FINANCIAL SERVICES AGREEMENT Clause Samples
FINANCIAL SERVICES AGREEMENT. The financial services agreement for the Year of 2016 between the Finance Company and Magang Group signed on 22 December 2015 will expire on 31 December 2016. On 29 December 2016, the Finance Company and Magang Group entered into the Financial Services Agreement for the Year of 2017, pursuant to which, the Finance Company agreed to provide Magang Group and its subsidiaries with deposit services, loan services and other financial services subject to the terms and conditions provided therein. The principal terms of the Financial Services Agreement are set out below: 29 December 2016
FINANCIAL SERVICES AGREEMENT. Date Parties
FINANCIAL SERVICES AGREEMENT. Eastern Air Finance Company is a non-bank finance company approved and regulated by the relevant PRC regulatory authorities including the PBOC and the National Financial Regulatory Administration. Eastern Air Finance Company is principally engaged in providing financial services to the group companies of CEA Holding. Please refer to the Company’s announcement dated 26 September 2022 and the Company’s circular dated 25 October 2022 for the background and history of the Existing Financial Services Agreement. On 4 July 2025, the Company entered into the Financial Services Agreement relating to the renewal of the Existing Financial Services Agreement with Eastern Air Finance Company, pursuant to which the Eastern Air Finance Entities agreed from time to time to provide the Group with a range of financial services including: (i) deposit services; (ii) comprehensive credit line services; and (iii) other financial services.
FINANCIAL SERVICES AGREEMENT. As one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of each of the provision of deposit services, bill discounting services and bill acceptance services under the Financial Services Agreement exceeds 25%, each of the provision of deposit services, bill discounting services and bill acceptance services under the Financial Services Agreement constitutes a major transaction and non-exempt continuing connected transactions of the Company, which is subject to the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14 and 14A of the Listing Rules. The loan services to be provided by Xiwang Finance Company to the Company under the Financial Services Agreement will constitute financial assistance to be provided by a connected person for the benefit of the Company. As such services are on normal commercial terms which are similar to or even more favourable than those offered by other commercial banks for comparable services in the PRC, and no security over the assets of the Company will be granted in respect of the loan services, the loan services are exempt under Rule 14A.90 of the Listing Rules from all reporting, announcement and Independent Shareholders’ approval requirements. The Company expects that each of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) of the fees payable by the Company to Xiwang Finance Company in respect of the provision of other financial services under the Financial Services Agreement will fall within the de minimis threshold as stipulated under Chapter 14A of the Listing Rules. The Company will comply with the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules if the fees payable by the Company to Xiwang Finance Company for the provision of other financial services under the Financial Services Agreement exceed the relevant de minimis threshold. The Company will also disclose the relevant details of the Financial Services Agreement in its next published annual report and accounts in accordance with the relevant requirements as set out in Rule 14A.49 of the Listing Rules. The provision of guarantee by Xiwang Group Company to the Group will constitute financial assistance to be received by the Group from a connected person. As the transactions under the Guarantee will be conducted on normal commercial terms or better and will not be secured over ...
FINANCIAL SERVICES AGREEMENT. On 27 December 2013, the Finance Company and Magang Group entered into the Financial Services Agreement, pursuant to which, the Finance Company agreed to provide Magang Group and its subsidiaries with deposit services, loan services and other financial services subject to the terms and conditions provided therein. The principal terms of the Financial Services Agreement are set out below: 27 December 2013 The Finance Company; and Magang Group The Financial Services Agreement shall be for a term commencing from 1 January 2014 to 31 December 2014.
FINANCIAL SERVICES AGREEMENT. (2014-2015)
FINANCIAL SERVICES AGREEMENT. The principal terms of the Financial Services Agreement are summarised as follows:
(a) Date
FINANCIAL SERVICES AGREEMENT. Date: 27 September 2017 Parties: (a) The Company Effective date and term Deposit services
FINANCIAL SERVICES AGREEMENT in view of PBOC’s liquidity regulation policies over domestic banks in the PRC, it is very important for the Group to be able to secure timely and sufficient financings from CNOOC Finance. There are two types of loans granted by CNOOC Finance to the Group: (1) loans where security over the Group’s assets is required to be created in favour of CNOOC Finance; and (2) loans where no security over the assets of the Group is required to be created in favour of CNOOC Finance. As no type (1) loan had been obtained since 2012 and the Group does not anticipate that any type (1) loan will be granted by CNOOC Finance to the Group in the future, all loans granted by CNOOC Finance to the Group (which were previously referred to as the transactions in respect of the provision of loans to the Company) now do not require any security over the Group’s assets. Therefore, these transaction contemplated thereunder constitute financial assistance provided by CNOOC Group to the Group which will be fully exempt from reporting, announcement and Independent Shareholders’ approval requirements under Rule 14A.90 of the Listing Rules. If any loan to be granted by CNOOC Finance to the Group in the future requires any security over the Group’s assets to be given in respect of such loan, the Group will duly comply with the Listing Rules and make the relevant disclosures as appropriate.
FINANCIAL SERVICES AGREEMENT. FINANCIAL SERVICES AGREEMENT Customer”) sets out the terms under which the Bank may keep Accounts and process instruments for the Customer and provide other services to the Customer.
1. Meaning of “Account” PART A - ACCOUNTS
