Basis of Sample Clauses

Basis of determination of future annual caps Determined by taking into account of the prevailing market prices for similar services in the open market and the historical charging rates during the Track Record Period after negotiations on an arm’s length basis. The relevant service fee shall be on normal commercial terms, and at prices no more favourable than those provided to our customers who are Independent Third Parties. Historical transaction Year ended 31 December Nine months ended 30 September amounts 2018 2019 2020 0000 XXX’000 XXX’000 XXX’000 XXX’000 94,073 122,136 194,331 157,895 Annual caps on future transaction Year ending 31 December 2021 2022 0000 XXX’000 XXX’000 XXX’000 188,900 245,700 298,200 Sales Assistance Services Preliminary Planning Services Factors taken into account for determining above annual caps • the historical transaction amounts during the Track Record Period; • the total construction area of Dima Group increased at a CAGR of approximately 16.0% from 2018 to 2020. As at 31 December 2020, Dima Group’s total planned construction area was approximately 17.6 million sq.m.; and • the expected increase in the number of the property projects for the three years ending 31 December 2023, with reference to (a) the growth rate of the historical transactions amounts; and (b) the business development plan of Dima Group and Affiliated Companies and our Group’s estimation on the number of new property projects of Dima Group. The year-on-year percentage change in relation to such annual caps are approximately -3%, 30% and 21% for the three years ending 31 December 2023. The decrease in the annual cap for the year ending 31 December 2021 as compared with the historical transaction amount for the year ended 31 December 2020 was based on the historical transaction amount and the relevant service agreements signed as at the date of the Master Value-added Service Agreement. Such increment for 2022 and 2023 was in-line with the increase in the total number of service agreements entered into with Dima Group and Affiliate Companies during the Track Record Period and the expected increase in the number of service agreements to be entered into in relation to the Preliminary Planning Services and Sales Assistance Services. The annual cap for Sales Assistance Services was calculated from the number of existing property projects to which we offered Sales Assistance Services, the expected number of new property projects of Dima Group and the expected Sales Assistan...
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Basis of. ACCRUAL Interest and the commitment fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, if market practice differs, in accordance with market practice) and the actual number of days elapsed.
Basis of the Pre-sale Pre-sale of the Commodity Housing has been approved by Beijing Municipal Bureau of Land Resources and Housing Administration, and the number of the Pre-sale Permit is Jxxx Xxxx Sxxx Xxxxx Zi No. (2003) 121.
Basis of determination: The annual caps under the Construction Contracting Framework Agreement for the years ending December 31, 2019 and 2020 are determined mainly with reference to: (1) the construction service fees previously paid to the Group by the Subject Companies; (2) expected project contract amount and construction progress; (3) the number of projects currently available to the Group that require construction services; and (4) new construction contracting projects expected by the Group in 2019 and 2020. In particular:
Basis of asset ownership
Basis of. 1 The lump sum price for the item "Sitework" Payment will cover the costs for the following.
Basis of determining the issue price of the Placement Units The issue price for the Placement Units will be determined and announced at a later date by the Board after obtaining the relevant approvals. The issue price for the Placement Units will be based on the 5-day volume weighted average market price (“VWAP”) of Atrium Units at a discount of not more than 10% after taking into consideration, amongst others, the prevailing market conditions and market price of the Units immediately prior to the price-fixing date. For illustrative purposes, the indicative issue price for the Placement Units is assumed to be RM1.10 per Placement Unit, which represents a discount of RM0.03 or 2.65% to the 5-day VWAP of Atrium Units up to and including 11 February 2019, being the latest practicable date prior to this announcement (“LPD”) of RM1.13.
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Basis of. Consideration The consideration under each of the Previous De Minimis Agreements was determined after arm’s length negotiations between the parties with reference to (i) the quality of the coal to be supplied and (ii) the market price of coal determined with quotations Xxxxxxx Xxxxxxxxx obtained from independent third party coal suppliers. Guarantee Suzhou GCL shall provide a guarantee of RMB500,000 to Jiangsu Zhongneng within three days upon the signing of each of the Previous De Minimis Agreements to ensure it will deliver the coal to Jiangsu Zhongneng in accordance with the Previous De Minimis Agreements or the requirements of Jiangsu Zhongneng. In the event that Suzhou GCL fails to provide all or part of the guarantee, Jiangsu Zhongneng is entitled to withhold the corresponding amount from the consideration payable to Suzhou GCL under each of the Previous De Minimis Agreements.

Related to Basis of

  • Basis of Bargain The Limited Warranty and Disclaimer and Limited Liability set forth above are fundamental elements of the basis of the agreement between PremiumSoft and you. PremiumSoft would not be able to provide the Software on an economic basis without such limitations. Such Limited Warranty and Disclaimer and Limited Liability inure to the benefit of PremiumSoft's licensors.

  • Basis of the Bargain Failure of Essential Purpose. Customer acknowledges that Exodus has set its prices and entered into this Agreement in reliance upon the limitations of liability and the disclaimers of warranties and damages set forth herein, and that the same form an essential basis of the bargain between the parties. The parties agree that the limitations and exclusions of liability and disclaimers specified in this Agreement will survive and apply even if found to have failed of their essential purpose.

  • Basis of Agreement Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

  • Basis of Accrual If the basis of accrual of interest or fees expressed in this Agreement with respect to the currency of any state that becomes a participating state shall be inconsistent with any convention or practice in the London Interbank Market or, as the case may be, the Paris Interbank Market for the basis of accrual of interest or fees in respect of the euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a participating member state; provided, that if any Loan in the currency of such state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Loan, at the end of the then current Interest Period.

  • BASIS OF CONTRACT 2.1 The Order constitutes an offer by the Customer to purchase Goods and/or Services in accordance with these Conditions.

  • BASIS OF REINSURANCE Reinsurance under this Agreement will be on the Yearly Renewable Term basis on the portion of each policy that is reinsured as described in Schedule A.

  • Basis of Settlement Unless otherwise provided, the Insurer is not liable beyond the actual cash value of the property at the time any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of like kind and quality.

  • Allocation of Risk Licensee acknowledges and agrees that each provision of this Agreement that provides for a disclaimer of warranties or an exclusion or limitation of damages represents an express allocation of risk, and is part of the consideration of this Agreement.

  • Basis of Payment The basis of payment is identified in Attachment E, Fee Schedule. Reimbursement of costs incurred under a work authorization shall be in accordance with Attachment E, Fee Schedule.

  • Basis of Computation Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day year.

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