Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party 11.3.1 Taxes and fees imposed on the purchasing Party shall be borne by the purchasing Party, even if the obligation to collect and/or remit such taxes or fees is placed on the providing Party.
Taxes and Fees Imposed on Providing Party But Passed On To Purchasing Party 11.4.1 Taxes and fees imposed on the providing Party, which are permitted or required to be passed on by the providing Party to its customer, shall be borne by the purchasing Party.
Performance while Dispute is Pending Notwithstanding the existence of a dispute, the Supplier must continue without delay to carry out all of its responsibilities under the Contract that are not affected by the dispute. If the Supplier fails to continue without delay to perform its responsibilities under the Contract, in the accomplishment of all undisputed work, the Supplier will bear any additional costs incurred by Sourcewell and/or its Participating Entities as a result of such failure to proceed.
Certain Taxes and Fees All transfer, documentary, sales, use, stamp, registration and other such Taxes, and all conveyance fees, recording charges and other fees and charges (including any penalties and interest) incurred in connection with consummation of the transactions contemplated by this Agreement shall be paid by Sellers when due, and Sellers will, at their own expense, file all necessary Tax Returns and other documentation with respect to all such Taxes, fees and charges, and, if required by applicable law, Buyer will, and will cause its Affiliates to, join in the execution of any such Tax Returns and other documentation.
CONTINUING CONNECTED TRANSACTIONS On 10 September 2012, Fuzhou Huihao entered into the Tenancy Agreement 1 with FHP Chain in relation to the lease of the Property 1 and the Property 2 by Fuzhou Huihao from FHP Chain. On the same date, Xxxxxx Xxxxx entered into the Tenancy Agreement 2 with FHP Chain in relation to the lease of the Property 3 and the Property 4 by Xxxxxx Xxxxx from FHP Chain. Each of the Tenancy Agreement 1 and the Tenancy Agreement 2 has a term with effect from 10 September 2012 and ending 31 March 2015. For each of the three years ending 31 March 2015, the aggregated annual consideration payable under the Tenancy Agreement 1 and the Tenancy Agreement 2 will be RMB982,416 which is equivalent to approximately HK$1,198,548. To the best knowledge, information and belief of the Directors having made all reasonable enquiry, FHP Chain is a company established in the PRC, and owned as to 50% by Xx. Xxxx Xxxxx (a nephew of Xx. Xxxx Xxxx Xxxxx and a brother of Xx. Xxxx Xxxxxxx, both are the Directors) and as to 50% by an Independent Third Party. Hence, FHP Chain is a connected person on the part of the Company. As the landlord under each of the Tenancy Agreement 1 and Tenancy Agreement 2 is the one and same person, namely FHP Chain and the leasing properties are on the same building, the transactions contemplated under the Tenancy Agreement 1 and the Tenancy Agreement 2 shall be aggregated and the aggregated annual consideration exceeds HK$1,000,000. As each of the percentage ratios (as defined in the GEM Listing Rules) for the aggregated annual consideration is less than 5%, the entering into of the Tenancy Agreement 1 and the Tenancy Agreement 2 are only subject to reporting and announcement requirements but are exempt from the independent Shareholders’ approval requirement under Chapter 20 of the GEM Listing Rules. * For identification purpose only INTRODUCTION On 10 September 2012, Fuzhou Huihao entered into the Tenancy Agreement 1 with FHP Chain in relation to the lease of the Property 1 and the Property 2 by Fuzhou Huihao from FHP Chain. On the same date, Xxxxxx Xxxxx entered into the Tenancy Agreement 2 with FHP Chain in relation to the lease of the Property 3 and the Property 4 by Xxxxxx Xxxxx from FHP Chain. The Tenancy Agreement 1 dated 10 September 2012 The principal terms of the Tenancy Agreement 1 are summarised as follows: Landlord: FHP Chain. To the best knowledge, information and belief of the Directors having made the reasonable enquiry, FHP Chain is a company established in the PRC, and owned as to 50% by Xx. Xxxx Xxxxx (a nephew of Xx. Xxxx Xxxx Xxxxx and brother of Xx. Xxxx Xxxxxxx, both are the Directors) and as to 50% by an Independent Third Party. Hence, FHP Chain is a connected person on the part of the Company. As advised by the board of directors of FHP Chain, FHP Chain is principally engaged in retail of pharmaceutical and related products in Fujian Province, the PRC. Tenant: Fuzhou Huihao.
