Operation Services Agreement Sample Clauses

Operation Services Agreement. The provisions of Section 2.06 (Claims), Article IV (Safety) and Section 5.01 (General Principles Regarding Relationship of the Parties) of the Operational Services Agreement (whether or not such agreement is in effect, terminated, suspended or expired) are incorporated by reference into this Agreement, mutatis mutandis.
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Operation Services Agreement. Reference is made to the Company’s announcement dated 26 November 2019 in relation to the 2019 Operation Services Agreement entered into among the Company, Geely Holding and XXXX & CO, pursuant to which (i) the Group agreed to provide to the Geely Holding Group and XXXX & CO Group operation services that mainly include IT, logistics, finance, human resources and other administrative functions; and (ii) the Group agreed to procure from the Geely Holding Group operation services that mainly include manufacturing engineering services, construction management services and other engineering services for a term from 26 November 2019 to 31 December 2021. Reference is also made to the Company’s announcement dated 5 October 2018 in relation to the 2018 Business Travel Services Agreement entered into between the Company and Geely Holding, pursuant to which the Geely Holding Group agreed to provide, and the Group agreed to procure, certain business travel services (including but not limited to, the booking of air tickets, accommodations and other transportations, and exhibition and conference related services). The 2018 Business Travel Services Agreement has a term of three years from 1 January 2019 to 31 December 2021. Taking into consideration (i) the upcoming expiry of the 2019 Operation Services Agreement and the 2018 Business Travel Services Agreement; and (ii) the similar nature of expenses incurred by the Group under the 2019 Operation Services Agreement and the 2018 Business Travel Services Agreement, on 15 October 2021 (after trading hours), the Company, Geely Holding and XXXX & CO entered into the Operation Services Agreement to streamline the continuing connected transactions in relation to the provision of operation services and business travel services for a term of three years from 1 January 2022 to 31 December 2024. The principal terms of the Operation Services Agreement are summarised below: Date 15 October 2021 (after trading hours) Parties The Company, Geely Holding and XXXX & CO Please refer to the paragraph headed “Non-exempt Continuing Connected Transactions – (A) Services Agreement – Parties” in this announcement for further details regarding the Company and Geely Holding. XXXX & CO is a Chinese-foreign equity joint venture of the Company established in the PRC and is owned as to 50% by Zhejiang Jirun, as to 20% by Geely Holding and as to 30% by VCI as at the date of this announcement. VCI is owned as to 97.8% by Geely Holding. XXXX & CO is prin...
Sample 1
Operation Services Agreement. Reference is made to the Company’s announcement dated 26 November 2019 in relation to the 2019 Operation Services Agreement entered into among the Company, Geely Holding and XXXX & CO, pursuant to which (i) the Group agreed to provide the Geely Holding Group and XXXX & CO Group operation services that mainly include IT, logistics, finance, human resources and other administrative functions; and
Sample 1
Operation Services Agreement. On 26 November 2019, the Company, Geely Holding and XXXX & CO entered into the Operation Services Agreement pursuant to which (i) the Group agreed to provide to the Geely Holding Group and XXXX & CO Group operation services that mainly include IT, logistics, finance, human resources and other administrative functions; and (ii) the Group agreed to procure from the Geely Holding Group operation services that mainly include manufacturing engineering services, construction management services and other engineering services for a term from the date of the Operation Services Agreement to 31 December 2021. The proposed annual caps of the service fees receivable by the Group under the Operation Services Agreement for the three years ending 31 December 2021 are approximately RMB159.1 million, RMB1,198.4 million and RMB1,964.5 million, respectively. The proposed annual caps of the service fees payable by the Group under the Operation Services Agreement for the three years ending 31 December 2021 are approximately RMB51.8 million, RMB207.3 million and RMB269.5 million, respectively.
Sample 1
Operation Services Agreement. The principal terms of the Operation Services Agreement are summarised below: Date 26 November 2019 Parties The Company, Geely Holding and XXXX & CO Please refer to the paragraph headed “Exempted continuing connected transactions – (A) CBUs Sales Agreement – Parties” for further details regarding Geely Holding. Please refer to the paragraph headed “Exempted continuing connected transactions – (B) R&D and Technology Support Agreement – Parties” for further details regarding XXXX & CO. Subject matter Pursuant to the Operation Services Agreement, (i) the Group agreed to provide to the Geely Holding Group and the XXXX & CO Group, operation services that mainly include IT, logistics, finance, human resources and other administrative functions; and (ii) the Group agreed to procure from the Geely Holding Group operation services that mainly include manufacturing engineering services, construction management services and other engineering services. The provision of operation services by the Group or the Geely Holding Group under the Operation Services Agreement will be conducted on normal commercial terms and on terms no less favourable to the Company than terms available to or from (as applicable) other independent third parties to the Company. Pricing basis Pursuant to the Operation Services Agreement, the service fee of the operation services will be determined on the basis of arm’s length negotiations between the relevant parties. The parties will refer to the market price of similar services, and if there is no such reference, the price will be determined based on the costs incurred for providing the relevant services plus a margin rate with reference to the cost-plus-margin rate of the comparable companies providing similar services as stated in the transfer pricing analysis reports prepared by an independent certified public accountant firm (the “Operation Services Transfer Pricing Analysis Reports”). The margin rate will be reviewed and adjusted on a yearly or as-needed basis by the relevant parties taking into account the fact that the margin rate of comparable companies may change over time. Term From the date of the Operation Services Agreement to 31 December 2021 Condition precedent The Operation Services Agreement is subject to the Company having complied with the relevant requirements of the Listing Rules with regard to the continuing connected transactions contemplated under the Operation Services Agreement. If the above condition has not been fulfi...
Sample 1
Operation Services Agreement. The services to be provided by the Group pursuant to the Operation Services Agreement will be primarily for the XXXX & CO Group, the Proton Group and other companies associated with the Geely Holding Group. With established history in the automobile industry, the Group already possesses the administrative resources and experience in the operation of IT, logistics, finance, human resources and other administrative functions. The manufacturing engineering services, construction management services and other engineering services to be provided by the Geely Holding Group is for the continuous management in the construction and modification stage of the Group’s existing and new production plants. Since 2017, the Group has acquired nine manufacturing plants from the Geely Holding Group which were still under development at the times of the acquisitions. The initial preparation and construction stage of these plants were managed by staff from the Geely Holding Group prior to the acquisitions. The Directors are of the view that the entering into of the Operation Services Agreement is beneficial to the Group as (i) the operation services to be provided by the Group to the Geely Holding Group and the XXXX & CO Group are charged with reasonable margin rates over the actual costs, which will bring in additional revenue and income to the Group; and (ii) the operation services to be provided by the Geely Holding Group to the Group will provide relevant expertise to the Group in managing the construction and modification process of the Group’s existing and new production plants. Furthermore, the operation services to be provided to the Geely Holding Group and the XXXX & CO Group will be on terms no less favourable than those offered to the Geely Holding Group and the XXXX & CO Group by other independent third parties. Having considered the foregoing, the Directors (including the independent non-executive Directors) are of the view that the CBUs Sales Agreement and the R&D and Technology Support Agreement are entered into in the ordinary and usual course of business of the Group and on normal commercial terms. Although the Operation Services Agreement is not entered into in the ordinary and usual course of business of the Group, the Directors (including the independent non-executive Directors) are of the view that it is entered into on normal commercial terms. Furthermore, the Directors (including the independent non- executive Directors) are of the view that the terms an...
Sample 1
Operation Services Agreement 
Sample 1
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Related to Operation Services Agreement

