PRC Business definition
Examples of PRC Business in a sentence
Such notification to the Trustee will be made within 10 PRC Business Days after such failure to complete the Post-Issuance Filing.
Such notification to the Trustee shall be made within 10 PRC Business Days after such failure to complete the Post-Issuance Filing.
The Pro Forma Balance Sheet has been prepared in accordance with IFRS, and presents fairly, in all material respects, the financial condition of the Leasing WFOE and the PRC Business as of the Closing Date, after giving effect to the completion of the Restructuring.
Each Key Holder Party has, in connection with the execution and delivery of any Transaction Document to which it is a party and the consummation of the Contemplated Transactions, complied with, and the PRC Business and the Contributed Assets are in material compliance with, all legal requirements, other than as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
There is no existing fact or circumstance that may have a Material Adverse Effect on the PRC Business for it to be conducted as currently conducted.
The PRC Business has been carried on in the ordinary course and so as to maintain the same as a going concern.
The Key Holder acknowledges and agrees that the agreements and covenants contained in this Section 4.12 are reasonable in scope and duration, an integral part of the Contemplated Transactions and necessary to protect and preserve the Company’s legitimate business interests and the value of the PRC Business and to prevent any unfair advantage.
In addition, the Issuer undertakes to file or cause to be filed with the CBIRC the requisite information and documents within 15 PRC Business Days after the Issue Date in accordance with the Measures for the Implementation of Administrative Licensing Matters of Non-Bank Financial Institutions (中國銀保監會非銀行金融機構行政許可事項實施辦法) issued by the CBIRC, and any implementation rules, reports, certificates, approvals or guidelines as issued by the CBIRC from time to time (the “CBIRC Post-issue Filing”).
The Parties shall use their commercially reasonable efforts to cooperate to facilitate the further development of the PRC Business following the Closing.
The Asset List, or, as of the Closing Date, if to the extent applicable both Lead Purchasers agree to the Updated Asset List, the Updated Asset List, includes all of the assets, intellectual property rights, employees and Contracts that are currently used for, and are material to, the operation of the PRC Business as currently operated.