Property Business Sample Clauses

Property Business a. The term “
Sample 1
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Property Business. The Group’s property business includes property development, trading of building materials and provision of renovation services. During the six months ended 30 September 2014, the Group has not launched new property projects for sale and turnover of property business was HK$14,000. Segment loss narrowed down to HK$666,000 as a result of implementation of cost reduction initiatives during the six months ended 30 September 2014. The Group will continue to focus on mixed use property development and investment in China to cater for end users’ demand for high quality residential and commercial properties as urbanisation continues to drive demand for property in China. The Group will continue to devote resources to land bank acquisitions and seek to identify premium land sites at the right opportunity. The Group will also explore opportunities in property development and investment in other regions to support the development of our other businesses. Gamma Ray Irradiation Services The Group’s gamma ray irradiation business is conducted through 淄 博 利 源 高 科 輻 照 技 術 有 限 公 司 (Zibo Liyuan Gamma Ray Technologies Co. Limited*), a 80% owned subsidiary of the Group which is licensed by Ministry of Environmental Protection of the PRC for the provision of irradiation services by utilising gamma ray technologies. Although global economic recovery remained slow during the six months ended 30 September 2014, demand for food irradiation and sterilisation of medical devices using gamma ray technologies had shown signs of stabilisation. The Group’s marketing effort in strengthening business relation with existing and new customers had borne some fruits. Turnover generated from the gamma ray irradiation services for the six months ended 30 September 2014 grew 11% to HK$3,164,000. Segment loss for the six months ended 30 September 2014 was reduced to HK$967,000. In regards to gamma ray irradiation business, as application of gamma ray technologies in food irradiation has increased in recent years with increasing awareness of domestic food safety and hygiene standard, the Group will endeavour in ongoing services innovation, expansion of its services to new products with high margins, and sourcing of new clients. The Group will also strive to improve the productivity and efficiency of its production facilities.
Sample 1
Property Business. This term shall mean direct property business written by the Company, as defined, and classified in its Association Edition of Annual Statement for Fire and Casualty Companies as:
Sample 1
Property Business. This term shall mean insurance which is classified in the NAIC form of annual statement as fire, allied lines, farmowners multiple peril (section I), homeowners multiple peril (section I), commercial multiple peril (section I, including section I of business owners), inland marine, (including Section 1 of boatowners), Earthquake, and automobile physical damage (excluding collision but including water damage, fleet dealers' and garagekeepers' legal liability), except those lines specifically excluded in the article entitled EXCLUSIONS, on risks wherever located in the United States of America, its territories and possessions, and in Canada.
Sample 1
Property Business. This term shall mean insurance which is classified in the NAIC form of annual statement as fire, allied lines, inland marine, commercial multiple peril (property coverages), and personal automobile physical damage (excluding collision), except those lines specifically excluded in the article entitled EXCLUSIONS, on risks wherever located in the United States of America, its territories and possessions.
Sample 1

Related to Property Business

  • The Business The parties acknowledge that the Company is engaged in the development, marketing and sale of certain proprietary technologies, processes and related products in the areas of chemical detection, technical processes, and technical/business services, and that the Company may also from time to time become or may intend to become engaged in other business endeavors (individually and collectively, the "BUSINESS"). The Company shall be deemed to intend to become engaged in a business endeavor if it has devoted or expended any significant resources, either financial or human resources, towards the proposed endeavor, either in planning or implementing the undertaking of such planned endeavor.

  • Property Use The Property shall be used only for industrial, warehouse and office purposes, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Assets and Properties The Borrower and each of its Subsidiaries has good and marketable title to all of its assets and properties (tangible and intangible, real or personal) owned by it and a valid leasehold interest in all of its leased assets (except insofar as marketability may be limited by any laws or regulations of any Governmental Authority affecting such assets), and all such assets and property are free and clear of all Liens, except Liens permitted under Section 7.3(C). Substantially all of the assets and properties owned by, leased to or used by the Borrower and/or each such Subsidiary of the Borrower are in adequate operating condition and repair, ordinary wear and tear excepted. Neither this Agreement nor any other Transaction Document, nor any transaction contemplated under any such agreement, will affect any right, title or interest of the Borrower or such Subsidiary in and to any of such assets in a manner that would have or could reasonably be expected to have a Material Adverse Effect.

  • Leased Assets The term "Leased Assets" shall have the meaning ascribed thereto in Section 3.6.

  • Business and Properties No business of any Loan Party or any of its Subsidiaries is affected by any fire, explosion, accident, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

  • Property Locations (a) Provide to Administrative Agent at least ten (10) days’ prior written notice before adding any new offices or business or Collateral locations, including warehouses (unless such new offices or business or Collateral locations qualify as Excluded Locations).

  • Operation of the Business Between the date of this Agreement and the Closing, Seller shall:

  • Business Assets The Company Assets comprise all of the property and assets of the Business, and none of the Vendor or the Significant Shareholders nor any other person, firm or corporation owns any assets used by the Company in operating the Business, whether under a lease, rental agreement or other arrangement;

  • Existence; Businesses and Properties (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05.

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