DESCRIPTION OF THE ISSUER Sample Clauses

DESCRIPTION OF THE ISSUER. 70 DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT . . . . . . . . . . . . . . . . . . . . . . . 90 DESCRIPTION OF MATERIAL INDEBTEDNESS AND OTHER OBLIGATIONS . . . . . . . . . 94 TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 PRC REGULATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PRC GAAP AND IFRS . . . . . . . 113 SUBSCRIPTION AND SALE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114 GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118 INDEX TO FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-1 SUMMARY The summary below is only intended to provide a limited overview of information described in more detail elsewhere in this Offering Circular. As it is a summary, it does not contain all of the information that may be important to prospective investors in deciding whether to invest in the Notes. Prospective investors should read the entire Offering Circular, including the section entitled “Risk Factors” and the financial statements and related notes thereto, before making an investment decision. OVERVIEW Founded in August 2004, the Issuer is the first licensed AFC in China and has an operating history of over 17 years. The Issuer has achieved sustained profitability since the first full financial year following its establishment and has strived for balanced development in terms of scale and quality through business innovation and optimisation of the resources available to it. The Issuer believes it enjoys a market-leading position in terms of its scale of assets and net profit. As at 30 September 2021, it had total assets of approximately RMB116 billion. As a Sino-foreign joint venture backed by SAIC-GM, the Issuer has historically focused on providing auto finance products and services for SAIC-GM brand vehicles. In recent years, benefiting from its strong risk management capability as well as effective business development effort, the Issuer has continued to expand its business to cover auto brands other than those owned by SAIC-GM with its retail finance business now covering most automobile brands in the domestic market in China. The Issuer has formed strategic partnerships with a numb...
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DESCRIPTION OF THE ISSUER. OVERVIEW The Issuer is a limited liability company incorporated under the BVI Business Companies Act, 2004 of the British Virgin Islands (BVI Company Number: 2049886). It was incorporated in the British Virgin Islands on 8 December 2020. The Issuer is a wholly-owned subsidiary of the Guarantor. The registered office of the Issuer is Xxxxxx House, Wickhams Cay II, PO Xxx 0000, Xxxx Xxxx, Xxxxxxx XX0000, Xxxxxxx Xxxxxx Islands. BUSINESS ACTIVITY The Issuer was established with full capacity to carry on or undertake any business or activity, do any act or enter into any transaction and has full rights, powers and privileges for the above purposes pursuant to the objects and powers set out in its memorandum of association. As at the date of this Information Memorandum, the Issuer does not carry on and has not carried on any business other than entering into arrangements for the issue of the Bonds and the Issuer has no outstanding debt and no contingent liabilities. As at the date of this Information Memorandum, the Issuer has no subsidiaries and no material assets or liabilities. SOLE DIRECTOR The sole director of the Issuer is Xxxx Xx. The sole director of the Issuer does not hold any shares or options to acquire shares of the Issuer.
DESCRIPTION OF THE ISSUER. Description of the Issuer Sirrah Funding III Limited (the "Issuer") is a special purpose vehicle established for the purpose of issuing asset backed securities and was incorporated in Ireland as a private limited company on 7 November 2008, with registered number 464095, under the Companies Acts 1963 to 2006 of Ireland (the "Companies Acts"). The registered office of the Issuer is at 0 Xxxxxxxx Xxxxx, Xxxxxxxx Xxxx, Xxxxxx 0, Xxxxxxx, with phone number +000 0 000 0000 and facsimile number +000 0 000 0000. The authorised share capital of the Issuer is €1000 divided into 1000 ordinary shares of par value €1 each (the "Shares" and each a "Share"). The Issuer has issued one Share which is fully paid and held by Capita Trust Nominees No. 1 Limited (the "Share Trustee"). Under the terms of a declaration of trust (the "Declaration of Trust") dated 11 November 2008, the Share Trustee holds the Share on trust for a specified charity named therein. The Share Trustee has no beneficial interest in