PRC Shareholders definition
Examples of PRC Shareholders in a sentence
The sole shareholders of the Borrower are the Lender and the PRC Shareholders.
The corresponding amount designated for the payment of dividends to the PRC Shareholders shall be distributed from the RMB Revenue Account directly to the PRC Shareholders in RMB.
This Agreement may not be amended or modified, nor more any provision thereof be waived, except by an instrument in writing signed by CEC and all of the PRC Shareholders.
None of the PRC Shareholders nor any member of their immediate families, has any interest in any property, real or personal, tangible or intangible (including but not limited to any Company Entities IP Rights or any other Intellectual Property Rights) that is used in, or that was developed for use in, the business of the Company Entities, except for the normal rights of a securityholder under applicable law.
No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Authority or any other Person or entity, governmental or otherwise, is necessary or required to be made or obtained by any of the PRC Shareholders to enable the PRC Shareholders to lawfully execute and deliver, enter into, and to perform such PRC Shareholders’ obligations under, this Agreement or to consummate the Merger, except as set forth in Schedule 3A.1 to the Company Disclosure Letter.
None of the PRC Shareholders nor any member of their immediate families, nor any of their uncles, aunts or first cousins, is a party to, or is otherwise directly or indirectly interested in, any contract or informal arrangement with the Company Entities, except for normal compensation for services as an officer, director or employee thereof that have been disclosed in writing to Acquirer.
To the best knowledge of each of the PRC Shareholders, this Agreement and the transactions contemplated herein are not part of a plan or scheme to evade the registration provisions of the Securities Act, and the Green Planet Shares are being acquired for investment purposes by the PRC Shareholders.
Each of the PRC Shareholders has all the necessary power and authority to enter into this Agreement and the Management and Control Agreements.
No representation or warranty of the PRC Operating Companies and the PRC Shareholders in this Agreement or in the Management and Control Agreements contains or will contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make the statements contained herein or therein not misleading.
For all purposes of this Agreement, the statements contained in the PRC Shareholders Disclosure Letter and its schedules shall also be deemed to be representations and warranties made and given by the PRC Shareholders to Acquirer under Article 3A of this Agreement.