Annual Cap Amounts definition

Annual Cap Amounts has the meaning as defined in the paragraph “Details of the Renewal Master Concession Agreement” in this announcement “Board” board of directors of the Company
Sample 1
Annual Cap Amounts the annual maximum amounts payable to the Company under the New Tenancy Agreement for each of the three financial years ending 30 September 2020, 30 September 2021 and 30 September 2022, the amounts of which are set out in the section titled “The New Tenancy Agreement” of this announcement “associate” has the meaning ascribed thereto in Chapter 14A of the Listing Rules
Sample 1
Annual Cap Amounts the annual aggregate maximum amounts payable by the Tenant to the Landlord under the Lease Agreement for each of the 12 financial years ending 31 December 2024 as set out under the section headed “ANNUAL CAP AMOUNTS” in this announcement “Base Rent” the base rent payable by the Tenant to the Landlord under the Lease Agreement, being a sum of HK$1,320,000 per month
Sample 1

Examples of Annual Cap Amounts in a sentence

  • The Directors (including the independent non-executive Directors) consider that the Annual Cap Amounts are fair and reasonable.

  • As all of the applicable percentage ratios in respect of the Annual Cap Amounts under the 2019 Service Contracts are less than 5%, the Transactions constitute continuing connected transactions for the Company subject to announcement and reporting requirements but are exempt from the circular (including independent financial advice) and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.

  • In relation to each of (i) the supply of products by the Group and (ii) the purchase of products by the Group, the highest applicable percentage ratio in respect of each of the Annual Cap Amounts exceeds 5%.

  • As the highest of the applicable percentage ratios with respect to the Proposed Deposit Annual Cap Amounts is more than 25%, the placement of deposits under the New Financial Services Framework Agreement are subject to the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules and also constitutes a major transaction for the Company under Chapter 14 of the Listing Rules.

  • Annual Cap Amount(s) : For each of the three financial years of the Company ending 31 March 2019, 2020 and 2021, the aggregate annual amounts of rents and/or revenue commission payable by WGL Group’s Concessionaires to JBHL Group Members in relation to concession arrangements in Eligible Premises will be capped at HK$26.5 million.

  • In view of the interests of Xx. Xxxxx, Xx. Xxxxxxxxx Xxxxx and Xx. Xxxxxx Xxxxx in Fu Hop as mentioned below and that Xx. Xxxxx, Xx. Xxxxxxxxx Xxxxx and Xx. Xxxxxx Xxxxx are also directors of Fu Hop, each of them had abstained from voting in respect of the resolutions proposed at the meeting of the Board to approve the New Tenancy Agreement, the transactions contemplated thereunder and the Annual Cap Amounts.

  • INDEPENDENT BOARD COMMITTEE The Independent Board Committee consisting of Xx. Xxx Xxxxxxxx, Xx. Xxx Xxx Xx and Xx. Xxx Xxxx Xxxx Xxxxx, being independent non-executive Directors, has been established to advise the Independent Shareholders in respect of the New Framework Agreements, the Sales and Purchase Agreement of Husab Uranium Concentrates and the transactions contemplated thereunder (including the Proposed Annual Cap Amounts).

  • The Directors (including the independent non-executive Directors) consider that the New Tenancy Agreement is entered into in the ordinary and usual course of business of the Company, and are on normal commercial terms and both the terms of the New Tenancy Agreement and the Annual Cap Amounts are fair and reasonable, and the entering into of the New Tenancy Agreement is in the interest of the Company and the shareholders of the Company as a whole.

  • The Annual Cap Amounts as shown above will be adjusted based on the actual commencement of the Tenancy Agreement.

  • In light of the interests of Xx. Xxxxx, Xx. Xxxxxxxxx Xxxxx and Xx. Xxxxxx Xxxxx in Promising Realty as set out above, Xx. Xxxxx, Xx. Xxxxxxxxx Xxxxx and Xx. Xxxxxx Xxxxx had abstained from voting on the resolutions proposed at the board meeting of the Company to approve the New Tenancy Agreement and the transactions contemplated thereunder and the Annual Cap Amounts.


