Examples of SBC in a sentence
The Department’s registration of SBCs is not a representation of qualifications and/or abilities nor does it mean that an SBC firm is guaranteed or entitled to receive or be awarded a contract.
The applicable percentage ratios of the SBC Transactions (based on the maximum commitments of the Company under the JV Agreements and the SBC Guarantees) are more than 25% but less than 100% and thus constitute major transactions of the Company.
Being SBC registered simply means that a firm has met the criteria for SBC registration as outlined in 49 CFR Part 26.
Accordingly, the SBC Transactions and TC Transactions are subject to reporting, announcement, circular and shareholders’ approval requirements under the Listing Rules.
Pursuant to Rule 14.44 of the Listing Rules, the written approval of the Majority Shareholder is accepted in lieu of holding a general meeting for the approval of the SBC Transactions and the TC Transactions.