Consideration for the Subscription Sample Clauses
Consideration for the Subscription. In consideration of the Company’s allotment and issuance of the New Shares to the Subscriber and/or its nominee(s), the Subscriber shall pay the Subscription Price to the Company in the following manner:
(a) the Hong Kong dollar or US$ equivalent of RMB60,000,000 shall be paid to the Company in clear and available fund (or such means of payment as agreed between the Company and the Subscriber) on the Closing Date; and
(b) the Hong Kong dollar or US$ equivalent of the balance shall be paid to the Company in clear and available fund (or such means of payment as agreed between the Company and the Subscriber) within 15 days from the date on which the Audited Accounts are issued. For the purpose of this Agreement, the exchange rate of US$1.00 to RMB8.27 shall be adopted.
Consideration for the Subscription. In consideration of the Company’s allotment of CDH Subscription Stocks to CDH, CDH shall upon completion of the Subscription pay the sum of US$18,633,540.37 to the Company in clear fund after deducting the Final Transaction Costs or the Estimated Transaction Costs (as the case may be) in accordance with the provisions set out in Section 4.3 hereof.
Consideration for the Subscription. As consideration for the 220 Ordinary Shares, on the Closing Date, the Subscriber shall transfer, free from any Encumbrance, to the Company its entire equity interest in China Technology New Energy Limited, a company incorporated under the laws of the British Virgin Islands (Company No. 1456439) whose registered office is located at ▇.▇.▇▇▇ 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands (“CTNE”) which shall hold exclusive rights to develop 180 MW roof-top solar plants in China valid for 25 years (the “Exclusive Development Rights”) valued at an agreed upon amount equal to HK$132,000,000. The Exclusive Development Rights are mainly comprised of 25-year exclusive rights to develop solar plants on warehouse rooftops of three enterprises within China: China Merchants Logistics Holding Co., Ltd., China Merchants Bonded Logistics Ltd. and China Ocean Shipping Agency Shenzhen Ltd. The corporate particulars of CTNE as of the date hereof and immediately prior to the Closing are set out in Schedule 3 of this Agreement. Immediately after the Closing, the Company shall legally and beneficially own 100% of the share capital of CTNE, free from any Encumbrance (on an as-converted and fully-diluted basis).
Consideration for the Subscription. In consideration of the Company’s allotment and issuance of Shares as set forth in Section 3.1, the Shareholders shall take the following actions:
(a) LTBVI shall agree to pay to the Company and/or directly to LTICN and LTIUS US$1,500,000 in readily available funds as consideration for its Preferred Shares in the manner, and at such times, as set forth in Section 3.3(a) and Section 10.3 below, and shall provide its technical know-how related to the Business to the Group as consideration for its Ordinary Shares;
(b) Chen and Liang shall contribute any legal rights and interests they have in and to Intellectual Property Rights related to the Business to the Company, agree to become employees of a Group Company and shall provide their technical know-how related to the Business to the Group as consideration for their Ordinary Shares; and
(c) ▇▇▇▇▇▇▇▇▇▇ agrees to become an employee of a Group Company and shall provide his technical know-how related to the Business to the Group as consideration for his Ordinary Shares.
Consideration for the Subscription. In consideration of the Company’s allotment of the Subscription Shares to the Subscriber, the Subscriber shall pay RMB 395,000,000 (or the USD equivalent to RMB 395,000,000 at such an exchange rate to be quoted by the remitting bank at the date immediately before the remittance shall be made by the Subscriber) to the Company upon Closing.
Consideration for the Subscription. In consideration of the Company’s allotment of the Subscription Shares to WSCP and HPC, WSCP and HPC shall each pay RMB 6,000,000 (or the USD equivalent of RMB 6,000,000 at such an exchange rate to be quoted by the remitting bank at the date immediately before the remittance shall be made by each of WSCP and HPC) to the Company upon Closing. WSCP and HPC had in June 2010 already paid the USD equivalent of RMB 2,500,000 as part payment payable by WSCP and HPC for allotment of the Subscription Shares and pursuant to the instruction of the Company such amount was paid to INSCOM HK on that date, pending allotment of the Subscription Shares. Further, WSCP and HPC had on 22 October, 2010 paid an additional amount of the USD equivalent of RMB 9,500,000 to the Company as balance amount payable by WSCP and HPC for allotment of the Subscription Shares, pending allotment of the Subscription Shares and subject to the terms of a letter from WSCP and HPC to the other Parties to this Agreement, CISG and ▇▇. ▇▇▇▇ ▇▇▇▇, the contents of which are acknowledged and agreed by the other Parties to this Agreement, CISG and ▇▇. ▇▇▇▇ ▇▇▇▇ (the “Side Letter”). The Parties agree that such amount already paid to the Company shall be applied upon Closing as consideration for the allotment of the Subscription Shares.