Examples of Relevant Properties in a sentence
Subject to Chengtong Development Trading having obtained a counter-indemnity from CCHK and having entered into the Indemnity Deed with CCHK, the Company agreed to procure Chengtong Development Trading to issue the Guarantee Letter and use the Relevant Properties to provide the Guarantee to the extent of the Guaranteed Amount in support of the Property Preservation Order.
Moreover, since the provision of the Guarantee will not affect the daily use of the Relevant Properties by Chengtong Development Trading and in view of the arrangement fee receivable and the counter-indemnity from CCHK, the Directors (including the independent non-executive Directors) also consider that the terms of the Guarantee Agreement and the Indemnity Deed are fair and reasonable and in the interest of the Company and its shareholders as a whole.
Upon receiving such written request, Chengtong Coal Investment shall, within 10 business days from the issue date of such written request, apply to the Guangxi Court for the release of the Guarantee, and shall provide alternative assets in replacement of the Relevant Properties in order to facilitate the release of the Guarantee.
The Relevant Properties were acquired in 2013 at the cost of approximately RMB51 million.
INFORMATION RELATED TO THE RELEVANT PROPERTIES The Relevant Properties are currently used by Chengtong Development Trading as its office premises.