Major Terms definition

Major Terms. If any member of TCL Corp Group so requests, the Group shall or procure its member(s) to process the Raw Materials as provided by TCL Corp Group into Semi-Finished Materials and/or Finished Goods for the relevant member(s) of TCL Corp Group in accordance with the Quality Specification, provided that: (a) the relevant member(s) of the Group considers that it has the relevant resources to meet the timeline, quality and the quantity of the relevant order placed; (b) where the relevant member(s) of TCL Corp Group requests the same kind of service from an Independent Third Party, the overall commercial terms (including charges and payment terms) offered by the relevant member(s) of the Group to TCL Corp Group shall be no more favourable than those offered by such third party; and (c) where the relevant member(s) of the Group simultaneously provides the same kind of service to an Independent Third Party, the overall commercial terms (including charges and payment terms) provided by the relevant member(s) of the Group to TCL Corp Group shall be no more favourable to TCL Corp Group than the relevant member(s) of the Group would offer to such third party. The material processing services provided by the Group shall be on a non-exclusive basis but orders placed by TCL Corp Group shall be given priority, provided that such order placed by TCL Corp Group shall be on terms no less favourable to the Group than those offered by an Independent Third Party. Processing fee and price determination: The processing fee to be charged by the Group (including the payment terms) against TCL Corp Group shall be no more favourable to TCL Corp Group than those which the Group would offer to Independent Third Parties. (Note: To ensure the processing fee to be charged by the Group (including the payment terms) against TCL Corp Group shall be no more favourable to TCL Corp Group than those which the Group would offer to Independent Third Parties, the processing fee will be determined in accordance with the pricing policy set out in the section headed “PRICING POLICY AND INTERNAL CONTROL PROCEDURES” in this announcement) Termination of Master Processing Agreement: Upon the Master Processing (2019 Renewal) Agreement becoming effective, the Master Processing Agreement will be automatically terminated. Condition precedent: The Master Processing (2019 Renewal) Agreement is conditional on and subject to compliance by the Company with all requirements of the Listing Rules in respect of the Mas...
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Examples of Major Terms in a sentence

  • Following the approval by the Agent of the Major Terms, the Borrower shall be permitted to enter into a lease to such tenant which falls within the Major Terms.

  • The creditor has an interest in the property listed below and as set out in the Major Terms and Conditions to secure performance of your obligations under the contract and the payment of money payable under the contract.

  • Major Terms of Technical Transfer Plan Schedule F: Development Plan Schedule G.

  • If the Administrative Agent shall fail to respond on behalf of the Lenders within such fifteen (15) Business Day period, then the Required Lenders shall be deemed to have consented to the proposed Major Terms Document with respect to such Major Lease.

  • The consideration payable by the NWD Group (except the Group) to the Group shall be determined in accordance with the basis set out in the section titled “Continuing Connected Transactions – Master Sales Agreement – Major Terms of the Master Sales Agreement” above.

  • With respect to each Intermediate Lease, within ten (10) Business Days after the Administrative Agent shall have received the Lease Package with respect to such Intermediate Lease, the Administrative Agent shall either consent or refuse to consent to such Major Terms Document.

  • The Summary of Major Terms and Conditions signed by the parties hereto or their Affiliates relating to the establishment of the Joint Venture.

  • If a potential licensee/distributor in a particular country agrees to different Major Terms than those offered to Licensee, Licensor agrees to provide such new Major Terms to Licensee and Licensee shall have an additional right to elect to accept such terms for such country.

  • THE ACQUISITION FRAMEWORK AGREEMENTS Major Terms of the Acquisition Framework Agreement I The major terms of the Acquisition Framework Agreement I are detailed below.

  • If the Administrative Agent shall refuse to consent to the proposed Major Terms Document, then the Administrative Agent shall promptly forward to the Borrower the reasons for such refusal in reasonable detail.

Related to Major Terms

  • Variation Notice means a written notice signed by a Shareholder (or each Shareholder in the case of a joint shareholding) under clause 8.1 in the form prescribed or approved by the Board from time to time, which may (without limitation) be combined with, or form part of, any other form or notice including an Election Form).

  • Contract Terms means the terms applicable to and set out in this Contract;

  • Mediation Notice is defined in Section 6.2(b).

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Removal Notice Date means, with respect to the Removed Accounts designated hereby, , (which shall be a date on or prior to the fifth Business Day prior to the Removal Date).