Annual Caps on Future Transaction Amounts Sample Clauses

Annual Caps on Future Transaction Amounts. Our Directors estimate that the transaction amounts of the Sales Transactions for the years ending 31 December 2021, 2022 and 2023 will not exceed RMB113.5 million, RMB134.1 million and RMB164.8 million, respectively. In arriving at the above annual caps, our Directors have considered the following factors which are considered to be reasonable and justifiable in the circumstances: • the historical transaction amounts between our Group and Baiyunshan Group, GPHL and their respective associates during the Track Record Period; • after completion of acquisition of entities or business such as Xxx Xxx Xxx Pharmacy, the sales business of Pharmaceutical Import & Export and the sales business of Cai Xxx Xxx by our Company from Baiyunshan Group as part of the Reorganisation, sales of raw materials, medical devices or pharmaceutical products by the aforesaid newly acquired entities or businesses to Baiyunshan Group or its associates will be recorded as our continuing connected transactions; and • the expected increase in sales of our pharmaceutical products to Baiyunshan Group, GPHL and their respective associates based on the business development of our Group. In particular, Baiyunshan Group, GPHL and their respective associates are expected to purchase more pharmaceutical products such as Chinese patent medicine and Western medicine from us for the three years ending 31 December 2023 based on their expected business plans.
Sample 1
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Annual Caps on Future Transaction Amounts. In accordance with Rule 14A.35(2) of the Listing Rules, the Company has set annual caps on the maximum sales revenue generated under the pharmaceutical, medical device and medical consumables sales framework agreement. The annual caps for the pharmaceutical, medical device and medical consumables sales framework agreement for each of 2013, 2014 and 2015 are RMB200 million, RMB260 million and RMB330 million, respectively. The annual caps are estimated with reference to (i) the expected increase in the total purchases by Xxx Xxx Hospital Group, taking into account the historical increase in the purchases by Xxx Xxx Hospital Group of at least 10% per annum between 2010 and 2012, (ii) taking a percentage of between 55% to 75% of products to be procured for Xxx Xxx Hospital Group which are expected to be sourced from Beijing Wanrong and Beijing Jiayi, taking into account the historical percentage of purchases sourced from Beijing Wanrong and Beijing Jiayi of 38% to 58% between 2010 to 2012. The estimated increase in supply to Xxx Xxx Hospital Group from Beijing Wanrong and Beijing Jiayi is primarily based on our plan to further consolidate the procurement needs of Xxx Xxx Hospital Group through our supply chain business. Listing Rule Implications Based on the annual caps that have been proposed, we expect that the highest relevant percentage ratios under the pharmaceutical, medical device and medical consumables sales framework agreement will, on an annual basis, exceed 5%. Accordingly, the transactions under the pharmaceutical, medical device and medical consumables sales framework agreement constitute continuing connected transactions of the Company subject to reporting, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. As the transactions contemplated under the pharmaceutical, medical device and medical consumables sales framework agreement described above are and will continue to be entered into in the ordinary and usual course of business of our Group on a continuing basis, the Directors are of the view that compliance with the announcement and independent Shareholders’ approval requirements would impose unnecessary administrative costs and burden to the Group and would at times be impracticable. The Joint Sponsors have applied on behalf of the Company a waiver application under Rule 14A.42(3) of the Listing Rules, and the Stock Exchange has granted a waiver from strict compliance with the announcement...
Sample 1
Annual Caps on Future Transaction Amounts. Our Directors estimate that the maximum annual fee of the Engineering Services to be provided by our Group to the Retained Group under the Engineering Services Agreement for each of the three years ending December 31, 2016 will not exceed RMB15,500,000, RMB16,000,000 and RMB16,500,000, respectively. The annual cap for the year ending December 31, 2014 for the provision of Engineering Services has been determined based on (i) a reasonable increment of the engineering service fees to be charged by our Group taking into account the expected inflation rate for the year ending December 31, 2014; and (ii) the estimated completion schedule of our engineering service contracts entered into with the Retained Group for the year ending December 31, 2014 compared to 2013. The annual caps for the two years ending December 31, 2016 for the provision of the Engineering Services have been determined based on (i) the estimated revenue amount recognized for the year ending December 31, 2014 under the Engineering Services Agreement;
Sample 1
Annual Caps on Future Transaction Amounts. Our Directors estimate that the maximum annual fee of the Pre-delivery Property Management Services to be provided to our Group by the Retained Group under the Pre-delivery Property Management Services Agreement for each of the three years ending December 31, 2016 will not exceed RMB18,980,000, RMB19,600,000 and RMB21,000,000, respectively. The annual cap for the year ending December 31, 2014 for the provision of Pre-delivery Property Management Services has been determined based on (i) the estimated pre-sale schedule of the properties developed by the Retained Group and managed by our Group; (ii) the estimated pre-sale services fee determined based on market prices; (iii) the estimated delivery schedule of those projects developed by the Retained Group and managed by us and the amount of unsold units at the pre-delivery stage; and (iv) the estimated pre-delivery service fees determined based on market price. The annual caps for the two years ending December 31, 2016 for the provision of Pre-delivery Property Management Services have been determined based on (i) the estimated revenue recognized in relation to pre-sale service and pre-delivery service for those projects developed by the Retained Group and managed by our Group for the year ending December 31, 2014; (ii) the estimated pre-sale GFA of the properties developed by the Retained Group based on the Retained Group’s development plan and managed by us for 2015 and 2016 compared to 2014; (iii) the estimated delivery GFA of the properties developed by the Retained Group based on the Retained Group’s development plan and managed by us and potential unsold portion for 2015 and 2016 compared to 2014; and (iv) a reasonable increment of the management fees to be charged by our Group taking into account the expected inflation for the three years ending December 31, 2016.
Sample 1

