Entrustment Loans definition

Entrustment Loans means one or more loans pursuant to that certain Loan Entrustment Agreement, dated November 17, 2014, among Littelfuse Semiconductor (Wuxi) Co., Ltd., as principal, Bank of America, N.A., Shanghai Branch, as lender, and Suzhou Littelfuse Ovs Co Ltd., as borrower.
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Entrustment Loans means loans between Onshore Group Companies on the basis of customary entrustment loan structures provided by financial institutions in the PRC.
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Entrustment Loans. A” entrustment loan(s) to be advanced by the Lender to the Borrower A from time to time through Financial Institutions under the Framework Agreement A “Entrustment Loans B” entrustment loan(s) to be advanced by the Lender to the Borrower B from time to time through Financial Institutions under the Framework Agreement B
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Examples of Entrustment Loans in a sentence

  • Generally the Borrower A shall make one-off repayment of the principal and interest of each of the specific loans under the Entrustment Loans A to the Lender upon the maturity thereof.

  • If the Borrower B fails to repay any outstanding amounts under the Entrustment Loans B on or before the due dates as set out in the specific loan agreements under Entrustment Loan B, the Lender shall be entitled to charge overdue interest against the Borrower B, the rates of which will be 50% higher than the interest rates under the Entrustment Loans B.

  • The Lender and Borrower A will enter into specific loan agreements under Entrustment Loan A with relevant Financial Institution in respect of specific loans under the Entrustment Loans A according to the terms and conditions set out in the Framework Agreement A.

  • As the PRC Company is a wholly owned subsidiary of the Target Company and the CRCT SPV will hold 51.0% of the issued share capital of the Target Company, the PRC Company would be considered an “entity at risk” of CRCT under Rule 904(2)(c) of the Listing Manual and the Entrustment Loans from the wholly owned subsidiary of CL would constitute an “interested person transaction”.

  • The Directors consider that the transactions contemplated under the Limited Partnership Agreement and the Pledge Agreements as part of the security for the Entrustment Loans will facilitate the Target Companies in meeting their financial needs in the development of the Target Projects, which are expected to bring investment returns and provide capital appreciation potential of the Group.

  • Notwithstanding the foregoing, the Lender is entitled to request for early repayment of each of the Entrustment Loans B by serving at least 5 working days’ prior written notice to the Borrower B, while the Borrower B is entitled to make early repayment (subject to the approval by the Lender) by giving 5 working days’ prior written notice to the Lender.

  • As discussed with the management of the Group and after having reviewed the agreements of the Entrustment Loans, we understand that the purpose of the Entrustment Loans was to finance the construction of vessels of Sinotrans Sunnyexpress.

  • The relevant applicable percentage ratios calculated in accordance with the Listing Rules on the date of the Acquisition Agreements in respect of the Entrustment Loans is less than 5% and would normally only be subject to the reporting and announcement requirements under the Listing Rules.

  • The Entrustment Loans B is secured by a pledge over the Borrower B’s entire shareholding in Inspur Huida, a wholly owned subsidiary of the Borrower B.

  • The Directors understand that in the event of occurrence of default under any specific loan agreements under Entrustment Loans A, the Lender as the chargee shall have absolute right to dispose of the shareholding of Jinan Orient to recover the debt and sue for any shortage thereof.


More Definitions of Entrustment Loans

Entrustment Loans. The Entrustment Loans A and the Entrustment Loans B “Financial Institutions” the PRC financial instructions which are qualified to engage in entrustment loan business in PRC “Framework Agreement A” “Framework Agreement B” “Framework Agreements” the framework agreement dated 29 August 2014 between the Lender and the Borrower A in relation to Entrustment Loans A the framework agreement dated 29 August 2014 between the Lender and the Borrower B in relation to Entrustment Loans B The Framework Agreement A and the Framework Agreement B “Group” the Company and its subsidiaries
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Related to Entrustment Loans

  • Replacement Loans has the meaning specified in Section 10.01.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Initial Loan is defined in Section 2.1.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Syndicated Loans means Base Rate Loans or Euro-Dollar Loans made pursuant to the terms and conditions set forth in Section 2.01.