Well Property definition
Examples of Well Property in a sentence
Only such Material shall be purchased for or transferred to the Well Property as may be required for immediate use or is reasonably practical and consistent with efficient and economical operations.
Upon completion of the Acquisition, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ will become wholly owned by Glory Well Property and, indirectly, by PYI.
In March 2006, Glory Well Property entered into a share transfer agreement to acquire a further 15% equity interest from the Seller at a consideration of US$375,000.
The City and County shall have no duty or responsibility to arrange to supply water from any source other than the Well Facilities and Well Property, and Generation II and MNSP shall make the payments required by this Section 4 whether or not water, or sufficient quantities of water, are supplied.
The Directors announce that, on 28 November 2006, Glory Well Property, a wholly-owned subsidiary of PYI, entered into a share transfer agreement to acquire the remaining 25% equity interest in Jiangsu Wanhua at a consideration of US$625,000.
In June 2006, the transfer was completed and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ became 75% owned by Glory Well Property and 25% owned by the Seller.
Water ▇▇▇▇▇ and associated facilities, including pumps and pumping stations, metering, valves, controls, and other equipment, electrical installations, fencing and security devices, pipes and piping, and all other personal property, equipment and fixtures or other improvements constructed or to be constructed on the Well Property as part of the water well system developed by the City hereunder.
The previous acquisition of a 15% equity interest in Jiangsu Wanhau by Glory Well Property from the Seller was a de minimis connected transaction for PYI and was exempt from any disclosure or shareholders’ approval requirement under the Listing Rules pursuant to Rule 14A.31(2)(a).
The City and County shall have no duty or responsibility to arrange to supply water which will be treated at the Water Treatment Plant from any source other than the Well Facilities and Well Property.