company shall be authorized to terminate the agreement on the appointment of the fund supervisor; (5) provision that in the case that the management company fails to request the unitholders’ resolution for
approval process of the project, which delays due to change in policy on procedure and the license approval process of the licensing agency, which is the Department of Energy, Ministry of Energy, the
procedure and the license approval process of the licensing agency, which is the Department of Energy, Ministry of Energy, the Philippines. It is still in the process of reviewing additional documentation
Energy, Ministry of Energy, the Philippines. It is still in the process of reviewing additional documentation from the Ministry of Energy and we have not been able to conclude any progress. Posting to the
repayment period. In the case where NML defaults in payment, the Company shall have the right to terminate the agreement by giving written notice to NML requiring it to remedy such default within a period of
Residences, Bangkok (“RCR”) of MahaNakhon project as well as the ability to repay loans during the year. Furthermore, the investments from Apollo had resulted in the ability to terminate the outstanding debts
MahaNakhon project. As a result, the Company was able to repay loans during the period. Apart from that, the capital increase from the fund of Apollo had resulted in the ability to terminate the outstanding
and approve the entering into the transaction. The Company expected to terminate the lease agreement and receive full payment within the first quarter of 2018 after obtaining the approval from the