Examples of Novation Agreements in a sentence
Each of the builders under the Novation Agreements is a wholly-owned subsidiary of CSSC Group, which is an indirect controlling shareholder of the Company holding approximately 74.99% of the issued share capital of the Company, and therefore is a connected person (as defined in the Listing Rules) of the Company.
The guarantees cover all milestone payments under the Novation Agreements between the subsidiaries and New Times Shipbuilding Co., Ltd.
COSCO SHIPPING and its associates and those who are interested in the Assignment and Novation Agreements and the transactions contemplated thereunder will be required to abstain from voting on the resolution in relation to the Assignment and Novation Agreements and the transactions contemplated thereunder.
If the Declaration of Commercial Feasibility is postponed, as provided for in paragraphs 13.4 and 13.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility.
Set out below is the summarised key terms of the Assignment and Novation Agreements.