Examples of BVI Subsidiary in a sentence
Immediately prior to the Closing, the total number of issued and outstanding shares of the BVI Subsidiary is 1, which is issued and owned by the Company free of any Encumbrances.
Immediately prior to the Closing, the total number of issued and outstanding shares of the Hong Kong Subsidiary is 1, which is issued to and owned by the BVI Subsidiary free of any Encumbrances.
The BVI Subsidiary is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction set forth on a schedule to such counsel’s opinion, except where the failure to be so qualified or registered would not, individually or in the aggregate, reasonably be expected to (i) have a Material Adverse Effect, or (ii) subject the limited partners of the Partnership to any material liability or disability.
This Agreement shall replace the shareholders’ agreement with respect to the BVI Subsidiary, dated April 4, 2006, among the BVI subsidiary, the Founders, the Founder Shareholders, the Series A Shareholder and the Series B Shareholders, which shareholders’ agreements shall be terminated upon this Agreement becoming effective.
Limited (Shantou), which are directly owned by the BVI Subsidiary).