Examples of Satellite Contract in a sentence
In such event, APT (HK) shall pay the termination charges applicable to any portion of the work under the Satellite Contract, being the total direct costs incurred by the Contractor in the performance of the work prior to the termination of the Satellite Contract, including the reasonable costs properly incurred with respect to termination and settlement with vendors and subcontractors as a result of such termination, plus a 6% charges on such costs.
APT (HK) shall not have any right to terminate for convenience of the Satellite Contract in whole or in part after Launch.
As such, the Satellite Contract and the transactions contemplated thereunder are subject to Independent Shareholders’ approval at a special general meeting of the Company.
Accordingly, the Satellite Contract and the transactions contemplated thereunder also constitute a connected transaction of the Company under Chapter 14A of the Listing Rules.
APT International, CASC and their associates will be required to abstain from voting in respect of the resolution approving the Satellite Contract and the transactions contemplated thereunder.