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 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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Original Annual Caps the maximum total annual fees receivable by the Group from ▇▇. ▇▇▇▇▇’▇ Companies under the Commercial Property Operational Services Framework Agreement for each of the two years ending 31 December 2022 as set out in the Prospectus “percentage ratio” the percentage ratios under Rule 14.07 of the Listing Rules “Prospectus” the prospectus of the Company dated 14 January 2021 “Revised Annual Caps” the maximum total annual fees receivable by the Group from ▇▇. ▇▇▇▇▇’▇ Companies under the Supplemental Commercial Property Operational Services Framework Agreement for each of the two years ending 31 December 2022 as stated in the section headed “Revised Annual Caps” in this announcement “Share(s)” ordinary share(s) in the share capital of the Company with nominal value of HK$0.01 each
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Examples of Original Annual Caps in a sentence

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

  • 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.

  • Details of the Original Annual Caps and New Annual Caps are set out below.

  • The Board confirms that the Original Annual Caps for each of the two years ending 31 December 2016 and 2017 have not been exceeded as at the date of this announcement.

  • As stated in the Prospectus, the Original Annual Caps for the on-going transactions contemplated under the Vessel Chartering Framework Agreement are HK$15,360,000 and HK$3,960,000 for each of the two years ending 31 December 2016 and 2017, respectively.

  • Zhejiang Apollo Leather Products Lease Agreement 2,896,277.76 ▇▇▇▇▇▇▇ ▇▇▇▇▇ Furniture Lease Agreement 1,439,305.20 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Home Gallery Lease Agreement 2,830,464.00 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ International Lease Agreement 72,000.00 Total 7,238,046.96 The actual rental expenses of the Existing Lease Agreements for the year ended 31 December 2016 had not exceeded the Original Annual Caps.

  • Both the Company and VVLJV considered that it could provide more flexibility to the Company and VVLJV to revise the term of the Original Logistics Services Framework Agreement from three years to one year commencing from 1 April 2022 to 31 March 2023, and the change the Original Annual Caps to the Revised Annual Cap of RMB131.6 million.

  • The original annual caps and the revised annual caps for the years ending 31 December 2021, 2022 and 2023 are set out below: 2021 (RMB) 2022 (RMB) 2023 (RMB) Original Annual Caps 60,000,000 66,000,000 72,600,000 Revised Annual Caps 100,000,000 130,000,000 156,000,000 The unaudited historical transaction amounts under the Framework Vehicle Sale and Purchase Agreement for the eight months ended 31 August 2021 recorded in the management accounts of the Group was approximately RMB57,499,000.

  • The Directors therefore propose that the Original Annual Caps be revised and increased to the Revised Annual Caps, which amount to the revised aggregate annual rents and licence fees paid/payable by the Group to the East-Asia Group under the Existing Tenancy Agreements and the New Licence Agreements.

  • In the circumstances, the Original Annual Caps need to be revised to a more realistic level in light of the above.


More Definitions of Original Annual Caps

Original Annual Caps the existing maximum aggregate annual value of polysilicon materials and granular silicon to be sold by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ (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 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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Original Annual Caps the annual cap amounts in respect of the Master Leasing Agreement
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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 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 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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