Legal and continuous operation Sample Clauses

Legal and continuous operation. (a) The Group Companies are a company duly incorporated and validly existing in accordance with applicable Laws and have independent legal person status; (b) No judgment of any court of competent jurisdiction has declared the Group Companies bankrupt or insolvent or under a similar circumstance, and there are no pending Legal Proceedings against the Group Companies as bankrupt, insolvent or under a similar circumstance, and to the Knowledge of the Transferor and the Actual Controller, no Person will initiate such Legal Proceedings; there is no known or ought to have known administrative penalty or pending Legal Proceedings that result in any Group Companies being ordered to suspend production or close down, revoked of business license, terminated or suspended of operation; (c) The Group Companies have obtained all Business Permits required for the conduct of their business in accordance with relevant laws and regulations and industry policies. Such Business Permits remain valid and have been reasonably and effectively maintained and maintained, and there is no circumstance that causes or may result in invalidity, cancellation, revocation or non-extension of such Business Permits, nor any known or known material risk of loss; (d) Except as set forth in the corresponding section of the Disclosure Schedule, the Group Companies have at all times complied with all applicable laws and regulations of the People’s Republic of PRC (and, if applicable, their home countries or regions) (including, without limitation, any laws and regulations in relation to industry regulation, industry and commerce, finance, tax, Customs, foreign exchange, labor, social security, intellectual property, product quality, environmental protection, health, fire control, work safety, anti-corruption and anti-commercial bribery, cyber security, data protection and personal information protection) during their operation. The Group Companies have not engaged in or participated in any acts that result in revocation of business license of the Group Companies, suspension of business for rectification or other acts that have material effect on their operation under applicable laws and regulations; (e) Neither the Group Companies nor their actual controllers, legal representatives, directors, supervisors and senior officers has committed any criminal act relevant to their business or any infringement or any other circumstances under which they cannot continue to serve as the legal representative,...
Sample 1
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Related to Legal and continuous operation

  • Continuous Operation The work week shall provide for continuous operation based on a seven (7) day week, twenty-four (24) hours per day.

  • Continuous Operations Any employee or group of employees engaged in an operation for which there is regularly scheduled employment on a twenty-four (24) hour a day, seven (7) day a week basis shall be known as continuous operations employees.

  • Co-operation Each Party acknowledges that this ESA must be approved by the Department and agree that they shall use Commercially Reasonable efforts to cooperate in seeking to secure such approval.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Description of Accounting Services on a Continuous Basis The Administrator will perform the following accounting services with respect to the Portfolio: (i) Journalize investment, capital share and income and expense activities; (ii) Verify investment buy/sell trade tickets when received from the investment adviser for the Portfolio (the “Adviser”) and transmit trades to the Fund’s custodian (the “Custodian”) for proper settlement; (iii) Maintain individual ledgers for investment securities; (iv) Maintain historical tax lots for each security; (v) Reconcile cash and investment balances of the Fund with the Custodian, and provide the Adviser with the beginning cash balance available for investment purposes; (vi) Update the cash availability throughout the day as required by the Adviser; (vii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (viii) Calculate various contractual expenses (e.g., advisory and custody fees); (ix) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments; (x) Control all disbursements and authorize such disbursements upon Written Instructions; (xi) Calculate capital gains and losses; (xii) Determine net income; (xiii) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of the Portfolio’s Investments; (xiv) Transmit or mail a copy of the daily portfolio valuation to the Adviser; (xv) Compute net asset value; (xvi) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and (xvii) Prepare upon request a monthly financial statement which includes the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Cash Statement Schedule of Capital Gains and Losses.

  • Management and Operation of Business Section 7.1 Management 47 Section 7.2 Certificate of Limited Partnership 48 Section 7.3 Restrictions on Managing General Partner’s Authority 49 Section 7.4 Reimbursement of the Managing General Partner 49 Section 7.5 Outside Activities 50 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 51 Section 7.7 Indemnification 53 Section 7.8 Liability of Indemnitees 54 Section 7.9 Resolution of Conflicts of Interest 55 Section 7.10 Other Matters Concerning the Managing General Partner 57 Section 7.11 Purchase or Sale of Partnership Securities 57 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 57 Section 7.13 Reliance by Third Parties 59

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Business Continuity Registry Operator shall maintain a business continuity plan, which will provide for the maintenance of Registry Services in the event of an extraordinary event beyond the control of the Registry Operator or business failure of Registry Operator, and may include the designation of a Registry Services continuity provider. If such plan includes the designation of a Registry Services continuity provider, Registry Operator shall provide the name and contact information for such Registry Services continuity provider to ICANN. In the case of an extraordinary event beyond the control of the Registry Operator where the Registry Operator cannot be contacted, Registry Operator consents that ICANN may contact the designated Registry Services continuity provider, if one exists. Registry Operator shall conduct Registry Services Continuity testing at least once per year.

  • Statement of Operations Statement of Changes in Net Assets.

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