Credit Services Sample Clauses
Credit Services. As the highest applicable percentage ratio (as defined in Rule 14.07 of the Listing Rules) in respect of the Daily Credit Cap of the Group with Shougang Finance Company exceeds 0.1% but is less than 5%, the provision of the Credit Services by Shougang Finance Company to the Group under the Financial Services Framework Agreement is subject to the reporting, announcement and annual review requirements but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Credit Services. Pursuant to the New Financial Assistance Agreement, JCC Financial will provide credit services (including but not limited to loan services, discounted notes, commercial note acceptance, guarantee, overdraft, accounts receivable factoring and finance leases) to JCC Group. JCC Financial and JCC agreed that the total daily outstanding balance of the credit services by JCC Financial to JCC Group shall not exceed RMB2,000 million or the total daily amount of deposits in JCC Financial maintained by members of JCC Group. JCC Group agreed to provide joint and several credit guarantee to JCC Financial for loans provided to members of JCC Group. In the event that any member of JCC Group breaches the terms of the New Financial Assistance Agreement or implementation agreements in utilising the credit services, resulting in JCC Financial being unable to recover all or part of the loans, JCC Financial is entitled to offset the loan (including but not limited to the interests, default interest, penalty and other expenses in realising the debt) provided by JCC Financial to members of JCC Group from the deposit of JCC Group in JCC Financial. The amount of credit services provided to JCC Group by JCC Financial shall in no event exceed the proposed cap under the New Financial Assistance Agreement, and shall be offered on normal commercial terms or better terms to JCC Financial. Interest rates for such loans charged by JCC Financial will be payable by JCC Group on a monthly or quarterly basis depending on the terms of the loan agreements to be entered into between the parties and are subject to the relevant guidelines and regulations of PBOC, with reference to the loan prime rate (LPR) promulgated by the PBOC or at a rate not lower than those offered by other domestic financial institutions to JCC Group for loan service of the same nature.
Credit Services. Shougang Finance Company shall provide comprehensive credit services to the Group, including loans, acceptance of xxxxx, xxxx discounting, guarantees and other forms of capital financing businesses. The loan interest rate and fee provided by Shougang Finance Company to the Group shall not be higher than the interest rate or fee of the same type of credit services quoted by other domestic or overseas financial institutions under the same terms and conditions, and shall be determined on arm’s length negotiations between the parties in accordance with normal commercial terms. The Daily Credit Cap of the Group with Shougang Finance Company is RMB300,000,000 during the Term.
Credit Services. Titan shall assist the Company in identifying and obtaining cost-effective sources of financing consistent with the needs of Titan and its affiliated companies. Subject to entering into a reimbursement agreement, Titan may provide the Company with corporate guaranties or other credit support in connection with the Company's direct external financing transactions.
Credit Services. DFS shall perform the following services in connection with Greenwood’s credit card and such other loan products as the parties find mutually agreeable:
(i) approving or denying applications for credit in accordance with Greenwood’s guidelines, including credit scoring models supplied by Greenwood or, if requested by Greenwood, developed by DFS and approved by Greenwood;
(ii) furnishing authorizations for purchases;
(iii) processing credit transactions;
(iv) establishing and maintaining account records in a form satisfactory to Greenwood and consistent with the computer programming parameters of DFS;
(v) reporting information on Greenwood’s customers to the various credit bureaus;
(vi) providing remittance processing services, which services shall include, without limitation;
(vii) embossing and distributing credit cards;
(viii) preparing monthly statements in a form satisfactory to Greenwood and consistent with the computer programming parameters of DFS; and
(ix) providing monthly delinquency reports.
(x) providing remittance processing services, which shall include without limitation:
(a) receiving remittances from the U.S. Postal Service;
(b) sorting;
(c) opening envelopes and extracting contents;
(d) assigning a payment transaction date;
(e) converting remittance to machine readable form (encoding/endorsing);
(f) maintaining security over all checks and cash received;
(g) depositing funds on the date received or no later than the next business day in a bank designated by, and in an account in the name of, Greenwood;
(h) doing other research as necessary to correctly apply payments to cardholders’ accounts; and
(i) handling postdated and returned checks, cash and returned card controls.
Credit Services. The internal control measures on the determination of interest rate or fee rate for the Credit Services are as follows:
1. The Group will enter into individual agreement(s) with Shougang Finance Company as and when necessary to ensure that the interest rate or fee rate of the Credit Services under the Financial Services Framework Agreement will be no less favourable to the Group than the interest rates or fee rates for the same type of credit services quoted by the other domestic or overseas financial institutions. The internal control measures on monitoring the proposed Daily Credit Cap in relation to the Credit Services are as follows:
1. The finance department of the Company will monitor the aggregate credit balances of the Group with Shougang Finance Company on a daily basis to ensure that the proposed Daily Credit Cap will not be exceeded. In addition, if the credit balance with Shougang Finance Company is expected to exceed the Daily Credit Cap, Shougang Finance Company shall inform the Company in a timely manner and the Group will arrange for credit services with other financial institutions;
2. The finance department of the Company will report to the management of the Company and provide updates on the credit arrangements with Shougang Finance Company on a monthly basis; and
3. The independent non-executive Directors and auditor of the Company will conduct an annual review with respect to the continuing connected transactions conducted by the Group throughout the preceding financial year (including the transactions relating to the Credit Services) and will provide annual confirmations pursuant to the requirements under the Listing Rules to ensure that the continuing connected transactions (including the transactions relating to the Credit Services) are in accordance with the terms of the Financial Services Framework Agreement and other relevant agreements governing such transactions, on normal commercial terms, fair and reasonable, and in accordance with the pricing policies and the proposed Daily Credit Cap.
Credit Services. During the term of this Agreement, the Company --------------- shall, either directly, through one or more of its subsidiaries or through one or more of its third party service providers, provide credit services to Sub including without limitation full credit checking and analysis and credit card processing for customer orders.
Credit Services. Credit services to be provided to the Group by CNAF are expected to be conducted on normal commercial terms or better, and not to be secured by the assets of the Group. Therefore, such transactions will be fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements for continuing connected transactions in accordance with Rule 14A.90 of the Hong Kong Listing Rules. The other financial services to be provided by CNAF to the Group will be carried out on normal commercial terms or better and the aggregate annual fees to be paid by the Group to CNAF for such services for each of the three years ending 31 December 2021, 2022 and 2023 are expected to fall below the de minimis threshold as stipulated under Rule 14A.76(1) of the Hong Kong Listing Rules. Therefore, such transactions will be fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements under the Hong Kong Listing Rules.
Credit Services and Borrower shall have executed and delivered the Credit Services Credit Agreement and the other "Loan Documents" referred to therein, which shall be in form and substance satisfactory to the Administrative Agent and the Required Lenders, and the Administrative Agent and the Required Lenders shall have received copies thereof, together with evidence that all conditions precedent to the effectiveness thereof have been satisfied and all transactions contemplated by the Credit Services Credit Agreement have been consummated.
Credit Services. LSB will provide credit services for ESI, as follows: LSB’s credit department will (i) assist ESI in the collection of ESI's receivables, (ii) receive ESI receivables and apply cash from the ESI receivables to the account of ESI, and (iii) make recommendations to ESI with respect to approval or denial of request for credit. Inability to collect any receivable, for any reason, shall be the sole and exclusive responsibility of ESI and LSB shall not have any liability in connection therewith.