Examples of IPA China in a sentence
IPA China is a wholly owned foreign entity duly organized and existing under the laws of the PRC and is in good standing under such laws.
Shareholder owns, beneficially and of record, good and marketable title to all the issued and outstanding equity interests of each of IPA BVI and IPA China, free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or shareholders’ agreements.
Licensor has entered into the Grass License with IPA China pursuant to which Licensor has granted all its rights under the Licensor Agreement to IPA China.
Each of the representations and warranties contained in Sections 3 and 4 shall be true and correct on and as of the Second Closing Date and, to the extent not true or correct, represent a reduction in the value of IPA China, IPA BVI or the Grass Assignment for which Shareholder has declined to promptly reimburse Acquirer.
Wang will be Managing Director of Grass Development of IPA China upon the First Closing.
Xxxxxxx Xxxx will be the initial Chief Financial Officer and Secretary of IPA BVI and IPA China, effective as of the Second Closing.
As promptly as possible, Shareholder shall obtain approval by the relevant government authorities for the transfer of 100% of the equity interests of IPA China to IPA BVI.
As of the First Closing, neither Target is a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1297 of the United States Internal Revenue Code of 1986, as amended, and IPA China does not reasonably expect to become a PFIC in the future.
After obtaining such funds from IPA BVI or IPA China, Acquirer shall deliver the loan proceeds within ten (10) days after receipt of any such written request.
Licensor shall deliver to IPA China an assignment to IPA China of the Grass License, duly executed by Licensor (the “Grass Assignment”).