ANNUAL CAP AMOUNTS Sample Clauses

ANNUAL CAP AMOUNTS. The Directors project that under the New CKHH Supply Agreement:
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ANNUAL CAP AMOUNTS. The annual aggregate maximum amounts payable by the Tenant to the Landlord under the Lease Agreement for each of the 12 financial years ending 31 December 2024 will be subject to the following cap amounts (the “Annual Cap Amounts”): 31 December 2013 : 2,300,000 31 December 2014 : 20,000,000 31 December 2015 : 25,000,000 31 December 2016 : 28,000,000 31 December 2017 : 35,300,000 31 December 2018 : 37,000,000 31 December 2019 : 38,200,000 31 December 2020 : 40,000,000 31 December 2021 : 41,300,000 31 December 2022 : 43,000,000 31 December 2023 : 45,000,000 31 December 2024 : 20,000,000 The Annual Cap Amounts were determined with reference to the annual Base Rent, together with the estimated Annual Additional Rent and the estimated annual Food and Beverage Charges. The Base Rent was determined with reference to the market rental of the Premises endorsed by a valuation certificate dated 28 November 2013 prepared by DTZ Debenham Tie Xxxxx Limited, an independent property valuer. The estimated Annual Additional Rent was determined with reference to the estimated Gross Annual Room Revenue; and the estimated annual Food and Beverage Charges was determined with reference to the projected number of customers and the average bill amount for each customer in the Food and Beverage Outlets and its estimated annual growth.
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ANNUAL CAP AMOUNTS. In relation to the supplying of products by the Group, it is expected that the maximum annual transaction amount receivable by the Group from Sinopharm and/or its associates for the three financial years ending December 31, 2024, 2025 and 2026 will not exceed the amounts set out below: FY2024 FY2025 FY2026 Aggregate transaction amount US$498.0 million US$920.8 million US$1,310.6 million The annual cap amounts in respect of the supplying of products by the Group were determined by reference to (i) the historical transaction amounts, (ii) the estimated increase in sales of existing oncology marketed products through deeper market penetration and broader market coverage from the potential new indication of fruquintinib for gastric cancer which is at NDA review stage in China, (iii) the estimated new contribution of commercial sales from potential launch of new assets such as sovleplenib and amdizalisib starting in FY2024, (iv) the estimated increase in overall sales of existing prescription drugs from the potential expansion of product portfolio and distribution channels such as private hospitals and drugstores, and (v) the estimated new contribution of commercial sales from new products acquired through potential business development activities such as partnerships, in-licensings and acquisitions. In relation to the purchase of products by the Group, it is expected that the maximum annual transaction amount payable by the Group to Sinopharm and/or its associates for the three financial years ending December 31, 2024, 2025 and 2026 will not exceed the amounts set out below: FY2024 FY2025 FY2026 Aggregate transaction amount US$10.0 million US$20.0 million US$30.0 million The annual cap amounts in respect of the purchase of products by the Group were determined by reference to (i) the historical transaction amounts and historical growth in purchase volume resulting from the development of business with new hospital channels, (ii) the supply price for the products and (iii) the expected further increase in the purchase volume resulting from the development of business with new hospital channels and expansion of sales to such new hospital channels.
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ANNUAL CAP AMOUNTS. The annual fee payable by HCMH under the HBYS Brand License Royalty Agreement for each financial year ending December 31, 2024, 2025 and 2026 will be HK$12 million. The annual fee was determined by reference to (i) the historical sales volume of Xxxxxxxxx Baiyunshan products and expected future growth, (ii) the portion of Xxxxxxxxx Baiyunshan jointly branded products which uses the HWL Trade Marks and “Baiyunshan” trade marks, (iii) the expected future trend in and period of such use of the HWL Trade Marks in jointly branded products, (iv) market royalty rates for the use of a brand in a jointly branded product, and (v) arm’s length negotiation between the Group and HWEL.
Sample 1
ANNUAL CAP AMOUNTS. For reference, the annual rental cap amounts under the Previous Agreement are HK$60.36 million, HK$60.36 million, HK$64.39 million, HK$64.39 million, HK$67.07 million and HK$67.07 million in respect of the six financial years ending 31 December 2016 respectively, and the actual amounts of the relevant annual rents paid by City Super to WRL under the Previous Agreement are HK$41.11 million, HK$42.26 million, HK$44.00 million, HK$42.60 million, HK$42.46 million and HK$37.99 million respectively in respect of the six financial years ended 31 December 2016. As estimated by the parties, the base rent or turnover rent, whichever applicable, receivable by WRL under the Renewal Agreement for the period from 1 January 2023 to 28 February 2023 (i.e. the last two months of the Renewal Agreement) will be below the de minimis level under Rule 14A.76(1) of the Listing Rules. However, for the period from 1 March 2017 to 31 December 2022, it is estimated that the annual rent(s) under the Renewal Agreement receivable by WRL for one or more of the six financial years ending 31 December 2022 would likely exceed the de minimis level under Rule 14A.76 of the Listing Rules. Therefore, the parties have agreed to adopt an annual cap amount, as required by Rule 14A.53 of the Listing Rules, for the base rent or turnover rent, whichever applicable, under the Renewal Agreement for each of the six financial years ending 31 December 2022. Such Annual Cap Amounts are in line with Wharf’s internal forecasts based on an upside scenario and represent the expected maximum base rent or turnover rent, whichever is higher, receivable from City Super with reference to (i) the historic trading records in respect of the tenancy under the Previous Agreement for the relevant premises, and (ii) possible buoyant retail sentiment and environment in the next several years as projected by the management of Wharf. The Annual Cap Amounts are set out below: Financial Year ending 31 December Annual Cap Amounts (HK$ Million) 2017 68.00 2018 73.00 2019 78.00 2020 83.00 2021 88.00 2022 93.00 The adoption of the abovementioned Annual Cap Amounts does not and will not prevent WRL from recovering the rent and other sum payable by City Super under the Renewal Agreement in excess of the Annual Cap Amount in respect of any particular financial year. If for any of such years, the amount of rent payable by City Super as calculated in accordance with the provisions (save for the provision(s) relating to Annual Cap Amou...
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ANNUAL CAP AMOUNTS. It is expected that the maximum aggregate annual amount receivable or payable by the CKA Group and the CKHH Group (as the case may be) in respect of each of the Continuing Connected Transactions will not exceed the amounts set out below: Leasing Transactions HK$770 million HK$891 million HK$937 million Project Related Supplies Transactions HK$154 million HK$154 million HK$190 million The Annual Cap Amounts in respect of the Leasing Transactions were arrived at by reference to (i) the historical transaction amounts for the same type of transactions, (ii) the amount receivable by the CKA Group in respect of the Leasing Transactions currently in existence, (iii) the expected renewals of existing leases, tenancies and licences, (iv) the expected new Leasing Transactions that the CKHH Group may enter into with the CKA Group, and (v) the estimated adjustment in rental and service/management fees. The Annual Cap Amounts in respect of the Project Related Supplies Transactions were arrived at by reference to (i) the historical transaction amounts for the same type of transactions, (ii) the estimated number of contracts that may be awarded to the CKHH Group, taking into account the expected progress of the various existing property development projects of the CKA Group, and (iii) to cater for (1) additional demand for the Project Related Supplies in respect of new development projects which may commence construction,
Sample 1
ANNUAL CAP AMOUNTS. The annual aggregate maximum amount payable by the Tenant to the Landlord under the Tenancy Agreement for each of the 21 financial years ending 31 December 2040 will be subject to the following cap amounts (the “Annual Cap Amounts”) on the basis that (i) the lease term shall commence on the Delivery Date; and (ii) that the rental shall be calculated and charged from the first day of the month after the Delivery Date: Year ending 31 December Annual Cap Amounts RMB 2020 1,036,200 2021 9,474,287 2022 9,474,287 2023 9,948,001 2024 9,948,001 2025 9,948,001 2026 10,445,401 2027 10,445,401 2028 10,445,401 2029 10,967,671 2030 10,967,671 2031 10,967,671 2032 11,516,055 2033 11,516,055 2034 11,516,055 2035 12,091,858 2036 12,091,858 2037 12,091,858 2038 12,696,450 2039 12,696,450 2040 12,696,450 The Annual Cap Amounts are determined by the amounts of rent payable to the Landlord as stipulated in the Tenancy Agreement. The Annual Cap Amounts as shown above will be adjusted based on the actual commencement of the Tenancy Agreement.
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ANNUAL CAP AMOUNTS. Pursuant to the Lease, the annual fixed rent and other expenses (including real estate taxes, operating expenses, utility expenses and costs of maintenance) payable are expected to be as follows (collectively the “Annual Caps”): 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 493 749 764 779 795 811 827 844 860 878 895 150 Pursuant to the Lease Agreement, the rent for the Premises for each subsequent lease year shall be the rent for the prior lease year increased at a fixed rate of 2% per annum; each Annual Cap represents an estimate of the maximum aggregate annual amount of the fees payable to, and the expenses to be reimbursed to, Leknarf pursuant to the Lease Agreement during such period. If the annual fixed rent and other expenses payable during the term of the Lease exceed the respective Annual Caps during such period, the Company will re-comply with the requirements pursuant to the Listing Rules.
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Related to ANNUAL CAP AMOUNTS

