Beijing WFOE definition
Examples of Beijing WFOE in a sentence
Beijing WFOE shall, and other Group Companies and the Principals shall procure Beijing WFOE and Mrfresh VIE to, maintain the warehouse Defective Leasing rate (i) at a certain percentage no higher than twenty-five percent (25%) following the Closing, and (ii) at a certain percentage that would not adversely affect or impede the Qualified IPO (as defined in the Shareholders Agreement).
Contractual arrangements under the Control Documents have not become invalid, non-binding or unenforceable to establish and maintain the intended captive structure under which the Beijing WFOE and Guangzhou WFOE, each Controls the Beijing VIE and Guangzhou VIE, respectively, through the Control Documents.
To the Knowledge of the Warrantors, the Control Documents constitute valid and binding obligations of the parties thereto enforceable in accordance with their respective terms and adequate to establish and maintain the intended captive structure under which the Beijing WFOE and Guangzhou WFOE, each Controls the Beijing VIE and Guangzhou VIE, respectively, through the Control Documents.
Within three (3) months following the Closing Date, (i) Mr. ▇▇ ▇▇▇▇▇ shall enter into a written loan agreement with Jinan WFOE with respect to the loan in the amount of RMB 500,000 extended by the Jinan WFOE to Mr. ▇▇ ▇▇▇▇▇ in form and substance satisfactory to the Investors; and (ii) Beijing WFOE shall enter into a written loan agreement with Beijing Jiahao Consulting Services Co., Ltd.
Each of the Beijing WFOE and other Subsidiaries of the Company shall, and the Company, the Beijing WFOE and the Founders shall cause each of the Beijing WFOE and other Subsidiaries of the Company (including any future Subsidiaries of the Company) to, act solely in accordance with the directions of the Board.