TTCL definition
Examples of TTCL in a sentence
Based on the preliminary assessment, it is expected that the Remaining Group will record a book gain of approximately HK$24.2 million, being the difference between the Consideration and the adjusted net asset value of SYOL Group and TTCL Group of approximately HK$77.0 million and approximately HK$55.8 million respectively as at 31 March 2017.
I hereby acknowledge that I have read, understood, and agree to all Terms and Conditions outlined by TTCL.
Upon Completion, the Purchaser will hold 100% issued share capital of SYOL and TTCL.
The parties agree that no act or omission of TTCL (including any related failure to satisfy any Obligations) will constitute fraud, negligence or breach of duty of TTCL for the purposes of clause 15.8 to the extent to which the act or omission was caused or contributed to by any failure of the Trustee or any other person to fulfil its obligations relating to the Trust or by any other act or omission of the Trustee or any other person.
The obligation of the Trustee to indemnify TTCL and the right of TTCL to be indemnified out of the Assets are limited.
The Board intends to continue to engage the TTCL Group, and the TTCL Group intends to continue selling to the Group, such Garment Products after the Completion.
The Sale Shares comprise the SYOL Sale Shares (representing the entire issued share capital of SYOL) and the TTCL Sale Shares (representing the entire issued share capital of TTCL) immediately prior to Completion.
The TTCL Group will sell and the Remaining Group will purchase the Garment Products in accordance with the terms of the Framework Purchase Agreement.
No attorney, agent or other person appointed in accordance with this Deed has authority to act on behalf of TTCL in a way which exposes TTCL to any personal liability and no act or omission of such a person will be considered fraud, negligence or breach of duty of TTCL for the purposes of clause 15.8.
Holdings will derive substantial indirect benefits from any credit facilities made available by BMO to each of TTCL and its subsidiaries.