Examples of CNC BVI in a sentence
Any written payment direction to be given by the Seller to the Buyer designating CNC BVI as the recipient of the Purchase Price or the Adjusted Purchase Price (as the case may be) on behalf of the Seller shall be in the agreed form, notarised and irrevocable and be delivered to the Buyer at least five (5) Business Days prior to the Closing Date.
If the Option Exercise is completed but the Effective Date (as defined in the Share Purchase and Exchange Agreement) does not occur by December 31, 2004, at the election of the Fund at any time thereafter the Fund will have the right to return the CNET Shares to CNC (BVI) in exchange for the Common Shares and to return the Common Shares to CNET.
STATE SHAREHOLDER OF CNC HK Means the Chinese Academy of Science, Information and Network Center of State Administration of Radio, Film and Television, China Railways Telecommunications Center, Shanghai Alliance Investment Limited, Shandong Provincial State-owned Assets Supervision and Administration Commission and CNC BVI as the shareholders of CNC HK.
If CNC (BVI) or CNC (HK) fails to perform any of its obligations under the Share Purchase and Exchange Agreement, CNET and the Fund shall consult and agree in good faith on appropriate modifications to this Agreement and the Instrument.
The obligations of the Fund under this Agreement and the Instrument are subject to the performance in full by CNC (BVI) and CNC (HK) of their obligations under the Share Purchase and Exchange Agreement.
STATE SHAREHOLDER Means the Chinese Academy of Science, Information and OF CNC HK Network Center of State Administration of Radio, Film and Television, China Railways Telecommunications Center, Shanghai Alliance Investment Limited, Shandong Provincial State-owned Assets Supervision and Administration Commission and CNC BVI as the shareholders of CNC HK.
Pursuant to the Subscription Agreement, CNC (BVI) conditionally agreed to subscribe for 1,343,571,766 new ordinary shares of the Company of HK$0.25 each at a price of HK$5.90 per share (the “Subscription”), representing approximately 20% of the Company’s issued share capital as enlarged by the allotment and issue of the subscription shares.
If any Taxation is required by Law to be deducted or withheld in connection with any such payment, the Company, China Netcom Group or CNC BVI, as the case may be, will increase the amount so paid so that the amount of such payment received by the payee is such amount as the payee would have received if no such deduction or withholding had been made.
The Lock-up Period Agreement shall include the commitment of Shanghai Alliance not to transfer or instruct CNC BVI to transfer the Trust Shares for a period less than 24 months from the date on which the shares of CNC HK are initially traded on the Stock Exchange of Hong Kong Limited, unless it is performing its obligations as state shareholders in accordance with relevant laws of China.
Baltic Sustainable Investment Fund might be a potential investor (see Section 6.6).