  • ANNUAL CAPS The maximum aggregate amount to be paid under the Shipping Framework Agreement for each calendar year during the term of the Shipping Framework Agreement is capped at US$10.0 million. On this basis, the Annual Cap is US$10.0 million for 2023 and US$10.0 million for 2024. The annual cap was determined by reference to the agreed pricing principles set out in the Shipping Framework Agreement, projected production volumes and schedules of the Group, requirements of buyers including loading and discharging points and prevailing and projected international market sea freight rates for similar services from Peru and Australia.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.7. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Severability; Maximum Payment Amounts If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s). Notwithstanding anything to the contrary contained in this Agreement or any other Transaction Document (and without implication that the following is required or applicable), it is the intention of the parties that in no event shall amounts and value paid by the Company and/or any of its Subsidiaries (as the case may be), or payable to or received by any of the Buyers, under the Transaction Documents (including without limitation, any amounts that would be characterized as “interest” under applicable law) exceed amounts permitted under any applicable law. Accordingly, if any obligation to pay, payment made to any Buyer, or collection by any Buyer pursuant the Transaction Documents is finally judicially determined to be contrary to any such applicable law, such obligation to pay, payment or collection shall be deemed to have been made by mutual mistake of such Buyer, the Company and its Subsidiaries and such amount shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by the applicable law. Such adjustment shall be effected, to the extent necessary, by reducing or refunding, at the option of such Buyer, the amount of interest or any other amounts which would constitute unlawful amounts required to be paid or actually paid to such Buyer under the Transaction Documents. For greater certainty, to the extent that any interest, charges, fees, expenses or other amounts required to be paid to or received by such Buyer under any of the Transaction Documents or related thereto are held to be within the meaning of “interest” or another applicable term to otherwise be violative of applicable law, such amounts shall be pro-rated over the period of time to which they relate.

