Examples of PRC WFOEs in a sentence
No employee or contractor has any rights to the Company's, the PRC WFOE's or any Related Entity's Intellectual Property and IP Assets, including the right to receive royalties or other payments from the Company, the PRC WFOE or any Related Entity.
Pursuant to the New EIT Law, the PRC WFOEs and CJVs engaged in forestry plantation if eligible could apply for an exemption from PRC enterprise income tax.Sino-Forest’s tax charges for the years ended December 31, 2008 and 2007 were $24.1 million and $18.0 million, respectively, which represented effective tax rates of 10.0% and 11.2%, respectively.
Elections for directors need not be by ballot except upon demand made by a shareholder at the election and before the voting begins.
This opportunity gives the customer flexibility, and since maintenance and insurance costs are usually included in the subscription contract, the customer has peace of mind (Moran, 2020).
Each contractor of the Company, the PRC WFOE or any Related Entity has been devoting 100% of his/her contracted time (as specified in his/her service or contractor agreement) to the conduct of the Company's, the PRC WFOE's or such Related Entity's business, as the case may be.
Each of the Borrowers is and shall remain the sole registered legal owner of the entire equity interest in the registered capital of the relevant PRC WFOEs, respectively.
Each of the PRC WFOEs shall have opened and maintained the bank account with China Minsheng Banking Corp., Ltd., Hangzhou Branch with the accumulative total credit balance of all the bank accounts no less than the Total Commitments.
Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$10,000,000 or affects the equity interest in the registered capitals of any of the PRC WFOEs and is not discharged within 60 days.
Each HK SPV holds a 100.0% interest in a People's Republic of China ("PRC" or "China") wholly foreign-owned enterprise ("PRC WFOE", and collectively the 11 wholly foreign-owned enterprises, the "PRC WFOEs").
The Company's, the PRC WFOE's and each Related Entity's products, as the case may be, have been successfully installed and utilized by customers of the Company, the PRC WFOE or each Related Entity, as the case may be, or have been delivered successfully and satisfactorily to all such customers of the Company, the PRC WFOE or each Related Entity, as the case may be.