Examples of Existing Annual Caps in a sentence
As none of the Target Property tenants are presently Connected Persons, the REIT Manager considers the Existing Annual Caps under the 2016 Extended Waiver for the financial years ending 31 December 2017, 2018 and 2019 for the leasing/licensing transactions to still be sufficient, and accordingly, does not propose any amendment to such Existing Annual Caps.
The notes are much broader, more analytical and more interpretive than a listing of occurrences.
As advised by the management of the Company, the low utilization rate was due to the delay in the expansion plan of the new production plant in Yangzhou.Taking into account the low utilization rate of the Existing Annual Caps, the Company has adjusted the proposed annual cap for 2014 to a lower amount of US$15,733,000 as compared with the annual cap of US$30,918,000 for 2013.
The Directors believe that the Existing Annual Caps will not be sufficient for the Group's business needs and therefore approved to increase the Existing Annual Caps (the "Revised Annual Caps").
Similar to the case of purchasing Equipment from the Kingboard Group, the Existing Annual Caps in relation to the purchase of goods and services from the Kingboard Group were over-estimated.