and derives no benefit (other than any fees for acting as Share Trustee) from its holding of the Shares. The Share Trustee will apply any income derived from the Shares solely for the above purposes. None of the Custodian, the Trustee or any company affiliated with any of them directly or indirectly, owns any of the share capital of the Issuer. Capita Trust Company (Ireland) Limited (the "Corporate Services Provider"), an Irish company, acts as the corporate services provider for the Issuer. The principal office of the Corporate Services Provider serves as the general business office of the Issuer. Through the office and pursuant to the terms of a corporate services agreement made on 14 November 2008, as amended and restated on the Refinancing Closing Date between the Issuer and the Corporate Services Provider (the "Corporate Services Agreement"), the Corporate Services Provider performs various management functions on behalf of the Issuer, including the provision of certain clerical, reporting, accounting, administrative and other services until termination of the Corporate Services Agreement. In consideration of the foregoing, the Corporate Services Provider receives various fees and other charges payable by the Issuer at rates agreed upon from time to time plus expenses. The terms of the Corporate Services Agreement provide that either party may terminate the Corporate Services Agreement upon the occurrence of certain stated events, including any material breach by the ot...
DESCRIPTION OF THE ISSUER. OVERVIEW The Issuer is an integrated financial institution that offers a wide range of financial products and services in Hong Kong. The Issuer has developed a robust business model with diversified sources of income and strives to achieve international standards in its product and service offerings. The Issuer received the ISO 9001 (Quality Management System) and ISO 10002 (Complaints Management System & Customer Satisfaction) accreditations in 2008. The Issuer’s principal business lines currently include:
DESCRIPTION OF THE ISSUER. OVERVIEW Founded in August 2004, the Issuer is the first licensed AFC in China and has an operating history of over 17 years. The Issuer has achieved sustained profitability since the first full financial year following its establishment and has strived for balanced development in terms of scale and quality through business innovation and optimisation of the resources available to it. The Issuer believes it enjoys a market-leading position in terms of its scale of assets and net profit. As at 30 September 2021, it had total assets of approximately RMB116 billion. As a Sino-foreign joint venture backed by SAIC-GM, the Issuer has historically focused on providing auto finance products and services for SAIC-GM brand vehicles. In recent years, benefiting from its strong risk management capability as well as effective business development effort, the Issuer has continued to expand its business to cover auto brands other than those owned by SAIC-GM with its retail finance business now covering most automobile brands in the domestic market in China. The Issuer has formed strategic partnerships with a number of automobile manufacturers to cooperate in launching multi-channel marketing activities and offering auto financing solutions for their key vehicle models. Leveraging SAIC-GM’s extensive dealer network, which covers all provinces, municipalities and autonomous regions in the PRC, the Issuer is able to provide auto loans and related services to retail customers and auto dealers across the country. As at 30 September 2021, the Issuer’s retail finance business and wholesale loan business covered, respectively, 322 and 293 cities nationwide, including Beijing, Shanghai, Guangzhou and Shenzhen, as well as other lower-tier cities. As at the same date, the Issuer had enabled over 8.2 million customers in China to purchase their own cars with its financing solutions. The Issuer’s strong credit profile has allowed it to access diversified sources of funding to support its operation and growth. In recent years, the Issuer has expanded its cooperation with banks and successfully tapped into the domestic capital market with bond issuances and asset securitisation. In addition, as a member of the National Association of Financial Market Institutional Investors, the Issuer is authorised to access the national interbank lending market to satisfy its funding needs, which is only accessible to selected financial institutions. The Issuer attaches great importance to the manage...
DESCRIPTION OF THE ISSUER 

