Loan Facility C definition

Loan Facility C the loan facility in the amount of up to HK$12,000,000 granted by the Lender to Borrower I pursuant to the terms of Loan Agreement C
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Loan Facility C the loan facility in the amount of up to HK$8,950,000 granted by the Lender to Borrower II and Borrower III pursuant to the terms of Loan Agreement C “percentage ratio(s)” percentage ratio(s) as set out in Rule 14.07 of the Listing Rules to be applied for determining the classification of a transaction “Shareholders” holders of the ordinary shares of HK$0.01 each in the issued share capital of the Company
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Examples of Loan Facility C in a sentence

  • The amount of a Facility B Loan, Facility C Loan or Revolving Facility Loan requested in an Optional Currency must be a minimum amount of the equivalent of US$10,000,000 and an integral multiple of 1,000,000 units of that currency.

  • A circular setting out, among others, details of the Supplemental Loan Facility C Agreement and other information required to be disclosed under the Listing Rules, will be despatched with the notice of the SGM and a proxy form to the Shareholders on or before 25 November 2021, as additional time is required for the Company to prepare and finalise certain information to be included in the circular.

  • Save as aforesaid, all other terms of the Loan Facility C Agreement shall remain in full force and effect.

  • If the Borrower fails to pay such sum, this shall constitute an event of default under the Loan Facility C Agreement.

  • If the Borrower fails to pay any sum payable to the Lender under the Loan Facility C Agreement when due, the Borrower was required to pay interest on such sum from the due date and up to the date of actual payment at the default interest rate 15% per annum.

  • On 24 September 2021, the parties entered into the Supplemental Loan Facility C Agreement to extend the repayment date of the Loan C to 23 August 2022.

  • The terms of the Supplemental Loan Facility C Agreement were arrived at after arm’s length negotiations between the Lender and the Borrower and are on normal commercial terms.

  • Within the period of 12 months immediately preceding and up to the date of Loan Agreement D, the Lender had entered into Loan Agreement A, Loan Agreement B and Loan Agreement C in relation to the provision of Loan Facility A, Loan Facility B and Loan Facility C respectively.

  • If the Borrower fails to pay such sum, this shall constitute an event of default under the Loan Facility A Agreement, Loan Facility B Agreement and Loan Facility C Agreement (as the case may be).

  • On 28 October 2021, the parties entered into the Loan Facility C Agreement, pursuant to which the Lender agreed to provide the Borrower with Loan C in an amount of HK$25 million for a period of three months at an interest rate of 8.75% per annum.