Related to Annual Caps on Future Transaction Amounts

  • Can I Roll Over or Transfer Amounts from Other IRAs You are allowed to “roll over” a distribution or transfer your assets from one Xxxx XXX to another without any tax liability. Rollovers between Xxxx IRAs are permitted every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. If you are single, head of household or married filing jointly, you may convert amounts from another individual retirement plan (such as a Traditional IRA) to a Xxxx XXX, there are no AGI restrictions. Mandatory required minimum distributions from Traditional IRAs, must be removed from the Traditional IRA prior to conversion. Rollover amounts (except to the extent they represent non-deductible contributions) are includable in your income and subject to tax in the year of the conversion, but such amounts are not subject to the 10% penalty tax. However, if an amount rolled over from a Traditional IRA is distributed from the Xxxx XXX before the end of the five-tax-year period that begins with the first day of the tax year in which the rollover is made, a 10% penalty tax will apply. Effective in the tax year 2008, assets may be directly rolled over (converted) from a 401(k) Plan, 403(b) Plan or a governmental 457 Plan to a Xxxx XXX. Subject to the foregoing limits, you may also directly convert a Traditional IRA to a Xxxx XXX with similar tax results. Furthermore, if you have made contributions to a Traditional IRA during the year in excess of the deductible limit, you may convert those non-deductible IRA contributions to contributions to a Xxxx XXX (assuming that you otherwise qualify to make a Xxxx XXX contribution for the year and subject to the contribution limit for a Xxxx XXX). You must report a rollover or conversion from a Traditional IRA to a Xxxx XXX by filing Form 8606 as an attachment to your federal income tax return. Beginning in 2006, you may roll over amounts from a “designated Xxxx XXX account” established under a qualified retirement plan. Xxxx XXX, Xxxx 401(k) or Xxxx 403(b) assets may only be rolled over either to another designated Xxxx Qualified account or to a Xxxx XXX. Upon distribution of employer sponsored plans the participant may roll designated Xxxx assets into a Xxxx XXX but not into a Traditional IRA. In addition, Xxxx assets cannot be rolled into a Profit-Sharing-only plan or pretax deferral-only 401(k) plan. In the event of your death, the designated beneficiary of your Xxxx 401(k) or Xxxx 403(b) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary Xxxx XXX account. Strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing any type of rollover.

  • Limitations on Shared-Loss Payment The Receiver shall not be required to make any payments pursuant to Section 2.1(d) with respect to any Foreclosure Loss, Restructuring Loss, Short Sale Loss, Deficient Loss, or Portfolio Loss that the Receiver determines, based upon the criteria set forth in this Single Family Shared-Loss Agreement (including the analysis and documentation requirements of Section 2.1(a)) or Customary Servicing Procedures, should not have been effected by the Assuming Institution; provided, however, (x) the Receiver must provide notice to the Assuming Institution detailing the grounds for not making such payment, (y) the Receiver must provide the Assuming Institution with a reasonable opportunity to cure any such deficiency and (z) (1) to the extent curable, if cured, the Receiver shall make payment with respect to the properly effected Loss, and (2) to the extent not curable, shall not constitute grounds for the Receiver to withhold payment as to all other Losses (or portion of Losses) that are properly payable pursuant to the terms of this Single Family Shared-Loss Agreement. In the event that the Receiver does not make any payment with respect to Losses claimed pursuant to Section 2.1(d), the Receiver and Assuming Institution shall, upon final resolution, make the necessary adjustments to the Monthly Shared-Loss Amount for that Monthly Certificate and the payment pursuant to Section 2.1(d) above shall be adjusted accordingly.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Treatment of Passthru Payments and Gross Proceeds The Parties are committed to work together, along with Partner Jurisdictions, to develop a practical and effective alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden.

  • Severability; Maximum Payment Amounts If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s). Notwithstanding anything to the contrary contained in this Agreement or any other Transaction Document (and without implication that the following is required or applicable), it is the intention of the parties that in no event shall amounts and value paid by the Company and/or any of its Subsidiaries (as the case may be), or payable to or received by any of the Buyers, under the Transaction Documents (including without limitation, any amounts that would be characterized as “interest” under applicable law) exceed amounts permitted under any applicable law. Accordingly, if any obligation to pay, payment made to any Buyer, or collection by any Buyer pursuant the Transaction Documents is finally judicially determined to be contrary to any such applicable law, such obligation to pay, payment or collection shall be deemed to have been made by mutual mistake of such Buyer, the Company and its Subsidiaries and such amount shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by the applicable law. Such adjustment shall be effected, to the extent necessary, by reducing or refunding, at the option of such Buyer, the amount of interest or any other amounts which would constitute unlawful amounts required to be paid or actually paid to such Buyer under the Transaction Documents. For greater certainty, to the extent that any interest, charges, fees, expenses or other amounts required to be paid to or received by such Buyer under any of the Transaction Documents or related thereto are held to be within the meaning of “interest” or another applicable term to otherwise be violative of applicable law, such amounts shall be pro-rated over the period of time to which they relate.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2019-2) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

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