Determination of the Caps Sample Clauses

Determination of the Caps. Based on the estimated turnovers of the TTE Group for each of the three financial years ending 31 December 2006, the Directors expect that (i) the aggregate royalty payable under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$Nil, HK$Nil and HK$147 million respectively and (ii) the aggregate amount of branding fee reimbursement will not exceed HK$56 million, HK$121 million and HK$138 million respectively. The monetary limits for the agreement are determined based on (i) an increase in the projected sales of the business of its TCL A Brand and TCL B Brands TV products of the TTE Group over the next few years; (ii) the highest applicable royalty rates (i.e. 1.5% for TCL A Brand and 0.75% for TCL B Brands TV products) in case the EBIT margin will exceed the maximum 6% every year; (iii) no royalty payment shall be payable prior to the 2nd anniversary of the Closing and (iv) internal budgeting on general brand advertising costs. The increase in the projected sales is based on the expected operational synergies driven by (a) global presence advantage; (b) comprehensive product range; (c) increased R&D resources for innovation; and (d) sourcing and materials synergies driven by economies of scale following Closing.
Sample 1
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Determination of the Caps. Based on the estimated turnovers of the TTE Group for each of the three financial years ending 31 December 2006, the Directors expect that the aggregate amounts payable under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$1,595 million, HK$5,543 million and HK$10,104 million respectively. The monetary limits for the agreement are determined based on (i) projected increase in terms of expenditure in the raw materials requirement of the TTE Group following Combination (based upon the historical amount of HK$512 million paid by the Company to TCL Corp for sourcing of raw materials), and (ii) projected increase in the sales of TV products by the TTE Group, taking into consideration the expected operational synergies driven by (a) global presence advantage; (b) comprehensive product range; (c) increased R&D resources for innovation; and (d) sourcing and materials synergies driven by economies of scale.
Sample 1
Determination of the Caps. Based on the actual costs of Thomson in providing the styling services, the Directors expect that the aggregate amount of styling services fees payable under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$27 million, HK$48 million and HK$53 million respectively.
Sample 1
Determination of the Caps. According to the terms of the agreement, the annual fee payable to Thomson under the agreement is fixed at 2.85 million (approximately HK$26.8 million), subject to adjustment. Therefore, the Directors expect that the aggregate amount of services fees payable under the agreement for each of the two financial years ending 31 December 2005 will not exceed HK$13.4 million and HK$27 million respectively.
Sample 1
Determination of the Caps. The Directors expect that the aggregate amount of royalties payable under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$136 million, HK$284 million and HK$330 million respectively. The monetary limits for the agreement are determined based on the product of predetermined royalty rates applicable in different countries and the internal projection of the number of televisions manufactured by TTE over the next few years. The projection reflects an increase in the number of televisions to be manufactured and sold by TTE based on the aggregate number of televisions sold by Thomson TV Business and the Company of approximately 18.5 million in the fiscal year 2003, taking into consideration the operational synergies driven by (a) global presence advantage; (b) comprehensive product range, (c) increased R&D resources for innovation; and (d) sourcing and materials synergies driven by economies of scale following the Closing.
Sample 1
Determination of the Caps. Thomson shall, for a period of two years upon Closing, purchase trade account receivables from TTE, on a rolling basis, up to a maximum outstanding amount of 100 million (equivalent to approximately HK$940 million) to fund its working capital. Such relevant amount shall, from the 1st anniversary of the Closing, be reduced by 1/12 at the end of each month so that it shall, at the 2nd anniversary of the Closing, be zero. On the basis that Closing shall take place in June or July 2004, the Directors expect that the aggregate amount of receivables to be outstanding under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$940 million, HK$940 million and HK$470 million respectively.
Sample 1
Determination of the Caps. Based on the estimated turnovers of the TTE Group for each of the three financial years ending 31 December 2006, the Directors expect that the aggregate commission payable under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$805 million, HK$1,352 million and HK$1,418 million respectively. The monetary limits for the agreement are determined based on the Company’s (i) internal budgeting on aggregate regional sales and marketing costs of Thomson TVs; (ii) internal projection on the aggregate regional sales target of Thomson TV products in North America; (iii) projected sales for each forthcoming year will exceed pre-determined sales target and (iv) the payment of a 3% margin incentive commission after the 2nd anniversary of the Closing.
Sample 1
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Determination of the Caps. Based on the estimated turnovers of the TTE Group for each of the three financial years ending 31 December 2006, the Directors expect that the aggregate commission payable under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$798 million, HK$1,320 million and HK$1,409 million respectively. The monetary limits for the agreement are determined based on the Company’s (i) internal budgeting on the aggregate regional sales and marketing costs of Thomson TVs; (ii) internal projection on the aggregate regional sales target of Thomson TV products in the Europe, Middle East and Africa; (iii) projected sales for each forthcoming years will exceed pre-determined sales target and (iv) the payment of a 3% margin incentive commission after the 2nd anniversary of the Closing.
Sample 1
Determination of the Caps. Based on the estimated turnovers of the TTE Group in the European regions for each of the three financial years ending 31 December 2006, the Directors expect that the aggregate amounts payable for the purchase from the Angers Factory under the agreement for each of the three financial years ending 31 December 2006 will not exceed HK$1,432 million, HK$2,863 million and HK$2,863 million respectively. The monetary limits for the agreement are determined based on (i) projected sales of Angers Factory (based on the historical sales of approximately 213 million (approximately HK$2,002 million) for year 2003); and (ii) the reorganisation of the Angers Factory’s TV operation.
Sample 1

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