Science City Group definition

Science City Group. Science City together with its subsidiaries but excluding the Group “Share(s)” ordinary share(s) of HK$0.10 each in the share capital of the Company “Shareholder(s)” holder(s) of the Shares
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Science City Group. Science City together with its subsidiaries but excluding the Group
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Science City Group. Science City together with its subsidiaries but excluding the Group “Sellers” Guangzhou Yufa and Guangzhou Royal, each being a seller under the respective Furniture Sales Agreements and collectively the “Sellers”
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Examples of Science City Group in a sentence

  • The Group will at its best effort further negotiate with the Science City Group for more favourable terms in order to comply with the pricing principles of the Company as disclosed above.

  • INFORMATION OF THE FURNITURE PRODUCTS A wide variety of furniture products are to be sold under the separate agreements entered into between members of the Group and members of the Science City Group pursuant to the Product Sales Agreements, such as desks, cabinets, sofa, chairs, conference table etc..

  • In addition, in order to safeguard the interests of the Company and the Shareholders as a whole, the Group has adopted the following guidelines and principles for monitoring the Decoration Services between the Group and the Science City Group, namely: • the Group maintains a trading database containing prices of its services and relevant terms and conditions of such transactions.

  • In any event, the terms on which the furniture products (together with installation and other ancillary services) sold by the Group to members of the Science City Group shall be no less favourable to the Group than those on which comparable products are sold by the Group to independent third parties or those prevailing in the market.

  • A senior management personnel in the sales department of the Group will review the prices for Decoration Services offered by the Group to the Science City Group before the entering into of individual contracts pursuant to the Master Decoration Services Agreement.

  • In the event that the prices of products (together with ancillary services) offered by the Group to the Science City Group are less favourable to the Group than those offered by the Group to independent third parties for comparable products (together with ancillary services) of similar quality, type and quantity in the trading database of the Group, the Group will not enter into the Product Sales.

  • In addition, in order to safeguard the interests of the Company and the Shareholders as a whole, the Group has adopted the following guidelines and principles for monitoring the Product Sales between the Group and the Science City Group, namely: • the Group maintains a trading database containing selling prices of its products and relevant terms and conditions of such transactions.

  • The prices of the Decoration Services to be provided by the Group to the Science City Group shall be determined with reference to the costs of the Group in providing the relevant Decoration Services plus a profit margin.

  • In the event that the prices of Decoration Services offered by the Group to the Science City Group are less favourable to the Group than those offered by the Group to independent third parties recorded in the trading database of the Group, the Group will not enter into the Decoration Services.

  • Principal terms Pursuant to the Product Sales Agreement, the Group will sell furniture products (together with installation and other ancillary services) to members of the Science City Group for their internal consumption and resale, subject to the entering into of individual contracts as agreed between the Group and the Science City Group.

Related to Science City Group

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  • Management Group means the group consisting of the directors, executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as the case may be, on the Issue Date together with (1) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Issuer or any direct or indirect parent of the Issuer, as applicable, was approved by a vote of a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable, then still in office who were either directors on the Issue Date or whose election or nomination was previously so approved and (2) executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as applicable, hired at a time when the directors on the Issue Date together with the directors so approved constituted a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable.

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