Key Parties definition
Examples of Key Parties in a sentence
Without the prior written consent of HongShan, the Group Companies, their shareholders (excluding HongShan), and the Key Parties, shall not use any name, mark, brand or logo of Sequoia, HongShan or its Affiliate (which include but are not limited to “Sequoia”, “Hongshan”, “红杉”, “红杉中国” or any name, mark or logo that is confusingly similar to or contains any of the foregoing), claim itself as a partner of Sequoia, HongShan or its Affiliate, or make any similar representation.
The Key Parties, Ordinary Shareholders (excluding Investing Ordinary Shareholders) and the Company undertake to use best efforts to, within forty-eight (48) months from the Series E+ Third Additional Closing Date, (i) launch a Qualified IPO, and use best efforts to complete such Qualified IPO no later than the fifth anniversary of the Series E+ Third Additional Closing Date; or (ii) procure a Trade Sale for an amount which represents an implied valuation of the Company of at least US$3,400,000,000.
Without limiting the generality of the foregoing, the Key Parties and the Group Companies shall ensure, that each of the Group Companies shall at all times abide by and satisfy, in all material respects, all of the requirements under the ROC Statute for Investment by Foreign Nationals, the ROC Measures Governing Investment Permit to the People of Mainland Area as well as the regulations promulgated in accordance thereto in connection with its investment in, or otherwise Control of, the Taiwan Company.
Each of the Group Companies shall, and each of the Key Parties shall procure each of the Group Companies to, comply with all applicable Laws in all material respects, including but not limited to, any applicable Laws promulgated by the competent Governmental Authorities in the Republic of China (the “ROC”).
Without the prior written approval of HongShan, the Group Companies, their shareholders (excluding HongShan), and the Key Parties, shall not make or cause to be made, any press release, public announcement or other disclosure to any third party in respect of this Agreement or ▇▇▇▇▇▇▇▇’s interest in the Company.