Smart System definition
Examples of Smart System in a sentence
However, after entering into Smart System Construction Contract, the maximum Applicable Percentage Ratio (if calculated on an aggregated basis) of the transactions under Smart System Construction Contract, together with those under the Previous Contracts exceeds 0.1%.
The Company hereby reports and makes announcement in respect of the transactions under Smart System Construction Contract and the Previous Contracts in accordance with the standards under Chapter 14A of the Listing Rules.
Iber Smart System and yourself irrevocably consent that the courts of Indonesia shall have exclusive jurisdiction to resolve any dispute which may arise in connection with these Legal Terms.
The Smart System Construction Contract and the Previous Contracts were independently negotiated and entered into with Asia Olympic Technology by the Group’s different subsidiaries in connection with their respective business needs of different nature.
The Directors, including independent non-executive Directors, have confirmed that the terms under Smart System Construction Contract and the Previous Contracts are fair and reasonable, and the transactions thereunder are on normal commercial terms in the ordinary course of business of the Group, and in the interests of the Company and its shareholders as a whole.
No Director has any material interest in the transactions under Smart System Construction Contract and the Previous Contracts.
In February 2004, Roche Diagnostics Corporation (“Roche”) filed suit against the Company alleging that the Company’s TrueTrack Smart System meters and strips infringed on two Roche patents.
Buyer shall also have the right to purchase a non-exclusive, perpetual, irrevocable, transferable, worldwide, paid-up, royalty-free right and license to use, copy, reproduce, display, modify, perform, distribute, sublicense, prepare derivative works and otherwise exploit the Seller’s Smart System applications for its business purposes only for the sum of $100,000 at the end of the period provided for its use under the Transition Agreement.
In 2006, Roche amended the Complaint to allege that the Company’s TrackEase Smart System meters and strips also infringes the asserted patents.
The Company hereby reports and makes announcement in respect of the transactions under the Smart System Construction Contract and the Previous Contracts in accordance with the standards under Chapter 14A of the Listing Rules.