August 2012 Sample Clauses

August 2012. Parties: (1) APT (HK) (2) Launch Contractor 3 years from the Effective Date, save and except that APT (HK) is entitled to extend the expiry date of the term for another 2 years by serving a written notice to the Launch Contractor no later than 3 months before the expiry date of the Launch Services Contract. In the event that the Launch Period is confirmed during the aforesaid term, the Launch Services Contract shall remain valid until the services have been provided and all obligations of the parties under the Launch Services Contract are fulfilled. (1) The Launch Contractor shall provide the launch and associated services for the Satellite (the “Standard Services”) on the Launch Vehicle at the Launch Site within the Launch Period as the parties may agree within the term of the Launch Services Contract. APT (HK) is entitled to serve a written notice to the Launch Contractor within the term of the Launch Services Contract advising the Launch Period which shall be fixed by mutual agreement between the parties. Such notice shall be served no later than 18 months in advance of the first day of the Launch Period. (2) The Launch Contractor agrees to provide certain other launch-related services (the “Optional Services”), which includes without limitation, services relating to the launch vehicle and mission analysis, lease of international communication lines, medical services, transportation services and other auxiliary services as provided in the Launch Services Contract, upon the order of APT (HK). The items of the Optional Services to be ordered by APT (HK) shall be subject to the election of the satellite manufacturer. The price for the provision of the Standard Services is US$65,000,000.00 (equivalent to approximately HK$507,000,000.00), subject to the adjustment mentioned below (“Price Adjustment”). The total price for the provision of the Optional Services in aggregate shall be subject to a cap of US$2,000,000.00 (equivalent to approximately HK$15,600,000.00). The consideration for each of the Optional Services is pre-determined in the Launch Services Contract. If within 36 months from the Effective Date, the Launch Contractor offers similar launch services using Long March 3B enhanced version launch vehicle to any third parties but with better or more favourable prices as compared to that offered to APT (HK) in the Launch Services Contract, the Launch Contractor shall forthwith upon request of APT (HK) offer the same price to APT (HK) as that to the thir...