NEW FRAMEWORK AGREEMENT Sample Clauses

The "New Framework Agreement" clause establishes the terms under which parties agree to enter into a new overarching contract that will govern their future transactions or collaborations. This clause typically outlines the process for negotiating, executing, and implementing the new agreement, and may specify timelines, key obligations, or transitional arrangements. Its core function is to provide a structured pathway for updating or replacing existing contractual relationships, ensuring both parties have clarity and mutual understanding as they move forward under revised terms.
NEW FRAMEWORK AGREEMENT. Bayannur Shengan Chemical Limited* (巴彥淖爾盛安化工有限責任公司) (“Bayannur Shengan”) is a domestic company established in the PRC and it is a 60%-owned subsidiary of the Group. It is principally engaged in the business activity of manufacturing and sale of civil explosives. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ will supply civil explosives to Ordos Beian. In addition, following the improvement in the domestic economy in the PRC and the surge in the mining blasting volume of the downstream mining enterprises in the neigbouring regions of Wuhai and Ordos, there is a recent increase in the amounts of the CCT. It is expected that the amount of CCT in the year ending 31 March 2018 will exceed the original annual cap set as RMB127,000,000. In light of the above, Shengan Chemical (Otog Banner) and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (as supplier) (collectively, “Suppliers”) and Ordos Beian (as customer) entered into a new framework agreement (“New Framework Agreement”) on 9 October 2017 so as to: (1) admit ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ as a new party to the CCT; (2) revise the term on proposed annual cap for the year ending 31 march 2018 as set out in the Ordos Beian Framework Agreement; and (3) extend the period to the financial year ended 31 March 2020. The Ordos Beian Framework Agreement was terminated on the same date of 9 October 2017.
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NEW FRAMEWORK AGREEMENT. (a) Parties (i) Kunming Dianchi Investment; and (ii) the Company. (b) Date of signature, effective date and term of the agreement
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NEW FRAMEWORK AGREEMENT. We refer to the announcement of the Company dated 30 December 2019 in relation to the Original Framework Agreement entered into between the Company and International Group, for a term commencing from 1 January 2020 to 31 December 2022. Since the Original Framework Agreement will expire on 31 December 2022 and the transactions contemplated thereunder will continue, the Board announces that on 29 December 2022, it has approved the Company to enter into the New Framework Agreement for a term commencing from 1 January 2023 to 31 December 2025. Pursuant to the New Framework Agreement, the Group and International Group and/or its associates agreed to conduct securities and financial transactions with each other and provide securities and financial products as well as financial services to each other, in our and their respective ordinary course of business based on normal commercial terms and market practices at prevailing market prices or rates.
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NEW FRAMEWORK AGREEMENT. We refer to the disclosure in relation to the Original Framework Agreement dated 21 March 2017 entered into between the Company and International Group, for a term commencing from the 11 April 2017 to 31 December 2019 under the section headed “Connected Transactions” in the prospectus of the Company dated 28 March 2017 in relation to the global offering of its H shares and the announcements dated 24 August 2018 and 31 October 2018 in relation to the supplemental agreement to the Original Framework Agreement entered into between the Company and International Group. Since the Original Framework Agreement will expire on 31 December 2019 and the transactions contemplated thereunder will continue to be entered into on a recurring basis, the Board announces that on 30 December 2019, the Company and International Group entered into the New Framework Agreement for a term commencing from 1 January 2020 to 31 December 2022. Pursuant to the New Framework Agreement, the Company and International Group agreed to conduct securities and financial transactions with each other and/or their respective associates, and provide securities and financial products as well as financial services to each other and/or their respective associates, in our and their respective ordinary course of business based on normal commercial terms and market practices at prevailing market prices or rates.
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NEW FRAMEWORK AGREEMENT. Reference is made to (i) the announcement of the Company dated 28 December 2018 in relation to the continuing connected transactions between the Company and Viva China Group under the 2018 Renewed Master Agreement and the 2018 New Master Sales Agreement and (ii) the announcement of the Company dated 13 September 2021 in relation to the continuing connected transactions between Li Ning China and Ningjuli under the Processing and Customization Agreement. The Previous Agreements will expire on 31 December 2021. As the Group intends to (i) continue to carry out the continuing connected transactions under the Previous Agreements after 31 December 2021 and (ii) expand the transaction scope, on 30 December 2021 (after trading hours), the Company and Viva China entered into the New Framework Agreement to set out the Relevant Transactions (as defined below) which may be entered into between member(s) of the Group and member(s) of Viva China Group. Pursuant to the New Framework Agreement, member(s) of the Group and member(s) of Viva China Group may enter into the following transactions (collectively, the “Relevant Transactions”), which will constitute continuing connected transactions of the Company:
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NEW FRAMEWORK AGREEMENT. The proposed annual caps (net of VAT) of the CCT for the year ending 31 March 2024 under the New framework Agreement are set out in the following table: (net of VAT) For year ending 31 March 2022 2023 2024 RMB RMB RMB Proposed annual caps 150,000,000 150,000,000 150,000,000 The proposed annual caps set out above are determined based on: (i) the annualized historical purchase amount in the year ended 31 March 2021, (ii) the internal projections of the maximum amount of major types of the Products that may potentially be purchased by Juli Engineering from Ordos Beian; and (iii) the estimated prices for the purchases of major types of the Products in 2022, 2023 and 2024. The Group is principally engaged in bulk mineral trade, manufacturing and sale of explosives and provision of blasting operations and related services. Juli Engineering is a subsidiary of the Group and is principally engaged in sale of explosives and provision of blasting operations and related services. Ordos Beian is principally engaged in supply of civil explosive equipment and materials in Qi Panjing, Ordos City, Inner Mongolia. Ordos Bejan has been a reliable supplier of the Group in respect of the supply of civil explosives and equipment. By entering into the New Framework Agreement, the Group can continue the strategic business relationship with Ordos Bejan which is beneficial for the stable operations of and business expansion of the Group. The Directors (including the independent non-executive Directors) are of the view that the entering into of the New Framework Agreement is in the ordinary and usual course of business of the Group and the terms of the New Framework Agreement (including the new annual caps) are fair and reasonable and in the interests of the Company and its Shareholders as a whole. None of the Directors has any material interest in the transactions contemplated under the New Framework Agreement, and none of them needs to abstain from voting on the board resolution approving the New Framework Agreement and the transactions contemplated thereunder. Ordos Beian is owned as to 55% by 內蒙古生力資源（集團）有限責任公司 (Inner Mongolia Shengli Resources Group Co., Limited*), which is the holding company of Jungar Banner ▇▇▇▇, which held 40% of equity interest in Shengan Chemical (Inner Mongolia) and is therefore a connected person of the Company at the subsidiary level. By virtue of Rule 20.99 of the GEM Listing Rules, as (i) Ordos Bejan is a connected person of the Company at the subsidi...
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Related to NEW FRAMEWORK AGREEMENT