More Definitions of Annual Cap Amounts

Annual Cap Amounts has the meaning as defined in the paragraph “Details of the Renewal Master Hotel Services Agreement” of this announcement “Board” board of directors of the Company “Company” Harbour Centre Development Limited (stock code: 51), a 72%-owned subsidiary of Wharf REIC incorporated in Hong Kong with limited liability, the shares of which are listed on the Stock Exchange “Existing Master Hotel Services Agreement” the master hotel services agreement dated 10 November 2014 entered into between the Company and Wharf for the purpose of, inter alia, regulating various continuing connected transactions involving the provision of Hotel-related Services by the Wharf Group to the Group “Group” the Company together with its subsidiaries “Group Member(s)” the Company and its subsidiaries from time to time or any one of them
Sample 1
Annual Cap Amounts has the meaning as defined in the paragraph “Details of the Renewal Master Property Services Agreement” of this announcement “Board” board of directors of the Company “Company” or “HCDL” Harbour Centre Development Limited (stock code: 51), a 71.51%-owned subsidiary of Wharf incorporated in Hong Kong with limited liability, the shares of which are listed on the Stock Exchange “Existing Master Property Services Agreement” the master property services agreement dated 31 December 2013 entered into between the Company and Wharf for the purpose of, inter alia, regulating various continuing connected transactions involving the provision of Services by the Wharf Group to the Group “Group” the Company together with its subsidiaries “HCDL Group Member(s)” the Company and its subsidiaries from time to time or any one of them
Sample 1
Annual Cap Amounts the announcement of the Company dated 15 December 2017 in respect of, inter alia, the Existing Supply Agreement the projected maximum amount receivable or payable under the New CKHH Supply Agreement as described in the paragraph “Annual Cap Amounts” under the section headed “The New CKHH Continuing Connected Transactions” in this announcement “Board” the board of directors of the Company “CKHH” XX Xxxxxxxxx Holdings Limited, a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Main Board of the Stock Exchange (Stock Code: 1) “CKHH Group” CKHH and its subsidiaries from time to time, and the companies in which CKHH is from time to time directly or indirectly interested so as to exercise or control the exercise of 30% to 50% of the voting power at any general meeting of such companies “Company” CK Life Sciences Int’l., (Holdings) Inc., a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Main Board of the Stock Exchange (Stock Code: 0775) “connected person(s)” has the meaning ascribed to it under the Listing Rules (as may be amended from time to time)
Sample 1
Annual Cap Amounts has the same meaning as ascribed thereto in the second paragraph of the section headed “Continuing Connected Transaction” of this announcement “associate” has the same meaning as ascribed thereto in the Listing Rules
Sample 1
Annual Cap Amounts the maximum amount receivable or payable under the New Master Leasing Agreement and the New Master Purchase Agreement as described under the section headed “Annual Cap Amounts” in this announcement “CKA” CK Asset Holdings Limited (formerly known as Xxxxxx Kong Property Holdings Limited), a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Main Board of the Stock Exchange (Stock Code: 1113)
Sample 1
Annual Cap Amounts the annual aggregate management fee payable to the Group for the Management Services that may be provided by the Group under the Framework Agreement for the three years ending 31 December 2025;
Sample 1

Related to Annual Cap Amounts

  • Annual Cap means for any calendar year an amount equal to fifteen percent (15%) of the outstanding principal amount of A Bonds as of January 1 of such calendar year. The Company has the right to reserve up to one-third of this fifteen percent (15%) limit for Bonds redeemed as a result of a Bondholder’s right upon death, disability or bankruptcy as described in the Indenture.

  • Annual Caps The annual caps for the transactions under the New Procurement Agreement for each of the three years ending 31 December 2019 are RMB9,000,000, RMB12,000,000 and RMB15,000,000. Such annual caps are determined based on (i) the historical transaction value of the fabric products purchased by Haosha Industry from Haosha Garments; (ii) the prevailing market price of similar products; and (iii) the expected increase in demand for such products by Haosha Industry in the coming three years.

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Cap Amount shall have the meaning set forth in Section 2.3.10.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;

  • Maximum Distributable Amount means any maximum distributable amount relating to the Issuer and/or the Group (if any) which is determined pursuant to Article 141 of the CRD IV Directive (or, as the case may be, any provision of Danish law transposing or implementing Article 141 of the CRD IV Directive), or any successor provision thereto;

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Allocable Amounts, when used with respect to any Senior Indebtedness, means all amounts due or to become due on such Senior Indebtedness less, if applicable, any amount which would have been paid to, and retained by, the holders of such Senior Indebtedness (whether as a result of the receipt of payments by the holders of such Senior Indebtedness from the Company or any other obligor thereon or from any holders of, or trustee in respect of, other indebtedness that is subordinate and junior in right of payment to such Senior Indebtedness pursuant to any provision of such indebtedness for the payment over of amounts received on account of such indebtedness to the holders of such Senior Indebtedness or otherwise) but for the fact that such Senior Indebtedness is subordinate or junior in right of payment to (or subject to a requirement that amounts received on such Senior Indebtedness be paid over to obligees on) trade accounts payable or accrued liabilities arising in the ordinary course of business.

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Retained Percentage means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with respect to such Excess Cash Flow Period.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Available Amounts means, with respect to any Distribution Date, the sum of Available Interest and Available Principal for such Distribution Date.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Actual Contribution Percentage means, with respect to a Plan Year, the ratio (expressed as a percentage) of the sum of the amount of (a) Matching Contributions, (b) After-Tax Contributions, (c) Qualified Nonelective ESOP Contributions, and (d) Tax Deferred Contributions recharacterized as After-Tax Contributions, made on behalf of the Participant for the Plan Year to the Participant’s Testing Compensation for the Plan Year.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.