Bulk Commodities Sale and Purchase Framework Agreement Sample Clauses

Bulk Commodities Sale and Purchase Framework Agreement. As at the date of this announcement, Luzheng Trading is a wholly-owned subsidiary of the Company. As Shandong Steel is a Controlling Shareholder of the Company and a Connected Person of the Company under Chapter 14A of the Listing Rules, the transaction under the Bulk Commodities Sale and Purchase Framework Agreement between the Company and Shandong Steel constitutes a Continuing Connected Transaction of the Company under the Listing Rules. As the highest applicable percentage ratio for the proposed annual caps of the Bulk Commodities Sale and Purchase Framework Agreement between the Company and Shandong Steel is more than 5% pursuant to the Listing Rules, the Continuing Connected Transaction under the Bulk Commodities Sale and Purchase Framework Agreement is subject to the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. In consideration of the pricing policy, the basis to determine the proposed annual caps, reasons for and benefits of the Continuing Connected Transactions, and the Company’s internal control procedures, the Directors (including Independent Non-executive Directors) are of the view that the terms of the transactions contemplated under the New Financial Services Framework Agreement, the New Futures Brokerage Services Framework Agreement, the Asset Management Service Framework Agreement, the Risk Management Services Framework Agreement and the Bulk Commodities Sale and Purchase Framework Agreement and the proposed annual caps thereunder are entered into on normal commercial terms in the ordinary and usual course of business of the Group, and are fair and reasonable and in the interests of the Company and the Shareholders of the Company as a whole. Directors Xx. Xxxx Xxxx, Mr. Xx Xxxxxxxx and Xx. Xxx Xx having material interests in the aforesaid agreements, have abstained from voting in respect of the resolutions in relation to the aforesaid framework agreements and their proposed annual caps passed by the Board. The AGM The Company intends to propose relevant resolutions at the forthcoming AGM for Independent Shareholders’ approval of the New Financial Services Framework Agreement, the Asset Management Service Framework Agreement, the Bulk Commodities Sale and Purchase Framework Agreement and their respective proposed annual caps. Zhongtai Securities will abstain from voting in respect of the resolutions in relation to the New Financial Services Framework Agreement, the Asset ...
Sample 1
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Bulk Commodities Sale and Purchase Framework Agreement. As at the date of this announcement, Luzheng Trading is a wholly-owned subsidiary of the Company. As Shandong Steel is the Controlling Shareholder of the Company, Shandong Steel is a Connected Person of the Company under Chapter 14A of the Listing Rules. As such, the transactions under the Bulk Commodities Sale and Purchase Framework Agreement between the Company and Shandong Steel constitute Continuing Connected Transactions of the Company under the Listing Rules. As the highest applicable percentage ratio for the proposed annual caps of the Bulk Commodities Sale and Purchase Framework Agreement between the Company and Shandong Steel is more than 5% pursuant to the Listing Rules, the Continuing Connected Transactions under the Bulk Commodities Sale and Purchase Framework Agreement are subject to the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Sample 1

Related to Bulk Commodities Sale and Purchase Framework Agreement

  • Framework Agreement 4.1.2.1 The Parties shall enter into a Framework Agreement within 28 days after the Contractor receives the Letter of Acceptance, unless the Particular Conditions establish otherwise. The Framework Agreement shall be based upon FORM No. 3 – FRAMEWORK AGREEMENT annexed to the Particular Conditions. The costs of stamp duties and similar charges (if any) imposed by law in connection with entry into the Framework Agreement shall be borne by the Procuring Entity.

  • Purchase and Sale Agreement The Participating Investors and the selling Key Holder agree that the terms and conditions of any Proposed Key Holder Transfer in accordance with Subsection 2.2 will be memorialized in, and governed by, a written purchase and sale agreement with the Prospective Transferee (the “Purchase and Sale Agreement”) with customary terms and provisions for such a transaction, and the Participating Investors and the selling Key Holder further covenant and agree to enter into such Purchase and Sale Agreement as a condition precedent to any sale or other transfer in accordance with this Subsection 2.2.

  • SCOPE OF FRAMEWORK AGREEMENT 3.1 This Framework Agreement governs the relationship between the Authority and the Supplier in respect of the provision of the Services by the Supplier to the Authority and to Other Contracting Bodies.

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

  • END USER AGREEMENTS (“EUA H-GAC acknowledges that the END USER may choose to enter into an End User Agreement (“EUA) with the Contractor through this Agreement, and that the term of the EUA may exceed the term of the current H-GAC Agreement. H-GAC’s acknowledgement is not an endorsement or approval of the End User Agreement’s terms and conditions. Contractor agrees not to offer, agree to or accept from the END USER, any terms or conditions that conflict with those in Contractor’s Agreement with H-GAC. Contractor affirms that termination of its Agreement with H-GAC for any reason shall not result in the termination of any underlying EUA, which shall in each instance, continue pursuant to the EUA’s stated terms and duration. Pursuant to the terms of this Agreement, termination of this Agreement will disallow the Contractor from entering into any new EUA with END USERS. Applicable H-GAC order processing charges will be due and payable to H-GAC

  • Purchase Orders and Purchasing Cards The parties agree that there is no minimum order requirements or charges to process an individual purchase order unless otherwise stated in the Contract. The Purchase Order number must appear on all documents (e.g., invoices, packing slips, etc.).

  • Indemnity for Underlying Sales and Supplemental Agreements Vendor shall be solely responsible for any customer claims or any disputes arising out of TIPS Sales or any Supplemental Agreement as if sold in the open-market. The Parties agree that TIPS shall not be liable for any claims arising out of Vendor’s TIPS Sales or Supplemental Agreements, including but not limited to: allegations of product defect or insufficiency, allegations of service defect or insufficiency, allegations regarding delivery defect or insufficiency, allegations of fraud or misrepresentation, allegations regarding pricing or amounts owed for TIPS sales, and/or allegations regarding payment, over-payment, under-payment, or non-payment for TIPS Sales. Payment/Drafting, overpayment/over-drafting, under- payment/under-drafting, or non-payment for TIPS Sales between customer and Vendor and inspections, rejections, or acceptance of such purchases shall be the exclusive respective obligations of Vendor/Customer, and disputes shall be handled in accordance with the terms of the underlying Supplemental Agreement(s) entered into between Vendor and Customer. Vendor acknowledges that TIPS is not a dealer, subcontractor, agent, or reseller of Vendor’s goods and services and shall not be responsible for any claims arising out of alleged insufficiencies or defects in Vendor’s goods and services, should any arise.

  • Vendor Encouraging Members to bypass TIPS agreement Encouraging entities to purchase directly from the Vendor or through another agreement, when the Member has requested using the TIPS cooperative Agreement or price, and thereby bypassing the TIPS Agreement is a violation of the terms and conditions of this Agreement and will result in removal of the Vendor from the TIPS Program.

  • Agreement of Purchase and Sale Subject to the terms and conditions hereinafter set forth, Seller agrees to sell and convey and Purchaser agrees to purchase the following:

  • Shipping must be Freight On Board Destination to the delivery location designated on the Customer purchase order The Contractor will retain title and control of all goods until delivery is completed and the Customer has accepted the delivery. All risk of transportation and all related charges are the responsibility of the Contractor. The Customer will notify the Contractor and H-GAC promptly of any damaged goods and will assist the Contractor in arranging for inspection. The Contractor must file all claims for visible or concealed damage. Unless otherwise stated in the Agreement, deliveries must consist only of new and unused merchandise.

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