Master Supply & Installation Agreement Sample Clauses

Master Supply & Installation Agreement. On [●], our Company (for ourselves and on behalf of our other subsidiaries) entered into a master supply and installation agreement with Excellence Real Estate (for itself and on behalf of other members of the Excellence Group and its associates) (the “Master Supply & Installation Agreement”), pursuant to which our Group agreed to (i) supply (a) ventilation and air conditioning system; (b) floor heating and water heating system; and (c) intelligent home system including but not limited to access control and surveillance system (the “Systems”) to Excellence Group and its associates; and (ii) provide related installation services (the “System Supply & Installation Services”). The Master Supply & Installation Agreement has a term commencing from the Listing Date until December 31, 2022. As our Group only started supplying air conditioning system, heating system and ventilation system to the Excellence Group and its associates from 2020, for each of the three years ended December 31, 2017, 2018 and 2019, the fees payable for the System Supply & Installation Services by the Excellence Group and its associates was nil, nil and nil, respectively. The fees to be charged for the System Supply & Installation Services will be determined on arm’s length basis with reference to the prevailing market price (taking into account the location and the conditions of the properties, purchasing cost of the Systems, and the anticipated operational costs including labor costs and material costs). Our Directors estimate that the maximum annual fees payable by Excellence Group and its associates in relation to the System Supply & Installation Services for each of the three years ending December 31, 2020, 2021 and 2022 will not exceed RMB73.5 million, RMB122.4 million and RMB183.7 million, respectively. This significant increase in the total amount of fee payable by Excellence Group and its associates for the System Supply & Installation Services was primarily attributable to (i) the provision of heating system and ventilation system since 2020 and plan to provide intelligent home system to Excellence Group and its associates starting 2021, respectively; and (ii) the estimated increase in the number of residential properties to be developed by Excellence Group and its associates in the next three years which requires System Supply & Installation Services. In arriving at the above annual caps, our Directors have considered the following factors which are considered to be reasonable ...
Sample 1
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Related to Master Supply & Installation Agreement

  • Equipment Installation In order to meet its obligations under this Agreement, a Party that owns, rents, or leases equipment (the equipment owner) may require installation of such equipment on property owned by another Party (the property owner), provided that the property is being used for an electric utility purpose and that the property owner shall not be required to do so if it would thereby be prevented from performing its own obligations or exercising its rights under this Agreement.

  • COMMENCEMENT OF WORK UNDER A SOW AGREEMENT Commencement of work as a result of the SOW-RFP process shall be initiated only upon issuance of a fully executed SOW Agreement and Purchase Order.

  • Rental Agreement All of the Roommates agree to be bound by all of the terms of the Rental Agreement.

  • Installation Waiver Company will waive the one-time installation charges associated with the implementation of Services within the 48 contiguous States of the U.S. provided under this Agreement except for the following services: (i) eDSL, (ii) VPN, (iii) Internet Dedicated OC3, OC12, OC48, Gig-E, (iv) PTT / third party services (including International Access and Company International), (v) Data Center, (vi) Paging, (vii) Managed Services, (viii) CPE, (ix) Enhanced Call Routing, (x) Local Disaster Recovery, (xi) Audio, Video and Net Conferencing, (xii) Voice over IP Services, (xiii) Security Services, (xiv) Non-Listing/Non-Published Service, (xv) Telecommunications Service Priority, and (xvi) Services provided by Company incumbent local exchange carriers (“ILECs”) or by Cellco Partnership and its affiliates d/b/a Company Wireless. Usage charges, monthly recurring charges, expedite charges, change charges, surcharges, charges for an unlisted or non-published number, any charges imposed by third parties (including access, egress, jack, or wiring charges), taxes or tax-like surcharges, or other Governmental Charges will not be waived.

  • Delivery & Installation a) Subject to the conditions of the contract, the delivery of the goods and completion of the related services shall be in accordance with the delivery and completion schedule specified in the bidding document. The details of supply/ shipping and other documents to be furnished by the successful/ selected bidder are specified in the bidding document and/ or contract.

  • Contract Amendment This Contract may be amended only by a writing signed by all Parties.

  • Delivery/Installation Instructions Due to the varying locations and circumstances involved in deliveries and installations, all deliveries and installations will be quoted on a project by project basis. All installation, labor, and or delivery charges must be shown as a separate line item on quotes and invoices. One of the following delivery methods must be specified on every Agency Purchase Order:

  • Installation and Acceptance 4.1 Unless otherwise agreed in the Proposal, SDSD shall install the Product and other Licensed Materials on the Equipment.

  • SCOPE, WAIVER AND ALTERATION OF AGREEMENT (1) No agreement, alteration, understanding, variation, waiver or modification of any of the terms and conditions or covenants herein shall be made by any employee or group of employees with the Board unless executed in writing between the parties hereto and the same has been ratified by the Union and the Board.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

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