Examples of Individual Agreements in a sentence
Contract period The contract periods of the Individual Agreements with respect to Finance Leasing Service are expected to range from three to eight years, depending on the type of Leased Assets involved.
Parties (a) the Company (b) Wing Fat Printing Term From 1 January 2024 to 31 December 2024 Subject Matter Pursuant to the Procurement Framework Agreement, any members of the Wing Fat Group may enter into Individual Agreements with any members of the Group to supply printed packaging materials for pharmaceutical products, subject to the pricing principles and annual cap of the procurement amount.
If it is expected that the value of any Individual Agreements, in aggregate, will exceed the Annual Cap, the Company will take applicable steps in order to comply with the relevant requirement of the Listing Rules.
With respect to the provision of Finance Leasing Service, the Group and the relevant Nanshan Group companies will enter into separate Individual Agreements pursuant to the Finance Leasing Framework Agreement and the transactions contemplated thereunder shall be conducted on normal commercial terms or better and major terms and conditions contemplated thereunder shall be no less favourable to the Group than the same offered to Independent Third Parties for comparable finance leasing service.
The specific payment arrangements shall be stipulated in the Individual Agreements.
The independent non-executive Directors will conduct an annual review of the implementation of the continuing connected transactions in respect of the Individual Agreements.
The Individual Agreements duly executed shall remain to have full force and effect for their respective contract periods even if the Finance Leasing Framework Agreement is expired or terminated and is not renewed.
The Individual Agreements may have contract periods longer than the Effective Period.
The Company will closely monitor the effectiveness and validity of the Finance Leasing Framework Agreement and the Individual Agreements, and shall comply with the relevant requirements in accordance with the Listing Rules as and when appropriate.
Although the contract periods of the Individual Agreements are likely to be longer than the Effective Period, the Annual Caps to be approved by Independent Shareholders will limit to the aggregate transaction amounts contemplated under all Individual Agreements that can only be signed within the Effective Period of the Finance Leasing Framework Agreement.