Geely Holding Financing Arrangements – Geely Holding Finance Cooperation Agreement Sample Clauses

Geely Holding Financing Arrangements – Geely Holding Finance Cooperation Agreement. Genius AFC and Geely Holding entered into the Geely Holding Finance Cooperation Agreement, pursuant to which Genius AFC will provide vehicle financing services to the Geely Retail Customers to assist them to purchase (a) Geely Holding-Owned Brands Vehicles from the Geely Holding Dealers; or (b) Geely-Branded Vehicles from the Connected Geely Dealers. Under the Geely Holding Finance Cooperation Agreement, Geely Holding will use its reasonable endeavours to procure the Geely Holding Dealers to recommend their retail customers to use the retail financing services provided by Genius AFC for the purchase of the Geely Holding-Owned Brands Vehicles. Genius AFC will enter into the individual finance cooperation agreement with the Geely Holding Automobile Entities pursuant to the Geely Holding Finance Cooperation Agreement. In addition, under the Geely Holding Finance Cooperation Agreement, Geely Holding shall procure the Connected Geely Dealers, which have been operated by the Geely Holding Group from 2020, to recommend their retail customers to use Genius AFC for the obtaining of vehicle loans to finance their purchase of Geely-Branded Vehicles. After the commencement of the Geely Holding Retail Financing Business, Genius AFC will enter into individual Geely Holding Retail Loan Agreements and Geely Retail Loan Agreements with the Geely Retail Customers respectively. The Geely Holding Financing Annual Caps for the Geely Holding Retail Financing Business for the three years ending 31 December 2023 are approximately RMB279.8 million, RMB377.9 million, and RMB606.5 million, respectively.
Sample 1
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Geely Holding Financing Arrangements – Geely Holding Finance Cooperation Agreement. On 4 November 2020, Genius AFC and Geely Holding entered into the Geely Holding Finance Cooperation Agreement pursuant to which Genius AFC will provide vehicle financing services to the Geely Retail Customers to assist them to purchase (a) Geely Holding-Owned Brands Vehicles from the Geely Holding Dealers; or (b) Geely-Branded Vehicles from the Connected Geely Dealers. Details of the Geely Holding Finance Cooperation Agreement is set out below: Date 4 November 2020 (after trading hours) Parties Genius AFC and Geely Holding Please refer to the paragraph headed “(D) Automobile Financing Arrangements (i) XXXX & CO Financing Arrangements – XXXX & CO Finance Cooperation Agreement – Parties” for further details regarding Genius AFC. Please refer to the paragraph headed “(A) Master CKDs and Automobile Components Sales Agreement – Parties” for further details regarding Geely Holding. Genius AFC can provide automobile financing and related services for the automobile manufacturers of various automobile brands under the Geely Holding Group, including but not limited to providing wholesale financing services and retail financing services to the authorised dealers of such automobile dealers and the retail customers who purchase vehicles from the aforementioned authorised dealers respectively. Subject matter Under the Geely Holding Finance Cooperation Agreement, Geely Holding will use its reasonable endeavours to procure the Geely Holding Dealers to recommend their retail customers to use the retail financing services provided by Genius AFC for the purchase of the Geely Holding-Owned Brands Vehicles. Genius AFC will enter into the individual finance cooperation agreement with the Geely Holding Automobile Entities pursuant to the Geely Holding Finance Cooperation Agreement. In addition, under the Geely Holding Finance Cooperation Agreement, Geely Holding shall procure the Connected Geely Dealers, which have been operated by the Geely Holding Group from 2020, to recommend their retail customers to use Genius AFC for the obtaining of vehicle loans to finance their purchase of Geely-Branded Vehicles. After the commencement of the Geely Holding Retail Financing Business, Genius AFC will enter into individual Geely Holding Retail Loan Agreements and Geely Retail Loan Agreements with the Geely Retail Customers respectively. For the avoidance of doubt, the provision of vehicle financing services by Genius AFC pursuant to the Volvo Finance Cooperation Agreements as approved by ...
Sample 1

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