Project Company. All parties shall jointly fund the establishment of an independent legal person company (hereinafter “Project Company”), specifically responsible for the implementation of the Investment Project. Party A shall be responsible for operating the Project Company, and other parties shall assist the Project Company in the development of resources and other support. Party D shall sign the corresponding cooperation agreement in accordance with this Agreement on behalf of the state-owned company.
Project Company. The Project Company represents and warrants at the Signature Date and the Effective Date that: it is a company with the legal form specified in the Key Information Table, duly incorporated and validly existing under the Laws of the Relevant Jurisdiction and has all requisite legal power and authority to execute this Agreement and to carry out the terms and conditions herein contained; the PPA and this Agreement have been duly executed on proper authority and are in full force and effect; its obligations under this Agreement and its obligations under the PPA are legal, valid and binding and enforceable against it in accordance with the terms of this Agreement and the PPA, subject in each case only to the Legal Reservations; the execution and performance of this Agreement and/or the PPA by the Project Company does not and will not contravene: the Project Company’s constitutional documents; any order or other decision of any Authority or arbitrator that is binding on the Project Company; to the best of the Project Company’s knowledge and belief, the Laws of the Relevant Jurisdiction (in force as of the Signature Date); or any contract or obligation to which the Project Company is a party or by which the Project Company is bound; all Authorisations required for the Project are in full force and effect, save for any Authorisations which are not required by Law to be obtained by the Signature Date or the Effective Date (as applicable); there are no written actions, suits or proceedings pending or to its knowledge, threatened against or affecting it before any court or administrative body or arbitral tribunal that might materially or adversely affect its ability to meet and carry out its obligations under this Agreement; it is not subject to any obligation or non-compliance which is likely to have a material adverse effect on its ability to undertake the Project; no proceedings or any other steps have been taken or to the best of the knowledge of the Project Company (having made all reasonable enquiries), threatened for the winding-up or liquidation (whether voluntary or involuntary, provisional or final), judicial management (whether provisional or final), business rescue or deregistration of the Project Company or for the appointment of a liquidator, judicial manager or similar officer over it or over any of its assets; and the copies of the executed Project Agreements which have been delivered to the Government, are true and complete copies of such Project Agr...
Project Company. 11.1.1 The Concessionaire is incorporated as a project company with a registered share capital of [specification of initial required share capital] in the legal form of a [limited liability company] in accordance with Bulgarian law. The Concessionaire shall keep its registered seat and its legal form unchanged during the entire Concession Period.
11.1.2 In accordance with Clause 3.1 (Subject matter of Concession), the Concessionaire shall carry out only the Concession Operations and shall not acquire or dispose of any shareholding in any other legal entity without the consent of the Grantor.
Project Company. The Project Company is to design, engineer, procure, construct, operate, maintain, repair, refurbish and decommission the NPP in accordance with the applicable laws and regulations of the Republic of Turkey and the terms and conditions of the relevant Project Contracts. With respect to the construction of any infrastructure in connection with the NPP, the Project Company is to only be responsible for the construction of infrastructure within the Project Site and is not to be responsible for the construction of any infrastructure outside of the Project Site.
Project Company daughter company of a Toll Road Company whose purpose is to organise a toll road project.
Project Company. The Client, a company incorporated under the laws of India, whose registered office is situated at 0 Xxxxx Xxxxxxx, 0xx Xxxxx, Xxxxxxx 700 017, is a joint venture company of InfraCo Asia Durgapur Low Cost Housing Pte. Ltd. (IDLC), which is wholly owned subsidiary of InfraCo Asia Development Pte. Ltd. (InfraCo Asia), and Bengal Aerotropolis Projects Limited (BAPL).
Project Company. The Project Company is a project company and its businesses are the property development of the Project Land and sale, leasing and management of the apartments built on the Project Land, information consultancy services (agent services excluded) and interior decoration. The Project Company obtained the Project Land by entering into a “Beijing State Land Use Right Transfer Contract” with Beijing Municipal Bureau of Land and Resources on 31 August 2004 and a supplemental agreement on 1 February 2007. According to the said agreements, terms for residential use and commercial use of the Project Land are 70 years and 40 years respectively, commencing from 31 August 2004. The project was planned to be a composite one comprising serviced apartments, luxury apartments and commercial properties, with the major structure divided into two towers – north and south tower, of which, the 40-floor high-end apartment of the south tower of approximately 102,000 sq.m., the 43-floor north tower comprises of business serviced apartment of approximately 49,000 sq.m., and the 4-floor commercial complex with an gross floor area of approximately 23,000 sq.m.. As at the date of this announcement, the Project Company was owned as to 96.8% equity interest by the Target Company. After the Company’s acquisition of its 52.69% interest in the Target Company in 2009, the construction work for the property, including the design and layout of the property, on the Project Land was resumed in October 2009. As at the date of this announcement, the core structure under the Project Land was substantially built and the outwall of the major structure had yet to be finished. The renovation work under the Project Land was still under construction. In view of the continuous uncertainties in the global economy and the local tightening measures, the Project Company slowed down the progress of construction work on the Project Land and the development was expected to be completed in the end of 2012. Up to the date of this announcement, the contract sales for the property on the Project Land was recorded approximately RMB792,500,000. The following are the unaudited consolidated financial information on the Target Group for the two years ended 31 December 2010 and 2011: For the year ended 31 December Turnover 2010 RMB’000 0 2011 RMB’000 0 Profit (loss) before taxation 115,017 (Note) (48,507) Profit (loss) after taxation 74,971 (41,687) As at 31 December 2010 2011 Net asset value 911,437 867,430 Note: The p...
Project Company. IMPLEMENTATION
Project Company. Project Company’s principal activity is the development and management of residential and commercial properties. Pursuant to State-owned Land Use Rights Grant Contracts dated 1 February 2018, land use rights in respect of 3 land parcels of a total site area of approximately 36,405 square metres situated at Meiyuan Road, Xin’an Community, Xxxxx’an Town in Dongguan, Guangdong province, the PRC (collectively, “Property”) are to be granted to Project Company for terms with expiry dates of 31 January 2088 for residential use and 31 January 2058 for commercial use (collectively “Land Use Rights”).
Project Company. The Project Company was founded in April 2024, and its business scope includes commercial complex management services, engineering and technical research and experimental development, real estate development and operation, and intelligent building system design. As at the date of this announcement, the Project Company is a wholly-owned subsidiary of CNNC CNIH.
