Renewal of the Ton Yi Product Purchase Framework Agreement Sample Clauses

Renewal of the Ton Yi Product Purchase Framework Agreement. The demand for the Company’s products by Xxx Xx has maintained at a high level due to the continued development and commitment of relevant products by Xxx Xx, while the Company has sufficient production capacity and raw materials for production. The Board is of the opinion that the entering into of the New Ton Yi Product Purchase Framework Agreement is beneficial in raising the proportion of domestic sales of the Company as well as product diversification, which will in turn increase the revenue and profits of the Company. The Board (including independent non-executive Directors) considers that the transactions under the Pectin Product Purchase Framework Agreement, the New Hengtong Product Purchase Framework Agreement, the New President Product Purchase Framework Agreement and the New Ton Yi Product Purchase Framework Agreement are entered in the usual and ordinary course of business of the Company, and the terms of which are fair and reasonable and in the interests of the Company and the Shareholders as a whole. In addition, the Board (including the independent non-executive Directors) considers that the proposed annual caps for each of the three years ending 31 December 2021 for the transactions under the Pectin Product Purchase Framework Agreement and the New Hengtong Product Purchase Framework Agreement and the proposed annual caps for the period commencing on 1 January 2019 and expiring on 31 December 2019 for the transactions under the New President Product Purchase Framework Agreement and the New Ton Yi Product Purchase Framework Agreement are fair and reasonable.
Sample 1
AutoNDA by SimpleDocs
Renewal of the Ton Yi Product Purchase Framework Agreement. The demand for the Company’s products of Xxx Xx has maintained at a high level due to the continued development and commitment of relevant products by Xxx Xx. At the same time, the Company has sufficient production capacity and raw materials for production. The Directors are of the opinion that entering into the New Ton Yi Product Purchase Framework Agreement is beneficial to raising the proportion of domestic sales of the Company, which will in turn increase the revenue and profits of the Company.
Sample 1

Related to Renewal of the Ton Yi Product Purchase Framework Agreement

  • TERM OF FRAMEWORK AGREEMENT The Framework Agreement shall take effect on the Commencement Date and (unless it is otherwise terminated in accordance with the terms of this Framework Agreement or it is otherwise lawfully terminated) shall terminate at the end of the Term.

  • SCOPE OF FRAMEWORK AGREEMENT 3.1 This Framework Agreement governs the relationship between the Authority and the Supplier in respect of the provision of the Services by the Supplier to the Authority and to Other Contracting Bodies.

  • Development Agreement As soon as reasonably practicable following the ISO’s selection of a transmission Short-Term Reliability Process Solution, the ISO shall tender to the Developer that proposed the selected transmission Short-Term Reliability Process Solution a draft Development Agreement, with draft appendices completed by the ISO to the extent practicable, for review and completion by the Developer. The draft Development Agreement shall be in the form of the ISO’s Commission-approved Development Agreement for its Reliability Planning Process, which is in Appendix C in Section 31.7 of Attachment Y of the ISO OATT, as amended by the ISO to reflect the Short-Term Reliability Process. The ISO and the Developer shall finalize the Development Agreement and appendices as soon as reasonably practicable after the ISO’s tendering of the draft Development Agreement. For purposes of finalizing the Development Agreement, the ISO and Developer shall develop the description and dates for the milestones necessary to develop and construct the selected project by the required in-service date identified in the STAR or Generator Deactivation Assessment, including the milestones for obtaining all necessary authorizations. Any milestone that requires action by a Connecting Transmission Owner or Affected System Operator identified pursuant to Attachment P of the ISO OATT to complete must be included as an Advisory Milestone, as that term is defined in the Development Agreement. If the ISO or the Developer determines that negotiations are at an impasse, the ISO may file the Development Agreement in unexecuted form with the Commission on its own, or following the Developer’s request in writing that the agreement be filed unexecuted. If the Development Agreement is executed by both parties, the ISO shall file the agreement with the Commission for its acceptance within ten (10) Business Days after the execution of the Development Agreement by both parties. If the Developer requests that the Development Agreement be filed unexecuted, the ISO shall file the agreement at the Commission within ten (10) Business Days of receipt of the request from the Developer. The ISO will draft, to the extent practicable, the portions of the Development Agreement and appendices that are in dispute and will provide an explanation to the Commission of any matters as to which the parties disagree. The Developer will provide in a separate filing any comments that it has on the unexecuted agreement, including any alternative positions it may have with respect to the disputed provisions. Upon the ISO’s and the Developer’s execution of the Development Agreement or the ISO’s filing of an unexecuted Development Agreement with the Commission, the ISO and the Developer shall perform their respective obligations in accordance with the terms of the Development Agreement that are not in dispute, subject to modification by the Commission. The Connecting Transmission Owner(s) and Affected System Operator(s) that are identified in Attachment P of the ISO OATT in connection with the selected transmission Short-Term Reliability Process Solution shall act in good faith in timely performing their obligations that are required for the Developer to satisfy its obligations under the Development Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.