Lending Services Sample Clauses
Lending Services. We may offer you lending services on a secured or unsecured basis. Where we provide these services to you, they will be governed by lending documents (separate to this Agreement), which will set out the terms of any loan made available to you. These terms are likely to cover, among other areas, interest rates, margin, loan purpose, financial covenants, undertakings, representations and any security taken over your assets.
Lending Services. Unless otherwise provided by Mercados De Valores, to borrow currencies, you must conclude with Mercados De Valores a separate Lending Services User Agreement and open a special Collateral Account and/or finish other relevant procedures, following the completion of registration and identity verification for your Mercados De Valores Account. You understand and agree that:
a. There are considerable risks involved in Lending Services, which include without limitation to risks of fluctuation of the borrowed Digital Assets’ value, derivative risks and technical risks. You shall carefully consider and exercise clear judgment to evaluate your financial situation and the aforesaid risks to make any decision on using Lending Services, and you shall be responsible for all losses arising therefrom;
b. you shall cooperate to provide the information and materials related to identity verification and Lending Services as required by Mercados De Valores, and be solely responsible for taking necessary security measures to protect the security of your Collateral Account and personal information;
c. you shall carefully read relevant Mercados De Valores Platform Rules before using Lending Services, and be aware of, understand and observe the specific information and rules regarding the operations of Lending Services, and you undertake that the use of the assets borrowed shall conform to requirements of these Terms and related laws and regulations;
d. Mercados De Valores has the full right to manage your Collateral Account and collateral during the period in which Lending Services are offered, and reserves the right, under the circumstances specified in the Lending Services User Agreement or these Terms, to implement various risk control measures, which include but are not limited to forced liquidation. Such steps may cause major losses to you and you shall be solely responsible for the outcomes of such measures;
e. Mercados De Valores has the right to temporarily or permanently prohibit you from using Lending Services when it deems it necessary or reasonable, and to the maximum extent permitted by law, without liability of any kind to you.
Lending Services. Pursuant to the Financial Services Framework Agreement, China Railway Finance shall provide lending services to CRECG and its associates. The interest rate for CRECG’s loan provided by China Railway Finance shall be no less than the applicable interest rate offered by the major commercial banks in the PRC for the same type of loan. Where CRECG fails to repay to China Railway loans in full and in time, China Railway Finance has the right to terminate the Financial Services Framework Agreement and may also offset the amount of loans payable by CRECG to China Railway Finance against CRECG’s deposits with China Railway Finance in accordance with applicable laws of the PRC.
Lending Services. As the relevant percentage ratios in respect of the lending services to be provided by China Railway Finance to CRECG under the Financial Services Agreement (calculated by reference to the maximum daily lending balance (including the accrued interest)) exceed 0.1% but are below 5%, the lending services to be provided by China Railway Finance to CRECG constitute non-exempt continuing connected transactions of the Company under the Listing Rules and are subject to the reporting and announcement requirements, but are exempt from independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.