Examples of Tenancy Agreement II in a sentence
There is no provision in the 2015 Tenancy Agreement II that allows the variation of the monthly rental during the term of the tenancy.
The rental deposit shall be returned to CCCMC without interest within 30 days after the expiration or early termination of the 2015 Tenancy Agreement II and the delivery of vacant possession to Sky Global in respect of Premises II or within 30 days of the settlement of the last outstanding claim by Sky Global against CCCMC in respect of any breach of non-observance or non- performance of the 2015 Tenancy Agreement II by CCCMC (whichever is later).
Upon signing of the 2015 Tenancy Agreement II, CCCMC shall pay Sky Global a sum of HK$239,936.90 as rental deposit and security for the due observance and performance by CCCMC of its obligations under the 2015 Tenancy Agreement II.
As the Group has been occupying Premises II as the Group's principal office in Hong Kong and Premises II are located in the same building as the Group's restaurant outlet, the 2015 Tenancy Agreement II was entered by the Company in the interest of the Group.
On 30 January 2012, CCCMC and Sky Global entered into the 2012 Tenancy Agreement II pursuant to which CCCMC leased from Sky Global Premises II at a monthly rental of HK$78,000.00 (exclusive of rates and management and air- conditioning fees) for a period of three years commencing from 1 February 2012.
As the Group has been occupying Premises II as the Group's principal office in Hong Kong and Premises II are located in the same building as the Group's restaurant outlet, the 2012 Tenancy Agreement II was entered by the Company in the interest of the Group.
As MMG and Minmetals Cheerglory are connected persons of the Company, the transactions contemplated under Tenancy Agreement II and Tenancy Agreement III constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules.
It is also noted that the above amounts of monthly rental under the Tenancy Agreement I and Tenancy Agreement II were arrived at after arm’s length negotiation between San Pack and San Tai/China Pacific with reference to the prevailing market conditions and the rental levels of similar properties in the vicinity of the leased premises.
The rental deposit shall be returned to CCCMC without interest within 30 days after the expiration or early termination of the 2012 Tenancy Agreement II and the delivery of vacant possession to Sky Global in respect of Premises II or within 30 days of the settlement of the last outstanding claim by Sky Global against CCCMC in respect of any breach of non-observance or non-performance of the 2012 Tenancy Agreement II by CCCMC (whichever is later).
Pursuant to Rule 14A.76(2) of the Listing Rules, the transactions contemplated under Tenancy Agreement II and Tenancy Agreement III are subject to the reporting and announcement requirements but exempt from circular (including independent financial advice) and independent shareholders’ approval requirements.