Credit Services. Pursuant to the Financial Assistance Agreement, JCC Financial will provide credit services (including but not limited to loan services, discounted notes, commercial bills receivable, guarantee, overdraft, accounts receivable factoring and finance leases) to JCC Group. JCC Financial and JCC agreed that the total daily outstanding balance of the credit services to JCC Group shall not exceed the total daily amount of deposits from members of the JCC Group and JCC Financial is entitled to use such deposits to offset borrowings by JCC Group in the event of default. Each of the members of JCC Group agreed to provide joint and several credit guarantee to JCC Financial, by its deposit at JCC Financial, for all the credit services provided by JCC Financial. The amount of credit services provided to JCC Group by JCC Financial shall in no event exceed the Proposed Cap. Interest rates for such loans charged by JCC Financial will be payable by the JCC Group on a monthly or quarterly basis depending on the terms of the loan agreements to be entered into between the parties and are subject to the relevant guidelines and regulations of PBC, with reference to the standard rates quoted by the PBC or at a rate not lower than those offered by other independent financial institutions to JCC Group and shall be on normal commercial terms or more favourable terms to JCC Financial.
Credit Services. Titan shall assist the Company in identifying and obtaining cost-effective sources of financing consistent with the needs of Titan and its affiliated companies. Subject to entering into a reimbursement agreement, Titan may provide the Company with corporate guaranties or other credit support in connection with the Company's direct external financing transactions.
Credit Services. The internal control measures on the determination of interest rate or fee rate for the Credit Services are as follows:
Credit Services. DFS shall perform the following services in connection with Greenwood’s credit card and such other loan products as the parties find mutually agreeable:
Credit Services. During the term of this Agreement, the Company --------------- shall, either directly, through one or more of its subsidiaries or through one or more of its third party service providers, provide credit services to Sub including without limitation full credit checking and analysis and credit card processing for customer orders.
Credit Services. Credit services to be provided to the Group by CNAF are expected to be conducted on normal commercial terms or better, and not to be secured by the assets of the Group. Therefore, such transactions will be fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements for continuing connected transactions in accordance with Rule 14A.90 of the Hong Kong Listing Rules. Other financial services The other financial services to be provided by CNAF to the Group will be carried out on normal commercial terms or better and the aggregate annual fees to be paid by the Group to CNAF for such services for each of the three years ending 31 December 2021, 2022 and 2023 are expected to fall below the de minimis threshold as stipulated under Rule 14A.76(1) of the Hong Kong Listing Rules. Therefore, such transactions will be fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements under the Hong Kong Listing Rules.
Credit Services. As one or more of the applicable Percentage Ratios in respect of the CNAHC New Annual Caps exceed 5% but below 25%, the Credit Services to be provided to the CNAHC Group by CNAF under the CNAHC Financial Services Agreement are subject to (i) the requirements applicable to discloseable transaction under Chapter 14 of the Hong Kong Listing Rules; and (ii) the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Hong Kong Listing Rules. Other financial services The other financial services to be provided by CNAF to the CNAHC Group will be carried out on normal commercial terms or better and the aggregate annual fees to be paid by the CNAHC Group to CNAF for such services for each of the three years ending 31 December 2021, 2022 and 2023 are expected to fall below the de minimis threshold as stipulated under Rule 14A.76(1) of the Hong Kong Listing Rules. Therefore, such transactions will be fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements for continuing connected transactions.
Credit Services. As the highest applicable percentage ratio (as defined in Rule 14.07 of the Listing Rules) in respect of the Daily Credit Cap of the Group with Shougang Finance exceeds 0.1% but is less than 5%, the provision of the Credit Services by Shougang Finance to the Group under the Financial Services Framework Agreement is subject to the reporting, annual review and announcement requirements but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Credit Services. Shougang Finance shall provide credit services to the Group, including loans, acceptance of xxxxx, xxxx discounting, bill pledging, guarantees and other forms of financing businesses. The interest rate or fee rate provided by Shougang Finance to the Group shall not be higher than the interest rate or fee rate of the same type of credit services quoted by other domestic or overseas financial institutions under the same terms and conditions and shall be determined on arm’s length negotiations between the parties in accordance with normal commercial terms. The Daily Credit Cap of the Group with Shougang Finance shall not be more than RMB560,000,000 during the Term.
Credit Services. (a) the interest rate for the loan to be provided by Chinalco Finance to the Group shall not exceed the interest rate cap for the same kind of loan announced by the People’s Bank of China for the same period; meanwhile, it shall be equivalent to or less than the interest rate for the same class of loan provided by Chinalco Finance to Chinalco and other members of its group, or the interest rate for the same class of loan provided by the major commercial banks in the PRC for the same period, whichever is lower.