Related to DESCRIPTION OF THE ISSUER

  • Description of the Transfer The details of the transfer and of the personal data are specified in Annex B. The parties agree that Annex B may contain confidential business information which they will not disclose to third parties, except as required by law or in response to a competent regulatory or government agency, or as required under clause I(e). The parties may execute additional annexes to cover additional transfers, which will be submitted to the authority where required. Annex B may, in the alternative, be drafted to cover multiple transfers. ANNEX A

  • Description of the Services 1.1 The scope of the service to be rendered is described more fully in the Annexures and Schedules referred to below: ❑ Annexure A – Scope / Specification ❑ Annexure C – Pricing Schedule 2 DELIVERABLES AND COMPLETION DATE The Deliverables, due for completion by and governed by this Schedule 1. In the event that the Service Provider fails to meet the delivery dates as agreed, the following penalties will be imposed:

  • Description of the transfer(s) The details of the transfer(s), and in particular the categories of personal data that are transferred and the purpose(s) for which they are transferred, are specified in Annex I.B. Docking clause

  • Description of the service 9.1.1 Internet banking service implies an ability for the client to manage and receive remotely the following services from the bank by means of using the special Internet-site of the bank xxxxx://xxx.xxxxxxxxxxxxxxx.xx:

  • DESCRIPTION OF THE WORKS Employer’s objectives The scope of the request includes the recommended monthly preventative, quarterly and annual maintenance that needs to be conducted to ensure all areas of the airports are lit and compliant. It will include all the other adhoc request (labor rates) where required upon approval by the maintenance manager. The compliance will be based on the following: • Maintenance as per OEM • Organizational guidelines and codes of practice • OHS act 93 – Occupational Health and Safety • ISO 9001 – Quality management • ISO 14001 – Environmental Management • SANS 10142 – The wiring code • ICAO Annex 14 chapter 5. • ACSA Maintenance Procedure D060 024M This scope entails the maintenance and repair of LV systems and all lighting at Costal airports. In brief, maintenance involves servicing, repairs, and testing of lights and LV systems. This involves carrying out maintenance on electrical equipment such as LV DBs, electrical plant, wiring enclosures and luminaires and associated control systems, portable appliances and other specific electrical equipment, in order to minimize downtime, and ensure that the equipment performs at optimal levels and functions to specification at the specified areas. Servicing - performing routine preventive maintenance as prescribed by the original equipment manufacturer (OEM), ACSA’s planned maintenance routines, and applicable legal and design standards. Repairs – responding to breakdowns, callouts and restoring the equipment to safe working conditions on an as and when basis. Advisory – telephonically guiding airport electricians under emergency situations to ensure systems are safely shutdown or returned to service within stringent times. System Performance Test – Testing equipment performance against the OEM, ACSA, and statutory requirements for compliance and return to service purposes. Extent of the works The Contractor will be fully responsible for meeting all requirements in this document regarding the Works. For each piece of equipment, all work will be carried out to standards as required by the Original Equipment Manufacturer (OEM) as well as any applicable governing law and/or regulations. Where OEM standards differ from those required by this document the more stringent requirement shall apply. The Contractor will be fully responsible for obtaining (and keeping up to date with) said requirements. The proposed minimum scheduled maintenance activities can be found in annex H.

  • Description of Program This Agreement is established to facilitate an exchange program at the partner institution with students, faculty and researchers from each institution (collectively, the “Exchange Program”). The student exchange program enables students from one university to take classes at the other university while working towards a degree at the university where he or she is formally enrolled (individually, the “Student Exchange”) and to encourage faculty members and researchers from each university to visit the other university and engage in certain activities (individually, the “Faculty/Researcher Exchange”). [Substitute the purpose of your program if different.] For purposes of this Agreement, with respect to the Student Exchange, the term “Home University” shall mean the institution in which a student is formally enrolled as a degree candidate, and “Host University” shall mean the institution that has agreed to receive students from the Home University for a period of study. With respect to the Faculty/Researcher Exchange, as used herein, “Home University” shall mean the university where the faculty member and/or researcher is normally employed, and “Host University” shall mean the university that the faculty member and/or researcher is visiting.

