Examples of VIE Affiliates in a sentence
Each Subsidiary of the Company and VIE Affiliates is duly qualified or licensed to do business and is in good standing in each jurisdiction where the character of its properties owned or leased or the conduct or nature of its business makes such qualification necessary, except where the failure to be so qualified has not resulted in and could not reasonably be expected to result in a Material Adverse Effect, and is capable of suing and being sued in its own name.
No license, consent, approval or action of, filing with or notice to any governmental or regulatory authority on the part of the Founder, the Company or any of the Subsidiaries or VIE Affiliates is required in connection with the execution, delivery and performance of this Agreement or any of the Transaction Documents or the consummation of the transactions contemplated hereby or thereby.
Full provision or reserve has been made in the financial statements for all taxes, including deferred or provisional taxes in respect of the accounting period ended on or before the date of the financial statements, for which the Company or any of the Subsidiaries or VIE Affiliates was then or might at any time thereafter become or has become liable.
All Intellectual Property (whether registered or not) and all Knowhow, which have been, are, or are capable of being used in relation to or which are necessary for the business as presently conducted or proposed to be conducted are lawfully owned by or licensed to the Company or any of the Subsidiaries or VIE Affiliates.
There are no actions or proceedings pending or orders outstanding or, so far as is known by the Company and the Founder, currently threatened in writing by or against, relating to or affecting the Founder, the Company or any of the Subsidiaries or VIE Affiliates that would reasonably be expected to have a Material Adverse Effect.
All returns, particulars, resolutions and other documents required to be filed with or delivered to any governmental or regulatory authority in respect of the Company or any of the Subsidiaries or VIE Affiliates have been properly filed or delivered.
The business license and other organizational documents of the Company and each of the Subsidiaries and VIE Affiliates comply with requirements of applicable laws and have been approved by the competent governmental or regulatory authority (if applicable) and, if required, registered at the local administration for industry and commerce.
The register of members and other similar records of the Company and the Subsidiaries accurately reflect all issuances, transfers and cancellations of shares of the capital stock of the Company and the Subsidiaries and VIE Affiliates prior to the execution of this Agreement, each of which was made in accordance with applicable laws and has been made available to the Investor prior to the execution of the Agreement.
The financial results of the VIE Affiliates are consolidated into the consolidated financial statements of the Company.
No petition has been presented, no order has been made, no receiver has been appointed and no resolution has been passed for the winding up, liquidation, dissolution or bankruptcy of the Company or any of the Subsidiaries or VIE Affiliates.