Proposed Annual Clause Samples

The 'Proposed Annual' clause defines the process or requirements for setting or agreeing upon annual terms, figures, or obligations within a contract. Typically, this clause outlines how parties will propose and review annual budgets, targets, or deliverables, often specifying timelines for submission and approval. Its core function is to ensure that both parties have a clear, structured method for updating and agreeing on key annual elements, thereby promoting transparency and reducing the risk of misunderstandings or disputes over yearly expectations.
Proposed Annual. Caps for referral fees receivable/received from the Midland Group: (i) the historical transaction amounts of 2018; (ii) expected level of referral fees receivable/ received from the Midland Group in respect of residential properties for the relevant periods; (iii) the possible increase in market transactions in Hong Kong residential market following the COVID-19 pandemic; and (iv) the Group’s potential business growth based on the scale, operations of the businesses and capability of the Group and opportunity to make referrals.
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Proposed Annual caps for the Master Logistics Service Supply (2017 Renewal) Agreement
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Proposed Annual caps for the Master Sale and Purchase (2019) Agreement (i) the historical amounts of the relevant transactions under the Master Sale and Purchase (2018 Renewal) Agreement; (ii) in respect of Sourcing of Goods, the possible requirement of raw materials, semi- finished materials and finished goods with respect to the projected business volumes and the estimated growth rates of the relevant business lines of the Group (which in turn are estimated by reference to, among other things, the relevant industry demand and the target market share of the Group), together with the prevailing market rate for similar raw materials, semi-finished materials and finished goods; and (iii) in respect of Sale of Goods, the relevant TCL Associates’ projected requirement of raw materials, semi-finished materials and finished goods for its operations, which is expected to increase substantially, together with the prevailing market rate for similar raw materials, semi-finished materials and finished goods. In respect of all continuing connected transactions of the Group, the Group has adopted the following internal control procedures (which are similar to those adopted by the Group for Master Sale and Purchase (2018 Renewal) Agreement and Master Lease (Tenant) (2018 Renewal) Agreement): 1. Before conducting any transactions contemplated under, or enter into any sub-contract pursuant to, an agreement for continuing connected transactions, the internal control department, legal department and finance department of the Group would review the terms of the proposed transactions and the draft sub-contract to ensure that the transactions would be conducted in accordance with the terms of the agreement and in accordance with the Company’s pricing policy. 2. For purchase of goods from the connected persons, to ensure that the transactions with connected persons are on normal commercial terms and terms no less favourable than those available from Independent Third Parties, where comparable goods are available on the market from Independent Third Parties, before requesting the connected persons to provide the goods, the purchasing department of the Group would obtain a quotation from at least two Independent Third Parties for the comparable goods and conduct an overall assessment on the terms of supply of goods. The relevant members of the Group would only engage the connected persons for the provision of the goods when, according to the results of the overall assessment by the purchasing de...
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Proposed Annual. Cap and Basis of Determination
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Proposed Annual. Caps and the Basis of Determination For the year ending 31 December 2019 2020 2021 (i) Based on the Group’s current installed capacity in operation and tariff structure, it is expected that the tariff premium receivable by the Group for each year during 2019 to 2021 will amount to approximately RMB3,500 million to RMB4,000 million; (ii) with reference to the previous conditions of the recovery of the account receivables of the tariff premium, it is expected that the Group will receive tariff premium of approximately RMB2,000 million for each year during 2019 to 2021; (iii) calculated based on the above conditions, the Group’s account receivables of tariff premium will increase by approximately RMB1,500 million to RMB2,000 million in each year during 2019 to 2021; (iv) the Group intends to carry out factoring business for the increase in account receivables of tariff premium for each year during 2019 to 2021, so as to timely reduce the balance of the account receivables of tariff premium; (v) given that the balance of the account receivables of tariff premium as at 31 December 2018 is approximately RMB6,171 million, even if the increase in the account receivable of tariff premium for each year during 2019 to 2021 was less than RMB2,000 million, the Group still could carry out factoring business for the balance of the account receivables of tariff premium as at 31 December 2018; and (vi) the business scale of Datang Factoring Company can meet the factoring demands of the Group.
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Proposed Annual. Caps for referral fees payable/paid to the IC&I Group: (i) the historical transaction amounts of 2018; (ii) expected level of referral fees payable/paid to the IC&I Group in respect of residential properties for the relevant periods; (iii) the possible increase in market transactions in Hong Kong residential market following the COVID-19 pandemic; and (iv) the Group’s potential business growth based on the scale, operations of the businesses and capability of the Group and capacity to take on referrals.
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Proposed Annual caps and basis of determination (i) the historical amounts of the leasing agreements entered into between the Group and Poly Developments and Holdings Group; (ii) the specific leasing agreements already entered into, and the expected rent to be paid to Poly Developments and Holdings Group pursuant to the relevant leasing agreements; and (iii) taking into account the needs of the Group’s business expansion, the demand of the Group for leased office spaces and other properties for the coming three years is expected to increase continuously.
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Proposed Annual. Cap Amounts
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Related to Proposed Annual

  • Scheduled RDOs on Designated Long Weekends It is recognised that there is merit in programming no work on the RDOs adjacent to public holiday weekends during the working year. This will allow Employees to have quality paid family leisure time.

  • Notice of Auction Results (a) On each Auction Date, the Auction Agent shall notify BD by telephone or other electronic means acceptable to the parties. On the Business Day next succeeding such Auction Date, the Auction Agent shall notify BD in writing of the disposition of all Orders submitted by BD in the Auction held on such Auction Date. (b) BD shall notify each Beneficial Owner, Potential Beneficial Owner, Existing Holder or Potential Holder on whose behalf BD has submitted an Order, and take such other action as is required of BD. If any Beneficial Owner or Existing Holder selling shares of any series of Preferred Shares in an Auction fails to deliver such shares, the Broker-Dealer of any Person that was to have purchased shares of any series of Preferred Shares in such Auction may deliver to such Person a number of whole shares of the series of Preferred Shares that is less than the number of shares that otherwise was to be purchased by such Person. In such event, the number of shares of the series of Preferred Shares to be so delivered shall be determined by such Broker-Dealer. Delivery of such lesser number of shares shall constitute good delivery. Upon the occurrence of any such failure to deliver shares, such Broker-Dealer shall deliver to the Auction Agent the notice required by Section 3.3(d)(ii) hereof. Notwithstanding the foregoing terms of this Section 3.4(b), any delivery or non-delivery of shares of any series of Preferred Shares which represents any departure from the results of an Auction, as determined by the Auction Agent, shall be of no effect unless and until the Auction Agent shall have been notified of such delivery or non-delivery in accordance with the terms of Section 3.3(d) hereof. The Auction Agent shall have no duty or liability with respect to enforcement of this Section 3.4(b).

  • Petition for Annual Conference Session The Local Church acknowledges that pursuant to the governing standing rules of the Annual Conference, petitions for consideration of the legislative body must be submitted to the Secretary of the Annual Conference on or before April 1 of the current Annual Conference year. The Annual Conference will make reasonable efforts to assist the Local Church in completing the required petition, which will include this Disaffiliation Agreement as an attachment thereto making it subject to public review. If the petition is not filed in a timely manner, the Parties will make good faith efforts under the standing rules of the Annual Conference to cooperate to bring the petition to the legislative floor for consideration by appropriate motions to suspend the standing rules for the purposes of considering the petition.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Election Period The period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant’s death. If a Participant separates from Service prior to the first day of the Plan Year in which age thirty-five (35) is attained, the Election Period shall begin on the date of separation, with respect to the account balance as of the date of separation.