MMSB definition
Examples of MMSB in a sentence
The purpose of this Agreement is to promote a nationwide framework for cooperation and coordination among MSB State Regulators that have concurrent jurisdiction over an MMSB regulated entity in a manner that conserves regulatory resources and minimizes the regulatory burden on supervised entities, consistent with each state attaining its own regulatory objectives and through implementation of the Protocol.
This Agreement shall survive any change in the Participating State Regulator that has jurisdiction over any MMSB.
In the event that MMSB extends further upfront exclusive rights payment to PHM (referred to as “Additional Upfront Exclusive Rights Payment”) and as consideration thereof, the Term shall be extended and commensurate with the amount of Additional Upfront Exclusive Rights Payment paid, calculated based on RM450,000 only per year based on 4% discounted factor at year 30 onwards.
MMSB was incorporated on 29 July 2019 with an issued share capital of RM1,000 comprising 1,000 ordinary shares.
In the event the yearly GOR does not exceed RM48,000,000 (and pro-rated accordingly if less than a year), MMSB shall reimburse PHM any excess Management Fees paid to MMSB for the shortfall.
Both Dato’ ▇▇▇ ▇▇▇▇ ▇▇▇▇ and Datuk Mohd Aminuddin Bin ▇▇▇▇ ▇▇▇▇ are the common directors and council members of MMSB and PHM.
Without limiting the foregoing, Motorola shall cause MMSB to, and SCILLC shall, if required by or appropriate in any foreign jurisdiction, execute and deliver stock transfer forms.
Manufacturer’s Mandatory Service Bulletins (MMSB) listed on the Contractor’s FAA Operations Specification shall be complied with prior to the performance of this Contract.
In pursuance of the terms of the Management Agreement, PHM will appoint and engage MMSB to exclusively manage the Centers (referred to as “the Services”) for a period of 30 years (the “Term”) subject to the terms and conditions as stipulated in the Management Agreement.
In consideration of PHM’s exclusive appointment of MMSB to provide the Services as stated above, MMSB shall pay a sum of RM7,600,000 in one lump sum (referred to as “Upfront Exclusive Rights Payment Tranche 1”) to PHM within 2 weeks from the unconditional date of the Management Agreement being the right to provide the Services from the Unconditional Date until 31st December 2026 i.e duration of the Principal Lease.