Factoring Agreement definition

Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

Factoring Agreement means a customary market agreement by and between Holdings or a Restricted Subsidiary and a Factoring Company pursuant to which Holdings or such Restricted Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.

Factoring Agreement means an agreement including a declaration of pledge entered or to be entered into between the Borrower and the Agent (on behalf of the Finance Parties and the Swap Banks) whereby the Borrower pledges to the Agent on behalf of the Finance Parties all claims arising from the Borrower’s business operation as security for the Loans, in the terms and form as the Agent may require.

Examples of Factoring Agreement in a sentence

• The principal terms of the revolving factoring loan under the Factoring Agreement (as supplemented by the Supplemental Factoring Agreement) are set out as below: Date : 23 October 2017 Parties : (1) Ningxia ZhongXin, a company established in the PRC with limited liability and is principally engaged in, among other things, sales of Chinese medicine, medicine, and medical equipment.

• As the highest applicable percentage ratio for the Company as calculated under Rule 19.07 of the GEM Listing Rules in relation to the revised credit limit under the Supplemental Factoring Agreement exceeds 5% but is less than 25%, the entering into of the Supplemental Factoring Agreement constitutes a discloseable transaction for the Company under the GEM Listing Rules and is subject to the reporting and announcement requirements.

• The Board hereby announces that on 23 October 2017, SY Factoring entered into the Supplemental Factoring Agreement with Ningxia ZhongXin pursuant to which the revolving factoring loan credit limit granted by SY Factoring to Ningxia ZhongXin was revised from RMB120,000,000 (equivalent to approximately HK$135,600,000) to RMB128,000,000 (equivalent to approximately HK$144,640,000).

• SUPPLEMENTAL FACTORING AGREEMENT The Board hereby announces that on 23 October 2017, SY Factoring, an indirect wholly owned subsidiary of the Company, entered into the Supplemental Factoring Agreement with Ningxia ZhongXin pursuant to which the revolving factoring loan credit limit granted by SY Factoring to Ningxia ZhongXin was revised from RMB120,000,000 (equivalent to approximately HK$135,600,000) to RMB128,000,000 (equivalent to approximately HK$144,640,000).

• Save as disclosed above, all the terms of the Factoring Agreement (as supplemented by the Supplemental Factoring Agreement) shall remain unchanged and in full force and effect and binding on the parties.

More Definitions of Factoring Agreement

Factoring Agreement means one or more receivables purchase agreements (or similar agreements) entered into by the Issuer or any of its Restricted Subsidiaries with one or more Factors, as the same may be amended, modified, supplemented and/or replaced from time to time so long as any such replacement agreement is on terms no less favorable to the Issuer or any of its Restricted Subsidiaries in any material respect than those terms set forth in the Factoring Agreements as in effect on the Issue Date.

Factoring Agreement mean that certain Factoring Agreement dated October 30, 1995, by and between Buyer and Seller (the "Factoring Agreement"), pursuant to which Seller may sell, and Buyer may purchase, certain receivables owned by Seller, and all amendments, re- newals and modifications thereof, and supplements thereto.

Factoring Agreement means an agreement by and between a Borrower or a Subsidiary of a Borrower and a Factoring Company pursuant to which a Borrower or such Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.

Factoring Agreement means a factoring, receivables purchase or similar agreement which is not entered into in connection with or as part of a Permitted Securitization or Specified Transaction.

Factoring Agreement means, individually and collectively, the Amended and Restated Factoring Agreement effective as of March 31, 1993 between Borrower and Factor, and the Factoring Service Agreement effective as of July 15, 1986 between Borrower and Factor, as each such agreement exists, has been or may hereafter be amended, restated, renewed, extended, supplemented, substituted or otherwise modified from time to time."

Factoring Agreement means the second priority Norwegian law factoring agreement and collateral declaration of pledge in respect thereof dated 3 December 2009 and executed by the Borrower in favour of the Security Trustee as security for the Borrower’s obligations under the Finance Documents;

Factoring Agreement the revolving factoring facility agreement entered into between the Company and the Factoring Bank on March 21, 2023 “Factoring Bank” Bank of Jiangsu Co., Ltd. Beijing Branch* ( 江蘇銀行股份有限公司北京分行), a joint stock bank which is principally engaged in banking and related financial services, and also a branch of Bank of Jiangsu Co., Ltd, a company listed on Shanghai Stock Exchange (stock code: 000000.XX)