IC Committee definition

IC Committee has the meaning given in Condition 15.1;
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Examples of IC Committee in a sentence

  • The quotation together with the relevant supporting documents will then be reviewed by the finance department then approved by the IC Committee to ensure that the actual service fees payable will be in accordance with the pricing policy under the Logistics Services Framework Agreement and that the transactions will be conducted on normal commercial terms and will not be prejudicial to the interests of the Group and the Shareholders as a whole.

  • The IC Committee will comprise (i) the head of finance department, (ii) the head of the legal department; and (iii) the head of operation.

  • The CCT IC Committee will report to the Board for all significant matters related to the continuing connected transactions of the Group.

  • I.C.) Committee will be developed to handle all complaints against any Police Department Member referred to the committee by the Chief of Police.

  • If at any time the relevant departments of the Group become aware that the price of welding wires offered to Hilong Pipeline is lower than that offered by the Group to Independent Third Parties and/or the terms of welding wires offered to Hilong Pipeline Group are more favorable than those offered by the Group to Independent Third Parties, such findings shall be reported to the CCT IC Committee immediately.

  • The CCT IC Committee shall then discuss with the Board to adjust the price offered to Hilong Pipeline Group and/or amend the relevant terms.

  • The quotations together with the relevant supporting documents will then be reviewed by the financial department and then approved by the CCT IC Committee, to ensure that the pricing and terms of the coating services and hardbanding services provided by Hilong Pipeline Group will be no less favorable to the Group as compared to other quotations received from Independent Third Party service providers.

  • To ensure the transactions contemplated under the 2024 Hilong Energy CCT Agreements do not exceed the respective proposed annual caps, the financial department of the Company will regularly monitor the actual transaction amount under the 2024 Hilong Energy CCT Agreements on a monthly basis and submit monthly reports to the CCT IC Committee to evaluate and review the implementation progress of the continuing connected transactions.

  • The CCT IC Committee will then discuss and review the prices and conditions of the welding wires offered to Hilong Pipeline (taking into account various factors such as costs, transaction volume, sales channel and market competition).

  • The IC Committee is a standing committee of the Board which comprises the Chairman of the Company and the two Independent Directors.