Examples of Ethylene Sales Agreement in a sentence
The Company will seek independent shareholders’ approval for (i) each of the Steam Supply Agreements, each of the Port and Storage Services Agreements and the Sanjiang Chemical Ethylene Sales Agreement; and (ii) the proposed annual caps for the three years ending 31 December 2023 for the transactions contemplated under each of the Steam Supply Agreements, each of the Port and Storage Services Agreements and the Sanjiang Chemical Ethylene Sales Agreement at the EGM.
Pursuant to the Sanjiang Chemical Ethylene Sales Agreement, the selling price for ethylene shall be at a price which is the weighted average of those offered by Sanjiang Chemical to its independent customers for the relevant product of comparable quality during the same month of supply.
As Xx. Xxx is an executive Director and Xx. Xxxx is a controlling Shareholder of the Company, Jiahua Energy Chemical Co. and Xxx Xx Port are therefore associates of Xx. Xxxx and Xx. Xxx and are thus connected persons of the Company and the transactions contemplated under each of the Steam Supply Agreements and Port and Storage Services Agreements and Sanjiang Chemical Ethylene Sales Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
Xxx was interested in each of Steam Supply Agreements and Port and Storage Services Agreements and the Sanjiang Chemical Ethylene Sales Agreement and she therefore abstained from voting on the board resolutions of the Company approving each of the Steam Supply Agreements and Port and Storage Services Agreements and the Sanjiang Chemical Ethylene Sales Agreement and the transactions contemplated thereunder.
The Sanjiang Chemical Ethylene Sales Agreement shall become effective on 1 January 2021 and have a term ending on 31 December 2023 which may be renewable upon further agreement by the parties (subject to compliance with the Listing Rules).
Save as disclosed, none of the Directors had any material interest in each of the Steam Supply Agreements, Port and Storage Services Agreements and the Sanjiang Chemical Ethylene Sales Agreement and none of them were required to abstain from voting on the board resolutions of the Company in respect thereof.
Owner agrees to provide the Owner Provided Services to permit the Westlake Facilities to be operated to the maximum extent possible in an efficient manner with the Owner Facilities, but in any event in a manner that permits the Westlake Parties to comply with their obligations under the Ethylene Sales Agreement and Feedstock Supply Agreement.
This Agreement will continue in effect thereafter on an annual basis (each period after the end of the Initial Term during which this Agreement remains in effect, a “Renewal Term”) unless and until terminated at the end of either the Initial Term or any Renewal Term upon no less than 12 Months’ prior written notice; provided that the Term of this Agreement shall not be renewed unless and until the Ethylene Sales Agreement is simultaneously renewed.
The Westlake Parties agree to provide, or cause to be provided, the Westlake Provided Utilities to permit the Ethylene Assets to be operated to the maximum extent possible in an efficient manner with the Westlake Facilities, but in any event in a manner that permits Owner to comply with its obligations under the Ethylene Sales Agreement and Feedstock Supply Agreement.