THE FRAMEWORK AGREEMENT Sample Clauses

THE FRAMEWORK AGREEMENT. Under the Framework Agreement, it has been agreed that on or before 18 November 2016, the Company shall pay the First Portion Repayment in the sum of US$5 million (equivalent to approximately HK$38.8 million) to the Bondholder. The Bondholder has agreed to (other among things), subject to its receipt of the First Portion Repayment on or before the said date, enter into the Settlement Agreement with the Company on or before the Long Stop Date which aims at (among others) extending the original maturity date for the repayment of the outstanding Original Redemption Amount, interests and fees from the Original Maturity Date to the New Maturity Date (i.e. 14 March 2017) and reducing the Original Redemption Amount to HK$275,415,351.76. Subject to the payment of the First Portion Repayment, the Bondholder has agreed not to take any action to enforce its rights under the 2016 Bonds before the Long Stop Date. To secure the performance of the repayment obligations of the Reduced Redemption Amount, the following collaterals shall be provided to the Bondholder: (a) a personal guarantee to be given by each of Mr. Liu and Ms. Zhou, (b) a mortgage to be created over a vessel owned by a PRC company which, through contractual arrangements in place, has been treated as a wholly-owned subsidiary of the Company, (c) pledge on the Shares to be issued to Jiangsu Baisite and (d) such other collaterals to the satisfaction of the Bondholder (which collaterals shall be confirmed by parties on or before 16 November 2016). Shareholders and potential investors should note that the Settlement Agreement between the Company and the Bondholder may or may not be entered into. If such agreement is entered into, it will be subject to conditions precedent which may or may not be satisfied within the prescribed time, and such agreement is subject to the risk of not being completed finally. Shareholders and potential investors are advised to exercise caution when dealing in the Shares. INTRODUCTION Reference is made to (i) the Company’s announcements dated 28 October 2013 and 8 November 2013 respectively (collectively, the ‘‘2013 Announcements’’) in relation to the issue of the 2016 Bonds under the then General Mandate, (ii) the Company’s announcement dated 7 November 2016 (the ‘‘Nov 7 CB Announcement’’) in relation to the maturity of the 2016 Bonds and (iii) the Company’s announcement dated 7 November 2016 (the ‘‘Nov 7 Acq Announcement’’) in relation to the acquisition agreement dated 4 Novemb...
THE FRAMEWORK AGREEMENT. A Problematic Blueprint for Macedonia A distinction, however, needs to be drawn between the conflict between the Macedonian and Albanian communities that has been latent since 1991 and the armed confrontation that occurred last year. Most Macedonians and a growing number of international analysts maintain that last year’s mini-war had little to do with instituting rights for the Albanians. According to this view, the Framework Agreement fails to take into account the more immediate reasons behind the war, such as previously mentioned, organized crime and the question of Kosovo. Yet it would be misleading to deny that throughout the 1990s the conflict between Macedonians and Albanians did, at least in part, concern the question of rights. Thus, the Agreement does address some of the issues that divided the two communities during Macedonia’s first decade of independence. As such, the Agreement represents an amendment to the legal structures of the Macedonian political system, aimed at creating more symmetrical power relations between the Macedonian and Albanian communities. Nonetheless, many Macedonians, as well as their politicians, harbour a deep dislike for the Framework Agreement, which they consider to be imposed on them by the international community in response to Albanian ‘terrorism’. According to Aleksandar Damovski, editor of the Macedonian daily Dnevnik, the provisions set forth in the Agreement were legitimate, but not the means used to achieve them: I find the constitutional changes that improve the civic character of our state necessary, and that they would have come into being even without the military pressure of the Albanians. The main problem is that it all happened as a result of the aggression by the Albanian terrorists in Macedonia, and therefore the agreement signed in Ohrid looks like the result of those terrorist activities. (South Slavic Report 2001: v. 3 no. 32). Hence, there is a risk that Macedonian resentment towards the Agreement, and towards the Albanian population, might eventually prompt an aggressive backlash, which would further undermine the prospects for peace. Whether such a reaction from the Macedonian community occurs depends in part on whether it continues to perceive the international community as working against Macedonian interests. In a report by the United States Institute of Peace (USIP) several factors are identified that pose an obstacle to effective implementation of the Framework Agreement, including “[c]rim...
THE FRAMEWORK AGREEMENT. The Danish Energy Agency is not required to use this Framework Agreement when purchasing consultants which are within the scope of this Framework Agreement. Thus, it is possible for the Danish Energy Agency to purchase consultants through other Framework Agreements, through independent EU-Tenders or in other ways. However, the Danish Energy Agency's internal guidelines clearly indicate that this Framework Agreement is to be used for all purchases of consultants falling within the scope of the Framework Agreement, and it should therefore be an exception that the consultants in question are purchased differently.
THE FRAMEWORK AGREEMENT. On 1 September 2022, Guangdong Water (a direct wholly-owned subsidiary of the Company), Yue Gang Water Supply (an indirect non-wholly owned subsidiary of the Company) and Water Conservancy Design Institute entered into the Framework Agreement in relation to the provision of the Water Project Design & Survey Services by the Water Conservancy Design Institute Group to the GDI Water Supply Group. The GDI Water Supply Group will engage the Water Conservancy Design Institute Group for the provision of the Water Project Design & Survey Services on a non-exclusive basis. The GDI Water Supply Group is not under any obligation to engage the Water Conservancy Design Institute Group for any particular service under the Framework Agreement and is entitled to engage any service provider at its own discretion. A summary of the salient terms of the Framework Agreement is set out below: Date: 1 September 2022
THE FRAMEWORK AGREEMENT. The Board is pleased to announce that on 3 July 2012, Hao Tian Resources Holding Company Limited, an indirect wholly-owned subsidiary of the Company (Hao Tian) and Xinjiang Zhuoyue Haorui New Energy Company Limited*( 新疆卓越昊睿新能源股份有限公司) entered into a framework agreement (the Framework Agreement) with Xinjiang Shaya County People’s Government( 新疆沙雅縣人民政府), pursuant to which the parties agreed on the cooperation project framework for the development and processing of alkylol amine from natural gas (with projected annual capacity of 600,000 tons) and oil field wellhead gas recovery and treatment (the Project). The principal terms of the Framework Agreement include the following:
THE FRAMEWORK AGREEMENT. Progress was being made on the Framework Agreement but because of the work involved, the timetable had been amended and completion date of the project was anticipated to be the end of April 2008.
THE FRAMEWORK AGREEMENT. In light of the completion of the Equity Transfer and the business needs of the Group, on 29 June 2022, Guangdong Water and GH Water Supply (each a subsidiary of the Company) entered into the Framework Agreement with Guangdong Water Technology in relation to the provision of the Support Services by the Guangdong Water Technology Group to the GDI Water Group. A summary of the salient terms of the Framework Agreement is set out below:
THE FRAMEWORK AGREEMENT. 1.1.1 This Framework Agreement has been agreed by DFID and ICAI. Additionally, Annex A, which relates to the interaction between ICAI and all Government departments which spend Official Development Assistance (ODA), will be signed by the Permanent Secretariesas Principal Accounting Officers – for the relevant departments.
THE FRAMEWORK AGREEMENT. A summary of the principal terms of the Framework Agreement is set out as follows:
THE FRAMEWORK AGREEMENT. The principal terms of the Framework Agreement are set out below: