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.
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 Commercial Factoring Agreement and the Guarantee Agreement were entered into in the ordinary and usual course of business of the Group.
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 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.
Three years from 1 January 2019 to 31 December 2021 Finance Lease Pursuant to the Finance Lease and Commercial Factoring Agreement, CCCC Financial Leasing shall provide finance lease services to CCCG Group in respect of the leased assets through direct leasing, operating lease or sale and leaseback arrangements.
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.
Subject matter Pursuant to the Guarantee Agreement, Chinlink Guarantee agreed to guarantee the settlement by the Customer of the obligation under the Commercial Factoring Agreement with principal amount of RMB15.0 million (equivalent to approximately HK$17.6 million).
Commercial Factoring Pursuant to the Finance Lease and Commercial Factoring Agreement, CCCC Financial Leasing shall provide commercial factoring services to CCCG Group in respect of receivables through factoring or reverse factoring arrangements.
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