Other payments and investments Sample Clauses

Other payments and investments. In respect of the first year of the term of the Exclusive Distribution Agreement, HSBC Life will bear an amount of up to HK$4,000,000 as sales and marketing allowance. Such amount is subject to adjustments agreed between the parties from time to time, and will be used for costs and expenses relating to all sales and marketing activities for the Bancassurance Business. For the period up to 30 November 2025, HSBC Life will bear an investment amount of up to HK$15,000,000 in connection with transformation and technology investments to be undertaken by the Company to support the Bancassurance Business as agreed between the parties.
Sample 1
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Other payments and investments. After the first year of the term of the Exclusive Distribution Agreement, HSBC Life will bear an amount up to 5% of the projected premium in respect of new products expected to be sold during each annual period, as sales and marketing allowance. Such amount is subject to adjustments agreed between the parties from time to time, and will be used for costs and expenses relating to all sales and marketing activities for the Bancassurance Business. For the period from 1 December 2025 during the term of the Exclusive Distribution Agreement, HSBC Life will bear investment amounts up to HK$2,000,000 for each calendar year, which will be prorated for partial calendar years, in connection with transformation and technology investments to be undertaken by the Company to support the Bancassurance Business as agreed between the parties. The fees and amounts under sections (a) and (b) above have been determined on an arm’s length basis.
Sample 1

Related to Other payments and investments

  • Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

  • Undue Burden and Fundamental Alteration For any technology-related requirement in this Agreement for which the District asserts an undue burden or fundamental alteration defense, such assertion may only be made by the Superintendent or by an individual designated by the Superintendent and who has budgetary authority after considering all resources available for use in the funding and operation of the service, program, or activity, and must be accompanied by a written statement of the reasons for reaching that conclusion, including the cost of meeting the requirement and the available funding and other resources. The written statement will be certified by the determining official. If such a determination is made, the certifying official will describe in the written statement how it will provide equally effective alternate access, i.e., other action that would not result in such an alteration or such burdens but would nevertheless ensure that, to the maximum extent possible, individuals with disabilities receive the same benefits or services provided by the District as their nondisabled peers.

  • Definitions and Interpretation 1.1 In this Agreement:

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • SAVINGS CLAUSE If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated and to the fullest extent permitted by applicable law.

  • MANAGEMENT RIGHTS 3.01 The Union acknowledges that all management rights and prerogatives are vested exclusively with the Employer and without limiting the generality of the foregoing; it is the exclusive function of the Employer:

  • General Provisions In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

  • Miscellaneous Provisions Section 11.01

  • Payment Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows:

  • Final Provisions Clause 16 Non-compliance with the Clauses and termination

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