Examples of PRC Seller in a sentence
When a threatened species is found near a project, the ecological risk arising from the project is even greater, and we must assume that the project in this case is not appropriate.
To the extent that the PRC Transfer is not completed before Closing, following the Closing, the Seller Shareholder shall procure the PRC Seller, and the Buyer shall procure the Dx Xxxxx PRC Company, to consummate the PRC Transfer and Tax filing and payment as soon as possible thereafter.
Tianchang is accounted for as a subsidiary of the Company by virtue of certain Contractual Arrangements between the Company and the PRC Seller.
Asset(s) disposed: Pursuant to the Disposal Agreement, the PRC Seller will disposeof 100% of the equity interest in Tianchang to the Purchasers.
Upon the China Closing, Seller hereby agrees to cause PRC Seller to use its commercially reasonable efforts to complete the deregistration and dissolution of Bestfoods (Shandong) Co., Ltd.
Without limiting Section 5.04, Purchaser shall, as promptly as practicable after the date hereof, take such actions as are necessary under Applicable Law for Purchaser, through PRC Purchaser or any other affiliate of Purchaser, to be able to conduct the China Business at the China Facility in all material respects as such China Business is being conducted by PRC Seller at the China Facility immediately prior to the China Closing.
On 24 September, 2008, the PRC Seller entered into the Disposal Agreement with the Purchasers in relation to the disposal of the entire equity interest in Tianchang for an aggregate consideration of RMB20.0 million (equivalent to approximately HK$23.0 million), which shall be satisfied by the Purchasers in cash.
Each of HK Seller and PRC Seller is wholly-owned by the Guarantors.
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the PRC Seller is a third party independent of the Group and its connected persons (as defined in the GEM Listing Rules).
For the avoidance of doubt, any Taxes arising out of the PRC Transfer shall be borne by the PRC Seller or its Affiliates (excluding the Target Group Companies and the Buyer Group).