Examples of VIE Subsidiaries in a sentence
The Company, its Subsidiaries, its VIEs and its VIE Subsidiaries are in compliance with all U.S. federal, state, local and foreign laws and regulations relating to employment and employment practices, terms and conditions of employment and wages and hours, except where the failure to be in compliance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Neither the Company nor any of its Subsidiaries, VIEs, VIE Subsidiaries or Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”).
The Company’s certifying officers have evaluated the effectiveness of the disclosure controls and procedures of the Company, the Subsidiaries, the VIEs and the VIE Subsidiaries as of the end of the period covered by the most recently filed periodic report under the Exchange Act (such date, the “Evaluation Date”).
Neither the Company, nor its Subsidiaries, VIEs, VIE Subsidiaries or Affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve.
The Company, its Subsidiaries, VIEs and VIE Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all of their intellectual properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Any real property and facilities held under lease by the Company, the Subsidiaries, the VIEs and the VIE Subsidiaries are held by them under valid, subsisting and enforceable leases with which the Company, the Subsidiaries, the VIEs and the VIE Subsidiaries are in compliance which the failure to so have could have a Material Adverse Effect.
Schedule 3.1(p) sets forth all of the Intellectual Property Rights that the Company, the Subsidiaries, the VIEs and the VIE Subsidiaries own or have the rights to use.
Neither the Company nor any of its Subsidiaries, VIEs, VIE Subsidiaries or Affiliates owns or controls, directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five percent (25%) or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve.
The Company, the Subsidiaries, the VIEs and the VIE Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company, the Subsidiaries, the VIEs and the VIE Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage at least equal to the aggregate Subscription Amount.
Since the Evaluation Date, except as set forth in Schedule 3.1(s), there have been no changes in the internal control over financial reporting (as such term is defined in the Exchange Act) of the Company, the Subsidiaries, the VIEs and the VIE Subsidiaries that have materially affected, or is reasonably likely to materially affect, the internal control over financial reporting of the Company and its Subsidiaries.