Organization and Nature of Operations Sample Clauses

Organization and Nature of Operations. Tudou Holdings Limited (the "Company") was incorporated under the law of Cayman Islands ("Cayman") as a limited liability company on April 15, 2010. The Company was incorporated as an investment holding company and currently has no significant assets or operations of its own, other than its investments in the entities discussed below. Starcloud Media Co., Limited (the "Starcloud BVI") was incorporated under the law of British Virgin Islands ("BVI") as a limited liability company on November 1, 2005. In September 2010, all of the existing ordinary and preferred shareholders of Starcloud BVI exchanged their respective shares in Starcloud BVI for an equivalent number of shares of the Company at equivalent classes. As a result, Starcloud BVI became a wholly-owned subsidiary of the Company. The rights of the preferred and ordinary shares issued by the Company were the same as those originally issued by Starcloud BVI (the "Reorganization"). Accordingly, the Reorganization has been accounted for as a legal reorganization of entities under common control and the accompanying consolidated financial statements have been prepared as if the group structure after the completion of the Reorganization had been in existence throughout all relevant periods. The accompanying consolidated financial statements include the financial statements of the Company, its subsidiaries and variable interest entities ("VIEs" or "VIE subsidiaries", collectively as "subsidiaries") as follows: Name of the subsidiaries Place of incorporation Date of incorporation/ acquisition Relationship Principal activities Starcloud BVI BVI November 1, 2005 Wholly-owned subsidiary Investment holding Star Manor Limited ("Star Manor") Hong Kong February 9, 2010 Wholly-owned subsidiary Investment holding Reshuffle Technology (Shanghai) Co., Ltd. ("Reshuffle Shanghai") Shanghai, PRC January 25, 2006 Wholly-owned subsidiary Technology consulting and administrative services Wohong Network Technology (Shanghai) Co., Ltd. ("Shanghai Wohong") Shanghai, PRC August 2, 2010 Wholly-owned subsidiary Technology consulting services Quan Toodou Network Science and Technology Co., Ltd. ("Quan Toodou") Shanghai, PRC December 8, 2004 VIE Online advertising operations NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) (Amounts expressed in RMB unless otherwise stated)
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Organization and Nature of Operations. (Continued) Upon the formation of these VIEs, the Company has various agreements with its VIEs, through which, the Company holds all of the variable interests of the VIEs. Details of certain key agreements with the VIEs are as follows: •
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Organization and Nature of Operations. Henan Zhongpin Food Share Company Limited (the Company) is incorporated in the People's Republic of China (PRC). The Company is headquartered in Henan Province and has its corporate office in Changge City. The Company is principally engaged in the production of pork, pork products and vegetables, and the retail sales of pork, processed pork products, vegetables and other grocery items to customers throughout China and other export countries, either directly or through its subsidiaries (collectively the "Company"). Details of its subsidiaries are as follows: Domicile and Date Registered Percentage Name of Incorporation Capital of Ownership ------------------------------------------------------------------------------------------------------ Henan Zhongpin Industrial Company Limited The PRC $ 5,000,000 88.00% January 17, 2002 Henan Zhongpin Import and Export Trading Company The PRC $ 4,500,000 88.93% August 11, 2004
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Organization and Nature of Operations. The combined financial statements include the accounts of Eyelematic Manufacturing Company, Inc. (Eyelematic), Echo Manufacturing Company, Inc. (Echo), Workforce One, Inc. (Workforce), and Seemar Real Estate, LLC (Seemar), collectively (the Companies). Eyelematic is a Connecticut Corporation engaged in the design and manufacture of cosmetic packaging products and industrial metal packaging products. The Company engages in business with customers worldwide. Echo is a Connecticut S Corporation engaged in the manufacture of plastic molded parts, anodized metal parts and the assembly of components. Transactions with Eyelematic account for 100% of Echo’s revenue. Workforce is a Connecticut S Corporation engaged in providing temporary labor services to customers located in the State of Connecticut. On January 31, 2008, Workforce discontinued operations. Seemar is a Connecticut limited liability company of which officers of Eyelematic and Echo are members. Seemar is engaged in leasing real estate to the above related entities through operating leases. Transactions with Eyelematic and Echo account for 100% of Seemar’s revenue. The Companies are under common ownership and controlled by members of two families. The Companies operate production facilities in Waterbury and Watertown, Connecticut. All material intercompany transactions between the Companies have been eliminated in the combination.
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Organization and Nature of Operations. Henan Zhongpin Food Share Company Limited (the Company) is incorporated in the People's Republic of China (PRC). The Company is headquartered in Henan Province and has its corporate office in Changge City. The Company is principally engaged in the production of pork, pork products and vegetables, and the retail sales of pork, processed pork products, vegetables and other grocery items to customers throughout China and other export countries, either directly or through its subsidiaries (collectively the "Company"). Details of its subsidiaries are as follows: DOMICILE AND DATE REGISTERED PERCENTAGE NAME OF INCORPORATION CAPITAL OF OWNERSHIP ---------------------------------------------------------------------------------------------------------- Henan Zhongpin Industrial Company Limited The PRC 18,000,000 RMB 88.00% January 17, 2002 Henan Zhongpin Import and Export Trading Company The PRC 5,060,000 RMB 88.93% August 11, 2004
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Organization and Nature of Operations. Rockford Health System (RHS) consists of affiliated corporations, which include Rockford Memorial Hospital (the "Hospital"), Rockford Health Physicians (RHPH), Visiting Nurses Association of the Rockford Area (VNA), Rockford Memorial Development Foundation (RMDF), Rockford Health System Ventures, LLC (RHSV), and Rockford Health Insurance Ltd. (RHIL) (collectively the “System”). RHS is the sole corporate member of the Hospital, RHPH, and VNA, all of which are Illinois not-for- profit corporations previously determined by the Internal Revenue Service to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, and the sole shareholder of RMDF, an Illinois not-for-profit corporation previously determined by the Internal Revenue Service to be exempt from federal income taxes under Section 509(a)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes related to these entities has been made. RHS and its affiliated corporations operate in northern Illinois. The Hospital provides inpatient, outpatient, and emergency care services to area residents. RHPH provides physician and ambulatory care services at several sites. VNA provides home health nursing services and rents medical equipment to area residents. RMDF is organized to promote education and scientific and charitable health care activities. RHSV is a wholly owned subsidiary of the Hospital and was created to manage the organization’s investments in joint ventures. RHIL is a wholly owned subsidiary of the Hospital and is incorporated under the laws of Bermuda. RHIL provides the affiliated corporations with excess professional and general liability insurance.
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Related to Organization and Nature of Operations

  • Organization and Business The Company is (a) a duly organized and validly existing corporation or limited liability company, (b) in good standing under the laws of the jurisdiction of its incorporation or organization, and (c) has the power and authority, corporate or otherwise, necessary (i) to enter into and perform this Agreement and the Documents to which it is a party, and (ii) to carry on the business now conducted or proposed to be conducted by it.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

  • Organization and Related Matters Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Organization and Capitalization The organizational structure and pro-forma capitalization of the Obligors, after giving effect to the Transactions, as set forth on Schedule 7.20 shall be reasonably satisfactory to the Administrative Agent.

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