  • Framework Agreement 4.1.2.1 The Parties shall enter into a Framework Agreement within 28 days after the Contractor receives the Letter of Acceptance, unless the Particular Conditions establish otherwise. The Framework Agreement shall be based upon FORM No. 3 – FRAMEWORK AGREEMENT annexed to the Particular Conditions. The costs of stamp duties and similar charges (if any) imposed by law in connection with entry into the Framework Agreement shall be borne by the Procuring Entity. 4.1.2.2 The Framework Agreement establishes the terms and conditions that will govern the contract awarded during the term of the Framework Agreement. The Framework Agreement establishes for the procurement works by package as and when required, over the specified period of time. The Framework Agreement does not commit a Procuring Entity to procure, nor a Firm to supply. The Framework Agreement allows the Procuring Entity to call the Contractor to commence the works on a particular package in a specified location within the duration of the agreement. 4.1.2.3 This Framework Agreement does not guarantee the contractor of being called for a contract to start and no commitment is made with regard to possible number of packages to carry out. 4.1.2.4 This Framework Agreement does exclude the Procuring Entity from the right to procure the same Works from other firms. 4.1.2.5 This Framework Agreement does not stop the Procuring Entity from removing the contractor from the same Agreement. 4.1.2.6 FAs shall be established for a maximum period of three (3) years. The Procuring Entity may with the Consent of the Contractor extend this Agreement if the agreement period is less than three (3) years, if the initial engagement has been satisfactory. 4.1.2.7 Call-off Contracts; for work on a package to start, the Procuring Entity shall issue a notice of acceptance of a particular package requesting the contractor to furnish a Performance Security and to start the works thereafter, and providing the contractor with details of location where the works, are to be carried out. The call-off statement shall specify the objectives, tasks, deliverables, timeframes and price or price mechanism. The price for individual call-off contracts shall be based on the prices detailed in the Framework Agreement.

  • TERM OF FRAMEWORK AGREEMENT The Framework Agreement shall take effect on the Commencement Date and (unless it is otherwise terminated in accordance with the terms of this Framework Agreement or it is otherwise lawfully terminated) shall terminate at the end of the Term.

  • SCOPE OF FRAMEWORK AGREEMENT 3.1 This Framework Agreement governs the relationship between the Authority and the Supplier in respect of the provision of the Services by the Supplier to the Authority and to Other Contracting Bodies.

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

  • COMMENCEMENT OF WORK UNDER A SOW AGREEMENT Commencement of work as a result of the SOW-RFP process shall be initiated only upon issuance of a fully executed SOW Agreement and Purchase Order.