Examples of Counter Guarantors in a sentence
Therefore, Fuye Group and the Counter Guarantors are connected persons of the Company.
Neither the Company nor the CCT Counter Guarantors will receive any fee or commission from providing the CCT Master Guarantee and the CCT Counter Guarantee respectively.
Heding Copper is entitled (i) to cease to provide guarantees if the Counter Guarantors fail to provide counter-guarantees and (ii) to request Fuye Group to increase counter-guarantees in accordance with the actual condition.
As the above-mentioned financial assistances received by the Group from the CCT Counter Guarantors and the CCT Group is on normal commercial terms or better and is not secured by the assets of the Group, they are fully exempted from the reporting, announcement and Independent Shareholders’ approval requirements pursuant to Rule 14A.90 of the Listing Rules.
The provision of the CCT Counter Guarantee by the CCT Counter Guarantors under the 2021 CCT Master Agreement and provision of the guarantee by the CCT Group for the bank facilities to the Group in an aggregate amount of RMB545 million and the associated costs without limitation to interest payment constitute financial assistance received by the Group from the connected person.
In order to meet the actual production and operation needs and lower the financing costs of Heding Copper, the Board announces that on 22 January 2024, Heding Copper, Fuye Group and the Counter Guarantors entered into the New Mutual Guarantees Agreement, which shall become effective on 1 January 2024, whereby the Mutual Guarantees Agreement shall be terminated on the same day.
Therefore, Mr. Zhu, the Purchasers and Lingjia New Material, being the CCT Counter Guarantors, are connected persons of the Company under the Listing Rules.
In order to meet the actual production and operation needs of Heding Copper, lower the finance cost, the Board announces that on 28 December 2021, Heding Copper, Fuye Group and the Counter Guarantors entered into the New Mutual Guarantees Agreement, which shall become effective on 1 January 2022, whereby the Mutual Guarantees Agreement shall be terminated on the same day.
As the above-mentioned financial assistances received by the Group from the CCT Counter Guarantors and Xxxxxxx Xxxxxxxx are on normal commercial terms or better and are not secured by the assets of the Group, they are fully exempted from the reporting, announcement and Independent Shareholders’ approval requirements pursuant to Rule 14A.90 of the Listing Rules.
Please note that the last trading date on or before December 31st of the Selected Calendar Year is not an Automatic Exercise Date and no automatic exercise of your amended option will occur during the Selected Calendar Year.