The Target. 1.1.1 The Target is a limited liability company (Gesellschaft mit beschränkter Haftung) duly organized and validly existing under the laws of Switzerland with its registered seat at Xxxxxxxx 00, 0000 Xxx, Xxxxxxxxxxx, registered with the Commercial Register of the Canton of Zug (Handelsregister des Kantons Zug) under CHE-115.455.545.
The Target. 2.1.1 The Target is a limited liability company incorporated under the laws of England and Wales and has been in continuous existence since incorporation.
The Target. (i) will be the sole legal and beneficial owner of the shares of the members of the Target Group upon completion of the reorganisation of the Target Group (and in any event prior to the time of Completion); and
The Target. 4.1 The Target is a limited liability company duly incorporated and validly existing under the laws of Malta.
The Target. The Target is a Swedish limited liability company with corporate identification number 556935-1470, registered with the Swedish Companies Registration Office since 20 June 2013. The Target’s current registered address is c/o Pareto Business Management AB, P.O. 7415, SE-103 91 Stockholm. The object of the Target is to own and manage real estate and conduct business related thereto. The Target’s only shareholder prior to the acquisition of the Target by the Company, through the Subsidiary, was the Vendor. The Target and the Subsidiary are the borrowers under the Debt Facilities. The Target has changed its fiscal year to the same as the rest of the Group (0701-0630).
The Target. The Target is an indirectly and wholly owned subsidiary of the Company. It is primarily engaged in property management. As at the date of the Agreement, its principal asset is the Property. The unaudited financial results of the Target are set out as follows: For the year ended 31 December 2018 (RMB) 2019 (RMB) Revenue 5,185,000 16,732,000 Profit before taxation 76,485,000 4,845,000 Profit after taxation 57,111,000 3,634,000 The net profits before taxation for the year ended 31 December 2018 and 2019 include the Property’s fair value gains of approximately RMB84,228,000 and RMB3,573,000 respectively. The unaudited net asset value of the Target as at 29 February 2020 was approximately RMB199,058,000.
The Target. The obligations of the Target under Clause 19.1 (Guarantee and indemnity) and Clause 18 (Cost and Expenses) extend only to the obligations of the Company and not of any other Obligor and are limited to an amount equal to the outstanding amount from time to time of the Bonds issued by the Target and which were purchased by the Company with the proceeds of Notes.
The Target. (i) has complied in all material respects with all applicable foreign, federal, state and local Laws, collective agreements, works agreements, rules, practices and regulations respecting employment, employment practices, employment registration, life collective insurance, medical coverage contributions, terms and conditions of employment, employment standards, accessibility, and wages and hours;
The Target. Except as set forth in the correspondingly numbered Section of the Target Disclosure Schedules (which disclosures shall reference the specific sections and subsections below, as applicable, but shall also qualify other sections or subsections in this Article IV and in the Target Disclosure Schedules to the extent it is reasonably apparent on its face from a reading of the disclosure item that the disclosure is applicable to the other section or subsection), Target represents and warrants to Purchaser and Merger Sub that the statements contained in this ARTICLE IV are true and correct.
The Target. (a) The Target is a corporation duly organised and validly existing as a stock corporation under the laws of Delaware/USA.
