Nature of the Transactions. Lessee and the Lessor Parties intend that the transactions evidenced by this Agreement and the other Operative Documents constitute operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Property for other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes. To the extent that this Agreement and the other Operative Documents reflect the lease form alone, they do so for convenience only. Lessee and the Lessor Parties intend that the Operative Documents have the dual form referred to in the first sentence of this paragraph, notwithstanding the use of the lease form alone. (a)
Nature of the Transactions. Lessee and the Lessor Parties intend that the transactions evidenced by this Agreement and the other Operative Documents constitute operating leases for accounting purposes and loans secured by the Property for all other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes. To the extent that this Agreement and the other Operative Documents reflect the lease form alone, they do so for convenience only. Lessee and the Lessor Parties intend that the Operative Documents have the dual form referred to in the first sentence of this paragraph, notwithstanding the use of the lease form alone.
Nature of the Transactions. The Group will provide Gas Supply Connection Services to TEDA and its subsidiaries and associates pursuant to the Industrial (Service) Gas Supply Connection Agreements and the Gas Connection Facilities Construction Engagement Agreements to be entered into from time to time. Term 1 April 2013 to 31 December 2015 Consideration The consideration for the Gas Supply Connection Services to be provided by the Group shall be the amount as stated in each of the Industrial (Service) Gas Supply Connection Agreements and/ or the Gas Connection Facilities Construction Engagement Agreements, for the specific Gas Supply Connection Services to be provided thereunder. Basis of Consideration The price for the provision of the Gas Supply Connection Services will be determined based on arm’s length negotiations between the relevant parties.
Nature of the Transactions. Pursuant to the Framework Sale and Purchase Agreement, (1) the PRC Subsidiaries agreed to purchase from Billion Fujian, and Billion Fujian agreed to sell to the PRC Subsidiaries, polyester filament yarns and waste polyester filament yarns; and (2) Billion Fujian agreed to purchase from the PRC Subsidiaries, and the PRC Subsidiaries agreed to sell to Billion Fujian, non-woven materials.
Nature of the Transactions. Xxxxx Xxx agreed to purchase and King Fu agreed to supply tools and materials for formwork works to the Group. Pricing policy The selling price of the merchandises are to be separately negotiated for each purchase by the parties based on the principles that the purchase price payable shall be determined on normal commercial terms after arm’s length negotiation, and shall be no less favourable than the prevailing market price and the price offered by Independent Third Parties. The parties will have separate purchase order in respect of each purchase. To ensure the purchase price offered by King Fu are fair and reasonable and comparable to those offered by Independent Third Parties, the Group will obtain quotation in relation to the same product type and volume from at least two other independent companies prior to entering into purchase order with King Fu so as to know the prevailing market price. The Directors consider that the above procedures can ensure that the transactions under the Master Purchase Agreement will be conducted on normal commercial terms and not prejudicial to the interests of the Company and its Shareholders.
Nature of the Transactions and assets to be acquired Pursuant to the Capital Injection Agreement, Freetech Smart Road, an indirect subsidiary which is 51% owned by the Company, and Tianjin Expressway Group, being the existing shareholder of the Target Company, entered into the Capital Injection Agreement, pursuant to which Freetech Smart Road has agreed to acquire 55% equity interests in the Target Company by way of subscribing for an additional registered capital of RMB24,444,400 at the total consideration of RMB46,802,400 (representing RMB24,444,400 as payment for the additional registered capital of the Target Company and RMB22,358,000 as capital reserve of the Target Company). The Capital Injection will be conducted by way of listing on Tianjin Property Rights Exchange. Upon Completion, the registered capital of the Target Company will be RMB44,444,400 and the Target Company will be owned as to 55% and 45% equity interests by Freetech Smart Road and Tianjin Expressway Group respectively. The shareholding structure of the Target Company before and after Completion is set out as follows: Before Completion After Completion Amount of the registered capital of the Target Company (in RMB) Percentage Amount of the registered capital of the Target Company (in RMB) Percentage Freetech Smart Road -- -- 24,444,400 55% Tianjin Expressway Group 20,000,000 100% 20,000,000 45% Total 20,000,000 100% 44,444,400 100%
Nature of the Transactions. Lessee and the Lessor Parties intend that the transactions evidenced by this Agreement and the other Operative Documents constitute operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Property
Nature of the Transactions. Pursuant to the Sale of Gas Agreement, Tianjin Binda will supply natural gas to Tianjin Steel Pipe and such natural gas will be delivered via gas pipelines to the gas stations in the factory premises of Tianjin Steel Pipe. The demand for gas from Tianjin Steel Pipe during the term (as set out below) of the Sale of Gas Agreement shall be up to 450,000 m3 per day.
