eurodollar strike price for such hedging agreement plus 4.25% per annum.
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BVI. There are no restrictions in relation to a foreign party investing in an International Business Company incorporated in the BVI. There are no exchange control restrictions or sanctions currently in effect in the BVI that would in ordinary circumstances 9.2 PRC prevent the repatriation of funds by a company from the BVI to any country. There is no legislation in the BVI, which would affect the timing on the repatriation of profits and as such, there is no timing restrictions imposed in respect of the repatriation of profits in the BVI. The existing policy of the PRC provides that repatriation of profit received by a wholly foreign-owned enterprise can be made after payment of taxes and contributions to a reserve fund and the employee fund. The enterprise is prohibited from distributing dividends unless the losses (if any) of previous years have been made up. Kindly refer to Section 6(viii) above for further information on the foreign exchange control of the PRC.
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BVI. The term “BVI” shall mean the British Virgin Islands.
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BVI. It shall mean the British Virgin Islands
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BVI. Upon request by Administrative Agent at any time, Lenders will confirm in writing Administrative Agent’s authority to release particular types or items of Collateral under this Section 13.11(e).
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BVI. As of the date hereof, the authorized capital stock of SEACOR BVI consists of 50,000 shares, par value US $1.00 per share, of which 50,000 shares are issued and outstanding, and no shares of preferred stock. SEACOR Response Delaware is the record and beneficial owner of the SEACOR Response BVI Shares, free and clear of all Liens, and SEACOR Environmental Services is the record and beneficial owner of the SEACOR Environmental BVI Shares, free and clear of all Liens. All of the issued and outstanding capital stock of BVI is duly authorized, validly issued, fully paid and nonassessable and were issued in compliance with all applicable Laws and constitute all of the issued and outstanding shares of capital stock of BVI.
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Related to BVI

  • CHINA The following provisions govern your participation in the Plan if you are a national of the People’s Republic of China (“China”) resident in mainland China, as determined by the Company in its sole discretion:

  • Acquisition Sub Parent will take all actions necessary to (a) cause Acquisition Sub to perform its obligations under this Agreement and to consummate the First Merger on the terms and conditions set forth in this Agreement and (b) ensure that, prior to the Effective Time, Acquisition Sub shall not conduct any business, or incur or guarantee any indebtedness or make any investments, other than as specifically contemplated by this Agreement.

  • Due Incorporation; Subsidiaries (i) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Maryland, with full corporate power and authority to own, lease and operate its properties and conduct its business as described in the Registration Statement, the Disclosure Package and the Prospectus and to issue, sell and deliver the Shares as contemplated herein.

  • Merger Subsidiary At the Effective Time, each share of Common Stock, par value $.01 per share, of Merger Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock of the Surviving Corporation.

  • Merger Subsidiaries Notwithstanding the foregoing, to the extent any new Subsidiary is created solely for the purpose of consummating a merger transaction pursuant to a Permitted Acquisition, and such new Subsidiary at no time holds any assets or liabilities other than any merger consideration contributed to it contemporaneously with the closing of such merger transaction, such new Subsidiary shall not be required to take the actions set forth in Section 8.14(a) or (b), as applicable, until the consummation of such Permitted Acquisition (at which time, the surviving entity of the respective merger transaction shall be required to so comply with Section 8.14(a) or (b), as applicable, within ten (10) Business Days of the consummation of such Permitted Acquisition, as such time period may be extended by the Administrative Agent in its sole discretion).

  • LTD by its duly appointed Attorneys who state they have no notice of revocation of the Power of Attorney dated 5 February 1990 under which this Agreement is signed. ) ) ) ) ) ) )

  • Merger Sub At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Shell Company The Company is not, and was not in the past, an “ineligible issuer” (as defined in Rule 405 promulgated under the Securities Act).

  • Organizational Documents of the Surviving Corporation The Company Certificate of Incorporation, as in effect immediately prior to the Effective Time, shall be the Certificate of Incorporation of the Surviving Corporation until thereafter changed or amended as provided therein or by applicable Law. The Bylaws of the Company, as in effect immediately prior to the Effective Time, shall be the Bylaws of the Surviving Corporation until thereafter changed or amended as provided therein or by applicable Law.

  • Organization, Corporate Power and Licenses The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of its incorporation described above and is qualified to do business in every jurisdiction in which the failure to so qualify has had or would reasonably be expected to have a material adverse effect on the financial condition, operating results, assets, operations or business prospects of the Company and its subsidiaries taken as a whole. The Company possesses all requisite corporate power and authority and all material licenses, permits and authorizations necessary to own and operate its properties, to carry on its businesses as now conducted and presently proposed to be conducted and to carry out the transactions contemplated by this Agreement. The copies of any existing Stock Purchase Agreements and the Stockholders Agreements and the Company's charter documents and bylaws which have been furnished to Purchaser or the Purchaser's special counsel reflect all amendments made thereto at any time prior to the date of this Agreement and are correct and complete.

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