REASONS FOR ENTERING INTO THE SALES FRAMEWORK AGREEMENT Clause Samples

REASONS FOR ENTERING INTO THE SALES FRAMEWORK AGREEMENT. AND THE PROCUREMENT FRAMEWORK AGREEMENT
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REASONS FOR ENTERING INTO THE SALES FRAMEWORK AGREEMENT. The Directors consider that the entering into of the Sales Framework Agreement will broaden the revenue base of the Company and allow it to leverage on the sales network of the Parent Company and its subsidiaries in Shanghai and Hong Kong.
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REASONS FOR ENTERING INTO THE SALES FRAMEWORK AGREEMENT. The transactions contemplated under the Sales Framework Agreement are conducted in the ordinary and usual course of business of the Group. Members of Tong ▇▇▇ ▇▇▇▇ Ltd Group from time to time need the Chinese Medicine Products for the production of Chinese medicines and for sales. The Group owns subsidiaries that specialise in the procurement of the Chinese Medicine Products with good quality. The Company is of the view that the sale of the Chinese Medicine Products to the members of the Tong ▇▇▇ ▇▇▇▇ Ltd Group will enhance revenue of the Group in respect of the sales of Chinese Medicine Products and would be beneficial to the development of the Group’s business. The Directors (including the independent non-executive Directors) are of the view that the terms of the Sales Framework Agreement (i) have been negotiated on an arm’s length basis; (ii) have been conducted and will be conducted on normal commercial terms or better; (iii) are entered into in the ordinary and usual course of business of the Group; and (iv) are fair and reasonable and in the interests of the Company and its Shareholders as a whole. In order to effectively implement the Sales Framework Agreement, the Company has adopted the following internal control measures:
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Related to REASONS FOR ENTERING INTO THE SALES FRAMEWORK AGREEMENT

  • Pricing Instrument; Execution and Incorporation of Terms The parties hereto will enter into this Indenture by executing the Pricing Instrument. By executing the Pricing Instrument, the Indenture Trustee, the Registrar, the Transfer Agent, the Paying Agent, the Calculation Agent and the Trust hereby agree that the Indenture will constitute a legal, valid and binding agreement between the Indenture Trustee, the Registrar, the Transfer Agent, the Paying Agent, the Calculation Agent and the Trust. All terms relating to the Trust or the Notes not otherwise included herein will be as specified in the Pricing Instrument or Pricing Supplement, as indicated herein.

  • Omnibus Instrument; Execution and Incorporation of Terms The parties to this Coordination Agreement will enter into this Coordination Agreement by executing the Omnibus Instrument. By executing the Omnibus Instrument, each party hereto agrees that this Coordination Agreement will constitute a legal, valid and binding agreement by and among the Trust, Principal Life, PFG, PFSI, the Custodian and the Indenture Trustee. All terms relating to the Trust or the Notes not otherwise included in this Coordination Agreement will be as specified in the Omnibus Instrument or Pricing Supplement, as indicated herein.

  • Indemnification for Expenses of a Party Who is Wholly or Partly Successful Notwithstanding any other provisions of this Agreement except for Section 27, to the extent that Indemnitee was or is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection with each successfully resolved claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding, the Company also shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which Indemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

  • INDEMNIFICATION FOR EXPENSES OF A WITNESS Notwithstanding any other provision of this Agreement except for Section 27, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or deponent in any Proceeding to which Indemnitee was or is not a party or threatened to be made a party, Indemnitee shall, to the fullest extent permitted by applicable law, be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

  • Indemnification for Expenses as a Witness Notwithstanding any other provision of this Agreement except for Section 26 hereof, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.