Examples of Chinacomm Parties in a sentence
Such Chinacomm Parties are sometimes collectively referred to herein as the “Trussnet Subsidiaries”.
The Company and Trussnet, and to the best Knowledge of the Company and Trussnet, each of the Chinacomm Parties, has collected and withheld all Taxes which it has been required to collect or withhold and has timely submitted all such collected and withheld amounts to the appropriate authorities.
The term “PRC Regulatory Authorities” shall mean the collective reference to: (a) the MII, (b) the State Agency of Foreign Exchange (“SAFE”), (b) the China Securities Regulatory Commission (“CSRC”), and (c) any other agency or instrumentality of the central PRC government and/or any Provincial governmental agency having jurisdiction over Chinacomm and the Chinacomm Parties.
All corporate proceedings have been taken and all corporate authorizations have been secured which are necessary to authorize the execution, delivery and performance by the Company, Trussnet and the Chinacomm Parties of this Agreement.
Schedule 3.2 to this Agreement sets forth: (a) the names, (b) the authorized, issued and outstanding shares of capital stock or other equity of Trussnet and of each of the direct and indirect subsidiaries of Trussnet and all Chinacomm Parties, and (c) the record and beneficial owners of such capital stock or other equity.
In addition, the Chinacomm Parties Consent Agreement shall have been duly executed by all Chinacomm Parties and delivered to the Purchaser.
All insurance policies maintained by each of the Company, Trussnet and, to the best Knowledge of the Company and Trussnet, the Chinacomm Parties on its assets, business, officers and personnel provide adequate and sufficient liability and property damage coverage commensurate with the business practices of any of the Company, Trussnet and, to the best Knowledge of the Company and Trussnet, the Chinacomm Parties.
The Company and Trussnet, and to the best Knowledge of the Company and Trussnet, each of the Chinacomm Parties, is in compliance with the back-up withholding and information reporting requirements under the Code and any state, local or foreign laws, and the rules and regulations thereunder.
A condition to the obligation of the Purchaser to consummate the transactions contemplated by this Agreement shall be that all representations and warranties of the Company and Trussnet contained in this Agreement and in the Chinacomm Agreements shall be or remain true and correct as of the Closing Date and no Material Adverse Changes to the Company, Trussnet or any of the Chinacomm Parties shall have occurred.
Except as otherwise disclosed herein, each of the Company, Trussnet and, to the best Knowledge of the Company and Trussnet, the Chinacomm Parties, is not a party to any material agreement, the failure to perform of which would have a Material Adverse Effect upon any of the Company, Trussnet or such Chinacomm Parties.