CONFIRMATION BY THE BOARD Sample Clauses

CONFIRMATION BY THE BOARD. The Directors (including the independent non-executive Directors) are of the view that: (a) it is beneficial for the Group to enter into the New Lease Agreement as it will facilitate the operation and growth of the Group’s business; (b) the New Lease Agreement was entered into in the ordinary and usual course of business of the Group and will be conducted on normal commercial terms or better, and are fair and reasonable and in the interests of the Company and its Shareholders as a whole; and (c) the revised annual caps are fair and reasonable and in the interests of the Company and its Shareholders as a whole. On August 30, 2017, the Board considered and approved the resolutions in relation to the entering into of the New Lease Agreement and revised annual caps of the Transactions. As Xx. Xx Xxxx, an executive Director, is also one of the Lessors to the New Lease Agreement, he is deemed to have material interests in the New Lease Agreement. He has abstained from voting on the Board resolutions for approving the New Lease Agreement and the revised annual caps of the Transactions. As Xx. Xx Xxx is the sister of Xx. Xx Xxxx and hence a close associate of Xx. Xx Xxxx, Xx. Xx Xxx has also abstained from voting on the Board resolutions for approving the New Lease Agreement and the revised annual caps of the Transactions.
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CONFIRMATION BY THE BOARD. The Directors (including the independent non-executive Directors) are of the view that: (a) it is beneficial for the Group to enter into the 2018 Lease Agreements as they will facilitate the operation and growth of the Group’s business; (b) the 2018 Lease Agreements were entered into in the ordinary and usual course of business of the Group and will be conducted on normal commercial terms, and are fair and reasonable and in the interests of the Company and its Shareholders as a whole; and (c) the revised annual caps are fair and reasonable and in the interests of the Company and its Shareholders as a whole. On May 14, 2018, the Board considered and approved the resolutions in relation to the entering into of the 2018 Lease Agreements and revised annual caps of the Transactions. As Mr. Xx Xxxx, the Chairman of the Board and an executive Director, and Xx. Xx Xxx, an executive Director, are also two of the Lessors to the 2018 Lease Agreements, Xx. Xx and Xx. Xx are deemed to have material interests in the 2018 Lease Agreements. They have abstained from voting on the Board resolutions for approving the 2018 Lease Agreements and the revised annual caps of the Transactions. As Xx. Xx Xxxx is a brother of Xx. Xx Xxx and hence a close associate of Xx. Xx Xxx, Xx. Xx Xxxx has also abstained from voting on the Board resolutions for approving the 2018 Lease Agreements and the revised annual caps of the Transactions. DEFINITIONS “2018 Lease Agreements” the 2 new lease agreements both dated May 14, 2018 entered into between the Company and Founders and between the Company and Huikang Industrial, respectively
Sample 1
CONFIRMATION BY THE BOARD. The Directors, including the independent non-executive Directors, are of the view that the Financial Services Agreement is on normal commercial terms, which are fair and reasonable and are in the interest of the Company and the Shareholders as whole. The Directors, including the independent non-executive Directors, also believe that the terms and relevant maximum daily loan balance of the transactions thereunder are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.
Sample 1
CONFIRMATION BY THE BOARD. The Directors, including the independent non-executive Directors, are of the view that, the connected transaction under the Mining Right Leasing Agreement has been entered into on normal commercial terms in the ordinary and usual course of business of the Company, which are fair and reasonable and are in the interest of the Company and its Shareholders as a whole. The Directors, Xx. Xx Guohong, Xx. Xxxx Lijun and Ms. Xxxx Xxxxxxxx, also hold senior management positions in SDG Group Co., are deemed to have material interests in the connected transaction contemplated under the Mining Right Leasing Agreement and have abstained from voting on the relevant resolution of the Board. Save for the Directors mentioned above, none of the other Directors has or is deemed to have a material interest in the Mining Right Leasing Agreement.
Sample 1
CONFIRMATION BY THE BOARD. The Directors (other than the independent non-executive Directors who will form their view after considering the advice from Gram Capital and Xx. Xxx Shi who has abstained from voting due to his interest in the 2021 School Construction Framework Agreement), are of the view that, the terms of the 2021 School Construction Framework Agreement are fair and reasonable, on normal commercial terms and the 2021 School Construction Framework Agreement is entered into in the ordinary and usual course of business of the Group, and in the interests of the Company and the Shareholders as a whole. The Company’s Director, Xx Xxx Shi, being a controlling shareholder of the holding company of Nanyuan Construction, is deemed to have material interests in the continuing connected transactions contemplated under the 2021 School Construction Framework Agreement and has abstained from voting on the relevant resolution of the Board. Save for the Director mentioned above, none of the other Directors is or is deemed to have a material interest in the above transactions.
Sample 1
CONFIRMATION BY THE BOARD. The Directors, including the independent non-executive Directors, are of the view that, the above continuing connected transactions under the Financial Services Agreement have been entered into on normal commercial terms in the ordinary and usual course of business of CCCC Finance, are fair and reasonable and are in the interest of the Company and its Shareholders as a whole. The Directors, including the independent non-executive Directors, also believe that the terms and relevant maximum daily loan balance of the transactions thereunder are fair and reasonable and are in the interests of the Company and its Shareholders as a whole.
Sample 1
CONFIRMATION BY THE BOARD. The Board confirms that:
Sample 1
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Related to CONFIRMATION BY THE BOARD

  • Termination by the HSP (a) The HSP may terminate this Agreement at any time, for any reason, upon giving 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder provided that the Notice is accompanied by: satisfactory evidence that the HSP has taken all necessary actions to authorize the termination of this Agreement; and a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the termination and how the transition of the clients to new service providers will be effected within the six-month Notice period.

  • Termination by the Funder The Funder may terminate this Agreement by providing ten (10) calendar days written notice to the Claimholder after the occurrence of any of the following events. The notice shall reasonably describe the alleged breach which is the basis of such termination and clearly state the Funder’s intent to terminate this Agreement if the alleged breach is not cured within ten (10) calendar days of the Claimholder’s receipt of the notice.

  • Termination by the Commission The Commission may decide to terminate the agreement, without any indemnity on its part, in the following circumstances:

  • Termination by the Owner for Cause § 16.2.1 The Owner may terminate the Contract if the Contractor .1 repeatedly refuses or fails to supply enough properly skilled workers or proper materials;

  • Modification by the Parties The Parties may by mutual agreement amend the Appendices to this Agreement, by a written instrument duly executed by all three of the Parties. Such an amendment shall become effective and a part of this Agreement upon satisfaction of all Applicable Laws and Regulations.

  • Termination by the University i) The university may terminate this agreement under the following circumstances:

  • Termination by the School The School may terminate this agreement:

  • Termination by the Manager This Agreement may be terminated by the Manager if: (a) the Resident fails to check into their assigned Room within five (5) days of the first day of the Semester; (b) the Resident abandons their Room as detailed in section 8.03 of this Agreement; (c) the Resident decides not to accept the Room they were assigned, or any alternate rooms offered to them during the course of this Agreement; or (d) the Resident violates any of the terms of this Agreement, including violations of the Residence Community Living Standards or Institution Standards. Written Notice of Termination of Residency will be delivered to the Resident, and if necessary, the Manager may notify the Primary or Secondary Contact by phone or e-mail of the termination of the Resident’s residency. If the Resident is unavailable to receive service of the notice in person, then delivery of the notice to the Resident’s Room shall be deemed proper service and delivery. The Resident will be allowed 24 hours from the date and time of delivery of the Notice of Termination of Residency to fully vacate and remove all personal belongings from the Residence.

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

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