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English to Chinese: Transfer of registered capital General field: Law/Patents Detailed field: Accounting
Source text - English Transfer of Registered Capital
a)Either Party may transfer all or part of its registered capital contribution to the Company to any third party, provided that it first obtains the unanimous approval of the Board and the approval of the Approval Authority and complies with the provisions of this Article.
b) When a Party (the "Disposing Party") wishes to transfer all or part of its registered capital contribution to a third party, it shall provide a written notice (the "Notice") to the other Party (the "Non-Disposing Party"). The Notice shall state that the Disposing Party wishes to make the transfer and shall specify the interest it wishes to transfer, the terms and conditions of the transfer, and the identity of the proposed transferee (the "Transferee").
c) The Non-Disposing Party shall have a preemptive right to purchase the whole of such interest (i) on terms and conditions no less favorable than those specified in the Notice or (ii) at a fair market value appraised as set forth in paragraph (e). If the Non-Disposing Party elects to exercise its preemptive right, it shall notify the Disposing Party in writing (the "Acceptance Notice") within thirty (30) days of the actual delivery of the Notice to the Non-Disposing Party that it intends to purchase the whole of the interest to be transferred.
d) If the Non-Disposing Party fails to respond in writing to the Notice within such thirty (30)-day period, the Non-Disposing Party shall be deemed to have consented to the transfer. If the Non-Disposing Party consents, or is deemed to have consented to the transfer, the Disposing Party may transfer such interest to the Transferee, on the terms and conditions set forth in the Notice, but not otherwise, provided that such transfer takes place within six (6) months after the delivery of the Notice and that the Transferee agrees in writing to become subject to and to comply with the terms and conditions of this Contract and the Articles of Association. The Disposing Party shall provide the Non-Disposing Party with a duplicate of its executed transfer agreement with the Transferee within fourteen (14) days after the agreement is executed.
English to Chinese: Redemption of units General field: Bus/Financial Detailed field: Finance (general)
Source text - English Redemption of units
Unitholders who purchased their units through an Authorised Distributor and have the relevant Units held by the nominee appointed by the Authorised Distributor on their behalf should refer to such Authorised Distributor for details of the redemption procedure. Alternatively, Unitholders may redeem their Units on any Dealing Day in whole or in part by submitting application to the Manager as described below. The Manager may refuse to accept an application for a partial redemption of Units if, as a result, the Unitholer would hold Units of the relevant class having a value of less than the minimum holding for such Units.
A redemption application must be given in writing. It must specify the number (or in cases where the Manager, in its discretion, considers as appropriate, the redemption amount) and class of Units to be redeemed, the Fund to which the Units relate and the name(s) of the registered holder(s) and must give payment instructions for the redemption proceeds to be paid. In order for redemption to take effect on a particular Dealing Day, the redemption application must be received by the Manager not later than the redemption cut-off time for that Dealing Day (as specified in the relevant Term Sheet). Different redemption cut-off times may apply in relation to different classes of Units. Subject to the Manager’s discretion to accept some late applications from an Authorised Distributor as redemption applications received before the relevant cut off time for that Dealing Day in certain situations as specified in the relevant Term Sheet, redemption applications received after the relevant cut off time for that Dealing Day will be processed on the next Dealing Day.
Where so specified in the relevant Term Sheet, the Manager has the power to deduct from the proceeds of redemption a redemption charge of up to 4% of such proceeds. The Manager has discretion to waive this redemption charge in whole or in part in relation to any redemption request. If at any time during the period from the time as at which the redemption priced is calculated and the time at which redemption monies are converted out of any other currency into the base currency of the relevant fund there is an officially announced devaluation of that currency, the amount payable to any relevant redeeming Unitholder may be reduced as the Manager considers appropriate to take account of the effect of that devaluation.
English to Chinese: Banking Facilities General field: Bus/Financial Detailed field: Finance (general)
Source text - English With reference to our recent discussion, we are pleased to advise that we reviewed your undermentioned banking facilities (the ‘Facility’) and offer a renewal within the following limits. These facilities will be made available on the terms and conditions as outlined herein and upon satisfactory completion of the security detailed below. These facilities are also subject to review at any time and, in any event by 15 November 2006, and subject to our overriding right of withdrawal and repayment on demand, including the right to call for cash cover on demand for prospective and contingent liabilities.
Documentary Credits to your suppliers USD 5,000,000.00
With Import Loan Facilities up to 90 days,
(Less any usance/credit periods granted by your suppliers).
With which (USD5,000,000.00)
Goods under your control and/or Trust Receipts.
We may, at our sole and absolute discretion, refuse to allow drawings under the facilities if the transaction in question does not meet our operation requirements in respect of these facilities.
The bank reserve the right to recall the facilities if not used for the purposed granted.
Documentary Credits (‘DC’) opening commission will be charged at 0.1% for each validity of three months or part thereof (min USD45) and payable in full at the time of issuance of all DC to the debit of your account.
Interest on USD Import loans will be changed on a daily basis at 1.5% per annum over 1,2 or 3 months Singapore Interbank Money Market Offer Rate (SBOR) and payable in arrears at maturity to the debit of your account with us.
Import or export, bills handling commission will be charged at 0.1% (minimum USD40 for import and USD35 for export).
Translation - Chinese 根据贵我双方近来的讨论结果，我行高兴地告知，我行已审查贵方先前的银行贷款，并可在以下限额内给贵方提供新贷款。此贷款根据以下条款及条件作出，并需满足我行的担保条件。2006年11月15日这前，我行将随时对此贷款进行审查，并有权撤回贷款及要求立即偿还，包括有权要求贵方用现金偿还或有债务。