Examples of BVI Entity in a sentence
The Chargor, other than as expressly required or contemplated by the Finance Documents or the memorandum and articles of association of each relevant BVI Entity, shall not exercise any of its rights and powers in relation to any of the Golden Shares in any manner which could be reasonably expected to prejudice the security created by this Debenture.
The Investor BVI Entity 12 Subscription has been properly and legally completed and settled.
The Golden Shareholder undertakes to the Security Agent that it shall exercise each of its rights or, as the case may be, refrain from exercising any right in its capacity as Golden Shareholder under the articles of association of each BVI Entity or Macau Obligor in accordance with this Agreement.
On 23 March 2021, Investor BVI Entity 12 entered into the Investor BVI Entity 12 Subscription Agreement with our Company, pursuant to which Investor BVI Entity 12 subscribed for 100,000 Shares, representing 1% of the issued share capital of our Company (the “Investor BVI Entity 12 Subscription”), at the subscription price of HK$1,368,500 (the “Investor BVI Entity 12 Subscription Price”).
The Golden Shareholder shall not without the prior written consent of the Agent (such consent not to be unreasonably withheld or delayed) agree to any amendment, supplement or waiver of the memorandum or articles of association of any BVI Entity or the articles of association of any Macau Obligor (other than a waiver or release of any right enjoyed by the Golden Shareholder), to the extent the relevant amendment, supplement or waiver relates to the operation of this Agreement.
Such leave shall be renewed each year, on request, during their term of office.
For example, the BVI Entity became a VIFI after 30th April, 2019, then it must register with the ITA by 30th April, 2020.
After that, there were no longer any outstanding debts or liabilities between (i) our Group on the one part; and (ii) Investor Q and Investor BVI Entity 12 on the other part.
The Shareholder also has caused (i) the formation of Green Resources (China) Investment Group Limited (the “Hong Kong Entity”) under the laws of the Hong Kong Special Administrative Region of the PRC, all of the equity interests of which are owned by the BVI Entity, (ii) the formation of Shangrao Baihuazhou Green Resources Agricultural Technology Development Co. Ltd.
In exchange, the Shareholder has agreed to transfer to CCC, and CCC has agreed to acquire from the Shareholder one share of [BVI Entity], a company incorporated under the laws of British Virgin Islands (the “BVI Shares”), which constitutes 100% of the BVI Entity’s issued and outstanding shares.