Commercial Assets definition
Examples of Commercial Assets in a sentence
Except as set forth on the Litigation Schedule, neither the ------------------- Seller (with respect to the Residual Acquired Commercial Assets) nor any of the Acquired Companies is subject to any material grievance arbitration proceedings under collective bargaining agreements or otherwise or, to the knowledge of the Seller, any governmental investigations or inquiries.
Since the highest applicable percentage ratio (as defined in the Listing Rules) exceeds 5%, the Commercial Assets Entrusted Operation Framework Agreement and the transactions contemplated thereunder are subject to the annual reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Except as set forth on the Litigation Schedule, neither the Seller (with respect to the Residual Acquired ------------------- Commercial Assets) nor any of the Acquired Companies is subject to any material judgment, injunction, order or decree of any court or other governmental agency (or settlement enforceable therein).
Given the substantial sales of assets during 2004, we have closed the non-core Affordable Housing and Commercial Assets businesses and will now report the results of managing the few remaining non-core assets in our Corporate segment.
The "Permits Schedule" --------------------------------- ---------------- attached hereto contains a listing and summary description of all material Licenses used in the conduct of the Acquired Business as presently conducted (including, without limitation, material Licenses owned or possessed by the Seller with respect to the Residual Acquired Commercial Assets and material Licenses owned or possessed by any of the Acquired Companies).
The Seller will bear any loss, -------------- liability, obligation or cost suffered by the Seller or the Purchaser as a result of the Seller's noncompliance with any provision of any bulk sales law which is applicable to the transfer of the Residual Acquired Commercial Assets pursuant to this Agreement, and the Seller will indemnify the Purchaser against any such loss, liability, obligation or cost.
As a general principle, the rent allocation and other terms of the individual entrusted operation agreement in respect of the Commercial Assets shall be on normal commercial terms, negotiated on an arm’s length basis, or on a similar basis as the Group transacts business with other independent third parties, and shall be on terms which are no less favourable to the Group than those provided to independent third parties.
The Group will pay the expenses associated with the Commercial Assets, including but not limited to expenses for the overhaul, repair, renewal, renovation and reconstruction in respect of the Commercial Assets, energy consumption expenses and insurance expenses, for and on behalf of Xinyuan Estate Group.
In this announcement, the following expressions shall, unless the context requires otherwise, have the following meanings: “Agreements” collectively, the Commercial Assets Entrusted Operation Framework Agreement and the Assets Sales Agency and Operation Services Framework Agreement “Assets Sales Agency and Operation Services” has the meaning ascribed to it under the section headed “The Continuing Connected Transactions – 2.
All time associated with eating a meal on overtime, shall be paid.