Examples of Tenancy Agreement in a sentence
The Board has negotiated with and has reached the Tenancy Agreement with the Landlords to continue to use the Premises with a total gross area of 13,878 square feet as the Group’s office premises.
Xx. Xxxxx Xxx Xxxx XXXXX has abstained from voting on the relevant Board resolutions approving the Tenancy Agreement.
The Directors, including the Independent Non-executive Directors of the Company, consider that the Tenancy Agreement is on normal commercial terms, that its terms are fair and reasonable and in the interests of the Company and its Shareholders as a whole, that the Aggregate Annual Caps are fair and reasonable, and that the entering into of the Tenancy Agreement is in the ordinary and usual course of business of the Group.
Since the Landlords are companies controlled by Xx. XXXX, Xxx Xxxx Xxxxxxxxxxx, Xx. XXXX, Xxx Xxx and Xx. XXXX, Tak Xxx as joint and several administrators of the Estate of Xxxx Xxxx and are associates of connected persons of the Company under Chapter 14A of the Listing Rules, the Tenancy Agreement constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules.
The terms of the Tenancy Agreement have been arrived at arm’s length negotiations between the parties and are on normal commercial terms.