CONNECTION BETWEEN THE PARTIES Sample Clauses

CONNECTION BETWEEN THE PARTIES. The Company confirms that, to the best of the directors’ knowledge, information and belief having made all reasonable enquiry, the Purchaser and its beneficial owners are independent third parties not connected with the Company, any directors, chief executive officer or substantial shareholders of the Company or any of its subsidiaries or their respective associates. INFORMATION FOR SHAREHOLDERS The Company and its subsidiaries are principally engaged in watch trading. For the Company, the Agreement is a discloseable transaction under the Listing Rules. By order of the Board Xxxxx Xxxx Xxx Chairman Hong Kong, 20th July, 2012
Sample 1
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CONNECTION BETWEEN THE PARTIES. Xx. Xxxxx is an executive director, the chairman and a substantial shareholder of the Company. Xx. Xxxx is an executive director of the Company. Xx. Xxxx has 6% interest in Real Champ Limited, which is the beneficial owner of 20% of the issued share capital of Datsun Holdings Limited, who holds 127,776,000 shares of the Company, representing about 22.39% of its issued share capital.
Sample 1
CONNECTION BETWEEN THE PARTIES. The Landlord is a wholly owned subsidiary of YCS, a substantial shareholder holding about 60.84% of the issued share capital of the Company. None of the Directors has any interest in the share capital of YCS. LISTING RULES REQUIREMENTS The Agreements constitute connected transactions of the Company exempt from Shareholders’ approval requirement under Rule 14A.76(2)(a) of the Listing Rules as all the applicable percentage ratios (as defined in Rule 14.04(9) of the Listing Rules) based on the total value of the right of use assets under the Agreements according to HKFRS 16 are less than 5%.
Sample 1
CONNECTION BETWEEN THE PARTIES. The Landlord is a wholly owned subsidiary of YCS, a controlling shareholder holding about 60.70% of the issued share capital of the Company. Xx. Xxxxx Xx Xxxxx, an executive director, is the son of Xx. Xxxxx Bing Xxxxx, Xxxxxxx, who and other members of his family control YCS. Xx. Xxxxx Xx Xxxxx has abstained from voting on the board resolutions approving the Agreements. Save as aforesaid, none of the Directors has any interest in the share capital of YCS. CAPS The annual caps for the Agreements for the three years ending 31 March 2022 respectively set by the Company pursuant to Rule 14A.53 of the Listing Rules are as follows: For the year ending 31 March 2020 ($) 2021 ($) 2022 ($) Tenancy Agreements 12,843,740 13,200,780 4,977,606 Licence Agreement 305,760 305,760 114,249 Total 13,149,500 13,506,540 5,091,855 These caps were arrived at with reference to the rent, management fees and air-conditioning charges in respect of the Properties and the monthly licence fee under the terms of the Agreements (and the terms of the Existing Agreements for the period from 1 April 2019 to 15 August 2019), taking into account an estimated possible annual increase of 10% in management fees and air-conditioning charges in respect of the Properties in each of the two years ending 31 March 2022 respectively. The Directors (including the independent non-executive Directors) consider the caps are fair and reasonable. LISTING RULES REQUIREMENTS The Agreements constitute continuing connected transactions of the Company exempt from Shareholders’ approval requirement under Rule 14A.76(2)(a) of the Listing Rules as all the percentage ratios (other than the profit ratio) (such ratios as defined in Rule 14.07 of the Listing Rules) based on the total maximum annual consideration of $13,506,540 payable under the Agreements to the Landlord are less than 5%.
Sample 1
CONNECTION BETWEEN THE PARTIES. Jusco HK is a non-wholly owned subsidiary of Co., Ltd. (formerly known as Jusco Co., Ltd.). Co., Ltd. is a substantial shareholder of the Company indirectly interested in approximately 66.2% of the issued share capital of the Company. Jusco HK is therefore a connected person of the Company and the transaction with Jusco HK constitutes a connected transaction for the Company under the Listing Rules.
Sample 1

Related to CONNECTION BETWEEN THE PARTIES

  • Cooperation Between the Parties The College and UFE shall supply each other with requested information reasonably needed to facilitate the processing of the grievance. Meetings to discuss any grievance shall be scheduled at mutually convenient times.

