Examples of ICP Company in a sentence
As a result of the transactions, BSIT recorded a receivable from the ICP Company of $436,000 and $148,000 at June 30, 2001 and 2000, respectively.
Also, BSIT accrued for the costs and expenses of the ICP Company in excess of its revenues as the costs are incurred by the ICP Company.
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).
In addition, BSIT licensed intellectual property and transferred equipment to the ICP Company and acts as the ICP Company’s provider of technical services, all in exchange for fees or other payments.
Within the term of authorization provided by this Agreement, the Authorizer’s entire shareholder’s voting power in ICP Company shall be authorized to Sina Company to exercise.
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).
If Lender or the third party assignee designated by Lender only purchases part of Borrower's interest in ICP Company, the purchase price shall be reduced on a pro rata basis.
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 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.
Through ten-year proxies ending in the years 2011 and 2010, BSIT has complete voting control over the ICP Company and the Ad Company.