BT Contract definition
Examples of BT Contract in a sentence
Given that an applicable percentage ratio in respect of the provision of financing by Technovator Beijing under the Karamay BT Contract is 25% or more but less than 100%, the transaction under the Karamay BT Contract constitutes provision of financial assistance and a major transaction of the Company under Chapter 14 of the Listing Rules and is subject to the Shareholders’ approval in general meeting pursuant to Rule 14.40 of the Listing Rules.
Accordingly, the transaction under the Karamay BT Contract also constitutes provision of financial assistance and a connected transaction of the Company under Chapter 14A of the Listing Rules.
The Company will hold the EGM to approve the transaction under the Karamay BT Contract.
A circular containing, among other things, further details of Karamay BT Contract and a notice convening the EGM, will be despatched to the Shareholders on or before 19 April 2013.
This Agreement shall commence upon the Agreement Date and shall continue, unless otherwise agreed in writing between the parties to ensure the simultaneous termination of the BT Contract and this Agreement, for a period of 24 months (with the option to extend annually at Digital's discretion for a further 36 months) unless terminated by either party in accordance with Condition 27.
The Directors are of the view that the terms and conditions of the Karamay BT Contract are on normal commercial terms, which are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.
Buyer will also furnish other information relating to the Buyer’s relationship with British Telecom and Buyer’s operations under the BT Contract, as Seller may from time to time reasonably request.
This Section 2.09 shall be the exclusive remedy of Buyer for monetary damages relating to any failure by Buyer or Seller to enter into a BT Amendment or any claim relating to a loss of revenue under the BT Contract or the failure of Buyer to realize revenue following the Closing under the BT Contract.
If Buyer breaches any of its material obligations under the BT Contract during the first year thereof, the Target First Year BT Contract Revenue shall be deemed to be reduced by the amount of recognizable revenue Buyer does not receive as a result of such breach.
The entering into the transaction under the Karamay BT Contract is of great importance in respect of the implementation of the business strategy of the Group.