NEW FRAMEWORK AGREEMENT Sample Clauses

NEW FRAMEWORK AGREEMENT. Bayannur Shengan Chemical Limited* (巴彥淖爾盛安化工有限責任公司) (“Bayannur Shengan”) is a domestic company established in the PRC and it is a 60%-owned subsidiary of the Group. It is principally engaged in the business activity of manufacturing and sale of civil explosives. Xxxxxxxx Xxxxxxx will supply civil explosives to Ordos Beian. In addition, following the improvement in the domestic economy in the PRC and the surge in the mining blasting volume of the downstream mining enterprises in the neigbouring regions of Wuhai and Ordos, there is a recent increase in the amounts of the CCT. It is expected that the amount of CCT in the year ending 31 March 2018 will exceed the original annual cap set as RMB127,000,000. In light of the above, Shengan Chemical (Otog Banner) and Xxxxxxxx Xxxxxxx (as supplier) (collectively, “Suppliers”) and Ordos Beian (as customer) entered into a new framework agreement (“New Framework Agreement”) on 9 October 2017 so as to: (1) admit Xxxxxxxx Xxxxxxx as a new party to the CCT; (2) revise the term on proposed annual cap for the year ending 31 march 2018 as set out in the Ordos Beian Framework Agreement; and (3) extend the period to the financial year ended 31 March 2020. The Ordos Beian Framework Agreement was terminated on the same date of 9 October 2017.
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NEW FRAMEWORK AGREEMENT. Reference is made to (i) the announcement of the Company dated 28 December 2018 in relation to the continuing connected transactions between the Company and Viva China Group under the 2018 Renewed Master Agreement and the 2018 New Master Sales Agreement and (ii) the announcement of the Company dated 13 September 2021 in relation to the continuing connected transactions between Li Ning China and Ningjuli under the Processing and Customization Agreement. The Previous Agreements will expire on 31 December 2021. As the Group intends to (i) continue to carry out the continuing connected transactions under the Previous Agreements after 31 December 2021 and (ii) expand the transaction scope, on 30 December 2021 (after trading hours), the Company and Viva China entered into the New Framework Agreement to set out the Relevant Transactions (as defined below) which may be entered into between member(s) of the Group and member(s) of Viva China Group. Pursuant to the New Framework Agreement, member(s) of the Group and member(s) of Viva China Group may enter into the following transactions (collectively, the “Relevant Transactions”), which will constitute continuing connected transactions of the Company:
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NEW FRAMEWORK AGREEMENT. We refer to the disclosure in relation to the Original Framework Agreement dated 21 March 2017 entered into between the Company and International Group, for a term commencing from the 11 April 2017 to 31 December 2019 under the section headed “Connected Transactions” in the prospectus of the Company dated 28 March 2017 in relation to the global offering of its H shares and the announcements dated 24 August 2018 and 31 October 2018 in relation to the supplemental agreement to the Original Framework Agreement entered into between the Company and International Group. Since the Original Framework Agreement will expire on 31 December 2019 and the transactions contemplated thereunder will continue to be entered into on a recurring basis, the Board announces that on 30 December 2019, the Company and International Group entered into the New Framework Agreement for a term commencing from 1 January 2020 to 31 December 2022. Pursuant to the New Framework Agreement, the Company and International Group agreed to conduct securities and financial transactions with each other and/or their respective associates, and provide securities and financial products as well as financial services to each other and/or their respective associates, in our and their respective ordinary course of business based on normal commercial terms and market practices at prevailing market prices or rates. Summary of Principal Terms of the New Framework Agreement Date: 30 December 2019 Term From 1 January 2020 to 31 December 2022 Parties: (i) International Group; and
Sample 1
NEW FRAMEWORK AGREEMENT. The proposed annual caps (net of VAT) of the CCT for the year ending 31 March 2024 under the New framework Agreement are set out in the following table: (net of VAT) For year ending 31 March 2022 2023 2024 RMB RMB RMB Proposed annual caps 150,000,000 150,000,000 150,000,000 The proposed annual caps set out above are determined based on: (i) the annualized historical purchase amount in the year ended 31 March 2021, (ii) the internal projections of the maximum amount of major types of the Products that may potentially be purchased by Juli Engineering from Ordos Beian; and (iii) the estimated prices for the purchases of major types of the Products in 2022, 2023 and 2024. R E AS ON S FO R A N D B E N EF I T S OF E NT E R IN G I N T O T HE N EW FRAMEWORK AGREEMENT The Group is principally engaged in bulk mineral trade, manufacturing and sale of explosives and provision of blasting operations and related services. Juli Engineering is a subsidiary of the Group and is principally engaged in sale of explosives and provision of blasting operations and related services. Ordos Beian is principally engaged in supply of civil explosive equipment and materials in Qi Panjing, Ordos City, Inner Mongolia. Ordos Bejan has been a reliable supplier of the Group in respect of the supply of civil explosives and equipment. By entering into the New Framework Agreement, the Group can continue the strategic business relationship with Ordos Bejan which is beneficial for the stable operations of and business expansion of the Group. The Directors (including the independent non-executive Directors) are of the view that the entering into of the New Framework Agreement is in the ordinary and usual course of business of the Group and the terms of the New Framework Agreement (including the new annual caps) are fair and reasonable and in the interests of the Company and its Shareholders as a whole. None of the Directors has any material interest in the transactions contemplated under the New Framework Agreement, and none of them needs to abstain from voting on the board resolution approving the New Framework Agreement and the transactions contemplated thereunder. IMPLICATIONS UNDER THE GEM LISTING RULES Ordos Beian is owned as to 55% by 內蒙古生力資源（集團）有限責任公司 (Inner Mongolia Shengli Resources Group Co., Limited*), which is the holding company of Jungar Banner Xxxx, which held 40% of equity interest in Shengan Chemical (Inner Mongolia) and is therefore a connected person of the Company at the subs...
Sample 1
NEW FRAMEWORK AGREEMENT. We refer to the announcement of the Company dated 30 December 2019 in relation to the Original Framework Agreement entered into between the Company and International Group, for a term commencing from 1 January 2020 to 31 December 2022. Since the Original Framework Agreement will expire on 31 December 2022 and the transactions contemplated thereunder will continue, the Board announces that on 29 December 2022, it has approved the Company to enter into the New Framework Agreement for a term commencing from 1 January 2023 to 31 December 2025. Pursuant to the New Framework Agreement, the Group and International Group and/or its associates agreed to conduct securities and financial transactions with each other and provide securities and financial products as well as financial services to each other, in our and their respective ordinary course of business based on normal commercial terms and market practices at prevailing market prices or rates. Summary of Principal Terms of the New Framework Agreement Term: From 1 January 2023 to 31 December 2025 (both dates inclusive) Parties: (i) International Group; and
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NEW FRAMEWORK AGREEMENT. (a) Parties
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Related to NEW FRAMEWORK AGREEMENT

