Examples of Series B1 Closing in a sentence
As soon as practicable after the Closing, and in any event within six (6) months after the Series B1 Closing, Jifen shall have established a content audit system, a responsible editing system, a responsible proofreading system and other management systems with respect to the content published on the information platform APPs operated by the Group Companies in compliance with relevant the applicable Laws of the PRC.
The transactions contemplated under the Restructuring Documents shall have been completed (including completion of registration with the local branch of SAIC to reflect Li Lei (李磊) as the sole limited partner of Tianjin Shan Shi LP and to reflect Mr. Tan as the sole shareholder of Tianjin Shengxuan) within ninety (90) days after the Series B1 Closing.
Within one (1) month after the Series B1 Closing, Jifen shall have submitted an application to the local branch of the SAIC regarding its amendment of business scope to including the activity to engage in providing internet information services (从事互联网信息服务) and the local branch of the SAIC shall have approved such application of Jifen and issued a new business license to Jifen reflecting the expanded business scope.
As soon as practicable after the Closing, and in any event within nine (9) months after the Series B1 Closing, Jifen shall have received from each of the content provider whose content Jifen republishes or distributes written authorization for Jifen to republish and/or distribute such content provider’s content, and copies of such authorization shall have been delivered to the Series B3 Investors.
Each Investor may apportion, at its sole discretion, its Preemptive Pro Rata Share among its Affiliates in any proportion, provided that, for so long as Tencent together with its Affiliates hold more than 50% of the Series B1 Preferred Shares it acquired at the Series B1 Closing (as adjusted for share splits, share dividends, combinations, recapitalizations and similar events), such Affiliates shall not be any of the Restricted Persons II without prior written consent of Tencent).
As soon as practicable after the Closing, and in any event within nine (9) months after the Series B1 Closing, Jifen shall have received from each of the content provider whose content Jifen republishes or distributes written authorization for Jifen to republish and/or distribute such content provider’s content, and copies of such authorization shall have been delivered to the Series B2 Investors.
Subsequent to the Series B1 Closing, the investor, who is a leading provider of Internet Value-added Services, and the Company’s PRC entities entered into a cooperation agreement that the investor will promote the Company’s mobile application and will charge the Company a service fee.
The Company shall file the Memorandum and Articles with the Registrar of Companies of the Cayman Islands within five (5) Business Days following the Series B1 Closing.
The covenants of the Warrantors provided in this Section 6.3 with respect to the Purchaser shall remain effective until the earlier of (i) fifteen (15) months after the Series B1 Closing; and (ii) the expiration of the lock-up period applicable to the Purchaser after the Company consummates the IPO.
Subject to the terms and conditions of this Agreement, at the Series B-1 Closing the Company will sell and issue to each Investor, and each Investor agrees, severally and not jointly, to purchase, the number of Series B-1 Shares as specified on Exhibit A hereto under the heading “Series B-1 Shares” in consideration of the payment by such Investor of the purchase price as specified on Exhibit A hereto.