Management Services Agreements definition
Examples of Management Services Agreements in a sentence
The other utilities fees payable under the Property Management Services Agreements were determined with reference to the cost of providing these utilities services, the fee charged to other customers of CIC (who are third parties independent of the Company and its connected persons) and the market services fee for similar properties nearby.
On the same day, Chinlink Commercial also entered into the Property Management Services Agreements with ▇▇▇ ▇▇▇ and ▇▇▇▇ ▇▇▇▇ in relation to Premise I and Premise II, respectively, pursuant to which Chinlink Commercial will provide property management services to ▇▇▇ ▇▇▇ and ▇▇▇▇ ▇▇▇▇, both for the period commencing from 25 December 2019 and ending on 31 March 2022.
The Lease Agreements and Property Management Services Agreements were therefore entered into in the ordinary and usual course of business of the Group.
As one or more of the relevant percentage ratios in respect of the Lease Agreements and Property Management Services Agreements (even if they are all aggregated) are more than 0.1% and less than 5%, they are therefore subject to the annual review, reporting and announcement requirements but are exempted from independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.