Tenancy Agreement A definition
Examples of Tenancy Agreement A in a sentence
Tenancy Agreement A legally binding written document which records the terms and conditions of letting, of a particular allotment(s), to an individual tenant or group.
Accordingly, the transactions contemplated under the 2021 Tenancy Agreement A constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules.
Given that the Existing CCT Agreements will expire on 31 December 2020 and the continuing connected transactions contemplated thereunder will continue on an on-going basis, on 29 December 2020, the 2021 Master Supply Agreement A, the 2021 Master Supply Agreement B, the 2021 Tenancy Agreement A and the 2021 Tenancy Agreement B were entered into by the respective parties thereto.
The Directors (including the independent non-executive Directors) are of the view that the terms of each of the 2021 Master Supply Agreement A, the 2021 Master Supply Agreement B, the 2021 Tenancy Agreement A and the 2021 Tenancy Agreement B are on normal commercial terms, in the ordinary and usual course of business of the Group and are fair and reasonable to the Group and in the interests of the Shareholders and the Group as a whole.
Details of each of the 2021 Master Supply Agreement A, the 2021 Master Supply Agreement B, the 2021 Tenancy Agreement A and the 2021 Tenancy Agreement B are set out below.
Tenancy Agreement A legally binding written document which records the terms and conditions of letting, a particular allotment or allotments, to an individual tenant or group.
Tenancy Agreement: A legally binding written document which records the terms and condition of letting of a particular allotment to an individual tenant.
As the highest applicable percentage ratio relating to the Annual Cap for the continuing connected transactions contemplated under the 2021 Tenancy Agreement A exceeds 0.1 % but is less than 5%, the continuing connected transactions under the 2021 Tenancy Agreement A are subject to the reporting, announcement and annual review requirements but exempt from circular and independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Pursuant to Rule 14.22 of the Listing Rules, the transactions contemplated under the Tenancy Agreement A, the Offer Letter of Tenancy B(2), the Offer Letter of Tenancy Renewal C, the Existing Offer Letter of Tenancy, the Existing Car Park Agreement, the Car Park Renewal Agreement and the Surrender Agreement are required to be aggregated.
Therefore, the Landlord is a connected person of the Company under the Listing Rules and the entering into of the Tenancy Agreement A, the Offer Letter of Tenancy B(2), the Offer Letter of Tenancy Renewal C, the Existing Offer Letter of Tenancy, the Existing Car Park Agreement, the Car Park Renewal Agreement and the Surrender Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules.