Entrusted Loans definition

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.
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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.
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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.
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Examples of Entrusted Loans in a sentence

  • 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.

  • The annual caps for the Entrusted Loans are set at RMB100,000,000 for each of the following period: (a) from 23 June 2021 to 31 December 2021; (b) from 1 January 2022 to 31 December 2022; (c) from 1 January 2023 to 31 December 2023; and (d) 1 January 2024 to 22 June 2024.

  • If Party A fails to repay the loan in full and on time, and if Party B still wishes to entrust Party C to continue to assist in the collection of the entrusted loan, Party B shall sign a separate Overdue Management Agreement for Entrusted Loans with Party C.

  • If, within three months from the date of maturity of the full principal of the loan, Party B and Party C fail to sign Overdue Management Agreement for Entrusted Loans, all obligations of Party C hereunder shall be automatically terminated, and Party C shall have the right to settle and process the accounts related to the entrusted loan hereunder.

  • The Group intends to utilize the surplus cash of Shanghai Ongoing by providing the Entrusted Loans to Shanghai Joinbuy City Plaza with an aim to enhancing the return of the Group’s surplus cash and at the same time satisfying the working capital needs of Shanghai Joinbuy City Plaza.


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 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.
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Entrusted Loans has the meaning given to that term in Schedule 15 (Incurrence Covenants Schedule).
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Entrusted Loans means borrowings by a Non-Guarantor Subsidiary from the Company or another Restricted Subsidiary (whether directly or
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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.
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Entrusted Loans unsecured and interest bearing loans in an aggregate amount of RMB1,000 million granted by SIIC Shanghai to Shanghai Urban Development through entrusted loan agreements administrated by Bank of Communication, China Construction Bank and China Minsheng Bank
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Entrusted Loans means borrowings by a Restricted Subsidiary from a bank that are secured by a pledge of deposits made by another Restricted Subsidiary to the lending bank as security for such borrowings. Environment means living organisms including the ecological systems of which they form part and the following media:
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Entrusted Loans the First Entrusted Loan and the Second Entrusted Loan, each the “Entrusted Loan”
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