Retail Leasing definition
Examples of Retail Leasing in a sentence
The Manager may subcontract the performance of its retail leasing service duties to third parties (including its Affiliates) and pay all or a portion of the Retail Leasing Fees to such persons with whom it contracts for these services.
Pursuant to Rule 14A.54 of the Listing Rules, as each of the 2021 Supplemental Agreements constitutes a material change to the terms of the 2017 Domestic Retail Leasing Agreement (as amended by the 2020 Supplemental Domestic Retail Leasing Agreement) and the 2017 Traveller Services Franchise Agreement, respectively, the Company will be required to re-comply with the relevant requirements of Chapter 14A of the Listing Rules.
The Company confirms that the transaction amount under the Domestic Retail Leasing Agreement for the period from 1 January 2015 to the date of this announcement is below the de minimis threshold under Chapter 14A of the Listing Rules.
On 5 January 2015, the Company respectively entered into the Advertising Management Agreement with the Advertising Company, the International Retail Management Agreement and the Domestic Retail Leasing Agreement with the Commercial and Trading Company, the Food and Beverage Management Agreement and the Food and Beverage Leasing Agreement with the Food Management Company (together referred to as the “New Non- aviation Related Contracts”), with a term from 1 January 2015 to 31 December 2017.
Employees of the Retail Leasing Group will track the actual work hours spent in ▇▇▇▇ Company matters.
It is expected that the aggregate turnover of Beijing Airport Commercial and Trading from the operation of the retail leasing business under the Domestic Retail Leasing Agreement will increase at a rate ranging from 5% to 15% in the year 2015.
Retail leasing will be led on behalf of EastBanc Marketing, LLC or such affiliate by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, EastBanc's VP of Retail Leasing since 2003 (or such other individual as may be approved pursuant to the Retail Leasing Agreement).
With reference to the above unit rental price and the historical franchise fee paid by Beijing Airport Commercial and Trading to the Company in the past two years, it is currently estimated that the unit rental price under the Domestic Retail Leasing Agreement will be RMB15,000 per square meter per year.
The Domestic Retail Leasing Agreement is for a term of three years commencing from 1 January 2015 to 31 December 2017.
As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Supplemental Domestic Retail Leasing Agreement is more than 0.1% but less than 5%, the transactions contemplated thereunder are subject to the annual review, reporting and announcement requirements, but are exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.