December 2027. SECTION 10: The Property
December 2027. 1a. The Partnership Agreement shall be prepared in accordance with the code of conduct established by the Commission Delegated Regulation (EU) No 240/2014. When a Member State already provides for a comprehensive partnership during the preparation of its programmes, this requirement is considered to be complied with.
December 2027. The Commission shall draw up a report in respect of the delegation of power not later than nine months before that date. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period..
December 2027. The duration of the programme is aligned to the duration of the MFF.
December 2027. The parties to this deed agree that the termination of this deed will not prevent the enforcement of the terms of this deed in relation to its period of operation.
December 2027. The duration of the Instrument is aligned to the duration of the multiannual financial framework.
December 2027. 2.10354753 October 2021 .... 8.
December 2027. 6.3 If the aggregate amount of the actual net profit (before tax, excluding extraordinary items and after elimination of inter-company transactions between TSL and NSL) of the Target Companies for the three financial year ending 31 December 2025 is greater than the Guaranteed Profit, Xx. Xxxxx shall be entitled to 50% of such difference (the “Bonus”). The amount of the Bonus shall be distributed to Xx. Xxxxx within 1 month after the issue of the audited financial statements of the Target Companies for the financial year ending 31 December 2025.
December 2027. Interest payment: The interest on the outstanding amount will be accrued from 1 January 2023, and will be payable in three installments on 31 December 2025, 2026 and 2027, at the prevailing benchmark rate for three-year RMB fixed deposit published by the China Construction Bank in PRC from time to time. Other terms and conditions: The performance of the IEC Supplemental Termination Agreement is conditional upon the approval by the Independent Shareholders at the 2023 EGM. Save as modified by the IEC Supplemental Termination Agreement, all other terms and conditions of the IEC Termination Agreement shall remain unchanged and continue in full force and effect. Governing law: The laws of the PRC. REASONS FOR AND BENEFITS OF ENTERING INTO THE IEC SUPPLEMENTAL TERMINATION AGREEMENT Having considered the recent trends of the real property market in the PRC and the current situation that the uncompleted IEC Project could not be disposed by SRF at acceptable prices, the Directors are of the view the that an extension of the repayment period for the outstanding amount of RMB347.4 million (equivalent to HK$388.9 million) would be the most commercially viable option available to the Group. The Directors do not consider that any court proceedings that may be initiated by Shirble Management Consultant against SRF in the PRC would be helpful to the Group to recover the amount due from SRF as the IEC Project has yet to be completed and that the Group is only one of the unsecured creditors of SRF. All the equity interests of SRF have been pledged to a financial institution as the collateral for its bank financing. Any court proceedings would also adversely affect the business of SRF and the construction progress of the IEC Project, trigger further claims from its other creditors and would probably require the Group to make provision for doubtful debt on the entire outstanding amount of RMB 347.4 million (equivalent to HK$388.9 million) due from SRF. In such case, the recovery of the amount due, if any, would require a long period of time and involve a high degree of uncertainty. Taking into consideration the above, the Board (other than the independent non-executive Directors who will render their view after considering the advice to be given by the Independent Financial Adviser) is of the view that the entering into the IEC Supplemental Termination Agreement is fair and reasonable and in the interest of the Company and the Shareholders as a whole.
December 2027. The Serra Húnter Programme is a programme of academic excellence that aims to promote the hiring of highly qualified teaching and research staff with merits comparable to international standards at the Catalan public universities belonging to the SHP.
