DETAILS OF THE PROPOSED VARIATION Sample Clauses

DETAILS OF THE PROPOSED VARIATION. In view that the APSB Entitlement Sum would be revised from the Original APSB Entitlement Sum to RM190.00 million only pursuant to the terms of the FSA and since the JVAs will be terminated on the Unconditional Date and the Development Land will be transferred to CCPSB upon its full settlement of the Final Settlement Sum to APSB, the Proposed Variation is considered a material variation under Paragraph 8.22(2)(b) of the Listing Requirements. Further details on the Proposed Variation (including the FSA) are set out below. 3.1 Salient terms of the FSA
Sample 1
AutoNDA by SimpleDocs
DETAILS OF THE PROPOSED VARIATION. The Proposed Variation is carried out pursuant to CCPSB’s request for APSB to transfer the Said Land to CCPSB in order for it to raise financing for the Revised Project and the operations of the Retail Podium through a charge on the Said Land to a Financier, such that it can fulfil its obligations to APSB under the Joint Venture Agreement including the payment of the APSB Entitlement Sum. To facilitate the above, the Parties have entered into the Agreements with the intention of varying the terms and conditions of the Joint Venture Agreement and the Supplemental Agreements (collectively referred to as the “JVAs”). A comparison of the key revised terms contained in the JVAs and the terms set out in the Agreements are summarised below:
Sample 1
DETAILS OF THE PROPOSED VARIATION. SHIB had on 11 November 2019 entered into the Supplemental Agreement to amend, modify, substitute, vary and alter the terms, conditions and provisions of the Subscription Agreement. Pursuant to the Supplemental Agreement, SHIB and the Subscriber have agreed to, amongst others, the followings: (i) to revise the Minimum Conversion Price from RM0.18 to RM0.10 ("Revised MCP”); (ii) to set the limit of the number of Conversion Shares to be issued upon conversion of the Notes at 833,333,333 Conversion Shares (“Conversion Limit”); and (iii) to revise the nominal value of each sub-tranche of Tranche 1 to Tranche 3 Notes to RM1 million each. For illustration purpose, the abovementioned changes are illustrated in the table below: As per the Subscription Agreement Proposed Variation MCP The MCP is set at RM0.18. The MCP is revised to RM0.10. Conversion Limit (Note: There was no provision of Conversion Limit in the Subscription Agreement. However, based on the MCP of RM0.18, the maximum number of Conversion Shares is 833,333,333). The Noteholder is only allowed to convert the Notes up to 833,333,333 SHIB Shares as approved by Bursa Securities and the shareholders of SHIB at the EGM. Revision of the nominal value of sub-tranches Tranche 1 Notes shall comprise of 10 equal sub-tranches of RM5 million each, Tranche 2 Notes shall comprise of 10 equal sub-tranches of RM5 million each and Tranche 3 Notes shall comprise of 5 equal sub-tranches of RM10 million each. Tranche 1 Notes, Tranche 2 Notes and Tranche 3 Notes shall each comprise of 50 equal sub-tranches of RM1 million each. The salient terms of the Subscription Agreement and Supplemental Agreement (including other changes to the Subscription Agreement as amended by the Supplemental Agreement other than those as set out above) are set out in Appendix I of this announcement. Save for the consequential changes as a result of the changes to the Subscription Agreement and those as set out in Section 2 and Appendix I of this announcement, there are no other material amendments to the Subscription Agreement as varied by the Supplemental Agreement and all other terms and conditions of the Subscription Agreement shall remain unchanged and continue to be in full force and effect.
Sample 1

Related to DETAILS OF THE PROPOSED VARIATION

  • Scope of the Procurement II.1.1) Title

  • Details of the Processing The subject-matter of Processing of Personal Data by Data Processor is the performance of the Services pursuant to the Agreement. The duration of the Processing, the nature and purpose of the Processing, as well as the types of Personal Data Processed and categories of Data Subjects under this DPA are further specified in Schedule 1 (Details of the Processing) to this DPA.

  • Representatives’ Review of Proposed Amendments and Supplements During the period when a prospectus relating to the Offered Shares is required by the Securities Act to be delivered (whether physically or through compliance with Rule 172 under the Securities Act or any similar rule), the Company (i) will furnish to the Representatives for review, a reasonable period of time prior to the proposed time of filing of any proposed amendment or supplement to the Registration Statement, a copy of each such amendment or supplement and (ii) will not amend or supplement the Registration Statement (including any amendment or supplement through incorporation of any report filed under the Exchange Act) without the Representatives’ prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Prior to amending or supplementing any preliminary prospectus, the Time of Sale Prospectus or the Prospectus (including any amendment or supplement through incorporation of any report filed under the Exchange Act), the Company shall furnish to the Representatives for review, a reasonable amount of time prior to the time of filing or use of the proposed amendment or supplement, a copy of each such proposed amendment or supplement. The Company shall not file or use any such proposed amendment or supplement without the Representatives’ prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The Company shall file with the Commission within the applicable period specified in Rule 424(b) under the Securities Act any prospectus required to be filed pursuant to such Rule.

  • SCOPE OF THE WORK The Contractor shall furnish all the materials, perform all of the Work, and do all things required by the Contract Documents.

  • Details of the transfer The details of the transfer and in particular the special categories of personal data where applicable are specified in Appendix 1 which forms an integral part of the Clauses.

  • Scope of the Project Under this Agreement, the scope of the Project (the “Scope of the Project”) shall mean and include: (a) construction of the Project Highway on the Site set forth in Schedule- A and as specified in Schedule-B together with provision of Project Facilities as specified in Schedule-C, and in conformity with the Specifications and Standards set forth in Schedule-D; (b) maintenance of the Project Highway in accordance with the provisions of this Agreement and in conformity with the requirements set forth in Schedule-E; and (c) performance and fulfilment of all other obligations of the Contractor in accordance with the provisions of this Agreement and matters incidental thereto or necessary for the performance of any or all of the obligations of the Contractor under this Agreement.

  • Project Changes Project changes prior to bid opening shall be made by addendum to plans and specifications. Changes after bid opening shall be made by change order. The Local Government shall submit all addenda and all change orders to the Department for an eligibility determination. After execution of all construction, equipment and materials contracts, the Project contingency may be reduced.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 2005 through 2011 and a satisfactory written analysis of the business and prospects of the Borrowers and their Subsidiaries for the period from the Effective Date through the final maturity of the Term Loans.

  • SCOPE CHANGES The Commissioner reserves the right to require, by written order, changes to the scope of the Contract, by altering, adding to or deducting from the Bid Specifications, such changes to be within the general scope of the Contract. If any such change causes an increase or decrease in the cost of, or the time required for, performance of any part of the work under the Contract, whether or not changed by the order, the Commissioner shall, upon notice from Contractor as hereafter stated, make an equitable adjustment in the Contract price, the delivery schedule or both and shall modify the Contract. The Contractor must assert its right to an adjustment under this clause within thirty days from the date of receipt of the written order. However, if the Commissioner decides that the facts justify it, the Commissioner may provide an adjustment without receipt of a proposal. Failure to agree to any adjustment shall be a dispute under the Disputes clause, provided, however, that nothing in this clause shall excuse the Contractor from proceeding with the Contract as changed.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!