Basic Consideration definition
Examples of Basic Consideration in a sentence
If, at any time, the GST Rate is increased, the Lessor may, in addition to the GST Rate, increase the Basic Consideration by the GST Adjustment Rate and such amount shall be payable in accordance with subclause 11.2(a)(ii).
Where the Basic Consideration is to be increased to account for GST pursuant to subclause 11.2, the Lessor shall in the month in which the Basic Consideration is to be paid, issue an invoice which enables the Lessee to submit a claim for a credit or refund of GST.
Value of the Basic Consideration The Boards of Sumus and Lighthouse have agreed the basis for the Merger by reference to the respective market capitalisations of Sumus and Lighthouse throughout the period of discussions between them, which commenced on 2 January 2008 and continued until 10 March 2008, being the last Business Day prior to this announcement, disregarding minor share price fluctuations during such period.
The Partial Cash Alternative will not affect the entitlements of those Scheme Shareholders who do not make Cash Elections under the Partial Cash Alternative, who will receive New Lighthouse Shares in accordance with the terms of the Basic Consideration set out above.
Where the Basic Consideration is to be increased to account for GST pursuant to this clause the Lessor shall in the month in which the Basic Consideration is to be paid, issue a Tax Invoice which enables the Lessee to submit a claim for a credit or refund of GST.
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If, at any time, the GST Rate is increased, the Lessor may, in addition to the GST Rate, increase the Basic Consideration by the GST Adjustment Rate and such amount shall be payable in accordance with paragraph 12.2(a)(ii).
The Basic Consideration shall be settled in cash by cheque or telegraphic transfer upon Completion.
Where the Basic Consideration is to be increased to account for GST pursuant to subclause 13.2, the Licensor shall in the month in which the Basic Consideration is to be paid, issue a Tax Invoice which enables the Licensee to submit a claim for a credit or refund of GST.
The Basic Consideration shall be RMB135,000,000 (equivalent to approximately HK$154,110,000), of which RMB81,000,000 (equivalent to approximately HK$92,470,000) shall be paid to Shao Jufang and RMB54,000,000 (equivalent to approximately HK$61,640,000) shall be paid to Xie Fadi.