ICBC Loan definition

ICBC Loan the loan advanced by the Industrial and Commercial Bank of China Limited to Peak “Independent Accountants” KPMG or Ernst & Young “Insite” 盈石企業管理( 上海) 有限公司 (Insite Asset Management (Shanghai) Company Limited), a limited liability company established in the PRC currently engaged by Peak to manage the Property “Insite Employees” existing employees of Insite to be employed by the Buyer or its affiliates to manage the Property after Completion “Insite Management Agreement” a management agreement to be entered into between the Buyer or any of its affiliates with Insite prior to Completion pursuant to which, inter alia, Insite shall (i) provide asset management services to the Buyer with respect to the Property for a period of 3 months from the Completion Date, with an option for the Buyer or any of its affiliates to extend such period for an additional 3 months, (ii) provide such asset management services at the monthly fee of not exceeding RMB237,500, and (iii) provide such asset management services during the term of the management agreement (including any extended term) using a team of staff with materially same title, status and position and not less than the number as the team of staff currently providing asset management services to Peak “Listing Rules” Rules Governing the Listing of Securities on the Stock Exchange “Material Adverse Change (or Effect)” any change (or effect), the consequence of which is to materially and adversely affect the financial position, business or property, results of operations, business prospects or assets of the Moral High Group
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ICBC Loan means the US$30,000,000 loan from ICBC International Finance Ltd as lender to Lakes Invest Limited as borrower made pursuant to the ICBC Loan Agreement.
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ICBC Loan means the outstanding loan owed by Bestlinkage to Industrial and Commercial Bank of China Shanghai Nanhui Branch as at the Acquisition Completion
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Examples of ICBC Loan in a sentence

  • The guarantee period shall be three years from the expiry date of the term of the loan under the ICBC Loan Agreement II.

  • Accordingly, the proceeds of the Finance Lease Arrangement will be used for repayment of the ICBC Loan and the ZJGL Loan and general working capital use.

  • On July 7, 2022, Risun China Gas (as borrower) entered into the ICBC Loan Agreement I with ICBC (as lender), and the Company and Risun Group (as guarantors) entered into the ICBC Guarantee Agreement I with ICBC (as guaranteed party), pursuant to which the Company and Risun Group shall provide guarantee for the performance by Risun China Gas.

  • Usage of Transfer Price Finance Lease Agreement I Repayment of the ICBC Loan and the ZJGL Loan, repayment of shareholders’ loans and operating expenses etc..

  • The guarantee period shall be three years from the expiry date of the term of the loan under the ICBC Loan Agreement I.

  • Taking into account the maximum principal amount of the loans and the interest, fees and costs payable under the ICBC Loan Agreement I, it is expected that the maximum payment obligation to be guaranteed by the Group shall be up to approximately RMB105 million.

  • ICBC Loan FacilityOn 25 August the Company secured a loan facility of up to $800,000 from the Industrial and Commercial Bank of China (Asia) Limited (“ICBC”).

  • Consolidated 31 December30 June ICBC Loan FacilityThe Company secured a loan facility of up to $800,000 from the Industrial and Commercial Bank of China (Asia) Limited (“ICBC”).

  • In accordance with the funding requirements for the construction, production and operation of its new coking project, Risun China Gas intends to enter into (1) the ICBC Loan Agreement II with ICBC; (2) the SPD Bank Loan Agreement with SPD Bank; and(3) the Four New Powchan Financial Factoring Agreements with Powchan Financial in the near future.

  • Xiangdao New Energy entered into the Finance Lease Arrangement to obtain financial resources for refinancing the ICBC Loan and the ZJGL Loan which are originally scheduled to be fully repaid by June 2024 and November 2022, respectively.


More Definitions of ICBC Loan

ICBC Loan means indebtedness incurred pursuant to that certain agreement dated as of July 27, 2007 for an aggregate principal amount not exceeding RMB30 million.
Sample 1
ICBC Loan means the outstanding loan owing by Bestlinkage to Industrial and
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Related to ICBC Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Committed Loan has the meaning specified in Section 2.01.