Examples of Previous Loan Agreements in a sentence
Previous Loan Agreements have been authorized by the Board via resolution prior to signing.
Prior to 27 October 2014, the Lender entered into the Previous Loan Agreements with the Second Borrower and his associate which have been duly repaid in part as at the date of this announcement.
Within the period of 12 months immediately preceding and up to the date of the Loan Agreements, the Lender had entered into Previous Loan Agreements with the Borrowers in relation to the provision of the loan facilities of up to an aggregate amount of HK$45,200,000 with details as set out in the announcement of the Company dated 15 November 2021.
Reference is made to the announcement of the Company dated 15 November 2021 in relation to provision of the loan facilities of up to an aggregate amount of HK$45,200,000 granted by the Lender (an indirect wholly-owned subsidiary of the Company) to the Borrowers under the Previous Loan Agreements.
As at the date of this announcement, approximately HK$6,507,000 of the loan under the Previous Loan Agreements remained outstanding and due to be repaid by the Borrower to the Lender by 20th February, 2019.
Reference is made to the announcements of the Company dated 15 November 2021, 26 November 2021 and 17 December 2021 in relation to provision of the loan facilities of up to an aggregate amount of HK$65,400,000 granted by the Lender (an indirect wholly-owned subsidiary of the Company) to the Borrowers under the Previous Loan Agreements.
The Lender as lender entered into the Previous Loan Agreements with the Borrower and the Borrower’s Subsidiary, pursuant to which, the Lender agreed to, among other things, make available to the Borrower a loan facility, which is secured by debentures over the undertaking, property and assets of the Borrower and the Borrower’s Subsidiary, with interest rate of HIBOR plus 4% per annum.
The Directors consider and believe that the terms of the Loan Agreement and the Previous Loan Agreements are fair and reasonable and the entering into of the Loan Agreement and the Previous Loan Agreements are in the interests of the Company and its shareholders as a whole.
Previous Loan Agreements with the NMUSAF were authorized under Board Order No. 58-09; however, the term has been updated from one to two years, and a new Board Order is necessary.
Prior to the entering into of the New Loan Agreements, the Lender had entered into twenty eight Previous Loan Agreements with Two Customers.