Dividends from Subsidiaries. No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company; from making any other distribution on such subsidiary’s capital stock; or from repaying to the Company any loans or advances to such subsidiary from the Company, in each case except as described in or contemplated by the Prospectus or as would not reasonably be expected to have a Material Adverse Effect.
Dividends from Subsidiaries. 61 6.12 Supplemental Reports Regarding Real Property...................... 62 6.13
Dividends from Subsidiaries. Cause the Subsidiaries (other than the Special Purpose Subsidiary, to the extent the Transaction Documents provide to the contrary) to pay dividends to the Company from the Net Cash Proceeds of any sales of as- sets (including Real Property Sales) to the extent not prohib- ited by law, including the proceeds of any utility condemna- tions; provided that proceeds from the sale of residential units, lots or tracts by Subsidiaries (a) from developed phases of a multi-phase project comprising Subsidiary Property Under Development may be used to pay all costs associated with devel- opment of the same phase or additional phases of the same project, including reasonable reserves for such anticipated costs during the period commencing on the date of sale to the date 180 days after the date of sale (excluding any costs which are an allocated share of corporate general and administrative expenses of the Company or any Subsidiary), and (b) from single phase projects comprising Subsidiary Property Under Development to the extent units, lots or tracts may be sold in accordance with applicable laws and regulations prior to completion of the projects may be used to pay all costs associated with develop- ment of such project (excluding any costs which are an al- located share of corporate general and administrative expenses of the Company or any other Subsidiary), in either case until the conclusion of the project, at and following which time all such proceeds shall be distributed to the Company. For pur- poses hereof, "conclusion of the project" shall mean the completion of structure or infrastructure development of the project (or, with multi-phase projects: (a) (i) the final phase of the project, or (ii) the sale of substantially all units thereon; and (b) the payment of the Indebtedness in re- spect of Subsidiary Property Under Development that prohibits such distributions) in accordance with the requirements of ap- plicable laws and regulations.
Dividends from Subsidiaries. No subsidiary of Parent is currently prohibited, directly or indirectly, from paying any dividends to Parent, as applicable; from making any other distribution on such subsidiary’s capital stock; or from repaying to Parent any loans or advances to such subsidiary from Parent, in each case except as described in or contemplated by the Prospectus or as would not reasonably be expected to have a Material Adverse Effect.
Dividends from Subsidiaries. Cause the Subsidiaries (other than the Special Purpose Subsidiary, to the extent the Transaction Documents provide to the contrary) to pay dividends to the Company from the Net Cash Proceeds of any sales of assets (including Real Property Sales) to the extent not prohibited by law, including the proceeds of any utility condemnations; PROVIDED that proceeds from the sale of residential units, lots or tracts by Subsidiaries (a) from developed phases of a multi-phase project comprising Subsidiary Property Under Development may be used to pay all costs associated with development of the same phase or additional phases of the same project, including reasonable reserves for such anticipated costs during the period commencing on the date of sale to the date 180 days after the date of sale (excluding any costs which are an allocated share of corporate general and administrative expenses of the Company or any Subsidiary), and (b) from single phase projects comprising Subsidiary Property Under Development to the extent units, lots or tracts may be sold in accordance with applicable laws and regulations prior to completion of the projects may be used to pay all costs associated with development of such project (excluding any costs which are an allocated share of corporate general and administrative expenses of the Company or any other Subsidiary), in either case until the conclusion of the project, at
Dividends from Subsidiaries. 51 6.12 Supplemental Reports Regarding Real Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 6.13
Dividends from Subsidiaries. Cause the Subsidiaries to pay dividends to Company from the Net Cash Proceeds of any sales of assets (including Real Property Sales) to the extent not prohibited by law, including the proceeds of any utility condemnations; provided that proceeds from the sale of residential units, lots or tracts by Subsidiaries (a) from developed phases of a multiphase project comprising Subsidiary Property Under Development may be used to pay all costs associated with development of the same phase or additional phases of the same project, including reasonable reserves for such anticipated costs during the period commencing on the date of sale to the date 180 days after the date of sale (excluding any costs which are an allocated share of corporate general and administrative expenses of Company or any Subsidiary), and (b) from single phase projects comprising Subsidiary Property Under Development to the extent units, lots or tracts may be sold in accordance with applicable laws and regulations prior to completion of the projects may be used to pay all costs associated with development of such project (excluding any costs which are an allocated share of corporate general and administrative expenses of Company or any other Subsidiary), in either case until the conclusion of the project, at and following which time all such proceeds shall be distributed to Company. For purposes hereof, Conclusion of the project" shall mean the completion of structure or infrastructure development of the project (or, with multi-phase projects: (a) (i) the final phase of the project, or (ii) the sale of substantially all units thereon; and (b) the payment of the Indebtedness in respect of Subsidiary Property Under Development that prohibits such distributions) in accordance with the requirements of applicable laws and regulations.
