PRC Affiliate definition

PRC Affiliate means Shanghai Grace Technology Co., Ltd , the particulars of which are set out in Schedule 2 to the Share Sale Agreement, which promptly after the Effective Date will change its name as contemplated in Clause 2.2;
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PRC Affiliate is defined in introductory paragraph of this Agreement.
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PRC Affiliate means Shanghai Grace Technology Co Ltd., a company formed in the PRC which is wholly owned by the Company.
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Examples of PRC Affiliate in a sentence

  • The WFOE and the PRC Affiliate are engaged solely in the Principal Business and have no other activities.

  • As soon as practically possible following the Closing, the Group Companies shall, and the Founders shall cause the Group Companies to have all the intellectual property rights necessary for the operation of the Group Companies registered under the name of the WFOE, except for those domain names which needs to be registered under the PRC Affiliate for the conduct of its business.

  • As soon as practicable and in any event within one hundred and thirty-five (135) days following the Closing, the WFOE and the PRC Affiliate shall enter into an intellectual property license agreement in a form and substance to the satisfaction of the Series B-4 Purchasers pursuant to which the WFOE shall license the intellectual properties owned by it to the PRC Affiliate and the PRC Affiliate shall pay relevant license fees to the WFOE in return.

  • Except as contemplated under this Agreement, the Shareholders Agreement and the restructuring documents entered into between the WFOE on one hand, and the PRC Affiliate and/or its equity interest holders on the other hand, there are no voting or similar agreements which relate to the share capital of the Company or any of the equity interests of the PRC Companies.

  • Following the Xunming Acquisition, Shanghai Xunmeng shall become a subsidiary of the PRC Affiliate.

  • As soon as practicable and in any event within one hundred and thirty-five (135) days following the Closing, Shanghai Xunmeng shall be registered with the competent branch SAIC as a subsidiary wholly owned by the PRC Affiliate, and the PRC Affiliate shall authorize Shanghai Xunmeng to use its value-added telecommunication license and obtain approval from Zhejiang Telecommunication Bureau for such authorization.

  • As soon as practicable after the Closing and in any event within one hundred and thirty-five (135) days following the Closing, the business of “online data process” and “information service” as shown on the PRC Affiliate’s value-added telecommunication service license shall be added to the business scope of the PRC Affiliate as shown on its business license.

  • All Taxes owed by either of Main Union or the PRC Affiliate (whether or not shown on any Tax Return) have been timely paid in full.

  • All Tax-sharing agreements or similar agreements and all powers of attorney with respect to or involving Main Union or the PRC Affiliate will be terminated prior to the Completion and, after the Completion, neither Main Union nor the PRC Affiliate will be bound thereby or have any liability thereunder.

  • Neither Main Union nor the PRC Affiliate has executed any power of attorney with respect to any Tax, other than powers of attorney that are no longer in force.


More Definitions of PRC Affiliate

PRC Affiliate means Shanghai Grace Technology Co., Ltd., which promptly after Completion will change its name to Shanghai AGY Technology Co. Ltd., the particulars of which are set out in Schedule 2 hereto.
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PRC Affiliate has the meaning set forth in Section 6.05 hereof.
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Related to PRC Affiliate

  • BHC Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. §1841(k).

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Non-Affiliate means, for any specified Person, any other Person that is not an Affiliate of the specified Person.

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • BNY Affiliate means any office, branch or subsidiary of The Bank of New York Company, Inc.

  • Affiliate means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.

  • Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

  • Customer Affiliate means an entity that owns or controls, is owned or controlled by or is or under common control or ownership with Customer, where control is defined as the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of an entity, whether through ownership of voting securities, by contract or otherwise;

  • Controlled Affiliate means any Affiliate of the specified Person that is, directly or indirectly, Controlled by the specified Person.

  • Affiliated Entities means any legal entity, including any corporation, limited liability company, partnership, not-for-profit corporation, estate planning vehicle or trust, which is directly or indirectly owned or controlled by the Stockholder or his or her descendants or spouse, of which such Stockholder or his or her descendants or spouse are beneficial owners, or which is under joint control or ownership with any other person or entity subject to a lock-up agreement regarding the Common Stock with terms substantially identical to this Agreement.

  • Designated Entity shall have the same meaning provided in the Operating Agreement.

  • Affiliated Group means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar provision of state, local or foreign law.

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • Participating Affiliate means an Affiliate which has been designated by the Committee in advance of the Purchase Period in question as a corporation whose eligible Permanent Full-Time Employees may participate in the Plan.

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • U.S. Affiliate means the U.S. registered broker-dealer affiliate of an Underwriter;

  • Excluded Affiliate means any Affiliate of any Agent that is engaged as a principal primarily in private equity, mezzanine financing or venture capital.

  • Corporate Affiliate means any parent or subsidiary corporation of the Corporation (as determined in accordance with Code Section 424), whether now existing or subsequently established.

  • Controlled Affiliates means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, has Majority Control of or is Majority Controlled by or is under common Majority Control with the Person specified.

  • Excluded Affiliates means, collectively, any Affiliates of any of the Lead Arrangers that are engaged as principals primarily in private equity, mezzanine financing or venture capital.

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Designated Affiliate means the affiliates of the Corporation designated by the Committee for purposes of the Plan from time to time;

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Controlling Affiliate means an Affiliate that directly or indirectly Controls the Hotel and/or Controls the entity that Controls the Hotel.

  • Affiliated Company means any company controlled by, controlling or under common control with the Company.

  • Excluded Entity means a corporation or other entity of which the holders of voting capital stock of the Company outstanding immediately prior to such transaction are the direct or indirect holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation’s or other entity’s voting securities outstanding immediately after such transaction.