  • Excess Payments If Tenant shall assign this Lease or sublet any part of the Premises for consideration in excess of the pro-rata portion of Rent applicable to the space subject to the assignment or sublet, then Tenant shall pay to Landlord as Additional Rent 50% of any such excess immediately upon receipt.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Indemnity for Returned Payments If, after receipt of any payment of, or proceeds applied to the payment of, all or any part of the Obligations, the Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person, because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended to be satisfied shall be revived and continue and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Agent or such Lender, and the Borrower shall be liable to pay to the Agent, and hereby does indemnify the Agent and the Lenders and hold the Agent and the Lenders harmless for, the amount of such payment or proceeds surrendered. The provisions of this Section 4.9 shall be and remain effective notwithstanding any contrary action which may have been taken by the Agent or any Lender in reliance upon such payment or application of proceeds, and any such contrary action so taken shall be without prejudice to the Agent's and the Lenders' rights under this Agreement and shall be deemed to have been conditioned upon such payment or application of proceeds having become final and irrevocable. The provisions of this Section 4.9 shall survive the termination of this Agreement.

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Can I Roll Over or Transfer Amounts from Other IRAs You are allowed to “roll over” a distribution or transfer your assets from one Xxxx XXX to another without any tax liability. Rollovers between Xxxx IRAs are permitted every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. If you are single, head of household or married filing jointly, you may convert amounts from another individual retirement plan (such as a Traditional IRA) to a Xxxx XXX, there are no AGI restrictions. Mandatory required minimum distributions from Traditional IRAs, must be removed from the Traditional IRA prior to conversion. Rollover amounts (except to the extent they represent non-deductible contributions) are includable in your income and subject to tax in the year of the conversion, but such amounts are not subject to the 10% penalty tax. However, if an amount rolled over from a Traditional IRA is distributed from the Xxxx XXX before the end of the five-tax-year period that begins with the first day of the tax year in which the rollover is made, a 10% penalty tax will apply. Effective in the tax year 2008, assets may be directly rolled over (converted) from a 401(k) Plan, 403(b) Plan or a governmental 457 Plan to a Xxxx XXX. Subject to the foregoing limits, you may also directly convert a Traditional IRA to a Xxxx XXX with similar tax results. Furthermore, if you have made contributions to a Traditional IRA during the year in excess of the deductible limit, you may convert those non-deductible IRA contributions to contributions to a Xxxx XXX (assuming that you otherwise qualify to make a Xxxx XXX contribution for the year and subject to the contribution limit for a Xxxx XXX). You must report a rollover or conversion from a Traditional IRA to a Xxxx XXX by filing Form 8606 as an attachment to your federal income tax return. Beginning in 2006, you may roll over amounts from a “designated Xxxx XXX account” established under a qualified retirement plan. Xxxx XXX, Xxxx 401(k) or Xxxx 403(b) assets may only be rolled over either to another designated Xxxx Qualified account or to a Xxxx XXX. Upon distribution of employer sponsored plans the participant may roll designated Xxxx assets into a Xxxx XXX but not into a Traditional IRA. In addition, Xxxx assets cannot be rolled into a Profit-Sharing-only plan or pretax deferral-only 401(k) plan. In the event of your death, the designated beneficiary of your Xxxx 401(k) or Xxxx 403(b) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary Xxxx XXX account. Strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing any type of rollover.

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