  • Services Agreement “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • Transition Services The Purchasers will provide to the Sellers termination assistance as reasonably requested in order to provide an orderly transition following the termination of the Agreement (or any portion thereof), and the Sellers will provide to the Purchasers reasonable cooperation and assistance in connection therewith. In connection with this transition assistance, the Purchasers and Sellers will reasonably cooperate in the transition of the Services from the Purchasers to any Replacement Provider. With respect to the Serviced Appointments subject to termination, the Sellers shall provide the Purchasers with notice of the effective date (each, a “Transition Effective Date”) of the transition of the Services to a Replacement Provider. Notwithstanding any termination of the Agreement (or any portion thereof) in accordance with this Article II, with respect to the Serviced Appointments subject to termination, the rights and obligations of the parties under the Servicing Agreement shall remain in effect until the applicable Transition Effective Date.

  • Service Agreement Refers to the Contract, Purchase Order or Terms of Service or Terms of Use. Student Data: Student Data includes any data, whether gathered by Provider or provided by LEA or its users, students, or students’ parents/guardians, that is descriptive of the student including, but not limited to, information in the student’s educational record or email, first and last name, birthdate, home or other physical address, telephone number, email address, or other information allowing physical or online contact, discipline records, videos, test results, special education data, juvenile dependency records, grades, evaluations, criminal records, medical records, health records, social security numbers, biometric information, disabilities, socioeconomic information, individual purchasing behavior or preferences, food purchases, political affiliations, religious information, text messages, documents, student identifiers, search activity, photos, voice recordings, geolocation information, parents’ names, or any other information or identification number that would provide information about a specific student. Student Data includes Meta Data. Student Data further includes “Personally Identifiable Information (PII),” as defined in 34 C.F.R. § 99.3 and as defined under any applicable state law. Student Data shall constitute Education Records for the purposes of this DPA, and for the purposes of federal, state, and local laws and regulations. Student Data as specified in Exhibit “B” is confirmed to be collected or processed by the Provider pursuant to the Services. Student Data shall not constitute that information that has been anonymized or De-Identified, or anonymous usage data regarding a student’s use of Provider’s services.

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