Examples of Chinese Entities in a sentence
To the best of our knowledge after due and reasonable inquiries, none of the Chinese Entities has taken any action nor have any steps been taken or legal or administrative proceedings been commenced or threatened for the winding up, dissolution or liquidation of such Chinese Entities, or for the suspension, withdrawal, revocation or cancellation of their business licenses.
None of the Chinese Entities has taken any action nor have any steps been taken or legal or administrative proceedings been commenced or threatened for the winding up, dissolution or liquidation of such Chinese Entities, or for the suspension, withdrawal, revocation or cancellation of their business licenses.
Neither the Company or any of the Chinese Entities has any financial obligation to the PRC government or any social security fund or other fund of the PRC government in connection with the offering.
To the best of our knowledge after due inquiry, there is no other agreement, contract or other document relating to the corporate structure or the operation of the Company and the Chinese Entities which has not been, to the extent material to the Company and the Chinese Entities, disclosed in the General Disclosure Package.
Each of the Chinese Entities has full power and authority (corporate and other) to own its properties and conduct its business as described in the General Disclosure Package; each of the Chinese Entities is duly qualified to transact business and is in good standing in the PRC in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except as disclosed in the General Disclosure Package.
Each of the Chinese Entities has the power and authority and has satisfied all conditions and done all things required by the PRC Laws (including the making and obtaining of all necessary Approvals, if any) in order for it to own, use, lease and operate its assets and to conduct its existing and proposed business as set out in its business license and in the General Disclosure Package.
This Addendum for Employees of the Chinese Entities (the “ Chinese Addendum”) sets forth the terms of the Verigy Ltd.
Each of the relevant Chinese Entities has full power, authority and legal right to enter into, execute, adopt, assume, issue, deliver and perform their respective obligations under each of the Contracts to which it is expressed to be a party and such obligations constitute valid, legal and binding obligations enforceable in accordance with the terms of each of the Contracts against each of them in accordance with terms of each of the Contracts.
Each of the Chinese Entities has complied with all applicable registration and filing requirements under the PRC Laws for its establishment and the maintenance of its status and existence as a legal person.
For the avoidance of doubt, the Parties shall respect the Allocation agreed upon pursuant to this Section 2.10 with respect to the Purchased Assets sold by the Asset Selling Entities that are organized in the People’s Republic of China and for the sale of Equity Interests of the Chinese Entities and in no event shall the Parties adjust the Allocation with respect to such Purchased Assets or Equity Interests.