Original Annual Caps definition

Original Annual Caps. The original annual caps of service fee under the Original Logistics Services Framework Agreement for a term not exceeding three years commencing from the date of approval by the Independent Shareholders at the SGM “Original Logistics Services Framework Agreement” the logistics services framework agreement entered into between the Company and VVLJV dated 3 December 2021 for a term not exceeding three years “Revised Annual Cap” The revised annual cap of service fee under the Original Logistics Services Framework Agreement revised by the Supplemental Logistics Services Framework Agreement for the period commencing from 1 April 2022 to 31 March 2023 “Supplemental Logistics Services Framework Agreement” The supplemental agreement dated 31 March 2022, entered into between the Company and VVLJV for the revision of the Original Logistics Services Framework Agreement in relation to the term of the provision of logistics services by VVLJV to the Company as well as from the Original Annual Caps to the Revised Annual Cap By Order of the Board Mongolia Energy Corporation Limited Tang Chi Kei Company Secretary Hong Kong, 31 March 2022
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Original Annual Caps the existing annual cap amounts pursuant to the 360 Master Purchase Agreement as set out in the section headed “REVISED ANNUAL CAPS UNDER THE SUPPLEMENTAL AGREEMENT” in this announcement “Prospectus” the prospectus of the Company dated 26 September 2019 “Revised Annual Caps” the revised annual cap amounts pursuant to the 360 Master Purchase Agreement (as supplemented by the Supplemental Agreement) as set out in the section headed “REVISED ANNUAL CAPS UNDER THE SUPPLEMENTAL AGREEMENT” in this announcement
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Original Annual Caps the annual cap amounts in respect of the Master Leasing Agreement
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Examples of Original Annual Caps in a sentence

  • The Board therefore proposes to revise the Original Annual Caps under the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement for each of the three years ending 31 December 2021, 2022 and 2023.

  • The Directors estimate that the maximum transaction value under the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement for each of the three years ending 31 December 2021, 2022 and 2023 will exceed the Original Annual Caps as disclosed in the announcement dated 16 October 2020 and the circular dated 9 November 2020.

  • The provision of deposit services by Minmetals Finance is subject to the Original Annual Caps, being a daily balance of RMB2,000 million (equivalent to approximately HK$2,323.6 million).

  • In view of the above, on 1 September 2021, the Group enters into the Supplemental 2019 CCT Agreements with Huangyan Water Supply and Taizhou Luqiao Water Supply to revise the Original Annual Caps to the Further Revised Annual Caps.

  • The Board confirms that the Original Annual Caps for each of the two years ending 31 December 2016 and 2017 have not been exceeded as at the date of this announcement.

  • Despite being time consuming and requiring travel (Hoggart et al, 2002), utilising the home for conducting interviews leads to a more relaxed and open conversational environment (Valentine, 1997).

  • After considering the sales amounts for the six months ended 30 June 2021 under the Existing CCT Agreements and in view of the continuing and anticipated market demands for raw water supply services in the year ending 31 December 2021, the Directors expect that the Original Annual Caps will not be sufficient to cover all transactions contemplated under the Existing CCT Agreements for the year ending 31 December 2021.

  • Given the Group’s new and/or upcoming projects, including but not limited to the New Macao Project, the Group’s demand for vessels is likely to increase and as such, the Board expects that the Original Annual Caps will be insufficient to meet such demand.

  • In another words, the Original Annual Caps approved by the Independent Shareholders in 2020 will not be sufficient to meet the Company’s needs in upcoming years.

  • In order to sufficiently cover the confirmed PRC projects and overseas projects which may be obtained upon successful bidding, based on the best estimates of the management of the Company, the Company decides to revise the Original Annual Caps to the Revised Annual Caps.


More Definitions of Original Annual Caps

Original Annual Caps the existing maximum aggregate annual value of polysilicon materials and granular silicon to be sold by Xxxxxxx Xxxxxxxxx (by itself or through its subsidiaries) to the Purchasers under the Procurement Framework Agreement as determined by the Board
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Original Annual Caps the annual caps in respect of estimated aggregate amount purchased from members of the Supplier’s Group under the Master Agreement for the financial year ended/ ending 30 April 2020, 2021 and 2022 as disclosed in the Previous Announcement;
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Original Annual Caps the annual maximum aggregate amounts (excluding all applicable tax) in respect of the transactions under the Original 2021-2023 Gu Jia Procurement Agreement for the three years commencing from 1 January 2021 to 31 December 2023 “Original 2021-2023 Gu Jia Procurement Agreement” the procurement agreement dated 18 December 2020 and entered into between the Company (for itself and on behalf of its subsidiaries) (as supplier) and Gu Jia Household (for itself and on behalf of its subsidiaries) (as purchaser) in relation to the sale and purchase of polyurethane foams for the three years commencing on 1 January 2021 and ending on 31 December 2023 “percentage ratios” has the meaning ascribed to it under the Listing Rules
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Original Annual Caps the annual cap amounts in respect of the Transactions as disclosed in the announcement of the Company dated 28 November 2011 “Revised Annual Caps” the revised annual cap amounts in respect of the Transactions for each of the two years ending 30 June 2014 as set out on page 2 of this announcement “Revision of Annual Caps” the revision of the Original Annual Caps for each of the two years ending 30 June 2014, respectively
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Original Annual Caps the original annual cap amounts for the two financial years ending 30 June 2022 and 2023 in respect of the CTFE Master Services Agreement as disclosed in the announcement of the Company dated 24 April 2020 “Revised Annual Caps” the proposed annual cap amounts for the two financial years ending 30 June 2022 and 2023 in respect of the CTFE Master Services Agreement, as supplemented by the Supplemental Agreement and as disclosed in this announcement
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Related to Original Annual Caps

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Annual Caps The annual caps for the transactions under the New Procurement Agreement for each of the three years ending 31 December 2019 are RMB9,000,000, RMB12,000,000 and RMB15,000,000. Such annual caps are determined based on (i) the historical transaction value of the fabric products purchased by Haosha Industry from Haosha Garments; (ii) the prevailing market price of similar products; and (iii) the expected increase in demand for such products by Haosha Industry in the coming three years.

  • Annual Cap means for any calendar year an amount equal to fifteen percent (15%) of the outstanding principal amount of A Bonds as of January 1 of such calendar year. The Company has the right to reserve up to one-third of this fifteen percent (15%) limit for Bonds redeemed as a result of a Bondholder’s right upon death, disability or bankruptcy as described in the Indenture.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Current Annual Compensation means the greater of:

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

  • Average annual payroll means the average of the annual

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Pro-rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Total Nominal Amount means the total aggregate Nominal Amount of the Bonds outstanding at the relevant time.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Final average salary means whichever of the following is greater:

  • Annual Compensation means an amount equal to the greater of:

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Group I Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Group II Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the Maximum Cap Rate for the Group I Certificates and the Maximum Cap Rate for the Group II Certificates and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period.