Other Principal Terms Sample Clauses
Other Principal Terms. During the term of the Framework Agreement, the Group and Yonyou Xinfushe Group will, from time to time, enter into separate specific business contracts for each specific transaction under the Framework Agreement as necessary to set out the specific service contents and details of the transactions contemplated thereunder. The Framework Agreement shall apply to the specific business contracts (if any) entered into by the Group and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Group in respect of the transactions under the Framework Agreement, and in the event of inconsistency between the contents of such specific business contracts and those of the Framework Agreement in any material aspect (including but not limited to pricing policies), the Framework Agreement shall prevail.
Other Principal Terms. If necessary, the Company’s subsidiaries and the Member Company may enter into separate trademark licence agreements with COGTM on the same terms and conditions as set out above and subject to the Caps, and pay 1% of the its audited annual consolidated turnover for each financial year ending on 31 December 2023, 2024 and 2025 as royalty. For the avoidance of doubt, the Company shall not be liable to pay COGTM (or person designated by COGTM) in accordance with the New Trademark Licence Agreement for any royalty already paid by its subsidiaries and the Member Company under their separate trademark licence agreements and vice versa. The total royalty payable under the New Trademark Licence Agreement by the Company, its subsidiaries and the Member Company for each of the 12-month period between 1 April 2023 and 31 March 2026 shall not exceed HK$200 million. The Caps are calculated with reference to the following factors:
1. the historical amounts of the royalty paid or payable under the Previous Trademark Licence Agreement were as follows:
(i) for the period from 1 April 2020 to 31 March 2021: HK$200 million;
(ii) for the period from 1 April 2021 to 31 March 2022: HK$200 million; and
(iii) for the period from 1 April 2022 to 31 March 2023: HK$200 million.
2. the royalty charged by other licensors for similar transactions, the prevailing market conditions and the inflation. The Shareholders should note that the Caps represent the best estimates by the Directors of the amount of the relevant transactions based on the information currently available. The Caps bear no direct relationship to, nor should they be taken to have any direct bearings on, the Group’s financial or potential financial performance. The Trademark, which has been registered as a well-known trademark in PRC, is a sought-after famous brand in PRC property market. The Board believes that it is in the best interests of the Company to enter into the New Trademark Licence Agreement as the usage of the Trademark in the Group’s businesses in PRC will promote sales volume and command more competitive pricing so as to enhance the value of its real estate developments. The Directors (including the independent non-executive Directors) are of the view that as far as the Shareholders are concerned, the New Trademark Licence Agreement (together with the Caps) has been entered into in the ordinary and usual course of the business of the Company and on normal commercial terms after arm’s length negotitations b...
Other Principal Terms of the [REDACTED] Investments Basis of determination of the valuation and
Other Principal Terms. During the effective term of the Framework Agreement, the Company and Unicredit Company and their respective subsidiaries will, from time to time, enter into separate specific business agreements for each specific transaction under the Framework Agreement as necessary to set out the specific service contents and details of the transactions contemplated thereunder. The specific business agreements entered into between the Company and Unicredit Company and their respective subsidiaries in respect of corporate information collection and processing technology services (if any) shall be consistent with the various stipulations under the Framework Agreement. In the event of inconsistency between the contents of such specific business agreements and those of the Framework Agreement in any material aspect (including but not limited to the pricing policy), the Framework Agreement shall prevail.
Other Principal Terms. 10 5. Information on ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇. . . . . . . . . . . . . . . . . . . . . . . . . 12 6. Rationale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 7. Financial Effects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Other Principal Terms. The following is a summary of some of the other principal terms of the 2010 Management Agreement:
Other Principal Terms