Common use of Free Transferability of Dividends or Distributions Clause in Contracts

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and PRC law and regulations 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 Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Hong Kong or the PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx , Xxxx Xxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx , Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 2 contracts

Samples: Underwriting Agreement (Erayak Power Solution Group Inc.), Underwriting Agreement (Intelligent Living Application Group Inc.)

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Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement Statement, and Prospectus Prospectus, all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx Xxxx, and PRC law and regulations be paid by the Company to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong XXX, Xxxx Xxxx or the PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx XXX, Xxxx Xxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx XXX, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Planet Image International LTD)

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and PRC law and regulations 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 Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx or the PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxx Xxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Hywin Holdings Ltd.)

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Cxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and PRC law and regulations 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 Xxxxxx Cxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Hong Kong or the PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Cxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx , Xxxx Xxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Cxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx , Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Cxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Intelligent Living Application Group Inc.)

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx and PRC xxx Xxxxxx Xxxxxx law and regulations 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 Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx and the PRC United States in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong XXX, Xxxx Xxxx or the PRCUnited States, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx XXX, Xxxx Xxxx and the PRCUnited States, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx XXX, Xxxx Xxxx and the PRC United States or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, XXX Xxxx Xxxx and the PRC xxx xxx Xxxxxx Xxxxxx or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Prestige Wealth Inc.)

Free Transferability of Dividends or Distributions. Except as disclosed in the Pricing Disclosure MaterialsPackage, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares common shares of the Company may under the current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and PRC law laws and regulations of the Cayman Islands, the British Virgin Islands, Singapore, Taiwan, Hong Kong, Australia and PRC, be paid to the holders of Securities Securities, as the case may be, in United States dollars and may be converted into foreign currency that may be transferred out of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxx, Xxxx Xxxx Xxxx, Xxxxxxxxx and the PRC in accordance withPRC, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong Xxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxx, Xxxx Xxxx, Xxxxxxxxx or the PRC, will not be subject to income, withholding or other taxes under, the under laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxx, Xxxx Xxxx Xxxx, Xxxxxxxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxx, Xxxx Xxxx Xxxx, Xxxxxxxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx XxxxxxxCayman Islands, Xxxxxxx Xxxxxx Xxxxxxxthe British Virgin Islands, Xxxx Xxxx Singapore, Taiwan, Hong Kong, Australia and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (CLPS Inc)

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Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and PRC law and regulations be paid to the Depositary and to the holders of Securities Securities, as the case may be, in United States dollars and may be converted into foreign currency that may be transferred out of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC in accordance withwith the Deposit Agreement, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx or the PRC, will not be subject to income, withholding or other taxes under, the under laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxx Xxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Puyi, Inc.)

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and PRC law and regulations 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 Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx or the PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxx Xxxx and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx, Xxxx Xxxx and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Pop Culture Group Co., LTD)

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx Xxxx, Xxxxxx Xxxxxx, and PRC law and regulations 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 Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx Xxxx, Xxxxxx Xxxxxx, and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong XXX, Xxxx Xxxx, Xxxxxx Xxxxxx or the PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx XXX, Xxxx Xxxx Xxxx, Xxxxxx Xxxxxx, and the PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Xxxxxx XxxxxxxCayman Islands, Xxxxxxx Xxxxxx Xxxxxxx , Xxxx Xxxx Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Xxxxxx Xxxxxxx, Xxxxxxx Xxxxxx XxxxxxxXXX, Xxxx Xxxx Xxxx, Xxxxxx Xxxxxx, and the PRC or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Webus International Ltd.)

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