Examples of New Lease Agreements in a sentence
The form of the New Lease Agreements shall have been agreed upon by the parties thereto, and the New Lease Agreements shall have been executed and delivered by all such parties.
The Directors anticipated that the highest applicable percentage ratio in respect of the aggregate amount of rentals, (if applicable) the car parking fees and (if applicable) the property management fees payable under the New Lease Agreements, the Relevant Lease Agreements and the Other Lease Agreements calculated on an aggregate and annual basis with reference to the annual caps available represent more than 5%.
In response to the growing demand for logistics services, the Directors of the Company believe that the leasing of the land and properties as stipulated in the New Lease Agreements are beneficial to the Group and assists in maintaining the Group’s sustainable growth.
The terms of the New Lease Agreements are arrived at after arm’s length negotiations between the Group and Shanghai SEEC with reference to the market rents of similar properties in the Chaoyang District, Beijing, the PRC.
The Lessee is a member of the Regal Connected Persons Group, and accordingly, the New Lease Agreements are connected transactions pursuant to Chapter 8 of the REIT Code.