Examples of Spare Parts Agreement in a sentence
According to the Holvrieka Master Sale of Tanks Agreement, the Holvrieka Master Supply of Spare Parts Agreement and the Holvrieka Management Agreement, prices payable under those agreements should be determined on an arms’ length basis and comparable to the prevailing market rates or at rates similar to those available from the Restructured Group to Independent Third Parties.
The Directors (excluding the independent non-executive Directors who have deferred their views until after considering the opinion of Xxxxxxxx) believe that the terms of the Master Procurement of Spare Parts Agreement are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Reference is made to the announcement of the Company dated 30 December 2011 and the circular of the Company dated 19 January 2012 in relation to the transactions under the Existing Master Office Services Agreement, the Existing Master Processing Services Agreement and the Existing Master Procurement of Spare Parts Agreement entered into by the Company.
The Independent Board Committee has been established to advise the Independent Shareholders in respect of the Master Procurement of Spare Parts Agreement, the continuing connected transactions contemplated thereunder and the relevant proposed annual caps.
The purpose of entering into the Master Procurement of Spare Parts Agreement is to regulate the procurement of spare parts and/or raw materials by the Group from the CIMC Group.
The Company and Burg Industries have agreed on the terms of the Holvrieka Master Sale of Tanks Agreement, the Holvrieka Supply of Spare Parts Agreement and the Holvrieka Management Agreement and propose to enter into such agreements on the date on which the Proposed Transactions are approved by the Independent Shareholders at the EGM.
The EGM will be convened on or about 7 February 2012 at which ordinary resolutions will be proposed to approve, inter alia, the Master Procurement of Spare Parts Agreement, the continuing connected transactions contemplated thereunder and the relevant proposed annual caps.
A circular containing, inter alia, particulars about the Master Procurement of Spare Parts Agreement, the continuing connected transactions contemplated thereunder and the relevant proposed annual caps, a letter from Somerley containing its advice to the Independent Board Committee and the Independent Shareholders, and the recommendations of the Independent Board Committee, together with a notice convening the EGM, will be despatched to the Shareholders on or about 17 January 2012.
The Company and CIMC have agreed on the terms of the Master Supply of Spare Parts Agreement, the Master Sale of Products Agreement, the Master Processing Services Agreement and the Master Comprehensive Services Agreement and propose to enter into such agreements on the date on which the Proposed Transactions are approved by the Independent Shareholders at the EGM.