Proposed Annual Cap definition

Proposed Annual Cap means the proposed annual caps for the period ending 31
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Proposed Annual Cap means the proposed annual caps for the two years ending 31 December 2019 in respect of the Lease
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Proposed Annual Cap means the proposed annual cap(s) for the three years ending 31 December 2019 in respect of the Freight Logistics Daily Connected Transactions Framework Agreement;
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Examples of Proposed Annual Cap in a sentence

  • The Financial Services Framework Agreement and the transactions under it, including the Proposed Annual Cap, shall comply with the reporting and announcement requirements, but are exempt from the circular and Independent Shareholders’ approval requirements.

  • The Independent Board Committee consisting of Xx. Xxx Xxxxxxxx, Xx. Xxx Xxx Xx and Xx. Xxx Xxxx Xxxx Xxxxx, being independent non-executive Directors, has been established to advise the Independent Shareholders in respect of the New Framework Agreements, the Sales and Purchase Agreement of Husab Uranium Concentrates and the transactions contemplated thereunder (including the Proposed Annual Cap Amounts).

  • Each of the Proposed Annual Caps for the years ending 31 December 2019 and 2020 is calculated by multiplying the Proposed Annual Cap for the previous financial year by an annual growth rate of 10%.

  • As the highest applicable percentage ratio of the Proposed Annual Cap for the transportation service fees payable by China Cargo Airlines pursuant to the Exclusive Operation Agreement exceeds 5%, the Exclusive Operation Agreement, the Exclusive Operation of Passenger Aircraft Cargo Business Continuing Connected Transactions as well as the Proposed Annual Caps are subject to the reporting, announcement, annual review and independent shareholders’ approval requirement under the Hong Kong Listing Rules.

  • As the applicable percentage ratios stipulated under Rule 14.07 of the Listing Rules in respect of the transactions contemplated under the Supplemental Agreement exceed 5%, the transactions contemplated under the Supplemental Agreement constitute Non-Exempt Continuing Connected Transactions of the Company, which, together with the Proposed Annual Cap, are subject to the reporting, announcement, annual review and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.

  • As all applicable percentage ratios in respect of the highest Proposed Annual Cap under the Master Supply Agreement are higher than 0.1% but less than 5%, the Master Supply Agreement is subject to reporting, annual review and announcement requirements but exempt from the circular (including independent financial advice) and shareholders’ approval requirements pursuant to Rule 14A.76(2) of the Listing Rules.

  • Pursuant to the New Master Agreement, the Group may provide to or receive from the Tongfang Group miscellaneous products and services as may be required to satisfy the operational needs of the Group/Tongfang Group from time to time in the ordinary course of business of the Group with a Proposed Annual Cap of RMB35 million for each of the two categories of continuing connected transactions under the New Master Agreement for the years ending 31 December 2013, 2014 and 2015.

  • The Group is of the view that the Proposed Annual Cap is in line with the development of the business of the Group, and is determined based on principles of fairness and reasonableness.

  • According to the announcement dated 23 November 2007, the Proposed Annual Cap of the sub-contracting fee payable by the Company to HannStar Taiwan for each of the three years ending 31 December 2010 is estimated to be US$63.4 million.

  • The Proposed Annual Cap in respect of the Non-exempt Continuing Connected Transactions for the year ending 31 December 2020 is RMB12,750,000,000, representing more than 10 times the Existing Annual Cap.


More Definitions of Proposed Annual Cap

Proposed Annual Cap has the meaning ascribed to it under the section headed “SUPPLEMENTAL AGREEMENT – Annual Cap” in this announcement “Shares” the shares of the Company “Shareholder(s)” holder(s) of the Shares
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Proposed Annual Cap the proposed annual cap for the transactions contemplated under the SDP Shanhai Property Framework Agreement for the period from 1 January 2024 to 31 December 2024 “Rizhao Port Group” Shandong Port Rizhao Port Group Co., Ltd.* (山東港口 日照港集團有限公司), a company incorporated in the PRC with limited liability and a controlling shareholder of the Company “RMB” Renminbi, the lawful currency of the PRC “SDP Shanhai Property” SDP Shanhai Property (Rizhao) Co., Ltd.* (山港山 海物業（日照）有限公司), a company incorporated in the PRC with limited liability and a wholly-owned subsidiary of Shandong Port Group “SDP Shanhai Property Framework Agreement” the general service (procurement) framework agreement dated 29 December 2023 entered into between the Company and SDP Shanhai Property (for itself and on behalf of its subsidiaries) “Shandong Port Group” Shandong Port Group Co., Ltd.* (山東省港口集團 有限公司), a company incorporated in the PRC with limited liability and a state-owned enterprise ultimately controlled by Shandong Provincial State-owned Assets Supervision and Administration Commission “Share(s)” share(s) of the Company, comprising the Domestic Shares and the H Shares “Shareholder(s)” the holder(s) of the Share(s)
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Proposed Annual Cap the respective maximum amounts payable under CPI Logistics Coal Supply Framework Agreement and Qinghe Coal Supply Framework Agreement for the three financial years ending 31 December 2014, 2015 and 2016
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Proposed Annual Cap means the proposed annual caps for the period ending 31 December 2029 in respect of the Aircraft Operating Lease Agreement
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Proposed Annual Cap the proposed annual cap for the supply of relevant products by the Group to the Purchasers for the each year ending 31 December 2021 under the New Master Supply Agreement;
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Proposed Annual Cap the proposed maximum annual amount of the consideration under the Supply Agreement payable by RT Mart China to Tmall Supply under the Supply Agreement for the period commencing from 31 December 2017 and ending 31 December 2018 “Share(s)” ordinary share(s) of the Company in issue “Shareholder(s)” holder(s) of share(s) of the Company
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Related to Proposed Annual Cap

  • 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.

  • 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.

  • 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.

  • 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.

  • 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;

  • 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.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • 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.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • 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.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

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

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • 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:

  • Available Amount Reference Period means, with respect to any Reference Date, the period (taken as one accounting period) commencing on April 1, 2008 and ending on the last day of the most recent fiscal quarter or fiscal year, as applicable, for which financial statements required to be delivered pursuant to Section 6.01(a) or Section 6.01(b), and the related Compliance Certificate required to be delivered pursuant to Section 6.02(a), have been delivered to the Administrative Agent.

  • 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.

  • 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.

  • 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.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Average annual payroll means the average of the annual

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • 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.

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

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

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