Short-Term Loans. The Company has incurred the debt primarily to support construction of its new infrastructure and manufacturing capacity at BAK Industrial Park. The table below outlines these borrowings. Management believes that the maturities of these notes can be extended, and will be rolled into longer term facilities upon completion of construction. ----------------------------- ------------- ------------------- ---------------- Amount Institution ($mm) Interest Rate Maturity Date ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 2.42 4.59% 4/10/2005 ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 2.18 4.59% 4/8/2005 ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 1.82 4.54% 12/7/2004 ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 0.60 4.54% 11/28/2004 ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 1.21 4.54% 12/2/2004 ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 1.34 4.59% 3/29/2005 ----------------------------- ------------- ------------------- ---------------- China Agriculture Bank $ 2.54 4.59% 3/30/2005 ----------------------------- ------------- ------------------- ---------------- Shenzhen Development Bank $ 12.10 5.84% 4/1/2005 ----------------------------- ------------- ------------------- ---------------- Xingye Bank $ 2.42 5.31% 3/11/2005 ----------------------------- ------------- ------------------- ---------------- Mingsheng Bank $ 2.54 5.84% 1/14/2005 ----------------------------- ------------- ------------------- ---------------- Total $ 29.16 ----------------------------- ------------- ------------------- ---------------- Notes Payable. These are numerous smaller notes totaling $20.80 million at 9/30/04 and are from China Agriculture Bank and Shenzhen Development Bank. Income Statement ($) ------------------------------------------- ------------ ------------ ---------- Item FY 2004 FY 2003 FY 2002 ------------------------------------------- ------------ ------------ ---------- Revenues 64,088,286 20,266,590 3,050,158 ------------------------------------------- ------------ ------------ ---------- less: cost of goods sold 49,630,238 14,571,849 2,513,633 ------------------------------------------- -----------...
Short-Term Loans. AWCC will provide Short-Term Loans to the Company pursuant to the terms set forth in the promissory notes to be issued by the Company to AWCC, each substantially in the form attached to this Agreement as Exhibit A.
Short-Term Loans. Even though compensation is reduced by the hypothetical US income tax, it may be necessary for NTL DIGITAL US INC to withhold actual US or local taxes as applicable, and to remit these taxes to the proper US and local taxing authorities. In order to ease the expatriate's cash flow burden, the expatriate in such cases will receive a loan equal to the local and/or US taxes withheld, with the approval of NTL DIGITAL US INC. This loan will, to the extent possible, be remitted to the expatriate at the same time that the salary check is issued. The total loan will be settled in the following year at the time the Year-End US or local tax reconciliation is prepared.
Short-Term Loans. Short terms loans are defined as loans equal to or less than five days. Management may select the mechanics to loan for short term loans. Short term loans may be facility wide. Employees will not be placed on consecutive short term loans for more than ten (10) total days. The number of short term loans is restricted to 300 occurrences per year which will be jointly tracked by the Company and the Union. An occurrence shall be any day that one trade is loaned under this section by area.
Short-Term Loans. The Group borrowed short-term loans from several commercial banks in the PRC. As of December 31, 2010 and 2011, the short-term bank loans are analyzed as follows: December 31, 2010 RMB December 31, 2011 RMB Secured 61,243,510 83,343,510
Short-Term Loans. As at December 31, 2022 and 2021, this account consisted of: Unit : Thousand Baht Consolidated Financial Statements Separate Financial Statements 2022 2021 2022 2021 Other short - term loans - Short - term loans to others 2,860 2,760 2,860 2,760 - Short - term loans to related parties 3,360 2,100 3,360 2,100 Less Allowance for expected credit losses - - - - Total 6,220 4,860 6,220 4,860
Short-Term Loans. The Operating Company shall be permitted to borrow funds on a day-to-day basis from Network Funding on any business day (“Short-Term Loans”) up to the Maximum Principal Sum outlined in the Promissory Note between the Operating Company and Verizon Network Funding.
Short-Term Loans. □ Emergency Loan □ School fees Loan □ Okolea Loan □ Instant/HapoHapo Loan
Short-Term Loans. Subject to the terms and conditions hereof, ---------------- Company may request that the Short-Term Lenders make a loan (the "Short-Term ---------- Loan", which so long as it shall be outstanding shall be a "Loan" hereunder) ---- under this Agreement to Company on the contemplated date of issuance of the Tack-on Notes in an aggregate principal amount equal to $50,000,000, which shall be deposited into a deposit account at JPMorgan Chase Bank which shall be a blocked account until payment of the Short-Term Loan. The Short-Term Loan shall be used for the purposes identified in subsection 2.5E. The Short-Term Loan shall be due and payable on the stated maturity date as provided for in a separate promissory note, and shall be paid on such date from (a) if the Tack-on Notes are issued, the proceeds of such Tack-on Notes as provided in subsection 2.4C(ii) or (b) if the Tack-on Notes are not issued, the funds on deposit in such account at JPMorgan Chase Bank, unless otherwise agreed by Company and the Short-Term Lenders. Company hereby agrees that JPMorgan Chase Bank may debit such account to repay the Short-Term Loan with such funds on deposit. The Short-Term Loan shall not have any scheduled principal repayments prior to such maturity date. Company may make only one borrowing of the Short-Term Loan. Amounts borrowed under this subsection 2.9 and subsequently prepaid may not be reborrowed. The Short-Term Loan may be prepaid by Company at any time from the funds on deposit in such account at JPMorgan Chase Bank, and shall be subject to mandatory prepayment as provided in subsection 2.4C(ii). Company shall pay interest on and fees in relation to the Short-Term Loan as separately agreed upon by Company and the Short-Term Lenders.
Short-Term Loans. Loans in NIS granted to the Borrower by the Bank pursuant to this Agreement. Subsidiary A subsidiary of a company or corporation means any company or corporation: (a) which is controlled, directly or indirectly, by the first-mentioned company or corporation; (b) at least half the issued share capital of which is beneficially owned, directly or indirectly, by the first-mentioned company or corporation; or (c) which is a subsidiary of another subsidiary of the first-mentioned company or corporation and, for these purposes, a company or corporation shall be treated as being controlled by another if that other company or corporation is able to direct its affairs and/or to control the composition of its board of directors or equivalent body. Tax All present and future income, value added and other taxes, levies, imposts, deductions, charges and withholdings in the nature of taxes whatsoever together with interest thereon and penalties with respect thereto, if any, and any payments made on or in respect thereof. Termination Date Three years from the Commencement Date. Total Debt The aggregate of the amounts from time to time of any indebtedness appearing in the Financial Statements in respect of: (a) moneys borrowed or debit balances at banks and other financial institutions; (b) any debenture, bond, note, loan stock or other security, including, and without derogating from the abovementioned, any bank guarantee issued to any third party per a request of the Borrower; (c) receivables sold or discounted (otherwise than on a non-recourse basis) to the extent only that any claim has been made against the Borrower with respect to such receivables; (d) the acquisition cost of any asset to the extent payable more than 365 days after the time of acquisition or possession by the party liable where the deferred payment is arranged primarily as a method of raising finance or financing the acquisition of that asset and CONFIDENTIAL TREATMENT REQUESTED
