Trust Operation. The operations of the Trust will be conducted in accordance with the following standards:
Trust Operation. The operations of the Note Issuance Trust will be conducted in accordance with the following standards:
Trust Operation. 13 Section 5.05 Execution of Documents....................................................................13 Section 5.06
Trust Operation. From and after the Closing, all undertakings and actions of the Trust will carried out as set forth in this Agreement and the Trust Documents.
Trust Operation. Each Company will hold on trust for, and forthwith pay or transfer to, the Security Trustee any payment or benefit of security received by it contrary to the above. If a Company exercises any right of set-off contrary to the above, it will forthwith pay an amount equal to the amount set-off to the Security Trustee.
Trust Operation. 16 5.6 Rights Attaching to the Securities.............................. 16
Trust Operation. By executing this agreement, Party A I and Party A II agree to serve as professional operators of Party B, and be responsible for completing the operational goals of Party B for the next 5 fiscal years, details as follow: The audited net income of Party B for fiscal 2010 should be no less than 7.2MM RMB; The audited net income of Party B for fiscal 2011 should be no less than 8.6MM RMB; The audited net income of Party B for fiscal 2012 should be no less than 10.3MM RMB; The audited net income of Party B for fiscal 2013 should be no less than 12.1MM RMB; The audited net income of Party B for fiscal 2014 should be no less than 14.4MM RMB;
