Common use of Dividends or Distributions Clause in Contracts

Dividends or Distributions. Except as disclosed in the Registration Statement and the Disclosure Materials, all dividends and other distributions declared and payable on the Class A Ordinary Shares may, under the current laws of the Cayman Islands, be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Cayman Islands in accordance with, and all such dividends and other distributions made to holders thereof or therein who are non-residents of the Cayman Islands, will not be subject to income, withholding or other taxes under the laws of the Cayman Islands and may be paid without obtaining any approval or license from or making any filing with any governmental authority in the Cayman Islands.

Appears in 2 contracts

Samples: Underwriting Agreement (NetClass Technology Inc), Underwriting Agreement (NetClass Technology Inc)

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Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and the Disclosure MaterialsProspectus, all dividends and other distributions declared and payable on the Class A Ordinary Shares may, under the current laws of the Cayman Islands, be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Cayman Islands in accordance with, and all such dividends and other distributions made to holders thereof or therein who are non-residents of the Cayman Islands, will not be subject to income, withholding or other taxes under the laws of the Cayman Islands and may be paid without obtaining any approval or license from or making any filing with any governmental authority in the Cayman Islands.

Appears in 1 contract

Samples: Underwriting Agreement (NetClass Technology Inc)

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Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and the Disclosure MaterialsProspectus, all dividends and other distributions declared and payable on the Class A Ordinary Shares may, under the current laws of the Cayman Islands, be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Cayman Islands in accordance with, and all such dividends and other distributions made to holders thereof or therein who are non-residents of the Cayman Islands, will not be subject to income, withholding or other taxes under under, the laws of the Cayman Islands and may be paid without obtaining any approval or license from or making any filing with any governmental authority in the Cayman Islands.

Appears in 1 contract

Samples: Underwriting Agreement (EShallGo Inc.)

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