AND BASIS OF DETERMINATION Sample Clauses

AND BASIS OF DETERMINATION. There is no historical transaction amount for the transactions in respect of the Zhanjiang Water Supply Agreement. The proposed caps set for the transactions contemplated under the Zhanjiang Water Supply Agreement (the “Proposed Caps”) are as follows: Period / Year Estimated sale volumes (ton) Estimated revenue (Note 1) (tax inclusive) (RMB) Proposed Caps (Note 2) (tax inclusive) (RMB)
Sample 1
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AND BASIS OF DETERMINATION. Historical transaction amounts There has been no historical transaction in relation to the factoring financing services between SG Yunchuang and Beiqing Smart. Annual Caps and basis of determination The SHNE Directors and SDHG Directors propose that the transaction amounts under the Factoring Agreement for the two years ending 31 December 2024, will not exceed: For the financial year(s) ending 31 December 2023 2024 RMB RMB (approx.) (approx.) Maximum Factoring Credit Limit plus interest payable by Beiqing Smart 243,500,000 252,200,000 The Annual Caps are determined with reference to the maximum Factoring Credit Limit to be granted by SG Yunchuang, the interest rate under the Factoring Agreement and the capital turnover and business needs of the SHNE Group.
Sample 1
AND BASIS OF DETERMINATION. There is no revision of the Annual Caps for both the annual Management Fee and annual Variable Lease Payment, which shall be RMB6,000,000 per year. However, the period end date for each of the Annual Cap under the Entrusted Management Period and the Lease Period will be changed as result of the Amendments. The Annual Caps and the respective period/year end date thereof are set out below: During the Entrusted Management Period During the Lease Period For the nine months from 1 October 2022 to 30 June 2023 For the three months from 1 July 2023 to 30 September 2023 For each year from 1 October 2023 to 30 September 2027 For each year from 1 October 2027 to 30 September 2042 (RMB) (RMB) (RMB) (RMB) Management Fee payable to E Park Operation 4,500,000 - - - Variable Lease Payment payable by E Park Operation - 1,500,000 6,000,000 6,000,000 The Annual Caps for the annual Management Fee are determined after taking into account the following principal factors: (i) the estimated cost and expenditure for the improvement of facilities of the Project and maintenance thereafter; (ii) the estimated cost and expenditure for optimizing, upgrading and iterating of intelligent parking management system; (iii) the estimated cost for daily operation and service; (iv) the growth of the consumer price index; (v) the parking industry and market development; and (vi) a reasonable buffer to cater for disbursement that may become payable under the terms of Amended Agreement and for any upwards adjustments including inflation or otherwise and taking into account the possible fit- out or alteration works to be conducted to improve the quality of service and user experience. The Annual Caps for the annual Variable Lease Payment are determined after taking into account the following principal factors: (i) the future commercial development of Xxxxx’an Xxxxx, including the increase of enterprises, shops, brands and other tenants; (ii) the growth of traffic volumes of the Project; (iii) the value brought by parking service to the Project; (iv) the synergistic effect of the Shougang Park and Xxxxx’an Xxxxx with the Project; and (v) the sharing ratios between E Park Operation and Shoushi Changtai of the Variable Lease Payment during the Lease Period. In the event the annual Management Fee or the annual Variable Lease Payment is likely to exceed the Annual Caps, Shoushi Changtai shall cooperate with E Park Operation to comply with applicable Listing Rules and to obtain all necessary approvals ...
Sample 1
AND BASIS OF DETERMINATION. The annual caps for the transactions contemplated under the CR Textiles Procurement Framework Agreement and the CR Fashion Procurement Framework Agreement for the year ending 31 December 2022 are expected to be RMB22.0 million (equivalent to approximately HK$24.4 million) and RMB20.0 million (equivalent to approximately HK$22.2 million) respectively. The annual caps were determined with reference to factors including (i) the variety and quality of products and the level of services expected to be received from CR Textiles and CR Fashion, (ii) the Group’s business needs from 2020 to 2022, and (iii) the historical transaction amounts under the individual contracts entered into in the past. Set out below are the aggregate actual transaction amounts: CR Textiles CR Fashion Aggregate Amount RMB million HK$ equivalent million RMB million HK$ equivalent million RMB million HK$ equivalent million actual transaction amount for the year ended 31 December 2018 16.4 18.9 13.3 15.6 29.7 34.5 actual transaction amount for the eight months ended 31 August 2019 9.4 10.7 10.1 11.6 19.5 22.3
Sample 1
AND BASIS OF DETERMINATION. Proposed Annual Caps for the Deposits The proposed annual caps for the deposit portion under the Car Parking Space Exclusive Sales Agency Agreement for the three years ending 31 December 2022, 2023 and 2024 are set out in the table below: For the period ending 31 December For the year ending 31 December For the year ending 31 December 2022 (RMB: million) 2023 (RMB: million) 2024 (RMB: million) Deposit portion under the Car Parking Space Exclusive Sales Agency Agreement 205.01 205.04 205.02 The above proposed annual caps were determined based on (a) the expected number of the Designated Car Parking Spaces which will be sold by the Group under the Car Parking Space Exclusive Sales Agency Agreement; (b) the recent transaction prices of comparable car parking spaces within the locality of the Designated Car Parking Spaces; and (c) the base price standards for sales determined by the Group and Jiayuan International Group.
Sample 1

Related to AND BASIS OF DETERMINATION

  • Accounting Terms and Determinations Unless otherwise specified herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP.

