New Lease Agreements. Seller and Purchaser will execute at Closing a triple-net lease agreement for each of those Banking Centers listed on Schedule 6.23 (the “New Real Property Leases”), at the per square foot rental rate and for the term specified on such Schedule. The form of the lease agreement to be used for each lease is attached hereto as Exhibit 6.23. Seller and Purchaser hereby agree to negotiate and execute each New Real Property Lease to be effective as of the Effective Time. For purposes of this Agreement, the Banking Centers listed on Schedule 6.23 will not be deemed to be Real Property.
New Lease Agreements. Date : 26 February 2019 Parties : Tenant: Parkson Retail Development Co., Ltd.*（ 百 盛商業發展有限公司）, an indirect wholly-owned subsidiary of the Company, as tenant Landlord: China National Arts and Crafts Group Company Limited*（ 中國工藝美術集團有限公司）as landlord Relevant Premises : Underground Floor, the 1st Floor, 2nd Floor, 3rd Floor, 4th Floor, part of 5th Floor, 6th Floor, 7th Floor of the Museum, the 1st, 2nd and the 3rd floors of Xu Room and mezzanine at the east side outside the north gate of the Museum, the area outside the south gate of Xu Room at first floor of the Museum, and store rooms D1-002 and D1-007 of the underground of the Museum, and the area under the rain canopy（雨搭下場地）outside the east gate at the first floor of the south side of the Building (“Properties”). Total gross area : approximately 23,887.23 sq. m Term : 1 January 2019 to 30 November 2028 (New Lease Agreements (1), (2), (4) and (6))
New Lease Agreements. On 23 August 2018, the Company entered into the New Lease Agreement I and New Lease Agreement II with Xxxxxxxx Xxxxxx, a wholly-owned subsidiary of Shanshan, in relation to the leasing of certain properties in Suqian, the PRC, by the Company for warehouse and dormitory use. On 23 August 2018, Lubiam Apparel, a non-wholly owned subsidiary of the Company, entered into the New Lease Agreement III with Xxxxxxxx in relation to the leasing of certain property in Ningbo, the PRC, by Lubiam Apparel for office use. The Previous Lease Agreement I entered into between Lubiam Apparel and Xxxxxxxx prior to the Listing was also terminated and superseded by the New Lease Agreement III with effect from 31 August 2018. The principal terms of the New Lease Agreements are set out below: New lease Term of the lease Maximum annual rent Use of agreement Date Parties Location of property Area of property agreement payable Payment schedule Property Historical transaction amount New Lease Agreement I 23 August 2018 Xxxxxxxx Xxxxxx (as the landlord); and the Company (as the tenant). Building B (13,843.72 sq.m.), Building C (13,843.72 sq.m.) and Building F (9,182.5 sq.m.), Xx. 000 Xxxxxxx Xxxx, Xxxxxxxx xxx Xxxxxxxxxxxxx Xxxxxxxxxxx Xxxx, Xxxxxx, xxx XXX. 36,869.94 sq.m. Three years commencing on 1 September 2018 and ending on 31 August 2021. RMB3,495,270 (based on unit price of RMB7.9 per sq.m. per month).
New Lease Agreements. The Group has also entered into certain New Lease Agreements with the BYD Group. A summary of the principal terms of the New Lease Agreements is set out below.
