Other Principal Terms Sample Clauses

Other Principal Terms. If necessary, the Company’s subsidiaries and the Member Company may enter into separate trademark licence agreements with COGTM on the same terms and conditions as set out above and subject to the Caps, and pay 1% of the its audited annual consolidated turnover for each financial year ending on 31 December 2023, 2024 and 2025 as royalty. For the avoidance of doubt, the Company shall not be liable to pay COGTM (or person designated by COGTM) in accordance with the New Trademark Licence Agreement for any royalty already paid by its subsidiaries and the Member Company under their separate trademark licence agreements and vice versa. The total royalty payable under the New Trademark Licence Agreement by the Company, its subsidiaries and the Member Company for each of the 12-month period between 1 April 2023 and 31 March 2026 shall not exceed HK$200 million. The Caps are calculated with reference to the following factors: 1. the historical amounts of the royalty paid or payable under the Previous Trademark Licence Agreement were as follows: (i) for the period from 1 April 2020 to 31 March 2021: HK$200 million; (ii) for the period from 1 April 2021 to 31 March 2022: HK$200 million; and (iii) for the period from 1 April 2022 to 31 March 2023: HK$200 million. 2. the royalty charged by other licensors for similar transactions, the prevailing market conditions and the inflation. The Shareholders should note that the Caps represent the best estimates by the Directors of the amount of the relevant transactions based on the information currently available. The Caps bear no direct relationship to, nor should they be taken to have any direct bearings on, the Group’s financial or potential financial performance. The Trademark, which has been registered as a well-known trademark in PRC, is a sought-after famous brand in PRC property market. The Board believes that it is in the best interests of the Company to enter into the New Trademark Licence Agreement as the usage of the Trademark in the Group’s businesses in PRC will promote sales volume and command more competitive pricing so as to enhance the value of its real estate developments. The Directors (including the independent non-executive Directors) are of the view that as far as the Shareholders are concerned, the New Trademark Licence Agreement (together with the Caps) has been entered into in the ordinary and usual course of the business of the Company and on normal commercial terms after arm’s length negotitations b...
Sample 1
Other Principal Terms. During the term of the Framework Agreement, the Group and Yonyou Xinfushe Group will, from time to time, enter into separate specific business contracts for each specific transaction under the Framework Agreement as necessary to set out the specific service contents and details of the transactions contemplated thereunder. The Framework Agreement shall apply to the specific business contracts (if any) entered into by the Group and Xxxxxx Xxxxxxxx Group in respect of the transactions under the Framework Agreement, and in the event of inconsistency between the contents of such specific business contracts and those of the Framework Agreement in any material aspect (including but not limited to pricing policies), the Framework Agreement shall prevail.
Sample 1
Other Principal Terms. The following is a summary of some of the other principal terms of the 2010 Management Agreement:
Sample 1
Other Principal Terms. During the effective term of the Framework Agreement, the Company and Unicredit Company and their respective subsidiaries will, from time to time, enter into separate specific business agreements for each specific transaction under the Framework Agreement as necessary to set out the specific service contents and details of the transactions contemplated thereunder. The specific business agreements entered into between the Company and Unicredit Company and their respective subsidiaries in respect of corporate information collection and processing technology services (if any) shall be consistent with the various stipulations under the Framework Agreement. In the event of inconsistency between the contents of such specific business agreements and those of the Framework Agreement in any material aspect (including but not limited to the pricing policy), the Framework Agreement shall prevail.
Sample 1
Other Principal Terms. 10 5. Information on Xxxxxx Xxx Xxxxx and Xxxxxxxxxxx. . . . . . . . . . . . . . . . . . . . . . . . . 12 6. Rationale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 7. Financial Effects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Sample 1
Other Principal Terms of the [REDACTED] Investments Basis of determination of the valuation and
Sample 1
Other Principal Terms 
Sample 1

Related to Other Principal Terms

  • Principal Terms Capitalized terms, first appearing in quotations in this Section, elsewhere in the Lease or any Exhibits, are definitions of such terms as used in the Lease and Exhibits and shall have the defined meaning whenever used.

  • Extended Terms Tenant shall have the right to extend the Term for up to five (5) consecutive renewal terms of ten (10) years each (each, an “Extended Term”), provided that (unless Landlord shall elect in its sole discretion to waive any such condition), at the time Tenant exercises a right to extend the Term, (a) no Event of Default shall have occurred and be continuing and (b) on the date of the exercise of the extension option and on the first day of each such Extended Term, there shall be a Guaranty in favor of Landlord from a Qualifying Guarantor which shall either meet the standard in clause (a) or (c) of the definition of Qualifying Guarantor or shall provide Landlord with the audited financial statement described in the last paragraph of the definition of Qualifying Guarantor to establish that it meets the criteria in clause (b) thereof to be a Qualifying Guarantor, even if such Entity is a BP Affiliate. All of the terms, covenants and provisions of this Agreement shall apply to each Extended Term (including, but without limitation, the two percent annual Minimum Rent increases provided in the definition of Minimum Rent), except that Tenant shall have no right to extend the Term beyond the expiration of the fifth Extended Term. If Tenant shall elect to exercise its option to extend the Term for any Extended Term, it shall do so by giving Landlord Notice thereof not later than eighteen (18) months prior to the commencement of the applicable Extended Term, it being understood and agreed that time shall be of the essence with respect to the giving of any such Notice. If Tenant shall fail to give any such Notice, this Agreement shall automatically terminate at the end of the Fixed Term or the applicable Extended Term, and Tenant shall have no further option to extend the Term of this Agreement. If Tenant shall give such Notice, the extension of this Agreement shall be automatically effected without the execution of any additional documents; it being understood and agreed, however, that Tenant and Landlord shall execute such documents and agreements as either party shall reasonably require to evidence the same.

  • Central Terms For Reference Only

  • Special Terms Terms defined in this Schedule 1 shall have the same meanings when used throughout this Agreement. In the event of any conflict between the terms set out in the various Schedules, the Schedules shall prevail in the order in which they appear in the Agreement. For the purposes of the provision of the Services and any Goods, the terms of this Agreement shall prevail over any other terms and conditions issued by the British Council (whether on a purchase order or otherwise).

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Initial Term Loan The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 12:00 p.m. on the Closing Date requesting that the Term Loan Lenders make the Initial Term Loan as a Base Rate Loan on such date (provided that the Borrower may request, no later than three (3) Business Days prior to the Closing Date, that the Lenders make the Initial Term Loan as a LIBOR Rate Loan if the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 5.9 of this Agreement). Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 2:00 p.m. on the Closing Date, each Term Loan Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office in immediately available funds, the amount of such Initial Term Loan to be made by such Term Loan Lender on the Closing Date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Initial Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower in writing.

  • Plural Terms All terms defined in this Agreement or any other Credit Document in the singular form shall have comparable meanings when used in the plural form and vice versa.

  • Loan Terms The Loan will be evidenced by the Note and will bear interest and be paid in accordance with the payment terms set forth in the Note.

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

  • BASIC TERMS This Article One contains the Basic Terms of this Lease between the Landlord and Tenant named below. Other Articles, Sections and Paragraphs of the Lease referred to in this Article One explain and define the Basic Terms and are to be read in conjunction with the Basic Terms.