Proposed Annual Cap definition

Proposed Annual Cap means the proposed annual caps for the period ending 31
Sample 1Sample 2Sample 3
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;
Sample 1
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
Sample 1

Examples of Proposed Annual Cap in a sentence

  • The Proposed Annual Cap (CPI Xianrong) is RMB120,000,000 (equivalent to approximately HK$141,176,000).

  • The Proposed Annual Cap (SPIC Aluminum) is RMB600,000,000 (equivalent to approximately HK$705,882,000).

  • 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.

  • 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.

  • The Further Revised Annual Caps and the Proposed Annual Cap will ensure a stable supply of raw water from the Group to respond to the increase in market demands.

  • RECOMMENDATION Having taken into account the factors and reasons as stated above, we consider that the terms of (i) the Supplemental 2019 CCT Agreements, including the Further Revised Annual Caps; and (ii) the 2021 Huangyan Water Supply Framework Agreement, including the Proposed Annual Cap, are on normal commercial terms, in the ordinary and usual course of business of the Group, fair and reasonable and in the interests of the Company and the Shareholders as a whole.

  • The Management consider that the Further Revised Annual Caps and the Proposed Annual Cap would enable the Group to respond better to such increase in demand from Huangyan Water Supply.

  • 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.

  • But Koch-Palmund, who had promised only four spades, thought that his fifth trump might be nearly as good as the queen, and jumped to 6♠.Pandemonium in the Vugraph theatre.

  • Hence, we express no opinion as to the accuracy and the actual utilisation of the Further Revised Annual Caps and Proposed Annual Cap under the Supplemental 2019 CCT Agreements and the 2021 Huangyan Water Supply Framework Agreement.


More Definitions of Proposed Annual Cap

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;
Sample 1
Proposed Annual Cap means the proposed annual caps for the two years ending 31 December 2019 in respect of the Lease
Sample 1
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
Sample 1
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
Sample 1
Proposed Annual Cap means the proposed annual caps for the period ending 31 December 2029 in respect of the Aircraft Operating Lease Agreement
Sample 1

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 2019 are RMB9,000,000, RMB12,000,000 and RMB15,000,000. 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 of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Average Annual Compensation For the purposes of this Agreement, “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, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • 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).

  • 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 actuarial 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 Participant would be entitled under the terms of the Plan assuming:

  • 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.

  • 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

  • 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.

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