Basis of Sample Clauses
The "Basis of" clause defines the foundational terms, assumptions, or conditions upon which an agreement or specific provision is established. In practice, this clause may specify the underlying facts, data, or representations that both parties accept as true for the purposes of the contract, such as pricing based on certain market rates or performance expectations tied to stated benchmarks. Its core function is to ensure that both parties have a clear and mutual understanding of the essential premises that support their contractual obligations, thereby reducing the risk of disputes arising from differing interpretations or unforeseen changes in circumstances.
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Basis of determination of future annual caps Sales Assistance Services Preliminary Planning Services Factors taken into account for determining above annual caps
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:
Basis of asset ownership
1. Business licenses for the legal entity, articles of association;
2. Land use right certificates, real estate ownership certificates;
3. Grant contracts of land use right;
4. Construction land planning permits, construction works planning permits and construction works commencement permits;
5. Motor vehicles license and registration certificate;
6. Contracts and invoices for acquisition of major equipment as well as relevant agreements, contracts and other documents;
7. Patent certificates;
8. Other ownership documents.
Basis of. 1 The lump sum price for the item "Sitework" Payment will cover the costs for the following.
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 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 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.
Basis of determining the issue price of the Placement Units
Basis of the Pre-sale