Examples of New Master Agreement in a sentence
If a New Master Agreement entered into pursuant to this subsection replaces a then effective Master Agreement with the same or a related counterparty, each Authorized Representative is hereby severally authorized to terminate such existing Master Agreement upon the New Master Agreement becoming effective and to take any and all actions necessary to transfer any Confirmations thereunder to such New Master Agreement.
Subject to the grant by the Stock Exchange of the waiver to accept written shareholder’s approval in lieu of the requirement to hold a general meeting of the Company to approve the New Master Agreement, the Continuing Connected Transactions and the Annual Caps, no general meeting of the Company will be held for this purpose.
The Directors (including the independent non-executive Directors but excluding the Director who abstained from voting) consider that the New Master Agreement was entered into on normal commercial terms and in the ordinary and usual course of business of the Group, and that the terms of the New Master Agreement and the transactions contemplated thereunder are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.
Upon the date such transfer is effective, (i) MLCS shall be released from all obligations and liabilities arising under the Transferred Obligations; and (ii) the Transferred Obligations shall cease to be Transaction(s) under this Agreement and shall be deemed to be Transaction(s) under the New Master Agreement between the Transferee and the Trust.
The terms of the New Master Agreement were agreed upon after arm’s length negotiations between the Company and FH 1937.
Xxxxxxxx has been appointed by the Company (subject to the approval of the Independent Board Committee) as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in relation to the Project Development Agreements (including the Connected Transactions contemplated thereunder) and the New Master Agreement (including the Continuing Connected Transactions contemplated thereunder and the Annual Caps).
If a New Master Agreement entered into pursuant to this subsection replaces a then effective Master Agreement with the same or a related counterparty, each Authorized Representative is hereby severally authorized to terminate such existing Master Agreement upon the New Master Agreement becoming effective and to take and all actions necessary to transfer any Confirmations thereunder to such New Master Agreement.
Accordingly, the New Master Agreement and the transactions contemplated thereunder will constitute continuing connected transactions for the Company under the Listing Rules.
As more than one of the applicable percentage ratios in respect of the Annual Cap for the New Master Agreement exceed 0.1% but are less than 5%, the New Master Agreement and the transactions contemplated thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Pursuant to the New Master Agreement, the Group, through Partner Joy, engaged AMI as its sub-contractor for the provision of garment manufacturing services.