Basis of Sample Clauses

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 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 2021 RMB’000 RMB’000 RMB’000 RMB’000 94,073 122,136 194,331 157,895 Annual caps on future transaction Year ending 31 December 2021 2022 2023 RMB’000 RMB’000 RMB’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...
Basis of determining the issue price of the Rights Units As at the date of this announcement, the issue price has not been fixed and will be fixed at a later date by the Board. The Issue Price for the Rights Units will be fixed at a price that is deemed appropriate after taking into consideration the basis and justification as follows:
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.
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 Jing Fang Shou Zheng Zi No. (2003) 121.

Related to Basis of


  • 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 Member State shall be inconsistent with any convention or practice in the 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, with respect to any Borrowing denominated in such Currency that is outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor.

  • BASIS OF CONTRACT 1.1. The Order constitutes Buyer’s offer to Seller to purchase the Goods and/or Services and upon its acceptance by Seller the Contract shall be formed. Acceptance by Seller shall be deemed to occur on the earlier of Seller issuing a written acknowledgement of the Order or Seller doing an act consistent with fulfilling the Order. Any terms whatsoever that may be proposed by Seller in accepting Buyer's Order (including any terms which Seller purports to apply in conjunction with an acknowledgement or confirmation of the Order, a quotation, a specification, a delivery note, invoice or similar document) shall be void and of no effect unless expressly agreed by Buyer in writing.

  • 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.

  • Allocation of Risk The Trust acknowledges that the fees charged by UMBFS under this Agreement reflect the allocation of risk between the parties, including the exclusion of remedies and limitations on liability in Article IX. Modifying the allocation of risk from what is stated herein would affect the fees that UMBFS charges. Accordingly, in consideration of those fees, the Trust agrees to the stated allocation of risk.

  • 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.

  • Extent of Liability; Contribution (a) Notwithstanding anything herein to the contrary, each Borrower’s liability under this Section 5.11 shall be limited to the greater of (i) all amounts for which such Borrower is primarily liable, as described below, and (ii) such Borrower’s Allocable Amount.

  • Extent of Liability Notwithstanding anything to the contrary contained herein, with respect to the indemnification obligations of the Funds provided in this Section4.03, each Fund shall be: (i) severally, and not jointly and severally, liable with each of the other Funds; and (ii) liable only for its pro rata share of such liabilities, determined with reference to such Fund's proportionate interest in the aggregate of assets held by the Custodian in the Account with respect to which such liability relates at the time such liability was incurred, as reflected on the books and records of the Funds.