  • Framework Agreement 4.1.2.1 The Parties shall enter into a Framework Agreement within 28 days after the Contractor receives the Letter of Acceptance, unless the Particular Conditions establish otherwise. The Framework Agreement shall be based upon FORM No. 3 – FRAMEWORK AGREEMENT annexed to the Particular Conditions. The costs of stamp duties and similar charges (if any) imposed by law in connection with entry into the Framework Agreement shall be borne by the Procuring Entity.

  • TERM OF FRAMEWORK AGREEMENT The Framework Agreement shall take effect on the Commencement Date and (unless it is otherwise terminated in accordance with the terms of this Framework Agreement or it is otherwise lawfully terminated) shall terminate at the end of the Term.

  • SCOPE OF FRAMEWORK AGREEMENT 3.1 This Framework Agreement governs the relationship between the Authority and the Supplier in respect of the provision of the Services by the Supplier to the Authority and to Other Contracting Bodies.

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

  • 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.

  • Variations to This Framework Agreement 32.1 Variation in General

  • Development Agreement As soon as reasonably practicable following the ISO’s selection of a transmission Generator Deactivation Solution, the ISO shall tender to the Developer that proposed the selected transmission Generator Deactivation Solution a draft Development Agreement, with draft appendices completed by the ISO to the extent practicable, for review and completion by the Developer. The draft Development Agreement shall be in the form of the ISO’s Commission-approved Development Agreement for its reliability planning process, which is in Appendix C in Section 31.7 of Attachment Y of the ISO OATT, as amended by the ISO to reflect the Generator Deactivation Process. The ISO and the Developer shall finalize the Development Agreement and appendices as soon as reasonably practicable after the ISO’s tendering of the draft Development Agreement. For purposes of finalizing the Development Agreement, the ISO and Developer shall develop the description and dates for the milestones necessary to develop and construct the selected project by the required in-service date identified in the Generator Deactivation Assessment, including the milestones for obtaining all necessary authorizations. Any milestone that requires action by a Connecting Transmission Owner or Affected System Operator identified pursuant to Attachment P of the ISO OATT to complete must be included as an Advisory Milestone, as that term is defined in the Development Agreement. If the ISO or the Developer determines that negotiations are at an impasse, the ISO may file the Development Agreement in unexecuted form with the Commission on its own, or following the Developer’s request in writing that the agreement be filed unexecuted. If the Development Agreement is executed by both parties, the ISO shall file the agreement with the Commission for its acceptance within ten (10) Business Days after the execution of the Development Agreement by both parties. If the Developer requests that the Development Agreement be filed unexecuted, the ISO shall file the agreement at the Commission within ten (10) Business Days of receipt of the request from the Developer. The ISO will draft, to the extent practicable, the portions of the Development Agreement and appendices that are in dispute and will provide an explanation to the Commission of any matters as to which the parties disagree. The Developer will provide in a separate filing any comments that it has on the unexecuted agreement, including any alternative positions it may have with respect to the disputed provisions. Upon the ISO’s and the Developer’s execution of the Development Agreement or the ISO’s filing of an unexecuted Development Agreement with the Commission, the ISO and the Developer shall perform their respective obligations in accordance with the terms of the Development Agreement that are not in dispute, subject to modification by the Commission. The Connecting Transmission Owner(s) and Affected System Operator(s) that are identified in Attachment P of the ISO OATT in connection with the selected transmission Generator Deactivation Solution shall act in good faith in timely performing their obligations that are required for the Developer to satisfy its obligations under the Development Agreement.

  • Client Agreement 2.1. The Company may unilaterally change any terms of this Client Agreement for any of the following reasons:

  • Cooperation Agreement At the Closing, PCC and Buyer shall, and PCC shall cause PCC Parent to, execute and deliver the Cooperation Agreement pursuant to which Buyer, PCC Parent and PCC shall provide each other certain information and other assistance in connection with the collection, administration and/or satisfaction of certain of the Retained Liabilities.

  • Consortium Agreement agreement entered into by and between the Manager and the Contractors, pursuant to Annex X.

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