FINANCIAL EFFECTS Clause Samples
The 'Financial Effects' clause defines how financial matters arising from the agreement will be handled between the parties. It typically outlines the allocation of costs, payments, reimbursements, or financial adjustments that may result from the performance, modification, or termination of the contract. For example, it may specify who is responsible for certain expenses or how refunds are processed if the agreement ends early. The core function of this clause is to ensure transparency and fairness in managing the financial consequences of the contractual relationship, thereby reducing the risk of disputes over money matters.
FINANCIAL EFFECTS. This Agreement will not have any material impact on the issued share capital of the Group and the earnings and net assets of the Group for financial year ending 31 July 2020 but is expected to contribute positively to the earnings of the Nexgram Group during the tenure of the appointment.
FINANCIAL EFFECTS. The Agreement is expected to contribute positively to the earnings and earnings per share of the Company for the financial year ending 31 December 2022. The Agreement will not have any effect on the issued share capital and the shareholding of the substantial shareholders of the Company.
FINANCIAL EFFECTS. The JDA is not expected to have any effect on the issued share capital and substantial shareholders’ shareholdings of the Company as it does not involve the issuance of any new ordinary shares in the Company. The JDA is not expected to have any material impact on the Company’s earnings per share, net assets and gearing for the current financial year ending 31 December 2023. However, it is expected to contribute positively to the future earnings of the Company.
FINANCIAL EFFECTS. The Contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years. The Contract does not have any impact on the share capital and/or shareholding structure of Muhibbah.
FINANCIAL EFFECTS. The Agreement is not expected to have any material immediate effect on the net assets and gearing of the Group for the financial year ending 31 December 2021.
FINANCIAL EFFECTS. The MOU will not have any effect on the issued share capital and substantial shareholders’ shareholdings of SHB. The MOU will not have any effect on the earnings per share, net assets per share and gearing of SHB for the financial year ending 31 December 2022.
FINANCIAL EFFECTS. The DA is not expected to have any effect on the issued share capital and substantial shareholders’ shareholdings of the Company as it does not involve the issuance of any new ordinary shares in the Company. The DA is not expected to have any material impact on the Company’s earnings per share, net assets and gearing for the financial year ended 30 June 2023. However, it is expected to contribute positively to the future earnings of the Company.
FINANCIAL EFFECTS. The MOU is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings of the Company. In the event the MOU results in definitive agreement between Adv Solar and LATITUDE on the Project, the implementation thereof is expected to have a positive impact to the future earnings of Advancecon Group.
FINANCIAL EFFECTS. The DA will not have any effect on the share capital and substantial shareholders’ shareholdings of LKL International, and is not expected to have any material effect on the earnings per share, net assets per share and gearing of the Company for the financial year ending 30 April 2021.
FINANCIAL EFFECTS. The Board is of the view that the Supply Agreement will not have any effect on the issued share capital and substantial shareholders’ shareholdings of the Company as there is no issuance of new ordinary shares in the Company. Further, the Supply Agreement is not expected to have an impact on the gearing of the group for the financial period ending 31 December 2020. The Supply Agreement is expected to contribute positively to the Group’s future earnings, earnings per share and enhance the consolidated net asset of the Group.