New Lease Agreements. On 22 December 2016, Beijing Haichenruian entered into Lease Agreement I with Beijing Jianxianghemu in relation to the leasing of specified parts of the Leased Property to Beijing Jianxianghemu for a term of 3 years from 1 January 2017 to 31 December 2019. On 24 December 2016, Beijing Haichenruian entered into Lease Agreement II with Inner Mongolia Bigvet Biotech in relation to the leasing of specified parts of the Leased Property to Inner Mongolia Bigvet Biotech for a term of 3 years from 1 January 2017 to 31 December 2019. On 26 December 2016, Beijing Haichenruian entered into Lease Agreement III with Beijing Healthcare in relation to the leasing of specified parts of the Leased Property to Beijing Healthcare for a term of 3 years from 1 January 2017 to 31 December 2019. On 26 December 2016, Beijing Haichenruian entered into Lease Agreement IV with Shanxi Longkeer in relation to the leasing of specified parts of the Leased Property to Xxxxxx Xxxxxxxx for a term of 3 years from 1 January 2017 to 31 December 2019. As at the date of this announcement, Xx. Xx is a controlling Shareholder of the Company and Xx. Xxxx is a controlling Shareholder, the chairman, chief executive officer and executive Director of the Company. Beijing Haichenruian is 75% owned by Xx. Xx and 25% owned by Xx. Xxxx. As such, Beijing Haichenruian is regarded as an associate of Xx. Xx and Xx. Xxxx and hence a connected person of the Company under Chapter 14A of the Listing Rules. Accordingly, the Lease Agreements and the transactions contemplated thereunder constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 of the Listing Rules and having considered that the subject matters of the Lease Agreements are of the same nature and with the same counter party, namely, Beijing Haichenruian, the transactions under all the Lease Agreements should be aggregated. It is anticipated that the aggregated annual caps for each of the three years ending 31 December 2017, 31 December 2018 and 31 December 2019 are approximately RMB4,600,000.00. As all applicable percentage ratios (as defined under Rule 14A.77 of the Listing Rules) after aggregation exceed 0.1% but are less than 5%, the transactions contemplated under the Lease Agreements after aggregation are only subject to the annual review, reporting and announcement requirements and are exempted from the independent shareholders’ approval requirement under Chapter 14A of the Listin...
New Lease Agreements. 22 7.8 Schedules To Be Agreed ......................................... 22 ARTICLE VIII -- CONDITIONS TO OBLIGATIONS OF BUYER ....................... 22 8.1
New Lease Agreements. 23 8.11 Schedules To Be Agreed ........................................ 23 ARTICLE IX -- TERMINATION, AMENDMENT AND WAIVER .......................... 24 9.1 Termination .................................................... 24 9.2
New Lease Agreements. At or prior to the Closing, the Company and Carlxxxx xxxll have entered into new lease agreements for the four Company facilities owned by Carlxxxx xxxated at 1333 Xxxxxxxx Xxxxxx, Xxxxx Xxxx, Xxxxxxxxxx, 0095 Xxxx Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxx, 0030 Xxxx Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxxx, xxd 7518 Xxxxxxx Xxxxxx, Xxxxxxxx Xxxxx, Xxxxxxxxxx, xxich lease agreements shall be in form and substance reasonably acceptable to each of Carlxxxx, xxe Company and Buyer.
New Lease Agreements. In contemplation of the coming expiry of the Expiring Lease Agreement I on 31 July 2019 and to ensure the continuous use of Property I, on 31 July 2019, the Company entered into the New Lease Agreement I with Shanshan, a substantial shareholder of the Company, pursuant to which the term of the lease for Property I will be renewed for a term of one year commencing on 1 August 2019. In contemplation of the coming expiry of the Expiring Lease Agreement II on 31 August 2019 and to ensure the continuous use of Property II, on 31 July 2019, Lubiam Apparel entered into the New Lease Agreement II with Shanshan, a substantial shareholder of the Company, pursuant to which the term of the lease for Property II will be renewed for a term of one year commencing on 1 September 2019. In contemplation of the coming expiry of the Expiring Lease Agreement III on 30 September 2019 and to ensure the continuous use of Property III, on 31 July 2019, the Company entered into the New Lease Agreement III with Shanshan, a substantial shareholder of the Company, pursuant to which the term of the lease for Property III will be renewed for a term of one year commencing on 1 October 2019. The principal terms of the New Lease Agreements are set out below: New lease agreement Date Parties Location of property Area of property Term of the lease agreement Annual rent payable Payment schedule Use of Property
New Lease Agreements. 37 9.6 Joint Issues and Reverse Earn Out Payment Agreement. ............................................37 9.7 US Purchase Agreement. .............................................................................................37 9.8 All Necessary Documents............................................................................................37 ARTICLE X TERMINATION...................................................................................................37 10.1 Termination..................................................................................................................37 10.2
