Examples of Chinese Subsidiaries in a sentence
Tranche I and Tranche II (collectively, the "Facilities") may be drawn down in accordance with the provisions of the Facilities to finance the working capital requirement of the Chinese Subsidiaries.
The Facilities are cross-guaranteed by the Chinese Subsidiaries and by Neo and contain a number of financial covenants (which include a debt to equity ratio and that minimum equity and earnings before interest, income taxes, depreciation and amortization ("EBITDA") levels be maintained – as such terms are defined in the Facilities agreement) and commercial covenants, including specific terms relating to the timing, interest payable and maturity terms of each draw on these Facilities.
The Company will, and will cause each of its Subsidiaries, except the Chinese Subsidiaries, to take all action necessary or advisable to maintain all of the Intellectual Property Rights (as defined in the Securities Purchase Agreement) of the Company and/or any of its Subsidiaries that are necessary or material to the conduct of its business in full force and effect.
The Articles of Association, business license and other constitutive or organization documents of each of the Chinese Subsidiaries comply with the requirements of applicable PRC law and are in full force and effect.
Seller will cooperate with Buyer and provide all reasonable assistance in connection with any application for regulatory or governmental approvals required in connection with the transfer of the Chinese JV, the other Chinese Subsidiaries and the Singapore SPV, which applications shall be made as soon as practicable after signature of this Agreement.