BVI Subsidiaries definition

BVI Subsidiaries means ATA Testing Authority (Holdings) Limited, a company incorporated under the laws of British Virgin Islands of which 100% equity interest is directly owned by the Company; and ACG International Group Limited, a company incorporated under the laws of British Virgin Islands of which 100% equity interest is directly owned by the Company.

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BVI Subsidiaries means Sky City Holdings Limited and Next Hop Holdings Limited.

BVI Subsidiaries means each of HiSoft BJ BVI and HiSoft Systems BVI

Examples of BVI Subsidiaries in a sentence

• The Loan is to be used for the sole purpose as follows: as part of the cash consideration to be paid in connection with the acquisition by China Mobile (Hong Kong) Limited of the equity interest of the Seven BVI Subsidiaries from China Mobile BVI, the Borrower, entrusted by China Mobile (Hong Kong) Limited, directly pays the amount to CMCC designated by China Mobile BVI.

• No notice of default or similar notice has been given or received by BVI or any of the BVI Subsidiaries under any of such contracts.

• Each of China Digital Shenzhen, the BVI Subsidiaries, the HK Subsidiary, CDMTV and the CDMTV Subsidiaries is referred to as a “Subsidiary” and collectively as the “Subsidiaries”.

• Each officer and key employee of BVI and its Subsidiaries is currently devoting substantially all of his or her business time to the conduct of business of BVI and the BVI Subsidiaries.

• The Company’s BVI Subsidiaries shall have executed and delivered to the Purchasers the agreements described in Section 3.2.

• Any real property and facilities held under lease by BVI and the BVI Subsidiaries are held by them under valid, subsisting and enforceable leases with which BVI and the BVI Subsidiaries are in compliance.

• BVI and each of the BVI Subsidiaries is not a plaintiff in any action, domestic or foreign, judicial or administrative.

• There are no existing actions, suits, proceedings against or investigations of BVI or any of the BVI Subsidiaries, and BVI knows of no basis for such actions, suits, proceedings or investigations.

• BVI and each of the BVI Subsidiaries holds all of the material permits, licenses, certificates or other authorizations of foreign, federal, state or local governmental agencies required for the conduct of their respective businesses as presently conducted.

• The minute books of BVI and the BVI Subsidiaries made available to Pubco contain a complete summary of all meetings and written consents in lieu of meetings of directors and stockholders since the time of incorporation.

More Definitions of BVI Subsidiaries

BVI Subsidiaries means the Issuer, USIEC Limited, USI Leipzig Limited, USI Germany Limited and USIGH III Investments Holdings Limited, all of which are incorporated in the BVI;

BVI Subsidiaries means each of HiSoft BJ BVI and HiSoft Systems BVI. “Closing” shall mean the date on which the Company first issues Series C Preferred Shares to the Investors. “Common Share Equivalents” shall mean, with respect to any shareholder of the Company, Common Shares owned by such shareholder together with Common Shares into or for which any issued and outstanding Preferred Shares or any other issued and outstanding convertible securities (excluding, for the avoidance of doubt, unexercised options or warrants) owned by such shareholder shall be convertible. “Common Shares” shall mean common shares of the Company, par value US$0.0001 per share. “Conversion Shares” shall mean Common Shares issuable upon conversion of the Warrant Shares, the Series A Preferred Shares issued and sold under the Series A Share Purchase Agreement, the Series B Preferred Shares issued and sold under the Series B Share Purchase Agreement, or the Series C Preferred Shares issued and sold under the Series C Share Purchase Agreement. “Exchange Act” shall mean the U.S. Securities and Exchange Act of 1934, and the rules and regulations promulgated thereunder, as amended from time to time.