Examples of New Guarantee Agreement in a sentence
The obligation of the Customer under the New Guarantee Agreement is secured by (i) a personal guarantee granted by the legal representative of the Customer, who is also the major shareholder of the Customer; and (ii) a corporate guarantee granted by an independent third party, in favour of Chinlink Guarantee.
The obligation of the Customer under the New Guarantee Agreement is secured by (i) a personal guarantee granted by the Individual Guarantor; and (ii) a corporate guarantee granted by the Corporate Guarantor, in favour of Chinlink Guarantee.
The obligation of the Customer under the New Guarantee Agreement is secured by (i) a personal guarantee granted by the Individual Guarantor; and (ii) a corporate guarantee granted by the Corporate Guarantor I, in favour of Chinlink Guarantee.
Nevertheless, the sector is characterised by poor working conditions, especially in relation to the burning of sugarcane and manual cutting work.
A circular containing, amongst other things, (i) further details about the New Guarantee Agreement (including the provision of the New Guarantee) and the transactions contemplated under or in connection with it (including the entering into of the New Charge on the Equity Interest), and (ii) a notice of the EGM and a proxy form, is expected to be despatched to the Shareholders on or before 19 April 2016.
Consideration: The Company will not receive any fee or commission for providing the New Guarantee under the New Guarantee Agreement.
Other details of the terms of the New Guarantee Agreement and the New Consultancy Services Agreement are set out below.
As one or more of the applicable percentage ratios in respect of the New Guarantee Agreement is 5% or more, but are less than 25% of the applicable percentage ratios under Rule 14.07 of the Listing Rules.
Accordingly, the Company will seek Shareholders’ approval at the EGM by way of poll for the entering into of the New Guarantee Agreement (including the provision of the New Guarantee) and the transactions contemplated under or in connection with it (including the entering into of the New Charge on the Equity Interest).
As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the maximum Guarantee Amount under the New Guarantee Agreement exceeds 25%, the New Guarantee Agreement and the transactions contemplated thereunder constitute a major transaction of the Company under Chapter 14 of the Listing Rules, which is subject to the reporting, announcement, circular and Shareholders’ approval requirements.