Examples of Loan Agreement A in a sentence
As agreed by both parties under the Loan Agreement A, the Borrower A may early repay the principal loan amount together with accrued interest.
Since the highest applicable percentage ratio in respect of the transaction contemplated under the Loan Agreement A exceeds 0.1% but less than 5%, the Loan Agreement A is therefore subject to the reporting and announcement requirements but exempt from the circular and independent shareholders’ approval requirements pursuant to Rule 14A.76(2) of the Listing Rules.
On July 2, 2024, the Company (as the Lender) entered into the Loan Agreement A with the Borrower A, pursuant to which the Lender agreed to grant the loan in the amount of RMB11,000,000 to the Borrower A in accordance with the terms and conditions of the Loan Agreement A.
The Loan Agreement A The principal terms of the Loan Agreement A are as follows: Date July 2, 2024 Lender The Company Borrower A Mr. Xxxx Xxxx Principal Loan Amount RMB11,000,000 Term A fixed term of 3 years from the date of drawdown of the Loan A Interest The interest rate on the Loan A is 3.45% per annum (referring to the latest loan market quotation interest rate published by the People’s Bank of China on June 20, 2024).