TVBI definition
Examples of TVBI in a sentence
Since October 2012, TVBI and TVBO have had similar arrangements with TVB (Overseas), a direct wholly-owned subsidiary of TVBC.
TVBI and TVBO first entered into the licensing and supply agreements with TVB (Overseas), a wholly-owned subsidiary of TVBC, in 2012, which were subsequently renewed in 2015 by entering into the Existing Licensing Agreement and the Existing Supply Agreement run from 1 January 2016 to 31 March 2018.
During the Supply Period, TVBI shall supply, in aggregate, 4,500-hour in-stock programmes to TVBC.
Currently, TVBI and TVBO supply the Licensed Programmes and the related TV broadcasting and marketing materials in the PRC to TVB (Overseas) pursuant to the Existing Licensing Agreement and the Existing Supply Agreement.
The Board announces that in contemplation of the expiry of the Existing Licensing Agreement and the Existing Supply Agreement by the end of March 2018, on 21 March 2018, TVBI (a direct wholly-owned subsidiary of the Company) and TVBO (an indirect wholly-owned subsidiary of the Company) entered into the Licensing Agreement and the Supply Agreement with TVBC, respectively, principal terms of which are set out below.
The VENDORS hereby jointly and irrevocably appoint and designate TVBI to act on behalf of the VENDORS for the purposes of receiving the relevant notice, deciding, confirming and agreeing on the matters under this Agreement.
Pursuant to the Licensing Agreement, each year TVBI shall supply a total of 530 episodes of new dramas and sitcoms, and not less than 1,000 episodes of new and in-stock variety programmes to TVBC.
If any payment has been made by the PURCHASER to TVBI and/or BPO, TVBI shall, and ensure BPO to, refund such payment in full within five (5) BUSINESS DAYS after the termination of this Agreement to the PURCHASER, but the VENDORS shall be entitled use the refund to offset the liquidated damages payable by it under this Agreement.
TVBI is a direct wholly-owned subsidiary of the Company incorporated in Hong Kong and is principally engaged in programme licensing business.
Per: [Company chop of Beijing Central Media Co., Ltd.(i.e. Beijing Century Media Co., Ltd.)] /s/ ------------------------------ Authorized Signatory TVBI For and on behalf of HUNAN TV & BROADCAST INTERMEDIARY CO., LTD., Per: [Company chop of Hunan TV & Broadcast Intermediary Co., Ltd.] /s/ ------------------------------ Authorized Signatory SZCO For and on behalf of SHENZHEN RONGHAN INVESTMENT CO., LTD.