Salient Terms Clause Samples

Salient Terms. The salient terms of the Lease Agreement are as follows: i) The lease period is 15 years from 1 September 2022 to 31 August 2037, with an option to renew for another five (5) years subject to mutual agreement between GDSB and SRB, and conditional upon SRB securing a renewal of its leasehold status on the Property. ii) The monthly lease shall be fixed for every 3-year period and on escalated basis for the subsequent periods, as follows: 1 1 September 2022 until 31st August 2025 380,271.05 2 1st September 2025 until 31st August 419,127.15 (10% escalation) 3 2028 1st September 2028 until 31st August 440,083.51 (5% escalation) 4 2031 1st September 2031 until 31st August 462,087.68 (5% escalation) 5 2034 1st September 2034 until 31st August 485,192.07 (5% escalation) 2037 iii) Neither Party shall have the right of determining, the Lease Agreement before the expiry of the first ten (10) years term from the Commencement Date (“Non- Termination Period”), except in the event of breach by either party, which can be rectified within the remedy period.

Salient Terms. The transfer of the Said Flat/Flat/Unit And Appurtenances being effected by this conveyance is:

Salient Terms. The transfer of the Said Apartment being effected by this Conveyance as follows: 9.3.1 Sale: a sale within the meaning of the Transfer of Property Act, 1882. 9.3.2 Absolute: absolute, irreversible and in perpetuity. 9.3.3 Free from Encumbrances: free from all encumbrances including but not limited to lis pendens, attachments, liens, charges, mortgages, trusts, debutters, wakfs, reversionary rights, residuary rights, claims and statutory prohibitions.

Salient Terms. The transfer of the Said Flat And Appurtenances being effected by this Conveyance is:

Salient Terms. The salient terms of the Fourth Supplemental Loan Agreement are:- (a) Interest on the Loan shall be paid by Hyperlync in fixed monthly payments of S$17,125 on or before the 28th day of each month starting from 20 June 2020 until the last and final interest payment falling on 20 May 2021; (b) Starting from 20 June 2020, Hyperlync will pay 6 monthly instalments of S$6,000 with the final instalment due on the 28th day of November 2020 for the balance interest owing in the amount of S$36,000; (c) Starting from December 2020, Hyperlync will, in addition to the fixed monthly interest payments of S$17,125, make 7 monthly payments of no less than S$40,000 per month which will be applied to the repayment of the Loan principal; (d) On 11 June 2021, being the maturity date of the Loan, the remaining Loan principal will be adjusted to reflect any interest credit due to Hyperlync as a result of the payments made by Hyperlync to reduce the Loan principal; (e) If Hyperlync is unable to pay the balance of the unpaid Loan principal by 11 June 2021, Hyperlync will continue to pay, on a monthly basis, no less than S$50,000, which will be applied to the repayment of the Loan principal as well as a late payment interest rate of 1% per month (12% per annum) over and above the existing 12% per annum of the unpaid balance of the Loan principal until the full Loan principal is repaid; (f) Upon completion of sale of shares in Hyperlync to a third party, Hyperlync is to pay S$170,000 to the Company; and (g) Save as amended or supplemented in this Fourth Supplemental Agreement, all the terms and conditions of the Loan Agreement (as may be modified by the First Supplemental Loan Agreement, the Second Supplemental Loan Agreement and the Third Supplemental Loan Agreement) shall continue to apply and to remain in full force and effect.

Salient Terms. 5.1 The salient terms of the Consortium Agreement are as follows: (a) The Consortium Members agreed to appoint TelkomInfra as the “Consortium Leader” to represent and act for and on behalf of the Consortium. (b) The Consortium Leader will be responsible among others for the procurement and acquisition of dry plant and wet plant and logistic arrangement, licensing arrangement for installation permit, environmental permit, water location permit, cable/pipe crossing permit, depot readiness & services and project management. (c) DTI-SMS Consortium will be responsible readiness of the vessel as cable ship including readiness of marine crew, project crew and cable tools onboard including Trenching Remote Operated Vehicle system, repeatered and repeaterless submarine cable system on the effective date of agreement with client, submersible plants material, cable re-engineering, cable audit; cable scrap, cable recovery, fuel supply and bunkering management; supply chain Management and project reporting (d) the Consortium Agreement will bind the Consortium Members and none of them shall vary or seek to vary the same without the written consent of the other Consortium Member. (e) None of the Consortium Members and their associated/affiliated companies shall during the term of the Consortium Agreement, without the written consent of the other Consortium Member, either directly or indirectly, alone or together with any third party, prepare or submit or take part in any preparation or submission of a tender proposal for the Project. (f) Should the Consortium be awarded the Project by the client, the Consortium Members shall forthwith enter into a partnership agreement which shall define in detail the contractual relationship between the Consortium Members for the performance of the Project. (g) The Consortium will be established for a period of 3 (three) years (“Consortium Term”) from the date of the Consortium Agreement or for a period during which the Project with the client is ongoing to the extent that such Project is agreed within the term of the Consortium Agreement and may be terminated by the mutual consent of the Consortium Members. (h) The Consortium Term may be extended for the next 3 (three) years mutually by the Consortium Members subject to performance and fulfillment of key performance indicators and quality of standard to be agreed by the Consortium Members. (i) Parties agree that in the event that either party wishes to extend or does not wish to extend...

Salient Terms. The transfer or assignment of the leasehold right of the Assignor over and in respect of the Said Flat And Appurtenances being effected by this Deed of Assignment is:

Salient Terms. The salient terms of the Agreement are as follows:-

Salient Terms. 3.4.1 The obligations of the Purchaser to complete and pay the Sale Price to the Seller is subject to the fulfilment of certain terms and conditions, amongst others, as set out below: (a) the representations and warranties made by the Seller in the Halekulani SPA are true and accurate as of the date the Halekulani SPA is signed and as of the Transaction Execution Date, which is the Completion Date. (b) by the Transaction Execution Date, the Seller has fulfilled and complied with any conditions and obligations it is required to fulfil or comply with under the Halekulani SPA. (c) the Seller has handed over to the Purchaser the documents stipulated in paragraphs 7 and 9 of Article 4-1 of the Halekulani SPA by the Transaction Execution Date, or alternatively, is reasonably considered able to hand over the same on the Transaction Execution Date. (d) the Seller has handed over to the Purchaser a certified copy of the Company's commercial register and signature seal certificate (both limited to those acquired within one month of the Transaction Execution Date) by the Transaction Execution Date. 3.4.2 The obligations of the Seller to transfer the Property to the Purchaser is subject to the fulfilment of certain terms and conditions, as set out below: (a) the representations and warranties made by the Purchaser in the Halekulani SPA are true as of the date the Halekulani SPA is signed and as of the Transaction Execution Date, which is the Completion Date. (b) by the Transaction Execution Date, the Purchaser has fulfilled and complied with any conditions and obligations it is required to fulfil or comply with under the Halekulani SPA. (c) the Purchaser has by the Transaction Execution Date, acquired from the trustee of the Property the documents stipulated in paragraph 7 of Article 4-1 of the Halekulani SPA; (d) the Purchaser has handed over to the Seller a certified copy of its commercial register and signature seal certificate (both limited to those acquired within one month of the Transaction Execution Date) by the Transaction Execution Date. The salient terms in paragraphs 3.4.1 and 3.4.2 above are also generally in line with the terms of the Divestment Mandate.