Examples of Second Loan Agreement in a sentence
Upon completion of the Second Loan Conversion, all outstanding liabilities of the Company under the Second Loan Agreement shall be deemed fully paid and settled and no longer outstanding.
As of the Effective Date, this Loan Agreement supersedes and replaces any and all prior agreements and understandings relating to the subject matter hereof, including without limitation, the Original Loan Agreement, the Second Loan Agreement, the Third Loan Agreement, the Fourth Loan Agreement, the Fifth Loan Agreement, the Sixth Loan Agreement, and the Seventh Loan Agreement.
The Directors consider that the First Loan Agreement and the Second Loan Agreement are entered into upon normal commercial terms following arm’s length negotiations between the parties to the First Loan Agreement and the Second Loan Agreement and that the conditions and terms of the First Loan Agreement and the Second Loan Agreement are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.
On 3 July 2017, Sunway Financial (as lender) entered into the Charmate Second Loan Agreement with Charmate (as borrower) for the provision of the loan in the amount of HK$20,000,000.
As each of the applicable percentage ratios in respect of the 2020 Second Loan Agreement is more than 0.1% but less than 5%, the transaction contemplated under the 2020 Second Loan Agreement constitutes a connected transaction of the Company and is subject to the reporting and announcement requirements but exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.