Examples of WFOE I in a sentence
The main result from these climate discussions is that we globally need to limit the temperature rise to a maximum of 2 degrees above pre-industrial level.
This notice shall contain the following information: the day of the week upon which Collections will be made; the name, address and telephone number of the Contractor; the proper location for the containers pending collection, and the time of day at which containers must be so placed.
Without written consent by WFOE, I have no right to increase, decrease, transfer, pledge, or by any other manner to dispose or change My Shareholding.
The Company’s interest in the Domestic Company held through the WFOE I through the Restructuring Documents is free and clear of any Liens, and no other Person has any right to participate in, or receive any payment based on any amount relating to, the revenue, income, value or net worth of the Domestic Company or any component or portion thereof, or any increase or decrease in any of the foregoing.
One hundred percent (100%) of the equity interest of the Domestic Company are pledged to the WFOE I through the Restructuring Documents and in accordance with applicable PRC Laws.
There was no change to Long Yun’s capital structure.The Company decided to replace WFOE I with WFOE II in order to take full advantage of certain preferential tax treatments and subsidies granted by the local government of Shangcheng District of Hangzhou, Zhejiang province, where WFOE II was incorporated.On August 3, 2018, WFOE II established Shenzhen Guanpeng International Technology Co., Ltd (“Guanpeng”).
All Parties agree that, in this scenario, the Option Holder’s exercise of such Option shall prevail and the Company shall procure the Group Company (currently the WFOE I) which will exercise or enforce its rights under the JV Control Agreements involved to postpone such exercise or enforcement until the completion of issuance of the Option Shares to such an Option Holder under clause 3.3 of the Option Agreement.
WFOE I and WFOE II shall be collectively referred to as the “WFOEs.”The purpose and design of the VIE Agreements between the WFOEs and HangZhou Longyun, was to consolidate Hangzhou Longyun under the Company by way of common control.
The WFOE I and the VIE have the power and legal right to execute, deliver and perform their respective obligations under each VIE Agreement to which it is a party, and has duly authorized, executed and delivered such VIE Agreement.
In the event other shareholders of the Company transfers the equity interests it owns to WFOE or any third party designated by WFOE, I will sign or provide necessary documents for the transfer procedures of such equity interests.