Common use of OF THE LISTING RULES Clause in Contracts

OF THE LISTING RULES. The Facility Agreements require that, among others, (i) the Controlling Shareholders will collectively maintain beneficial ownership of at least 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it would constitute an event of default under the Facility Agreements. Upon and at any time after the occurrence of an event of default which is continuing, the Lenders may immediately cancel all or any part of their respective commitments and the outstanding amount under the respective Facility Agreements together with interest accrued thereon, and all other amounts accrued or outstanding, may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 68.14% of the total issued share capital of the Company.

Appears in 1 contract

Samples: www.haosoft.org

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OF THE LISTING RULES. The Pursuant to the Facility Agreements require thatAgreement, among others, it requires that (i) the Controlling Shareholders will collectively maintain beneficial ownership shareholding of at least not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it would will constitute an event of default under the Facility Agreementsdefault. Upon On and at any time after the occurrence of an event of default which is continuing, the Lenders Lender may immediately cancel all or any part of their respective the total commitments under the Facility Agreement; and declare that the outstanding amount under the respective Facility Agreements Agreement together with interest accrued thereon, and all other amounts accrued or outstanding, thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 68.1457.01% of the total issued share capital of the Company.

Appears in 1 contract

Samples: www.cifi.com.cn

OF THE LISTING RULES. The Pursuant to the Facility Agreements require thatAgreement, among others, it requires that (i) the Controlling Shareholders will collectively maintain beneficial ownership shareholding of at least not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it would will constitute an event of default under the Facility Agreementsdefault. Upon On and at any time after the occurrence of an event of default which is continuing, the Lenders facility agent may immediately cancel all or any part of their respective the total commitments under the Facility Agreement; and declare that the outstanding amount under the respective Facility Agreements Agreement together with interest accrued thereon, and all other amounts accrued or outstanding, thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 68.1457.13% of the total issued share capital of the Company.

Appears in 1 contract

Samples: www.cifi.com.cn

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OF THE LISTING RULES. The Pursuant to the Facility Agreements require thatAgreement, among others, it requires that (i) the Controlling Shareholders will collectively maintain beneficial ownership shareholding of at least 51not less than 40% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it would will constitute an event of default under the Facility Agreementsdefault. Upon On and at any time after the occurrence of an event of default which is continuing, the Lenders may Lender may, by notice, to the Company immediately cancel all or any part of their respective the total commitments under the Facility Agreement; and declare that the outstanding amount under the respective Facility Agreements Agreement together with interest accrued thereon, and all other amounts accrued or outstanding, thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 68.1455.85% of the total issued share capital of the Company.

Appears in 1 contract

Samples: www.cifi.com.cn

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