Cooperation Framework Agreement definition
Examples of Cooperation Framework Agreement in a sentence
The EGM will be held for the independent Shareholders to consider and, if thought fit, approve the Supplemental Deed and the Cooperation Framework Agreement by way of poll.
The Cooperation Framework Agreement shall become effective conditional on the fulfilment of all of the following conditions: (a) the Company having obtained the approval of independent Shareholders in relation to the Supplemental Deed and the Cooperation Framework Agreement; and (b) all requirements under the Articles and the Listing Rules having been fully complied with in relation to the Supplemental Deed and the Cooperation Framework Agreement.
In addition, recognizing that the potential competition may exist between the activities to be carried out by the SAC Aircraft Leasing Members and the Company (and/or through its Subsidiaries) in respect of the Aircraft Leasing Business, as disclosed above, sufficient compliance measures are prescribed under the Cooperation Framework Agreement, in order to safeguard the interest of the Group.
For the same reasons as stated under the section headed “REASONS FOR AND BENEFITS OF ENTERING INTO THE SUPPLEMENTAL DEED”, the Cooperation Framework Agreement provides a framework where the SAC Aircraft Leasing Members are able to refer business opportunities to and cooperate with the Company on business opportunities relating to Aircraft Leasing Business with adequate protection for the Group.
Based on the above, the Directors (excluding the Independent Directors, whose views will be given after taking into account the advice from Independent Financial Adviser) believe that the Cooperation Framework Agreement and the transactions contemplated thereunder are on normal commercial terms, fair and reasonable and are in the interests of the Company and the Shareholders as a whole.