Capital Injection. 1. For the exclusive use of promoting the innovative project described under (S) 1 Section 2(b), and based upon the information provided by the YTC in the Application for Investment dated Nov. 28, 1994, tbg makes an investment in the amount of DM 1,000,000.--, provided that the YTC can document an investment of DM 1,000,000 by SEQUENOM Inc., Boston, x/x XXX Xxxxxx Xxxxxxx Management L.P., 000 Xxxx , Xxxxxx, Xxxxxx XX 021 10, USA (referred to as Associated Company "AC" in the following), and that the AC has concluded a cooperation agreement with tbg. The AC will consult TVM Techno Venture Management Gesellschaft mbH & Co. KG, Xxxxxxxxxx. 00 A, 80802 Munich, regarding the management of the investment.
Capital Injection. Pursuant to the Capital Injection Agreement, each of Xxx Xxx, Xxx Xxxx and Hua Ze, agreed that the registered capital of Tian Fa Equipment be increased from RMB86,343,700 (approximately HK$89,941,400) to RMB180,597,600 (approximately HK$188,122,500) by injection of the followings:- i) Xxx Xxx will pay the consideration in land and properties valued at RMB88,670,400 (approximately HK$92,365,000) less the consideration to be received in transfer of its shares in Tian Fa Equipment in value of RMB6,230,000 (approximately HK$6,489,600) to Hua Ze, dividing between RMB59,739,400 (approximately HK$62,228,500) as contribution to the registered capital of Tian Fa Equipment and RMB22,701,000 (approximately HK$23,646,900) as contribution to the capital reserves of Tian Fa Equipment. The value for the land and properties are with reference to the valuation performed by an independent valuer and the Company considers that such valuation amount is fair and reasonable; ii) Xxx Xxxx will pay the consideration of RMB41,400,000 (approximately HK$43,125,000) in cash dividing between RMB30,000,000 (approximately HK$31,250,000) as contribution to the registered capital of Tian Fa Equipment and RMB11,400,000 (approximately HK$11,875,000) as contribution to the capital reserves of Tian Fa Equipment; and iii) Hua Ze will pay the consideration of RMB6,230,000 (approximately HK$6,489,600) in transfer of shares in Tian Fa Equipment in such value by Xxx Xxx, dividing between RMB4,514,500 (approximately HK$4,702,600) as contribution to the registered capital of Tian Fa Equipment and RMB1,715,500 (approximately HK$1,787,000) as contribution to the capital reserves of Tian Fa Equipment. There is no further capital injection obligation for Xxx Xxxx under the Capital Injection Agreement and is expected that the capital injection by Xxx Xxxx will complete within 3 months of entering into the Capital Injection Agreement. The following table shows the percentage interest in the registered capital of Tian Fa Equipment before and after completion of the Capital Injection:– Shareholders Existing registered capital prior to the completion of the Capital Injection Capital Injection Registered capital after completion of the Capital Injection RMB (%) RMB RMB (%) Xxx Xxx 48,016,000 (55.6%) 82,440,400(Note 1) 107,755,400 (59.7%) Xxx Xxxx 31,397,714 (36.4%) 41,400,000(Note 2) 61,397,714 (34.0%) Hua Ze 6,930,000 (8%) 6,230,000(Note 3) 11,444,500 (6.3%) Total: 86,343,714 (100%) 130,070,400 180,597,614 (...
Capital Injection. Pursuant to the Investment Cooperation Agreement, Xiamen Company, AVIC Shenzhen, AVIC International and Xiamen Jincai, all being shareholders of Xiamen Tianma with respective equity interest of 6%, 15.3%, 14.7% and 64% therein, agreed to inject a total of RMB6 billion (equivalent to approximately HK$7.5 billion) into Xiamen Tianma on a pro rata basis. The amount of Capital Injection to be made by each of Xiamen Company, AVIC Shenzhen, AVIC International and Xiamen Jincai is set out below: Party Amount of Capital Injection to be made (RMB) Percentage of interest in the registered capital of Xiamen Tianma after the completion of the Capital Injection Xiamen Company 360,000,000 6% AVIC Shenzhen 918,000,000 15.3% AVIC International 882,000,000 14.7% Xiamen Jincai 3,840,000,000 64% Total: 6,000,000,000 100% Since the Capital Injection is on a pro rata basis, Xiamen Tianma will remain held as to 6% by Xiamen Company. Upon completion of Capital Injection by its shareholders, the total registered capital of Xiamen Tianma will be increased from RMB2.8 billion (equivalent to approximately HK$3.5 billion) to RMB8.8 billion (equivalent to approximately HK$11 billion). The Capital Injection to be contributed by Xiamen Company in the sum of RMB360,000,000 (equivalent to approximately HK$450,000,000) will be funded by the internal resources of the Group. Before and after the completion of Investment Cooperation Agreement, Xiamen Tianma is and remains to be accounted for as an investment of the Group. Before and upon completion of the Investment Cooperation Agreement, the financial results and assets and liabilities of Xiamen Tianma is not and will not be consolidated in the financial statements of the Group. Pursuant to the Investment Cooperation Agreement, the Capital Injection will be made by the shareholders of Xiamen Tianma (including Xiamen Company) in the following manner on a pro rata basis:
Capital Injection. (a) Loan Parties covenant and agree that Stonepath will receive a capital injection, in cash, (as equity or subordinated indebtedness under terms and agreements acceptable to Lender) of at least $5,000,000 ("Required Capital Injection") by no later than April 30, 2005.
Capital Injection. In the event of a Capital Markets ----------------- Transaction, the proceeds must be contributed to the Borrower, in accordance with the requirement of the Resources/Production Capital Markets Transaction Letter as a capital injection by Resources or by an Affiliate of the Borrower and such proceeds shall be used as a mandatory prepayment and permanently reduce the Availability (except to the extent expressly provided for in this Agreement with respect to the Capital Expenditures Portion) in the amount of the prepayment (i) first to prepay the Fixed Asset Allocation, (ii) then to prepay the amounts pursuant to Section 2.6(b) and (iii) finally, to prepay any outstanding loans under the Capital Expenditures Portion.
Capital Injection. The Net Assets in the Completion Statement will incorporate any capital injection made prior to the Completion Date.
Capital Injection. 4.1 All Parties hereto agree with the capital injection under this Agreement to increase registered capital account of Target Company with the purpose of developing business of the Target Company in consistence with the applicable laws and regulations of PRC. Based on the information disclosed by Party A, Party B have already fully known of the assets, property and liabilities of Target Company and are desirous of injecting capital basing on the current assets condition of Target Company.
Capital Injection. In the event additional capital shall be injected in Subsidiary Bank, whether by capital note, stock, or in other form, such capital note, stock or other instrument shall be immediately pledged to the Bank.
Capital Injection. The Borrower shall have received (i) a capital injection of at least TWO MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($2,500,000.00) on terms and conditions satisfactory to the Bank and (ii) a commitment, on terms and conditions satisfactory to the Bank, of an additional ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) capital injection.
Capital Injection. Evidence of receipt by the Borrower of capital injection of minimum HKD1,000,000 or USD130,000 or other equivalent currencies which may be freely used for Borrower’s corporate/business purposes.
