First Tenancy definition
Examples of First Tenancy in a sentence
To comply with the obligations of the Head Lease provided a copy of the obligations is attached to this Agreement at Schedule A or was provided with the First Tenancy The following paragraphs set out what can be expected from the Landlord during the Tenancy in addition to the main Terms found in Part II.
The Tenant acknowledges that he agreed to pay for the checking of the inventory at the beginning of the First Tenancy.
Our Directors considered that the First Tenancy Agreement, the Second Tenancy Agreement, the Third Tenancy Agreement and the Fourth Tenancy Agreement were entered into on normal commercial terms.
The entering into of the First Offer to Licence and the First Tenancy Agreement, being the initial standalone tenancy, fell within the de minimis threshold and was then exempt from the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
By a novation agreement dated August 17, 2015 made between KHK as landlord, NVPS (a wholly- owned subsidiary of the Company) and NMP (‘‘Novation Agreement’’), NMP has assumed all the rights, benefits, interest, duties and obligations of NVPS under the First Tenancy, the Second Tenancy and the Third Tenancy and KHK, NVPS and NMP have agreed to the novation of these agreements and to the substitution of NVPS with NMP as a party to these agreements with effect from April 1, 2015.
MUTUAL TERMINATION AGREEMENT Reference is made to the section headed ‘‘connected transactions’’ in the prospectus of the Company dated December 4, 2014 in relation to the First Tenancy, Second Tenancy and Third Tenancy.
The Seller shall use its reasonable best efforts to obtain and deliver to the Company at the Closing the resignations, effective as of the Effective Time, of those directors of the Seller Subsidiaries designated by the Company to the Seller in writing at least ten (10) days prior to the Closing.
The First Tenancy is for a term of three years from September 1, 2013 to August 31, 2016.
However, the entering into of the other Tenancy Agreements is required to be aggregated with the First Offer to Licence and the First Tenancy Agreement and treated as if they were one transaction pursuant to Chapter 14A of the Listing Rules, as they are entered into between the same parties in relation to the same building within a 12-month period.
Pursuant to Rule 14A.25 of the Listing Rules, the Second Tenancy Agreement and the First Tenancy Agreement would have to be aggregated for the purpose of considering the Company’s compliance obligations.