Original Annual Caps definition

Original Annual Caps the existing annual cap amounts pursuant to the 360 Master Purchase Agreement as set out in the section headed “REVISED ANNUAL CAPS UNDER THE SUPPLEMENTAL AGREEMENT” in this announcement “Prospectus” the prospectus of the Company dated 26 September 2019 “Revised Annual Caps” the revised annual cap amounts pursuant to the 360 Master Purchase Agreement (as supplemented by the Supplemental Agreement) as set out in the section headed “REVISED ANNUAL CAPS UNDER THE SUPPLEMENTAL AGREEMENT” in this announcement
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Original Annual Caps the annual caps in respect of estimated aggregate amount purchased from members of the Supplier’s Group under the Master Agreement for the financial year ended/ ending 30 April 2020, 2021 and 2022 as disclosed in the Previous Announcement;
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Original Annual Caps the original annual cap amounts for the two financial years ending 30 June 2022 and 2023 in respect of the CTFE Master Services Agreement as disclosed in the announcement of the Company dated 24 April 2020 “Revised Annual Caps” the proposed annual cap amounts for the two financial years ending 30 June 2022 and 2023 in respect of the CTFE Master Services Agreement, as supplemented by the Supplemental Agreement and as disclosed in this announcement
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Examples of Original Annual Caps in a sentence

  • The Board therefore proposes to revise the Original Annual Caps under the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement for each of the three years ending 31 December 2021, 2022 and 2023.

  • The Directors estimate that the maximum transaction value under the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement for each of the three years ending 31 December 2021, 2022 and 2023 will exceed the Original Annual Caps as disclosed in the announcement dated 16 October 2020 and the circular dated 9 November 2020.

  • As a result of the Acquisition, the Company expects that the fees payable by the Group to NWCL as a member of the NWD Group pursuant to the Master Leasing Agreement will increase and the Original Annual Caps for the two years ending 30 June 2012 will accordingly be insufficient.

  • The Company shall cooperate with Parent concerning, and shall not, except with the prior written consent of Parent, make any payment with respect to, any demands for the fair value of shares of Company Common Stock or settle or offer to settle any such demands other than by operation of law or pursuant to a final order of a court of competent jurisdiction.

  • Accordingly, the Company proposes to adopt the Revised Annual Caps in place of the Original Annual Caps.

  • ORIGINAL ANNUAL CAPS As disclosed in the announcement dated 16 October 2020 and the circular dated 9 November 2020, the Original Annual Caps (excluding VAT) for each of the three years ending 31 December 2021, 2022 and 2023 under the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement were expected to be not more than RMB432,380,000, RMB475,620,000 and RMB523,180,000, respectively.

  • The Directors therefore propose to revise the Original Annual Caps.

  • According to changes in the fuel market and estimated business performance, the Directors are of view that the Original Annual Caps will not be enough to fulfill the Group’s operation and production needs.

  • In view of the expanded scope of the CTFE Contracting Services to be covered under the CTFE Master Services Agreement, as supplemented by the Supplemental Agreement, the Board anticipates that the transaction volume contemplated thereunder will exceed the original projection and that the Original Annual Caps will not be sufficient to meet the Group’s requirements for the two financial years ending 30 June 2022 and 2023.

  • For the Master Purchase Agreement, the Group utilised approximately 97.5% of the Original Annual Caps for the year ended 31 December 2019.


More Definitions of Original Annual Caps

Original Annual Caps the annual cap amounts in respect of the Master Leasing Agreement
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Original Annual Caps the existing maximum aggregate annual value of polysilicon materials and granular silicon to be sold by Xxxxxxx Xxxxxxxxx (by itself or through its subsidiaries) to the Purchasers under the Procurement Framework Agreement as determined by the Board
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Original Annual Caps the annual maximum aggregate amounts (excluding all applicable tax) in respect of the transactions under the Original 2021-2023 Gu Jia Procurement Agreement for the three years commencing from 1 January 2021 to 31 December 2023 “Original 2021-2023 Gu Jia Procurement Agreement” the procurement agreement dated 18 December 2020 and entered into between the Company (for itself and on behalf of its subsidiaries) (as supplier) and Gu Jia Household (for itself and on behalf of its subsidiaries) (as purchaser) in relation to the sale and purchase of polyurethane foams for the three years commencing on 1 January 2021 and ending on 31 December 2023 “percentage ratios” has the meaning ascribed to it under the Listing Rules
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Original Annual Caps the annual cap amounts in respect of the Transactions as disclosed in the announcement of the Company dated 28 November 2011 “Revised Annual Caps” the revised annual cap amounts in respect of the Transactions for each of the two years ending 30 June 2014 as set out on page 2 of this announcement “Revision of Annual Caps” the revision of the Original Annual Caps for each of the two years ending 30 June 2014, respectively
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Original Annual Caps. The original annual caps of service fee under the Original Logistics Services Framework Agreement for a term not exceeding three years commencing from the date of approval by the Independent Shareholders at the SGM “Original Logistics Services Framework Agreement” the logistics services framework agreement entered into between the Company and VVLJV dated 3 December 2021 for a term not exceeding three years “Revised Annual Cap” The revised annual cap of service fee under the Original Logistics Services Framework Agreement revised by the Supplemental Logistics Services Framework Agreement for the period commencing from 1 April 2022 to 31 March 2023 “Supplemental Logistics Services Framework Agreement” The supplemental agreement dated 31 March 2022, entered into between the Company and VVLJV for the revision of the Original Logistics Services Framework Agreement in relation to the term of the provision of logistics services by VVLJV to the Company as well as from the Original Annual Caps to the Revised Annual Cap Hong Kong, 31 March 2022
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Related to Original Annual Caps

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Annual Caps The annual caps for the transactions under the New Procurement Agreement for each of the three years ending 31 December 2016 are RMB3,000,000, RMB3,800,000 and RMB4,500,000. Such annual caps are determined based on (i) the historical transaction value of the fabric products purchased by Haosha Industry from Haosha Garments; (ii) the prevailing market price of similar products; and (iii) the expected increase in demand for such products by Haosha Industry in the coming three years.

  • Annual Cap means for any calendar year an amount equal to fifteen percent (15%) of the outstanding principal amount of A Bonds as of January 1 of such calendar year. The Company has the right to reserve up to one-third of this fifteen percent (15%) limit for Bonds redeemed as a result of a Bondholder’s right upon death, disability or bankruptcy as described in the Indenture.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Average annual payroll means the average of the annual

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Total Nominal Amount means the total aggregate Nominal Amount of the Bonds outstanding at the relevant time.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Final average salary means whichever of the following is greater:

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.