Examples of Emperor E Hotel Group in a sentence
Table 4: Utilization of the 2018 Aggregate Tenancy Annual Caps For the year ended/ending 31 March 2019 Note 1: Aggregated amount of the Tenancy Transactions between the Group (including the Emperor E Hotel Group) and Emperor W&J Group Note 2: Annualised transaction amount is obtained by multiplying the actual transaction amount of the Tenancy Transactions for the six months ended 30 September 2020 by two.
General terms of the Master Leasing Agreements The relevant members of the Group and the relevant members of Emperor International Group (including Emperor E Hotel Group) may from time to time enter into Definitive Leasing Agreement(s) in relation to any Tenancy Transaction upon, and subject to, the terms and conditions in compliance with the Master Leasing Agreements.
The validity of an amendment to the Company’s Articles of Association requires a resolution of general shareholders’ meeting, taken by 3/4 majority of vote - article 415 of Code of Commercial Companies (resolution on important change of scope of activities requires a resolution taken by majority of 2/3 votes cast – art.
With the upcoming expiration of the 2018 MLAs, entering into the 2020 MLAs will continue to govern the Tenancy Transactions between the Group and Emperor International Group (including Emperor E Hotel Group), and also serve to streamline the relevant process of reporting, announcement and Shareholders’ approval, if necessary, whenever there is new tenancy or renewal of the Tenancy Transactions between the Group and Emperor International Group (including Emperor E Hotel Group).
As of the date of this Agreement there are 10,625,000 Purchaser Shares, including units issued pursuant to the First Financings, and no preferred shares issued and outstanding, all of which are fully paid and non-assessable.
Having considered the current property portfolio and the potential development of property-related projects of the Emperor International Group which can be available for leasing to the members of the Group in the future, we believe it is reasonable to assume that the Group will enter into certain new Tenancy Transactions with Emperor International Group (including Emperor E Hotel Group) under the 2024 MLAs in the coming years.
The Leasing Samples are randomly selected and they cover the three geographical regions (Hong Kong, Macau and Mainland China) where the Group leases properties from Emperor International Group (including Emperor E Hotel Group) during the term of the 2020 MLAs. The Leasing Samples also cover the different types of property leased (retail stores and/or office) at each geographical region.
The Master Leasing Agreements set out a framework of the terms governing the Tenancy Transactions between the Group and Emperor International Group (including Emperor E Hotel Group) and also serve to streamline the reporting, announcement and, if necessary, Shareholders’ approval process whenever there is new tenancy or renewal of the Tenancy Transactions between the Group and Emperor International Group (including Emperor E Hotel Group).
Moreover, as advised by the Directors, with the recent recovery of luxury consumption and tourism market, the Group will consider to expand its retail network and there is possibility that new Tenancy Transactions would be entered into with Emperor International Group and Emperor E Hotel Group under the Master Leasing Agreements in the forthcoming years.
THE MASTER LEASING AGREEMENTS Background The Group has from time to time entered into Tenancy Transactions for leasing certain office properties or other properties (including retail shop, signage or signboard space) from Emperor International Group (including Emperor E Hotel Group).