ITC Property definition
Examples of ITC Property in a sentence
Pursuant to the Property Leasing Framework Agreement, the Company agreed to lease certain premises, including but not limited to (i) the ITC Property, which consists of an area of approximately 2,760.3 square metres; and (ii) the Armed Police Property, which consists of an area of approximately 12,358 square metres, from the Parent Company for the daily operation of the Company.
The leased assets under the Assets Leasing Agreement comprise the Armed Police Property, the ITC Property and the Lounge Property.
The Board announces that on 28 December 2020, the Company entered into the Property Leasing Framework Agreement with the Parent Company, pursuant to which the Company agreed to lease certain premises, including but not limited to the ITC Property and the Armed Police Property, from the Parent Company for a term of three years commencing from 1 January 2021 to 31 December 2023.
As disclosed in the 2020 Property Leasing Framework Agreement Announcement, the Company had entered into the Property Leasing Framework Agreement with the Parent Company in respect of the lease of certain premises, including but not limited to the ITC Property and the Armed Police Property, from the Parent Company for a term of three years commencing from 1 January 2021 to 31 December 2023.