  • COMMUNICATION BETWEEN THE PARTIES A copy of all communications relating to the subject matter of this Agreement between the Issuer, the Guarantor and the Noteholders or Couponholders and any of the Paying Agents (other than the Agent) shall be sent to the Agent by the other relevant Paying Agent.

  • COMMUNICATIONS BETWEEN THE PARTIES A copy of all communications relating to the subject matter of this Agreement between the Issuer and any Paying Agent (other than the Agent) shall be sent to the Agent.

  • Consultation Between the Parties ALPS and the Trust shall regularly consult with each other regarding ALPS’ performance of its obligations under this Agreement. In connection therewith, the Trust shall submit to ALPS at a reasonable time in advance of filing with the SEC reasonably final copies of any amended or supplemented registration statement (including exhibits) under the 1933 Act and the 1940 Act; provided, however, that nothing contained in this Agreement shall in any way limit the Trust’s right to file at any time such amendments to any registration statement and/or supplements to any prospectus or statement of additional information, of whatever character, as the Trust may deem advisable, such right being in all respects absolute and unconditional.

  • Relationship between the Parties A Party is not by virtue of this Agreement the employee, agent or partner of the other Party and is not authorised to bind or represent the other Party.

  • Disputes between the Parties Any dispute between the Parties in connection with this Agreement shall be resolved by arbitration in accordance with the procedures set forth in Exhibit B; provided, however, that either Party may seek a restraining order, temporary injunction, or other provisional relief in any court with jurisdiction over the subject matter of the dispute and sitting in Houston, Texas, if such Party in its sole judgment believes that such action is necessary to avoid irreparable injury or to preserve the status quo ante.

  • Settlement of Disputes between the Parties 1. Any dispute between the Parties concerning the interpretation or application of this Chapter shall, as far as possible, be settled with consultation through diplomatic channel. 2. If a dispute cannot thus be settled within 6 months, it shall, upon the request of either Party, be submitted to an ad hoc arbitral tribunal. 3. Such tribunal comprises of 3 arbitrators. Within 2 months of the receipt of the written notice requesting arbitration, each Party shall appoint one arbitrator. Those 2 arbitrators shall, within further 2 months, together select a national of a third State having diplomatic relations with both Parties who, upon approval by the Parties, shall be appointed as Chairman of the arbitral tribunal. 4. If the arbitral tribunal has not been constituted within 4 months from the receipt of the written notice requesting arbitration, either Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Party or is otherwise prevented from discharging the said functions, the Member of the International Court of Justice next in seniority who is not a national of either Party or is not otherwise prevented from discharging the said functions shall be invited to make such necessary appointments. 5. The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its award in accordance with the provisions of this Agreement and the principles of international law recognized by both Parties. 6. The arbitral tribunal shall reach its award by a majority of votes. Such award shall be final and binding upon both Parties. The arbitral tribunal shall, upon the request of either Party, explain the reasons of its award. 7. Each Party shall bear the costs of its appointed arbitrator and of its representation in arbitral proceedings. The relevant costs of the Chairman and tribunal shall be borne in equal parts by the Parties.

  • Disputes between the Contracting Parties 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled through negotiation.

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels.

  • ASSUMPTION OF RISKS; CLAIMS BETWEEN THE PARTIES Contractor assumes sole responsibility and all risks of personal injury or property damage to itself and its employees and agents in connection with its operations under this Master Contract. Enterprise Services has made no representations regarding any factor affecting Contractor’s risks. Contractor shall pay for all damage to any Purchaser’s property resulting directly or indirectly from its acts or omissions under this Master Contract, even if not attributable to negligence by Contractor or its agents.

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