Nature of the Transactions. Lessee and the Lessor Parties intend that the transactions evidenced by this Agreement and the other Operative Documents constitute operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Property for other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes. To the extent that this Agreement and the other Operative Documents reflect the lease form alone, they do so for convenience only. Lessee and the Lessor Parties intend that the Operative Documents have the dual form referred to in the first sentence of this paragraph, notwithstanding the use of the lease form alone.
Nature of the Transactions. Lessee and the Funding Parties -------------------------- intend that the transactions evidenced by this Agreement and the other Operative Documents constitute an operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Leased Property for all other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes. To the extent that this Agreement and the other Operative Documents reflect the lease form alone, they do so for convenience only. Lessee and the Funding Parties intend that the Operative Documents have the dual form referred to in the first sentence of this paragraph, notwithstanding the use of the lease form alone.
Nature of the Transactions. CSCECL and CSC (or their respective subsidiaries) may cooperate to enter into and implement the Construction Main Contracts as joint venture main contractor.
Nature of the Transactions. Lessee and the Lessor Parties intend that the transactions evidenced by this Agreement and the other Operative Documents constitute operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Property
Nature of the Transactions. Pursuant to the Framework Sale and Purchase Agreement, (1) the PRC Subsidiaries agreed to purchase from Billion Fujian, and Billion Fujian agreed to sell to the PRC Subsidiaries, polyester filament yarns and waste polyester filament yarns; and (2) Billion Fujian agreed to purchase from the PRC Subsidiaries, and the PRC Subsidiaries agreed to sell to Billion Fujian, non-woven materials.
Nature of the Transactions. Pursuant to the Sale of Gas Agreement, Tianjin Binda will supply natural gas to Tianjin Steel Pipe and such natural gas will be delivered via gas pipelines to the gas stations in the factory premises of Tianjin Steel Pipe. The demand for gas from Tianjin Steel Pipe during the term (as set out below) of the Sale of Gas Agreement shall be up to 450,000 m3 per day.
Nature of the Transactions. The Group will provide Gas Supply Connection Services to TEDA and its subsidiaries and associates pursuant to the Industrial (Service) Gas Supply Connection Agreements and the Gas Connection Facilities Construction Engagement Agreements to be entered into from time to time. 1 April 2013 to 31 December 2015 The consideration for the Gas Supply Connection Services to be provided by the Group shall be the amount as stated in each of the Industrial (Service) Gas Supply Connection Agreements and/ or the Gas Connection Facilities Construction Engagement Agreements, for the specific Gas Supply Connection Services to be provided thereunder. The price for the provision of the Gas Supply Connection Services will be determined based on arm’s length negotiations between the relevant parties.
Nature of the Transactions. Xxxxx Xxx agreed to purchase and King Fu agreed to supply tools and materials for formwork works to the Group. The selling price of the merchandises are to be separately negotiated for each purchase by the parties based on the principles that the purchase price payable shall be determined on normal commercial terms after arm’s length negotiation, and shall be no less favourable than the prevailing market price and the price offered by Independent Third Parties. The parties will have separate purchase order in respect of each purchase. To ensure the purchase price offered by King Fu are fair and reasonable and comparable to those offered by Independent Third Parties, the Group will obtain quotation in relation to the same product type and volume from at least two other independent companies prior to entering into purchase order with King Fu so as to know the prevailing market price. The Directors consider that the above procedures can ensure that the transactions under the Master Purchase Agreement will be conducted on normal commercial terms and not prejudicial to the interests of the Company and its Shareholders.
Nature of the Transactions and assets to be acquired Before Completion After Completion Amount of the registered capital of the Target Company (in RMB) Percentage Amount of the registered capital of the Target Company (in RMB) Percentage Total 20,000,000 100% 44,444,400 100%
Nature of the Transactions. TEDA Supply Chain will provide workwear to BHI Tianjin Group through an e-commerce system that it has established and operates pursuant to the purchase orders to be entered into from time to time. From 1 January 2025 to 31 December 2025 The consideration will be determined in accordance with the manner set out in the section headed “Basis of consideration” below. The settlement and payment method shall be agreed and elaborated in the purchase orders to be entered into between BHI Tianjin Group and TEDA Supply Chain after arm’s length negotiations and on a normal commercial basis, provided that, in each case, the relevant settlement and payment method shall be no less favourable than those that can be obtained by BHI Tianjin Group from independent third parties.