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is a two bedroom service apartment unit, intermediate lot bearing postal address of No. A-20-10, Xxxxxx A, Residensi Southkey Mozek, Persiaran Southkey Utama, Kota Xxxxxxxx, 00000 Xxxxx Xxxxx, Xxxxx. RESERVE PRICE: The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM486,000.00 (RINGGIT MALAYSIA FOUR HUNDRED AND EIGHTY SIX THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the consent being obtained by the Purchaser from the Developer and other relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authorities. Any arrears of quit rent, assessments and service or maintenance charges which may be lawfully due to any relevant authority or the Developer up to the date of auction sale of the property shall be paid out of the purchase money upon receipt of full purchase price. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne by the successful Purchaser. Online bidders are further subject to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Xxxxxxx’s Order in favour of UOBM for CHOONG LIP PONG or remit the same through online banking transfer, one (1) working day before auction date. The balance of the purchase money shall be paid by the Purchaser within one hundred and twenty (120) days from the date of auction sale to UNITED OVERSEAS BANK (MALAYSIA) BHD via Real Time Electronics Transfer of Funds and Securities (XXXXXX). For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx. on the manner of payment of the deposit. FOR FURTHER PARTICULARS, please contact M/S CHUA & PARTNERS, of Suite 8-12A-6, Xxxxx 00X, Xxxxxx Xxxxxxx, Xx. 0, Xxxxx Xxxx Xxxxxx, 00000 Xxxxx Xxxxxx. (Ref No.: MHH/UOB/A924/22/ChoongLipPong, Tel No. 00-0000 0000 / 00-0000 0000, Fax No.: 00-0000 0000) solicitors for the Assignee herein or the undermentioned Auctioneer. EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO’ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Xxxxx X-00-0X, Xxxxx 00, Xxxxx X, Xxxxx Xxxxxx II, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 & 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: XXXXX/UOB0477/CP(2) Website: xxx.xxxxxxxxxxxxxxxx.xxx E-mail: xxxx@xxxxxxxxxxxxxxxx.xxx OR Unit Xx. 0.00, 0xx Xxxxx, Xxxxxx XXX, Xx. 0, Xxxxx Xxxx Xxxx Xxxxx, 80000 Johor Bahru, Johor. H/P EN JO: 012-742 1763 (Marketing) PERISYTIHARAN JUALAN DALAM PERKARA MENGENAI PERJANJIAN PINJAMAN XXX SURATIKATAN PENYERAHAN HAK KEDUA-DUANYA BERTARIKH 06HB SEPTEMBER, 2016 ANTARA UNITED OVERSEAS BANK (MALAYSIA) BHD [No. Pendaftaran: 199301017069/271809-K] PIHAK PEMEGANG SERAHHAK/BANK XXX XXXXXX LIP PONG (NO K/P.: 820721-01-5979) PIHAK PEMINJAM / PIHAK PENYERAHHAK Dalam menjalankan xxx xxx kuasa xxxx telah diberikan kepada Pihak Pemegang Serahhak/Bank dibawah Perjanjian Pinjaman xxx Suratikatan Penyerahan Hak Kedua-duanya bertarikh 06hb September, 2016 diantara Pihak Penyerahhak, Pihak Pelanggan xxx Pihak Pemegang Serahhak/Bank yang diperbuat dalam perkara diatas, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut dibawah. AKAN MENJUAL HARTANAH YANG DIHURAIKAN DI BAWAH SECARA LELONGAN AWAM SECARA ATAS TALIAN PADA 11HB JANUARI 2023BERSAMAAN HARI RABU, JAM 3.00 PETANG, XX XXXXX WEB XXX.XXXXXXXXXXXXXXXX.XXX Bakal pembida boleh mengemukakan bida untuk hartanah dalam talian melalui xxx.xxxxxxxxxxxxxxxx.xxx (Untuk pembidaan dalam talian, xxxx daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelong untuk tujuan pendaftaran & pengesahan) NOTA: Xxxxx-xxxxx pembeli adalah dinasihatkan agar membuat perkara-perkara yang berikut sebelum jualan lelong:-

  • DESCRIPTION OF PROJECT The project for which PSP agrees to provide Professional Services is generally described as [Insert Brief Description of Project] (hereinafter referred to as the “Project”), as further described in Exhibit A, PSP’s Proposal dated [Insert Date and Proposal Number if provided], attached hereto and incorporated herein for all purposes and consisting of [Text] (Insert Number) pages.

  • Description of Processing Include a description of how the disclosed information will be processed by each receiving party.

  • Description of Projects Services

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