Entrustment Agreements definition
Examples of Entrustment Agreements in a sentence
The Entrustment Agreements contain dispute resolution mechanisms which include the right to refer a dispute to arbitration.
Under the HSR Entrustment Agreement, the Company’s total aggregate liability to the Government arising out of or in connection with the Entrustment Agreements (other than for death or personal injury) is subject to a cap equal to the total of HSR Project Management Fee and any other fees that the Company receives under the HSR Entrustment Agreement and certain fees received by the Company under the HSR Preliminary Entrustment Agreement (the “Liability Cap”).
Although the Government has reserved the right to refer to arbitration the question of the Company’s liability for the Current Cost Overrun (as defined hereunder) (if any) under the Entrustment Agreements (as more particularly described in paragraph (b)(v) below), up to the date of the interim financial report, no claim has been received from the Government.
Save for the above, all other existing terms and conditions under the Four Entrustment Agreements remain unchanged and in full force and effect.
As the applicable percentage ratios for the estimated annual caps of the transactions contemplated under each of the New Asahi Production Entrustment Agreements are higher than 0.1% but less than 5%, such transactions are subject to the reporting and announcement requirements, but are exempt from the circular (including independent financial advice) and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
In the event of any change in market conditions or significant change in situations during the term of the New Asahi Production Entrustment Agreements, the parties shall negotiate and enter into a supplemental agreement to adjust the purchase price.
The Entrustment Agreements and Powers of Attorney comprise of Entrustment Agreement and Powers of Attorney (Guangzhou Daide) and Entrustment Agreement and Powers of Attorney (Target Company) which are of substantial similar terms.
As the Entrustment Agreement 5 was entered into within a 12-month period after the signing of the Four Entrustment Agreements, the transactions contemplated under the Entrustment Agreement 5 are required to be aggregated with those of the Four Entrustment Agreements as if they were one transaction pursuant to Rule 14A.81 of the Listing Rules.
The Entrustment Agreements fully and legally transfer from WOFE to BVI all of the right to transact in and with, sell, license, encumber, grants right in and to, dispose of, and otherwise deal in and with any and all of the assets (including, without limitation, the goodwill, intellectual property rights, profits, tangible and intangible assets, rights, claims, rebates, refunds and properties), and liabilities of the Company Entities.
Condition Precedents : The responsibilities and obligations of Shenzhen Tsingtao-Asahi under the New Asahi Production Entrustment Agreements shall be conditional upon the Company’s compliance with the relevant requirements under the Listing Rules in relation to continuing connected transactions.