General Business Services definition
Examples of General Business Services in a sentence
Basis for the provision of services: The relevant member(s) of the HCCG Group (or its/their agents (including property manager(s)) will enter into Subsidiary Agreement(s) with the relevant member(s) of the Synergis Group to appoint such relevant member(s) of the Synergis Group to provide the General Business Services under the General Business Services Agreement.
The HCCG Group may from time to time during the term of the General Business Services Agreement in the ordinary and usual course of business require the Synergis Group to provide General Business Services.
Accordingly, the transactions contemplated under the General Business Services Master Agreement, which was entered into between the Company and ▇▇▇.
He has abstained from voting on the relevant resolutions at the Board meetings in which the General Business Services Master Agreement and the transactions contemplated thereunder were considered.
The Annual Caps under the General Business Services Master Agreement for the period from 8 September 2017 to 31 December 2017 and each of two years ending 31 December 2018 and 2019 are as follows: 8/9/2017 – 31/12/2017 5,700 1/1/2018 – 31/12/2018 11,800 1/1/2019 – 31/12/2019 10,000 The Annual Caps of the Services were arrived at with reference to, amongst other things, (i) the historical fees paid by ▇▇▇.
Details of the General Business Services Agreement set out in this joint announcement will also be included in the annual reports and accounts of both HCCG and Synergis in accordance with Rule 14A.46 of the Listing Rules and are subject to annual review requirements under Rules 14A.37 to 14A.40 of the Listing Rules.
Reference is made to the joint announcements dated 10 December 2009 and 10 February 2011 respectively in connection with the General Business Services Agreement dated 10 December 2009 and entered into between HCCG and Synergis (which was supplemented by the Supplemental Agreement dated 10 February 2011).
The Directors (including independent non-executive Directors) are of the view that the continuing connected transactions and the Annual Caps to the General Business Services Master Agreement are in the interests of the Group and the Shareholders as a whole.
General Business Services of Indian Employees and Indian Transferred Assets The Service Provider will provide Transition Services for the benefit of the Service Recipient.
The Directors (including Independent Non-executive Directors) consider that the terms of the General Business Services Master Agreement (including the Annual Caps) and the transactions contemplated thereunder are (i) in the ordinary and usual course of business of the Group; (ii) on normal commercial terms (an arm’s length basis) or on terms no less favourable than terms available to Independent Third Parties; and (iii) fair and reasonable.