Examples of ICP Company in a sentence
The ICP Company shall, to the extent permitted by applicable law, operate its business at the direction of its board of directors and its shareholders (who have assigned their voting rights to the PRC Subsidiary).
If the Investor shall cease to own any Preferred Share or Ordinary Share of the Company, the Nominee Shareholder designated by the Investor shall transfer its fifty percent (50%) equity interests in the ICP Company to the Nominee Shareholder designated by the Company at the original amount invested by the Nominee Shareholder designated by the Investor.
The PRC Subsidiary shall take all reasonably necessary steps to ensure that the ICP Company has funds available to cover its operating expenses and to timely repay its debts as they become due.
The ICP Company shall use best efforts to promptly assign and transfer to the PRC Subsidiary (pursuant to the Stage Two Restructuring Agreements or otherwise) substantially all of its revenues, earnings and other values and benefits generated from its business operations (except for certain payments required to be made to the Investor under certain contractual arrangements between the Investor and the ICP Company).
Borrower wishes to borrow a loan from Lender to finance its investment in ICP Company and Lender agrees to provide such loan to Borrower.
The Consultant shall deliver to the Company duly executed termination letters for all Positions held by the Consultant and all other necessary documents to effect such terminations and change of the registrations of the Company, SINA Subsidiaries, Ad Company and ICP Company (collectively referred to as the "SINA ENTITIES"), such documents as reasonably requested by the Company from time to time but no later than the end of July 29, 2002.
The Consultant acknowledges and agrees that he is not the beneficial owner and shall not own any equity interest in SINA Subsidiaries, Ad Company, or ICP Company as of the Effective Date.
The ICP Company is responsible for operating www.sina.com.cn in connection with its Internet content company license, selling the advertisements to advertisers and providing MVAS with its Value-Added Telecommunication Services Operating License in China via third-party operators to the users.
For purposes of this Agreement, “Subsidiary” shall mean any corporation, partnership, trust or other entity of which the Company and/or any of its other subsidiaries directly or indirectly owns at the time a majority of the outstanding shares of every class of equity security of such corporation, partnership, trust or other entity, including without limitation the WFOE (as defined in the Series E Purchase Agreement) and the ICP Company (as defined in the Series E Purchase Agreement).
The ICP Company shall take all reasonably necessary steps to promptly assign and transfer to the PRC Subsidiary (pursuant to the Restructuring Agreements or otherwise) substantially all of its revenues, earnings and other values and benefits generated from its business operations (except for certain payments required to be made to the Investor under certain contractual arrangements between the Investor and the ICP Company).