THE FINANCIAL ADVISORY AGREEMENT, THE REPAYMENT AGREEMENT AND REPAYMENT EXTENSION AGREEMENTS Sample Clauses

THE FINANCIAL ADVISORY AGREEMENT, THE REPAYMENT AGREEMENT AND REPAYMENT EXTENSION AGREEMENTS. The Financial Advisory Agreement On 1 July 2015, the Company entered into the Financial Advisory Agreement with CDI, pursuant to which CDI was engaged by the Company for the provision of advisory services on investment and the Company paid CDI escrow monies in the amount of HK$60,000,000 (the “Escrow Monies”), including (i) HK$20,000,000 in advance as advisory service fees; and (ii) HK$40,000,000 as investment funds held on trust for and on behalf of the Company. Based on the information of the Investigation Report and pursuant to the Financial Advisory Agreement, CDI introduced several potential business projects to the Company, among which the Company entered into (i) a memorandum of cooperation dated 12 June 2016 with the shareholders of a target company for the acquisition of the target company which was principally engaged in civil irradiation technology business; and (ii) a strategic cooperation agreement dated 20 March 2017 and a cooperation agreement dated 19 June 2017 for establishment of a joint venture to be engaged in irradiation technology business, details of which are set out in the announcements of the Company dated 20 March 2017, 19 June 2017 and 21 June 2017. Advisory service fees of HK$5,000,000 were incurred for CDI’s introduction of the aforesaid potential business projects to the Company. The Repayment Agreement On 19 March 2018, the Company entered into the Repayment Agreement with CDI, pursuant to which the parties acknowledged the termination of the Financial Advisory Agreement on 30 June 2016 and recognised the sum of HK$55,000,000 as balance of the Escrow Monies due and payable by CDI to the Company. Under the Repayment Agreement, CDI repaid HK$10,000,000 to the Company on 19 March 2018 and shall repay HK$45,000,000 to the Company in one year in two equal successive half-yearly instalments. The Repayment Extension Agreements On 19 September 2018, the Company entered into the First Repayment Extension Agreement with CDI, pursuant to which the repayment schedule under the Repayment Agreement was amended to the effect that CDI shall repay HK$45,000,000 in full on 19 March 2019. Save as aforesaid, all the material terms and conditions of the Repayment Agreement shall remain in full force and effect. On 20 March 2019, the Company entered into the Second Repayment Extension Agreement with CDI, pursuant to which the Company agreed to extend the repayment date of any outstanding balance of Escrow Monies to 19 June 2019. Save as aforesaid...
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Related to THE FINANCIAL ADVISORY AGREEMENT, THE REPAYMENT AGREEMENT AND REPAYMENT EXTENSION AGREEMENTS

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • Payment Agreement The agreement between you and Barracudas begins at the point where a payment is made, whether in part or full, and is when these booking conditions apply from. This agreement is with you, as the person who made the booking, and you are responsible for ensuring any parent/carer relating to this booking are aware of, and accept, these booking conditions.

  • Complete Agreement; Amendment This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements in regard thereto. This Agreement cannot be modified except by an agreement in writing signed by both parties and specifically referring to this Agreement.

  • Parent Agreement Sublessor and Sublessee acknowledge that this agreement is contingent upon Sublessor’s lease agreement with Lessor (Hereinafter referred to as “Parent Agreement”) beginning and Date ending on signed on . Date Date

  • Agreement; Amendment If either party hereto requests to amend this agreement, it shall notify the other party in writing, and the other party shall respond within one week. All amendments of this agreement must be made in writing by both parties, and such amendments shall be deemed as inseverable parts of this agreement.

  • Assignment Amendments Waiver and Contract Complete 8.1 The Contractor may neither assign nor transfer any rights or obligations under this Agreement without the prior consent of the Authority and a fully executed Assignment Agreement, executed and approved by the same parties who executed and approved this Agreement, or their successors in office. Any attempted assignment without said consent shall be void and of no effect. The Authority may assign or otherwise transfer or dispose of all or a portion of this Agreement in its sole discretion and without the consent of the Contractor. The Contractor shall execute all consents reasonably required to facilitate such assignment or other transfer.

  • Continuing Agreement This Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Credit Party Obligations (other than those obligations that expressly survive the termination of this Credit Agreement) have been paid in full and all Commitments and Letters of Credit have been terminated. Upon termination, the Credit Parties shall have no further obligations (other than those obligations that expressly survive the termination of this Credit Agreement) under the Credit Documents and the Administrative Agent shall, at the request and expense of the Borrower, deliver all the Collateral in its possession to the Borrower and release all Liens on the Collateral; provided that should any payment, in whole or in part, of the Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Credit Documents shall automatically be reinstated and all Liens of the Administrative Agent shall reattach to the Collateral and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Credit Party Obligations.

  • 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.

  • Complete Agreement; Amendments This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements with respect to such subject matter. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan Documents.

  • AGREEMENT AMENDMENTS This Agreement may be amended at any time by written instrument duly approved by the President or President's designee and accepted by Faculty Member; provided, however, no such written instrument shall be required for any increase in Faculty Member's salary or any improvement to the fringe benefits of Faculty Member's employment, or for promotion in rank, any of which may be accomplished at any time by official action of the Board of Regents of the University of Nebraska (Board) without the necessity for written modification or amendment of this Agreement. This Agreement and Appendix “A” attached hereto constitute the entire agreement between the parties. This Agreement supersedes all previous agreements between or among the parties. There are no agreements, representations or warranties between or among the parties other than those set forth in this Agreement or the documents and agreements referred to in this Agreement.

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