  • Calculations and determinations The Calculation Agent shall in respect of each Series of Notes in relation to which it is appointed as such:

  • Interest determination (a) Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will, subject as provided below, be either:

  • Accounting Terms; GAAP Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

  • Salary Determination 12.5.1 A unit member shall receive a salary not less than the minimum salary nor more than the maximum salary (Articles 12.3 and 12.4) for the rank to which appointed, except as provided in Articles 4.15, 5.6, 10.6.1 or Article 10.6.1.1. The effective dates for salaries shall be the appropriate dates specified in Article 12.2.2.

  • Penalty Determination H&SC section 39619.7 requires CARB to provide information on the basis for the penalties it seeks. This Agreement includes this information, which is also summarized here. The provision of law the penalty is being assessed under and why that provision is most appropriate for that violation. The penalty provision being applied in this case is H&SC section 42402 et seq. because IIT sold, supplied, offered for sale, consumer products for commerce in California in violation of the Consumer Products Regulations (17 CCR section 94507 et seq.). The penalty provisions of H&SC section 42402 et seq. apply to violations of the Consumer Products Regulations because the regulations were adopted under authority of H&SC section 41712, which is in Part 4 of Division 26. The manner in which the penalty amount was determined, including aggravating and mitigating factors and per unit or per vehicle basis for the penalty. H&SC section 42402 et seq. provides strict liability penalties of up to $10,000 per day for violations of the Consumer Product Regulations with each day being a separate violation. In cases like this, involving unintentional violations of the Consumer Products Regulations where the violator cooperates with the investigation, CARB has obtained penalties for selling uncertified charcoal lighter material in California. In this case, the total penalty is $7,500 for selling uncertified charcoal lighter material in California. The penalty in this case was reduced because this was a strict liability first-time violation and IIT made diligent efforts to cooperate with the investigation. To come into compliance, IIT no longer offers Safegel BBQ & Fireplace Lighting Gel Fire Starter for commerce in California. Final penalties were determined based on the unique circumstances of this matter, considered together with the need to remove any economic benefit from noncompliance, the goal of deterring future violations and obtaining swift compliance, the consideration of past penalties in similar negotiated cases, and the potential cost and risk associated with litigating these particular violations. The penalty reflects violations extending over a number of days resulting in quantifiable harm to the environment considered together with the complete circumstances of this case. Penalties in future cases might be smaller or larger on a per ton basis. The final penalty in this case was based in part on confidential financial information or confidential business information provided by IIT that is not retained by CARB in the ordinary course of business. The penalty in this case was also based on confidential settlement communications between CARB and IIT that CARB does not retain in the ordinary course of business. The penalty also reflects CARB’s assessment of the relative strength of its case against IIT, the desire to avoid the uncertainty, burden and expense of litigation, obtain swift compliance with the law and remove any unfair advantage that IIT may have secured from its actions. Is the penalty being assessed under a provision of law that prohibits the emission of pollution at a specified level, and, if so a quantification of excess emissions, if it is practicable to do so. The Consumer Product Regulations do not prohibit emissions above a specified level, but they do limit the concentration of VOCs in regulated products. In this case, a quantification of the excess emissions attributable to the violations was not practicable.

  • Effect of Later Determination In the event the parties agree or a court of competent jurisdiction determines (or the parties agree to settle with a consent determination) that a default is wrongful or not the fault of the Contractor, the termination shall be considered to be a Termination for Convenience and the sole remedy available to the Contractor shall be the contractual treatment of the termination as termination for convenience pursuant to Section 23.0 above and without any other damages or relief.

  • INDEPENDENT PRICE DETERMINATION 6.1 By signing and submitting this bid, the Bidder certifies that the prices in this bid have been arrived at independently, without consultation, communication or agreement, for the purpose of restricting competition, as to any matter relating to such prices with any other Bidder or with any competitor; unless otherwise required by law, the prices which have been quoted in this bid have not been knowingly disclosed by the Bidder prior to bid opening directly or indirectly to any other Bidder or to any competitor; no attempt has been made, or will be made, by the Bidder to induce any person or firm to submit, or not to submit, a bid for the purpose of restricting competition.

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • Interpretation of results 2.1.3.1. In the case of all vehicles except those of categories M3, N2 and N3, the time t shall not exceed 20 seconds.

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