Commercial Factoring Agreement definition

Commercial Factoring Agreement the factoring agreement dated 20 August 2019 entered into between Chinlink Commercial Factoring and the Customer in relation to a commercial factoring arrangement with recourse for an amount of up to RMB17.0 million (equivalent to approximately of HK$19.31 million) for the period commencing on 20 August 2019 and ending on 26 November 2019 at 8% interest rate per annum and handling charge of RMB42,500 (equivalent to approximately HK$48,280)
Sample 1

Examples of Commercial Factoring Agreement in a sentence

  • The entering into of the Commercial Factoring Agreement and the Guarantee Agreement will result in certain percentage ratios under Rule 14.07 of the Listing Rules exceeding 5% but below 25%, and hence the entering into of the Commercial Factoring Agreement and the Guarantee Agreement constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.

  • The Contractor shall supply the Supervising Officer by no later than 0930 on every Monday with his programme of work for that week.

  • Taking the above into account, the Board is of the view that the terms of the Commercial Factoring Agreement and the Guarantee Agreement are fair and reasonable and on normal commercial terms, and the transactions contemplated thereunder are in the interest of the Group and its shareholders as a whole.

  • The terms of the Commercial Factoring Agreement and the Guarantee Agreement were negotiated between the Group and the Customer on an arm’s length basis with reference to prevailing market rates and terms for similar arrangements and the scope of services providing to the Customer under the impact of Coronavirus Disease 2019 outbreak.

  • The obligations of the Customer under the Commercial Factoring Agreement is secured by the personal guarantee granted by the Individual Guarantor and the corporate guarantee provided by Chinlink Guarantee in favour of Chinlink Commercial Factoring .

  • The obligations of the Customer under the Commercial Factoring Agreement is secured by the personal guarantee granted by the Individual Guarantor and the corporate guarantee provided by Chinlink Guarantee in favour of Chinlink Commercial Factoring.

  • The obligations of the Customer under the New Commercial Factoring Agreement is secured by the personal guarantee granted by the Individual Guarantor and the corporate guarantee provided by Chinlink Guarantee in favour of Chinlink Commercial Factoring.

  • CCCC Leasing will generate revenue from the provision of finance lease and commercial factoring services to CCCG Group under the Finance Lease and Commercial Factoring Agreement whereas the risks are controllable.

  • Estimates for 2017 were selected for the Baseline Report due to their consistency with the timeframes most local governments were re- quired to adopt their local GMA comprehensive plans by – June 30, 2016.Charts and TablesThe remaining pages of the Population Estimates section include charts and tables using the data sources above to provide a pic- ture of estimated population growth and allocated population.

  • The obligation of the Customer under the Commercial Factoring Agreement as extended by the Factoring Financing Amendment and Extension Agreement is guaranteed by the legal representative who is also the shareholder of the Customer; and a third party independent of the Company and its connected persons.

Related to Commercial Factoring Agreement

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Securities Lending Agreement means an agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the term of the agreement, both the securities and the collateral are held by a third party. At the conclusion of the agreement, the securities are transferred back to the local agency in return for the collateral.

  • Collaborative pharmacy practice agreement means a written and signed

  • Collaborative practice agreement means a written agreement

  • Manufacturing Agreement has the meaning set forth in Section 4.3.

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • Commercial Agreement means an agreement, other than an agency agreement, made between carriers and relating to the provision of their joint services for carriage of passengers by air;

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • Exempt Renewable Technology means, in all Mitigated Capacity Zones, an Intermittent Power Resource solely powered by wind or solar energy.

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Commercial driver s license" means:

  • Common Billing Agreement means an agreement between the Appointee and any other person under which that person has undertaken to pay, on terms agreed between them, charges for water supply or sewerage services, or both, in respect of two or more Houses which have a common Supply Pipe and which, in any case where that agreement relates to one of those services only, are also subject to a similar agreement for common billing between that person and the undertaker providing the other service;

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Placing Agreement means, in relation to a Series of Securities, the placing agreement entered into by the Issuer and the Dealer(s) in respect of such Series by execution of the relevant Trust Instrument and into which the terms of the Placing Terms Module are incorporated by reference as the same may be modified and/or supplemented by the Trust Instrument.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights in Annex 1C to the WTO Agreement;

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • Commercial Supply Agreement has the meaning set forth in Section 5.2.

  • Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.