ICBC Loan definition

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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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

ICBC Loan means the outstanding loan owing by Bestlinkage to Industrial and

Examples of ICBC Loan in a sentence

• The parties acknowledge and agree that, pursuant to Section 2.16 of the Credit Agreement, the ICBC Loan shall be deemed a Term A Loan for all purposes of the Credit Agreement.

• The aggregate amount of Financial Debt incurred to finance the purchase of the Acquired TMA Equity Interests shall not exceed $1,200,000,000, and the only Financial Debt permitted to be incurred to finance such purchase shall be (i) the Loans hereunder and (ii) the ICBC Loan.

• Subject to Section 8, the Borrower indemnifies the Lender, and agrees to pay the Lender on demand, in each case, to the extent that the Lender does not engage in wilful misconduct, any amounts which the Lender is required to pay under Sections 7.7 or 7.8 of the ICBC Loan Agreement to the extent the Lender has not received funds from the Borrower to enable it to make such payment under Sections 4 and 5 of this Agreement.

• From the Cut-off Date, the ownership and accompanied rights to and in the Underlying ICBC Loan Facilitation Assets shall be transferred to the Transferee or its designated Person.

• The Borrower shall not transfer or novate any of its rights and/or obligations under this Agreement without the prior written consent of (i) the Lender; and (ii) the lender under the ICBC Loan Agreement (such consent not to be unreasonably withheld).

• Prior to the Closing, the Transferors shall deliver the Underlying ICBC Loan Facilitation Assets and their ownership documents as well as all related data (if any) to the Transferee or its designated Person.

• The Transferors hereby undertake that, with respect to the Underlying ICBC Loan Facilitation Assets legally owned by the Transferee or its designated Person as well as any debt-collection issues relating to any Underlying ICBC Loan Facilitation Assets (if any), the Transferors and corresponding Uxin Group Companies shall cooperate in such time and way reasonably instructed by the Transferee then.

• If the Transferors and the Transferee (or its designated Person) are unable to reach an agreement with respect to the way and mechanism of transfer for the Underlying ICBC Loan Facilitation Assets, then the Transferors and the Transferee shall otherwise negotiate and agree on the transfer mechanism for the Underlying ICBC Loan Facilitation Assets.

More Definitions of ICBC Loan

ICBC Loan means an unsecured term loan made by the Industrial and Commercial Bank of China to the Borrower on or about the date hereof in a principal amount not greater than $200,000,000 for the sole purpose of financing a portion of the consideration payable by the Borrower in connection with the Acquisition, the terms of which shall provide for no scheduled amortization or mandatory prepayments prior ​ to the Maturity Date hereunder (except for mandatory prepayments made in accordance with Section 2.07(b)(iv) hereunder).

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.

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.