Examples of Existing Purchase Agreement in a sentence
Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed thereto in the Existing Purchase Agreement, as amended by this Amendment (as amended, restated, supplemented or otherwise modified from time to time, the “Purchase Agreement”).
This Amendment is for all purposes a “Transaction Agreement” as defined in the Existing Purchase Agreement, and all references to the “Agreement” in the Existing Purchase Agreement shall include and incorporate this Amendment, as applicable.
Reference is made to the announcement of the Company dated 5 May 2015 and the circular of the Company dated 1 June 2015 in respect of the Existing Purchase Agreement for the purchase of the Products.
Except as expressly set forth herein, the foregoing consent is a limited consent and shall not constitute (i) a modification or alteration of the terms, conditions or covenants of the Existing Purchase Agreement or any other Transaction Agreement or (ii) a waiver, release or limitation upon the exercise by the Lenders of any of their respective rights, legal or equitable thereunder.
The New Purchase Agreement was entered into on 8 August 2013 between Technovator Beijing and Tongfang to terminate the Existing Purchase Agreement with a new term of three years from 1 January 2013 to 31 December 2015 and annual caps for the years ending 31 December 2013, 2014 and 2015, being RMB120 million, RMB150 million and RMB180 million, respectively.