Establishment of the New Contractual Arrangements Sample Clauses

Establishment of the New Contractual Arrangements. Upon completion of the Transfer, Sichuan WCH will enter into the New Contractual Arrangements with the WFOE, Jinyi Hongkang, Jinxin Medical Investment and the Registered Shareholders on substantially the same terms and conditions as those of the Existing Sichuan WCH Contractual Arrangements, save for consequential changes as a result of the Internal Restructuring of Sichuan WCH, namely the basic information of the parties and the amount of equity interest to be controlled by the WFOE under the New Contractual Arrangements. The Group intends to strategically develop itself into providing medical services that support the entire fertility and pregnancy lifecycle for family through the acquisition of Sichuan WCH. The inclusion of Molecular Genetics Services, being the cutting-edge technology for pre-natal examination, is vital to the Group’s future development for its ability to diagnose birth defects during pregnancy term with a higher accuracy, as compared to the use of cytogenetics. As of December 31, 2021, there were only 13 medical institutions in Sichuan Province qualified to provide pre-natal molecular genetics services and all of which are public hospitals. As of the date of this announcement, Sichuan WCH has met the pre-conditions for the approval for the provision of Molecular Genetics Services. Hence, the inclusion of Molecular Genetics Services is essential to the development of the Group in allowing it to reach and maintain a higher level of medical technologies and equipment used in the area of assisted reproduction services, obstetrics, gynecology and pediatrics, which in turn further strengthens the Group’s competitiveness and reputation. As disclosed in the section headed “Contractual Arrangements” in the Prospectus, due to applicable PRC laws and regulatory restrictions on foreign ownership, medical institutions may not be held 100% by foreign investors, and foreign investments are restricted to the form of Sino-foreign equity joint venture or cooperative joint venture. However, the inclusion of Molecular Genetics Services requires the involvement of genetic information and DNA of patients, which are regarded as highly sensitive in nature, and as confirmed by the Health Commission of Sichuan Province (四川省衛生健康委員會), the provision of Molecular Genetics Services involves “development and application of technologies for the diagnosis and treatment with human stem and genes” (人體幹細胞、基因診斷與治療技術開發和應用), which is a “prohibited investment category” for f...
Sample 1
AutoNDA by SimpleDocs

Related to Establishment of the New Contractual Arrangements

  • Other Contractual Arrangements 8.1 Escrow Agent Not a Trustee The Escrow Agent accepts duties and responsibilities under this Agreement, and the escrow securities and any share certificates or other evidence of these securities, solely as a custodian, bailee and agent. No trust is intended to be, or is or will be, created hereby and the Escrow Agent shall owe no duties hereunder as a trustee.

  • Additional Arrangements The UVMP in Košice can offer to students, within its own accommodation capacities, an accommodation in its own facilities for the respective academic year. The accommodation fee and conditions of providing the accommodation are in full competence of the UVMP.

  • Transitional Arrangements 1. Subject to the provisions of paragraphs 2, 3 and 4, no Member shall be obliged to apply the provisions of this Agreement before the expiry of a general period of one year following the date of entry into force of the WTO Agreement. 2. A developing country Member is entitled to delay for a further period of four years the date of application, as defined in paragraph 1, of the provisions of this Agreement other than Articles 3, 4 and 5. 3. Any other Member which is in the process of transformation from a centrally-planned into a market, free-enterprise economy and which is undertaking structural reform of its intellectual property system and facing special problems in the preparation and implementation of intellectual property laws and regulations, may also benefit from a period of delay as foreseen in paragraph 2. 4. To the extent that a developing country Member is obliged by this Agreement to extend product patent protection to areas of technology not so protectable in its territory on the general date of application of this Agreement for that Member, as defined in paragraph 2, it may delay the application of the provisions on product patents of Section 5 of Part II to such areas of technology for an additional period of five years. 5. A Member availing itself of a transitional period under paragraphs 1, 2, 3 or 4 shall ensure that any changes in its laws, regulations and practice made during that period do not result in a lesser degree of consistency with the provisions of this Agreement.

  • SUPPLEMENTAL ARRANGEMENTS The Sub-Advisor may enter into arrangements with other persons affiliated with the Sub-Advisor or with unaffiliated third parties to better enable the Sub-Advisor to fulfill its obligations under this Agreement for the provision of certain personnel and facilities to the Sub- Advisor, subject to written notification to and approval of the Manager and, where required by applicable law, the Board of Directors of the Fund.

  • Implementation Arrangements Institutional Arrangements

  • Financial Arrangements The Commonwealth will provide an estimated total financial contribution to the States of up to $9.5 billion (GST exclusive) in respect of this Agreement, as set out in Part 5 – Financial Arrangements.

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

  • Special Arrangements Fees for activities of a non-recurring nature such as reorganizations, and/or preparation of special reports will be subject to negotiation.

  • Institutional Arrangements 1. The AIA Council, as established by the AEM under the AIA Agreement, shall be responsible for the implementation of this Agreement. 2. The ASEAN Coordinating Committee on Investment (CCI) as established by the AIA Council and comprising senior officials responsible for investment and other senior officials from relevant government agencies, shall assist the AIA Council in the performance of its functions. The CCI shall report to the AIA Council through the Senior Economic Officials Meeting (SEOM). The ASEAN Secretariat shall be the secretariat for the AIA Council and the CCI. 3. The functions of the AIA Council shall be to: (a) provide policy guidance on global and regional investment matters concerning promotion, facilitation, protection, and liberalisation; (b) oversee, coordinate and review the implementation of this Agreement; (c) update the AEM on the implementation and operation of this Agreement; (d) consider and recommend to the AEM any amendments to this Agreement; (e) Update and endorse the Reservation Lists of this Agreement; (f) facilitate the avoidance and settlement of disputes arising from this Agreement; (g) supervise and coordinate the work of the CCI; (h) adopt any necessary decisions; and (i) carry out any other functions as the AEM may agree.

  • Flexible Working Arrangements In accordance with the Employment Relations Act 2000, an employee affected by family violence may request a short-term (two months or less) variation of their employment arrangements to assist the employee to deal with the effects of family violence.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!