Major Terms. Pursuant to the Master Agreement, the Company and CITIC Telecom agree with each other that in the event that the respective members of the Group engage members of CITIC Telecom Group to provide the Virtual Private Network Services during the Relevant Period, it will be in the ordinary and usual course and normal commercial terms of their respective businesses within the limit of the Virtual Private Network Services Caps for the Relevant Period. Pursuant to the Master Agreement, the Virtual Private Network Services shall generally be provided on the basis of CITIC Telecom Group’s standard service order form, which has incorporated the general terms and conditions of service of the relevant members of CITIC Telecom Group. Subject to the guidelines and terms and conditions set out in the Master Agreement, the terms and conditions of such standard service order form may be modified to cater for specific requirements of some customers, when necessary. Key service terms such as the minimum commitment period, bandwidth and location of services will be set out in such individual service order form. The service charges for the provision of the Virtual Private Network Services usually include a one-off set up charge and a fixed recurring monthly service charge during the service term, which is determined with reference to the subscribed bandwidth, locations, class of services and the requisite support services for provision of the Virtual Private Network Services. The service charges will be set out in the individual service order form and are agreed on an arm’s length basis. The one-off set up charge is normally payable in full upon provision of service while the monthly service charge is settled monthly.
Major Terms. Pursuant to the Master Agreement, the Company and CITIC Telecom agree with each other that in the event that the respective members of the Group engage members of CITIC Telecom Group to provide the Internet Access Services during the Relevant Period, it will be in the ordinary and usual course and normal commercial terms of their respective businesses within the limit of the Internet Access Services Caps for the Relevant Period. Pursuant to the Master Agreement, the Internet Access Services shall generally be provided on the basis of CITIC Telecom Group’s standard service order form, which has incorporated the general terms and conditions of service of the relevant members of CITIC Telecom Group. Subject to the guidelines and terms and conditions set out in the Master Agreement, the terms and conditions of such standard service order form may be modified to cater for specific requirements of some customers, when necessary. Key service terms such as the minimum commitment period, bandwidth and location of services will be set out in such individual service order form. The service charges for the provision of the Internet Access Services usually include a one-off set up charge and a fixed recurring monthly service charge during the service term, which is determined with reference to the subscribed bandwidth, locations, interface of connection and the requisite application services for provision of the Internet Access Services. The service charges will be set out in the individual service order form and are agreed on an arm’s length basis. The one-off set up charge is normally payable in full upon provision of service while the monthly service charge is settled monthly.
Major Terms. (1) The Capital Increase According to the terms and conditions of the Capital Increase Agreement, the Company, Xxxxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx agreed to make a capital contribution in the aggregate amount of RMB1,000,000,000 to the Finance Company. Among which, the Company agreed to make a capital contribution of RMB510,000,000 in cash, and Xxxxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx agreed to make capital contributions of RMB400,000,000 and RMB90,000,000 in cash, respectively. The Company, Xxxxxxxx Xxxxxxx and Zhaojin Smelting shall make their respective capital contribution in cash in one lump sum to the Finance Company within 30 days after the approval of Shandong CBRC in respect of the Capital Increase has been obtained. The amount of capital contribution under the Capital Increase Agreement was arrived at after arm’s length negotiation among the Company, Xxxxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx having regard to the operation needs of the Finance Company and their respective shareholding interest in the Finance Company. The Company intends to fund its capital contribution by internal resources. The articles of association of the Finance Company will be amended accordingly upon completion of the Capital Increase.
Major Terms. (1) The first equity acquisition
Major Terms. (1) The increase of the registered capital of Golden Bridge Senmeng CTV Media (Shanghai) and Beijing Senmeng Media shall make capital contribution of RMB5,100,000 (equivalent to approximately HK$5,793,600) and RMB4,600,000 (equivalent to approximately HK$5,225,600), respectively, to Golden Bridge Senmeng within 5 business days after the execution of the First Capital Increase Agreement. The following table sets out the shareholding structure of Golden Bridge Senmeng before and after the increase of registered capital pursuant to the First Capital Increase Agreement: Registered capital before the increase of registered capital Registered capital after the increase of registered capital (RMB) (%) (RMB) (%) CTV Media (Shanghai) 0 0 5,100,000 51% Beijing Senmeng Media 300,000 100% 4,900,000 49% Total 300,000 100% 10,000,000 100% CTV Media (Shanghai)’s capital contribution to Golden Bridge Senmeng will be financed by internal resources.
Major Terms. (A) the Company agreed to lease or procure the leasing of the Premises to NWDS Group and NWDS agreed to lease or procure the leasing of the Premises from NWCL Group in accordance with the following terms:
Major Terms. (i) Business scope and terms of operation The scope of business of the Target Company includes real estate development, sale of residential properties, leasing, property management, ancillary supports and basic facilities construction. The Target Company shall have a term of operation of 20 years commencing from the completion of the First Acquisition.
Major Terms. (i) In order to expedite the process of obtaining approval from the regulatory authorities in the PRC, the parties to the Supplemental Agreement agreed to proceed with the First Acquisition and the First Capital Expansion simultaneously.
Major Terms. (i) The Supplementary Agreement expanded the current annual caps in respect of the deposit services rendered by the Finance Company as contemplated under the New Financial Services Agreement. The current and the revised annual caps are set out below:- The actual Maximum daily outstanding balance during The Current Annual Caps for the years ended 31 December RMB,000 0000 0000 0000 2015 Maximum daily outstanding balance of deposits placed by the Group 199,978 200,000 200,000 200,000 with the Finance Company (including accrued interests) RMB,000 The Revised Annual Caps From the date of the Supplementary Agreement to 31 December 2014 From 1 January 2015 to 31 December 2015 Maximum daily outstanding balance of deposits placed by the Group with the Finance Company (including accrued interests) 500,000 500,000 The revised annual caps for provisions of Deposit Services are primarily determined with reference to the following factors:
Major Terms. 1. CDC and the Company agreed that their subsidiaries shall conduct substitutive power generation transactions among themselves in Beijing, Tianjin, Tangshan, Jiangsu and Shanxi regions of the PRC.
