November 2014. Initial Permanent Fare has the meaning given to it in the Ticketing and Settlement Agreement; Instruction has the meaning given to it in the Stations Enhancements Works Agreement;
November 2014. In this case the specific employment terms applicable to the General group continue to apply to you with the proviso that from 1 January 2015 to 1 July 2015 the KPN Plan does not apply to you and the KPN Service Plan applies instead. As from 1 July 2015 the KPN Plan does apply to you because from that date the KPN Service Plan lapses. Where relevant, a number of specific transitional provisions in this Collective Agreement also apply to you.
November 2014. The audience of this document is made aware that a physical copy may not be the latest available version. The latest version, which supersedes all previous versions, is available on The Source. Those to whom this policy applies are responsible for familiarising themselves periodically with the latest version and for complying with policy requirements at all times. V.1.00 24 July 2014
November 2014. Orders may be given by the Buyer in writing or orally. Oral Orders shall, upon their acceptance by Optomark, be binding notwithstanding any failure on the part of the Buyer to confirm the same in writing.
November 2014. Optomark will not replace, correct or give credit for any products which in its opinion have been the subject of undue wear and tear, modification, inappropriate storage, improper installation maintenance or use, accident or neglect. The Buyer shall not be entitled to reject any Products due to minor defects that do not adversely affect their installation, operation or performance. Optomark’s decision on such matters shall be final.
November 2014. 9.3 Except in respect of death or personal injury caused by Optomark's negligence Optomark shall not be liable to the Buyer by reason of any misrepresentation or breach of any implied warranty condition or other term or breach of any duty howsoever arising or under the express terms of the Contract for any direct loss or expense or any indirect loss or expense suffered by the Buyer or liability to third parties incurred by the Buyer or for any consequential loss or damage which arises out of or in connection with the supply of the Products or Services or their use or re-sale by the Buyer except as expressly provided in these Conditions of Trade.
9.4 Subject to clauses 9.1 to 9.3 above, Products are sold to the Buyer with the benefit of any transferrable warranties received by Optomark from the suppliers and manufacturers of the said Products.
November 2014 liabilities under any Contract notwithstanding that Optomark may have exercised one or more of the rights or remedies against the Buyer.
November 2014. 0.00 December 2014... 0.00 January 2015.... 0.00 February 2015... 0.00 March 2015...... 0.00 April 2015...... 0.00 May 2015........ 0.00 June 2015....... 0.00 July 2015....... 0.00 August 2015..... 0.00 September 2015.. 0.00 October 2015.... 0.00
November 2014. Parties:
(i) the Company, as vendor; and
(ii) the Purchaser, as purchaser. Within 5 Business Days after execution of the Sale and Purchase Agreement, the Purchaser shall pay to the Company HK$10,000,000 as deposit (the “Deposit”) and part payment of the Consideration. The balance of the Consideration will be satisfied in telegraphic transmission or such other method as the Company may direct. The Consideration was determined after arm’s length negotiation between the Purchaser and the Company with reference to, a number of factors, including: (i) the unaudited net asset value of the Disposal Group attributable to the Company (adjusted for waiver of the Group’s inter-company loan and after deducting non- controlling interest) was approximately HK$91,179,000 as at 30 September 2014; (ii) the business of Mianning Xxx Xxxx, which is the main operation and asset of the Disposal Group and taking into account the current market situation (such as the price drop and decrease in demand of rare earth products, PRC government policies controlling the supply of rare earth raw materials, historical investment cost of Mianning Xxx Xxxx and future development cost requirements, etc.); (iii) the Debts; and (iv) the current uncertainty surrounding the rare earth industry in China. The Debts comprise of the Loan A (i.e. the debt due from Jumbo Wealth to Hondex) and the Loan B (i.e. the debt due from Jumbo Wealth to an Independent Third Party), details of which are set out as follows:
(a) The Debts were incurred by Jumbo Wealth during the financial year ended 31 March 2012 and are due for repayment on 30 June 2015. As at the date of the Sale and Purchase Agreement, the interest rate of the Loan A is 5% per annum and the Loan B is interest free.
(b) As at 30 September 2014, the outstanding principal amount of the Debts and interest accrued thereon were estimated to be approximately HK$279,345,000 in aggregate, comprising: (i) approximately HK$180,837,000, being the outstanding principal amount of the Loan A and the interest accrued thereon; and (ii) approximately RMB78,117,000 (which is equivalent to approximately HK$98,508,000), being the outstanding amount of the Loan B and the interest accrued thereon.
(c) The Company provided guarantees in favour of Jumbo Wealth under each of the Debts. In addition, under the Loan A, Hondex has the right to demand the Company to transfer a maximum of 25% equity interest in Mianning Xxx Xxxx to Hondex in the event of a default to repay the...
November 2014. The management of Ego Time Group has appointed a legal counsel to review the cases and will take all possible legal actions and collection procedures to expedite the recovery of the pending trade receivables from the contracting party and/or the ships being supplied. The management of Ego Time Group considered that certain amount of the pending trade receivables might be recovered in coming months. The final impairment losses recognized on trade receivables to be recorded by Ego Time Group for the audited consolidated financial statement for the year ending 31 December 2014 is subject to the final amount being recovered in coming months and the audit by the auditor of the Ego Time Group.
