Basis of Proposed Annual Caps Sample Clauses

Basis of Proposed Annual Caps. The proposed annual caps under the 2021-2023 Site Resource Service Framework Agreement set out above are determined based on the following: • the historical transaction amounts set out above and their increasing trend; • the explosive growth in the overall demand for informatization and information transmission across the industry brought by the rapid development of technologies such as Internet of Things, big data and AI; • against the background of the above industry development, due to the continuous growth of the business scale of CMCC and its associates, leveraging on the dedicated Internet access resources and integrated solution capabilities, CMCC’s and its associates’ business of providing comprehensive information services for the informatization of various industries having been developing rapidly. As a result, their demands for the site resource service provided by the Group are expected to increase rapidly as well; and • preliminary cooperation intentions under negotiations and already agreed currently in various regions in the PRC between CMCC and its associates and the Group on future provision of site resource service. Reasons and Benefits of the Transaction Entering into the 2021-2023 Site Resource Service Framework Agreement can streamline the provision of site resource service by the Group to CMCC and its associates and enable the Group to manage such transactions efficiently. Entering into the 2021-2023 Site Resource Service Framework Agreement with the proposed annual caps would encourage CMCC and its associates to obtain such service from the Group and would therefore be beneficial to the Company. Entering into the 2021-2023 Site Resource Service Framework Agreement is (i) in the ordinary and usual course of business of the Company; (ii) on normal commercial terms; and (iii) fair and reasonable, and in the interests of the Company and its shareholders as a whole. The proposed annual caps under the 2021-2023 Site Resource Service Framework Agreement for the three years ending 31 December 2021, 2022 and 2023 are also fair and reasonable, and are in the interests of the Company and its shareholders as a whole. THE MATERIALS PROCUREMENT FRAMEWORK AGREEMENT WITH CTC As disclosed in the Prospectus, the Company has in its ordinary and usual course of business procured materials from CTC and its associates on normal commercial terms such as softwares and accessories and parts required by business, and each of the applicable percentage ratios f...
Sample 1
AutoNDA by SimpleDocs
Basis of Proposed Annual Caps. The proposed annual caps under the Materials Procurement Framework Agreement set out above are determined based on the following: • the historical figures and the increase of transaction amount of relevant transactions; • the historical revenue, growth rate and the expected future development of the TSSAI business; • the expected increase in the price of materials to be procured; and • preliminary cooperation intentions under negotiations currently and already agreed in various regions in the PRC between CTC and its associates and the Group on future procurement of materials.
Sample 1
Basis of Proposed Annual Caps. The annual caps are based on the estimated amount of cash generated from the Group’s business activities, the relevant benchmark rates set by PBOC and the anticipated financial services requirement of the Group from the effective date of the Financial Services Framework Agreement to the end of 2016.
Sample 1
Basis of Proposed Annual Caps. In arriving at the above proposed annual caps, the Company has considered the following principal factors: Under the Machinery Equipment and Accessories Sales Framework Agreement, the products and services provided by us to CRCC and/or its associates mainly consist of two types, namely (i) the various kinds of large railway track maintenance machines and other related or ancillary products and services; and (ii) other machines and railway equipment, facilities and materials and other related or ancillary products and services.
Sample 1

Related to Basis of Proposed Annual Caps

  • Proposed Annual Caps The proposed annual caps for the transactions contemplated under the Packaging Material Supply Master Agreement for the three years ending 31 December 2020 and the five months ending 31 May 2021 are set out below: Year ending 31 December 2018 Year ending 31 December 2019 Year ending 31 December 2020 Five months ending 31 May 2021 Transactions RMB (million) RMB (million) RMB (million) RMB (million)

  • Evaluation Cycle: Annual Orientation A) At the start of each school year, the superintendent, principal or designee shall conduct a meeting for Educators and Evaluators focused substantially on educator evaluation. The superintendent, principal or designee shall:

  • Calculation of Annual Leave Pay Annual leave shall be paid at the employee’s ordinary weekly wage rate for ordinary hours for the period of annual leave (excluding shift allowances and weekend payments but including leading hand allowance); plus an amount equal to 17.5% of the amount

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) 1/10th) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.

  • INDIVIDUAL CASE BASIS PRICING 42.1. Individual Case Basis (ICB) pricing will be provided by Sprint upon request from the CLEC for customer specific rates or terms for network services and features for UNEs that are not otherwise provided for in this Agreement.

  • PRICING OF After Hours Coefficient What is your after hours coefficient for the RS Means Price Book for work performed after normal working hours? Remember that this is a ceiling price proposed. You can discount to any TIPS Member customer a lower coefficient than your proposed contract coefficient, but not higher. This is one of three pricing questions that are required for consideration for award on this solicitation. Please consider your answer carefully. An explanation of the TIPS scoring of pricing titled "Pricing Coefficient Instruction" is included in the attachments for your information. The below is an EXAMPLE of how the pricing model works (It is not intended to influence your proposed coefficient, you should propose a coefficient that you determine is reasonable for your business for the life of the contract): The most common after hours coefficient is time and a half of the RS Means Unit Price Book prices. To illustrate this coefficient, if your regular hours coefficient is .95, your after hours coefficient would be 1.45.

  • Form B - Contractor’s Annual Employment Report Throughout the term of the Contract by May 15th of each year the Contractor agrees to report the following information to the State Agency awarding the Contract, or if the Contractor has provided Contract Employees pursuant to an OGS centralized Contract, such report must be made to the State Agency purchasing from such Contract. For each covered consultant Contract in effect at any time between the preceding April 1st through March 31st fiscal year or for the period of time such Contract was in effect during such prior State fiscal year Contractor reports the:

  • Accrual of Annual Leave (1). Full-time employees appointed for more than nine (9) months, except employees on academic year appointments, shall accrue annual leave at the rate of 6.769 hours biweekly or 14.667 hours per month (or a number of hours that is directly proportionate to the number of days worked during less than a full-pay period for full-time employees), and the hours accrued shall be credited at the conclusion of each pay period or, upon termination, at the effective date of termination. Employees may accrue annual leave in excess of the year end maximum during a calendar year. Employees with accrued annual leave in excess of the year end maximum as of December 31, shall have any excess converted to sick leave on an hour-for-hour basis on January 1 of each year.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime.

  • JOC - PRICING OF After Hours Coefficient What is your after hours coefficient for the RS Means Price Book for work performed after normal working hours? (FAILURE TO RESPOND PROHIBITS PART 2 JOC EVALUATION) Remember that this is a ceiling price proposed. You can discount to any TIPS Member customer a lower coefficient than your proposed contract coefficient, but not higher. This is one of three pricing questions that are required for consideration for award on this solicitation. Please consider your answer carefully. An explanation of the TIPS scoring of pricing titled "Pricing Coefficient Instruction" is included in the attachments for your information. The below is an EXAMPLE of how the pricing model works (It is not intended to influence your proposed coefficient, you should propose a coefficient that you determine is reasonable for your business for the life of the contract): The most common after hours coefficient is time and a half of the RS Means Unit Price Book prices. To illustrate this coefficient, if your regular hours coefficient is .95, your after hours coefficient would be 1.45.

Time is Money Join Law Insider Premium to draft better contracts faster.