Examples of New Licence Agreement in a sentence
Principal business activities of the Counterparty The principal business activities of OPMSL, the licensor to the New Licence Agreement, are to render supply of general administrative and staff services to its group companies and affiliates.
Principal Terms of the New Licence Agreement The principal terms of the New Licence Agreement, among others, include: Licensor : Oriental Patron Management Services Limited, a connected person of the Company.
Xxxxx Xxx Xxxx and Xxxxx Xxxxx were materially interested in the New Licence Agreement entered into by OPISL and therefore, they had abstained from voting on the relevant Board resolutions approving, among other matters, the New Licence Agreement passed on 3 March 2016.
Renewal Option : OPMSL and OPISL covenant and agree that OPISL shall have an option to extend the term of the New Licence Agreement for remaining period commencing upon expiry or termination of the Existing Tenancy Agreement to 31 March 2017 (“Extended Licence Term”) PROVIDED that OPMSL as tenant and an independent third party as landlord enter into the New Tenancy Agreement upon expiry or termination of the Existing Tenancy Agreement.