Entrusted Loans means borrowings by a Non-Guarantor Subsidiary from the Company or another Restricted Subsidiary (whether directly or through or facilitated by a bank or other financial institution), provided that such borrowings are not reflected on the consolidated balance sheet of the Company.

Entrusted Loans means borrowings by the Company or any Restricted Subsidiary from a bank, trust company or other financial institution that are subject to a Lien on deposits made by the Company or another Restricted Subsidiary as security for such borrowings; provided that no assets other than such deposits secure such borrowings, the value of such borrowings does not exceed the value of such deposits and such borrowings are denominated in the same currency as such deposits.

Entrusted Loans means borrowings by a PRC Restricted Subsidiary from a bank that are secured by a pledge of deposits made by another PRC Restricted Subsidiary to the lending bank as security for such borrowings, provided that such borrowings are not reflected on the consolidated balance sheet of the Company.

Examples of Entrusted Loans in a sentence

Therefore, the transactions involved in the Supply and Entrusted Loans Agreement between Dongfeng Motor Group and Dongfeng Nissan Financial Leasing is the continuing related party transactions of the Company.
ADB loan proceeds will initially be draw- down from the imprest (special) account to the Dedicated CNY account for financing (i) Entrusted Loans, and (ii) Cash Collateral to support the Guarantees.
For the purpose of our audit, we were unable to obtain necessary audit evidence of the Entrusted Loans, including but not limited to the relevant contracts, internal records and board resolution of approval for the Entrusted Loans.
Granting of the Entrusted Loan(s) under the Entrusted Loan Agreement constitutes provision of financial assistance by the Company to a connected person, and therefore constitutes a continuing connected transaction under Chapter 14A of the Listing Rules.
Accordingly, we were unable to verify the funds flow between the Group, the parties involved in the Entrusted Loans, including the explanation and approval of the payments and its related settlements.

More Definitions of Entrusted Loans

Entrusted Loans means borrowings by a PRC Restricted Subsidiary from a bank that are secured by a pledge of deposits or bank accounts made by another PRC Restricted Subsidiary to the lending bank as security for such borrowings, provided that such borrowings are not reflected on the consolidated balance sheet of the Company.

Entrusted Loans has the meaning given to that term in Schedule 15 (Incurrence Covenants Schedule).

Entrusted Loans means borrowings by the Issuer or any Restricted Subsidiary from a bank, trust company or other financial institution that are subject to a Lien on deposits made by the Issuer or another Restricted Subsidiary as security for such borrowings; provided that no assets other than such deposits secure such borrowings, the value of such borrowings does not exceed the value of such deposits and such borrowings are denominated in the same currency as such deposits.

Entrusted Loans means borrowings by a PRCNon-Guarantor Restricted Subsidiary from a bank that are secured by a pledge of deposits made byfrom the Company or another PRC Restricted Subsidiary (whether directly or through or facilitated by a bank or other financial institution)to the lending bank as security for such borrowings, provided that such borrowings are not reflected on the consolidated balance sheet of the Company.”

Entrusted Loans means borrowings by a Non-Guarantor Subsidiary from the Company or another Restricted Subsidiary (whether directly or

Entrusted Loans means borrowings by an Onshore Subsidiary from a bank that are secured by a pledge of deposits made by another Onshore Subsidiary to the lending bank as security for such borrowings; provided that, such borrowings are not reflected on the consolidated balance sheet of the Borrower.

Entrusted Loans the First Entrusted Loan and the Second Entrusted Loan, each the “Entrusted Loan”