Dividends from Subsidiaries. Cause the Subsidiaries to pay dividends to Company from the Net Cash Proceeds of any sales of assets (including Real Property Sales) to the extent not prohibited by law, including the proceeds of any utility condemnations; provided that proceeds from the sale of residential units, lots or tracts by Subsidiaries (a) from developed phases of a multi-phase project comprising Subsidiary Property Under Development or Mezzanine Property Under Development may be used to pay all costs associated with development of the same phase or additional phases of the same project, including reasonable reserves for such anticipated costs during the period commencing on the date of sale to the date 180 days after the date of sale (excluding any costs which are an allocated share of corporate general and administrative expenses of Company or any Subsidiary), and (b) from single phase projects comprising Subsidiary Property Under Development or Mezzanine Property Under Development to the extent units, lots or tracts may be sold in accordance with applicable laws and regulations prior to completion of the projects may be used to pay all costs associated with development of such project (excluding any costs which
Dividends from Subsidiaries. Cause the Subsidiaries to pay dividends to Company from the Net Cash Proceeds of any sales of assets (including Real Property Sales) to the extent not prohibited by law, including the proceeds of any utility condemnations; provided that proceeds from the sale of residential units, lots or tracts by Subsidiaries (a) from developed phases of a multi-phase project comprising Subsidiary Property Under Development may be used to pay all costs associated with development of the same phase or additional phases of the same project, including reasonable reserves for such anticipated costs during the period commencing on the date of sale to the date 180 days after the date of sale (excluding any costs which are an allocated share of corporate general and administrative expenses of Company or any Subsidiary), and (b) from single phase projects comprising Subsidiary Property Under Development to the extent units, lots or tracts may be sold in accordance with applicable laws and regulations prior to completion of the projects may be used to pay all costs associated with development of such project (excluding any costs which are an allocated share of corporate general and administrative expenses of Company or any other Subsidiary), in either case until the conclusion of the project, at and following which time all such proceeds shall be distributed to Company. For purposes hereof, "
Dividends from Subsidiaries. Except as disclosed in the Prospectus, (a) the Company’s Subsidiaries are not currently prohibited, directly or indirectly, from paying any dividends or other distributions to the Company, Techniques International or A-Max HK, as applicable, from making any other distribution on their respective equity interests, or from transferring any of their respective property or assets to the Company, Techniques International or A-Max HK, as applicable, and (b) all dividends and other distributions declared and payable upon the equity interests in the Company’s Subsidiaries may be converted into foreign currency that may be freely transferred out of the People’s Republic of China (the “PRC”), the Macao Special Administrative Region of the PRC (“Macao”), Germany, the Hong Kong Special Administrative Region of the PRC (“Hong Kong”), Scotland and the British Virgin Islands (“BVI”), as applicable, and all such dividends and other distributions are not and will not be subject to withholding or other taxes under the current laws and regulations of the PRC, Macao, Germany, Hong Kong, Scotland and BVI and are otherwise free and clear of any other tax, withholding or deduction in the PRC, Macao, Germany, Hong Kong, Scotland and BVI, in each case without the necessity of obtaining any governmental or regulatory authorization in the PRC, Macao, Germany, Hong Kong, Scotland and BVI, except such as have been obtained.
