BACT definition
Examples of BACT in a sentence
If any maintenance work is caused by BACT, the corresponding expenses incurred shall be borne by BACT.
The Company shall ensure the supply of electricity, water, heating, air conditioning and lighting, provide basic services such as public area cleaning, waste disposal and interior greening and ensure that the leased spots are in safe and satisfactory condition, and BACT may use the relevant spots in its ordinary course of business.
BACT shall sign agreements with third-party operator(s) and manage them to ensure the third-party operators assume and fulfill all obligations under the Spots Leasing Agreement and comply with the Company’s management systems and regulations.
The energy usage fees shall be calculated according to the number of vending machines used, their rated power, and the number of operating days and paid by BACT monthly.
The Company will separately charge BACT energy usage fees for the energy used at the designated spots, including but not limited to electricity, water, refrigeration, and heating, and pay an equivalent amount of such energy usage fee to the relevant energy supplier, in line with the arrangements between the Company and its tenants (including independent third parties) at the designated spots.
Since BACT is a wholly-owned subsidiary of the Parent Company, BACT is therefore a connected person of the Company.
BACT shall not, without the prior consent of the Company, sublease, sublet, transfer, or otherwise provide the operating rights of the designated spots to a third party, nor shall it create any third party interests in any form.
BACT may terminate the Spots Leasing Agreement by giving 3 months’ prior written notice to the Company, provided that BACT has paid compensation to the Company in an amount equal to 2 months of the spots leasing fees.
If the third-party operators violate the obligations mentioned above, fail to comply with the Company’s management systems and regulations, or engage in other actions that harm the Company’s interests, causing adverse effects or losses to the Company, BACT shall be jointly and severally liable with the third-party operators.
BACT shall be responsible for the actions of the third-party operators.