REASONS FOR ENTERING INTO THE TENANCY AGREEMENTS Sample Clauses

REASONS FOR ENTERING INTO THE TENANCY AGREEMENTS. The Group is principally engaged in the operation of a chain of Chinese restaurants in Hong Kong that specialises in Xxxx Xxxx cuisine. Premises I are used as director’s quarters for the Group’s chairman and Premises II are used as the principal office for the Group. CCCMC is an indirect wholly-owned subsidiary of the Company and is principally engaged in providing management and consultancy services to other members of the Group. Hover City is a direct wholly-owned subsidiary of Golden Toy and is principally engaged in investment holding and property investment. Sky Global is an indirect wholly-owned subsidiary of Golden Toy and is principally engaged in property investment. In respect of Premises I, the 2024 Tenancy Agreement I was entered into by the Company as part of remuneration package to provide quarters for the executive Director and Chairman, Xx. Xxxxx Xxx Xxx. In respect of Premises II, the Group has been occupying them as the Group's principal office in Hong Kong and Premises II are located in the same building as the Group's restaurant outlet. The Tenancy Agreements was entered by the Company in the interest of the Group. The terms of the Tenancy Agreements are negotiated on an arm’s length basis and are on normal commercial terms. The Directors (including the independent non-executive Directors) consider that the Transactions contemplated under the Tenancy Agreements are in the ordinary and usual course of business of the Group, and that the terms of the Tenancy Agreements have been negotiated on an arm’s length basis and on normal commercial terms that are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.
Sample 1
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REASONS FOR ENTERING INTO THE TENANCY AGREEMENTS. The Directors (excluding the independent non-executive Directors who will express their view after receiving the advice from the independent financial adviser) are of the view that the Tenancy Agreements were entered into on normal commercial terms in the ordinary and usual course of business of the Group and in line with the Group's plan to expand its business and customer base. The Premises are currently used, and will continue to be used, by the Group as its head and branch offices for provision of securities brokerage, margin financing and commodities and futures brokerage services to customers in the surrounding areas. The terms of the Tenancy Agreements have been determined after arm's length negotiation between the parties with reference to comparable transactions and the prevailing market conditions. The Directors (excluding the independent non-executive Directors who will express their view after receiving the advice from the independent financial adviser) are of the view that the terms of the Tenancy Agreements and the annual cap in respect thereof are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Sample 1
REASONS FOR ENTERING INTO THE TENANCY AGREEMENTS. The Directors (excluding the independent non-executive Directors who will express their view after receiving the advice from the independent financial adviser) are of the view that the Tenancy Agreements were entered into on normal commercial terms and in the ordinary and usual course of business of the Group. The Premises are currently used, and will continue to be used, by the Group as its head and branch offices for provision of securities brokerage, margin financing, commodities and futures brokerage and bullion trading services to customers in the surrounding areas. The terms of the Tenancy Agreements have been determined after arm’s length negotiation between the parties with reference to the market rent as determined by an independent professional valuer appointed by the Group, comparable transactions in the vicinity and the prevailing market conditions. The Directors (excluding the independent non-executive Directors who will express their view after receiving the advice from the independent financial adviser) are of the view that the terms of the Tenancy Agreements (including the rentals which are comparable to those charged by independent third parties) and the annual cap in respect thereof are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Sample 1

Related to REASONS FOR ENTERING INTO THE TENANCY AGREEMENTS

  • CALENDAR FOR SUCCESSOR MEMORANDUM OF UNDERSTANDING In the event Union or Management desires a successor MOU, said party shall serve upon the other between April 1, 2018 and April 30, 2018, its written proposals for such successor MOU. Meet and confer sessions shall begin no later than thirty (30) calendar days following submittal of the proposals.

  • Attachment C, Standard State Provisions for Contracts and Grants Attachment C is hereby deleted in its entirety and replaced by the Attachment C December 15, 2017 attached to this Amendment. Taxes Due to the State. Contractor certifies under the pains and penalties of perjury that, as of the date this contract amendment is signed, the Contractor is in good standing with respect to, or in full compliance with a plan to pay, any and all taxes due the State of Vermont. Child Support (Applicable to natural persons only; not applicable to corporations, partnerships or LLCs). Contractor is under no obligation to pay child support or is in good standing with respect to or in full compliance with a plan to pay any and all child support payable under a support order as of the date of this amendment.

  • Indemnity for Personality Agreements Vendor agrees to indemnify and hold harmless and defend TIPS, TIPS Member(s), officers and employees, from and against all claims and suits for damages, injuries to persons (including death), property damages, losses, and expenses including court costs and attorney’s fees, arising out of, or resulting from, Vendor’s performance of this Agreement or sales made to TIPS Members under this agreement , including all such causes of action based upon common, constitutional, or statutory law, or based in whole or in part, upon allegations of negligent or intentional acts on the part of the Vendor, its officers, employees, agents, subcontractors, licensees, invitees, unless such claims are based in whole upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents. If based in part upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents, Vendor shall be responsible for their proportional share of theclaim.

  • Submission of Certified Payroll Transcripts for Public Works Contracts Only Contractors and Subcontractors on public works projects must submit monthly payroll transcripts to the Authorized User that has prepared or directs the preparation of the plans and specifications for a public works project, as set forth in the Bid Specifications. For Mini-Bid solicitations, the payroll records must be submitted to the entity preparing the agency Mini-Bid project specification. For “agency specific” Bids, the payroll records should be submitted to the entity issuing the purchase order. For all other OGS Centralized Contracts, such records should be submitted to the individual agency issuing the purchase order(s) for the work. Upon mutual agreement of the Contractor and the Authorized User, the form of submission may be submitted in a specified disk format acceptable to the Department of Labor provided: 1) the Contractor/Subcontractor retains the original records; and, (2) an original signed letter by a duly authorized individual of the Contractor or Subcontractor attesting to the truth and accuracy of the records accompanies the disk. This provision does not apply to Article 9 of the Labor Law building services contracts.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment.

  • Existing Agreements The Executive represents to the Company that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his responsibilities hereunder.

  • SUCCESSION AND BINDING AGREEMENT Except as otherwise set forth herein, all of the terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of the successors and assignees of Department and Concessionaire and binding on a Trustee in bankruptcy.

  • Change Orders and Contract Amendments 33.1 The Procuring Entity may at any time order the Supplier through notice in accordance GCC Clause 8, to make changes within the general scope of the Contract in any one or more of the following:

  • Agreement of the Parties The language used in this Agreement will be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction will be applied against any party hereto. Neither Executive nor the Company shall be entitled to any presumption in connection with any determination made hereunder in connection with any arbitration, judicial or administrative proceeding relating to or arising under this Agreement.

  • Certification Regarding Entire TIPS Agreement for Part 1 and Part 2 Contracts 5 This is a two part solicitation. Part 1 is solicited for TIPS sales that are not considered a "public work" construction project. Part 1 permits the sale of goods and non-construction/non-"public work" services such as maintenance and minor repairs. Part 2 Job Order Contract (JOC) is solicited for projects considered by your TIPS Member Customers to be a "public work" construction project. The determination of whether or not a TIPS sale amounts to a "public work" construction project requiring a Part 2 JOC contract is made by the TIPS Member Customer at the time of each TIPS sale. Thus, Vendors are encouraged to respond to both Parts 1 and 2 in case your TIPS Member Customers require that a sale be made under one Part or the other. However, responding to both Parts is not required. If Vendor responds and is awarded to both Parts, Vendor will have one contract for Part 1 and a separate contract for Part 2.

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