Factoring Agreement definition

Factoring Agreement means a customary market agreement by and between Holdings or a Restricted Subsidiary and a Factoring Company pursuant to which Holdings or such Restricted Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.

Factoring Agreement. The words "Factoring Agreement" mean that certain Factoring Agreement dated October 30, 1995, by and between Buyer and Seller (the "Factoring Agreement"), pursuant to which Seller may sell, and Buyer may purchase, certain receivables owned by Seller, and all amendments, renewals and modifications thereof, and supplements thereto.

Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

Examples of Factoring Agreement in a sentence

• The terms of the Factoring Agreement (including factoring facilities, charge and interests) were reached between all parties after arm’s length negotiation, with reference to prevailing commercial practice and the financial position of the counterparties.

• The sum of such factoring facilities is expected to be payable within a week upon entering into the Factoring Agreement, the purpose of which is to supplement the working capital of the Company or repay the bank debts.

• LISTING RULES IMPLICATIONS According to Chapter 14 of the Listing Rules, as the highest applicable percentage ratio of the transaction under the Factoring Agreement is higher than 5% but lower than 25%, the transaction under the Factoring Agreement constitutes a discloseable transaction of the Company and is subject to the announcement requirement but exempt from the shareholders’ approval requirement under Chapter 14 of the Listing Rules.

• The Factoring Agreement is entered into by the Company in the ordinary and usual course of business, and is conducive to giving full play to the advantages of all parties.

• The Factoring Bank has agreed to provide factoring facility services for the Lease Receivables with an aggregate factoring facility principal of approximately RMB1,296,780,003 to the Company in accordance with the terms and conditions of the Factoring Agreement.

More Definitions of Factoring Agreement

Factoring Agreement means an agreement including a declaration of pledge entered or to be entered into between the Borrower and the Agent (on behalf of the Finance Parties and the Swap Banks) whereby the Borrower pledges to the Agent on behalf of the Finance Parties all claims arising from the Borrower’s business operation as security for the Finance Documents and Swap Agreements, in the terms and form as the Agent may require.

Factoring Agreement means one or more receivables purchase agreements (or similar agreements) entered into by the Company or any of its Restricted Subsidiaries with the Factor, as the same may be amended, modified, supplemented and/or replaced from time to time so long as any such replacement agreement is on terms no less favorable to the Company or any of its Restricted Subsidiaries in any material respect than those terms set forth in the Factoring Agreement as in effect on the Issue Date.

Factoring Agreement means an agreement by and between a Borrower or a Subsidiary of a Borrower and a Factoring Company pursuant to which a Borrower or such Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.

Factoring Agreement means any factoring agreement between a borrower and the Factor.

Factoring Agreement means a factoring, receivables purchase or similar agreement which is not entered into in connection with or as part of a Permitted Securitization or Specified Transaction.

Factoring Agreement means, individually and collectively, the -------------------- Amended and Restated Factoring Service Agreement effective as of March 31, 1993 between Borrower and Factor, and the Factoring Service Agreement effective as of July 15, 1986 between Borrower and Factor, as each such agreement exists, has been or may hereafter be amended, restated, renewed, extended, supplemented, substituted or otherwise modified from time to time.

Factoring Agreement means the second priority Norwegian law factoring agreement and collateral declaration of pledge in respect thereof dated 3 December 2009 and executed by the Borrower in favour of the Security Trustee as security for the Borrower’s obligations under the Finance Documents;