Proposed Annual Cap definition

Proposed Annual Cap means the proposed annual caps for the period ending 31
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Proposed Annual Cap the proposed annual cap for the supply of relevant products by the Group to the Purchasers for the each year ending 31 December 2021 under the New Master Supply Agreement;
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Proposed Annual Cap means the proposed annual cap(s) for the three years ending 31 December 2019 in respect of the Freight Logistics Daily Connected Transactions Framework Agreement;
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Examples of Proposed Annual Cap in a sentence

  • The Proposed Annual Cap (CPI Xianrong) is RMB120,000,000 (equivalent to approximately HK$141,176,000).

  • The Proposed Annual Cap (SPIC Aluminum) is RMB600,000,000 (equivalent to approximately HK$705,882,000).

  • As all applicable percentage ratios in respect of the highest Proposed Annual Cap under the Master Supply Agreement are higher than 0.1% but less than 5%, the Master Supply Agreement is subject to reporting, annual review and announcement requirements but exempt from the circular (including independent financial advice) and shareholders’ approval requirements pursuant to Rule 14A.76(2) of the Listing Rules.

  • In determining the Proposed Annual Cap, the Company has estimated that the interest rates on these loans are 90% of the current interest rates issued by the PBOC.

  • RECOMMENDATION Having taken into account the factors and reasons as stated above, we consider that the terms of (i) the Supplemental 2019 CCT Agreements, including the Further Revised Annual Caps; and (ii) the 2021 Huangyan Water Supply Framework Agreement, including the Proposed Annual Cap, are on normal commercial terms, in the ordinary and usual course of business of the Group, fair and reasonable and in the interests of the Company and the Shareholders as a whole.

  • The Further Revised Annual Caps and the Proposed Annual Cap will ensure a stable supply of raw water from the Group to respond to the increase in market demands.

  • Basis of the Proposed Annual Cap The proposed annual cap of the service fee under the New Service Agreement is determined by the Directors after taking into account the following factors: (i) the historical transaction amounts under Service Agreement II; and (ii) the increase in cost resulting from the further construction of database infrastructure, provision of more database related services, and higher costs of database related services.

  • The Financial Services Framework Agreement and the transactions under it, including the Proposed Annual Cap, shall comply with the reporting and announcement requirements, but are exempt from the circular and Independent Shareholders’ approval requirements.

  • In determining the Proposed Annual Cap, the Company has considered its working capital and external financing to meet the funding needs.

  • Hence, we express no opinion as to the accuracy and the actual utilisation of the Further Revised Annual Caps and Proposed Annual Cap under the Supplemental 2019 CCT Agreements and the 2021 Huangyan Water Supply Framework Agreement.


More Definitions of Proposed Annual Cap

Proposed Annual Cap has the meaning ascribed to it under the section headed “SUPPLEMENTAL AGREEMENT – Annual Cap” in this announcement “Shares” the shares of the Company “Shareholder(s)” holder(s) of the Shares
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Proposed Annual Cap means the proposed annual caps for the two years ending 31 December 2019 in respect of the Lease
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Proposed Annual Cap the respective maximum amounts payable under CPI Logistics Coal Supply Framework Agreement and Qinghe Coal Supply Framework Agreement for the three financial years ending 31 December 2014, 2015 and 2016
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Proposed Annual Cap the proposed maximum annual amount of the consideration under the Supply Agreement payable by RT Mart China to Tmall Supply under the Supply Agreement for the period commencing from 31 December 2017 and ending 31 December 2018 “Share(s)” ordinary share(s) of the Company in issue “Shareholder(s)” holder(s) of share(s) of the Company
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Related to Proposed Annual Cap

  • Annual Cap means for any calendar year an amount equal to fifteen percent (15%) of the outstanding principal amount of A Bonds as of January 1 of such calendar year. The Company has the right to reserve up to one-third of this fifteen percent (15%) limit for Bonds redeemed as a result of a Bondholder’s right upon death, disability or bankruptcy as described in the Indenture.

  • Annual Caps The annual caps for the transactions under the New Processing Agreement for each of the three years ending 31 December 2019 are RMB66,000,000, RMB72,000,000 and RMB80,000,000. Such annual caps are determined based on (i) the historical transaction value of the dyeing and printing services provided by Haosha Garments to Haosha Industry; (ii) the prevailing market price of similar processing services; and (iii) the expected increase in demand for such services by Haosha Industry in the coming three years.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • M5 Target Amount With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) 93.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Maximum Available Amount means, at any time, the least of:

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Average annual payroll means the average of the annual

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Target Annual Bonus as of any date means the amount equal to the product of Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Bonus Plan for the Annual Performance Period for which the Annual Bonus is awarded if the performance goals established pursuant to such Bonus Plan were achieved at the 100% level as of the end of the Annual Performance Period.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.