Other Financial Services. Any Tonly Qualified Member may from time to time and in its absolute discretion request any TCL Financial Services Associates to provide Other Financial Services, including, among other things, financial advisory services, settlement advisory services, insurance agency services, agency lending and borrowings and any other services approved by relevant regulatory authority. The fees charged by TCL Financial Services Associates in respect of provision of Other Financial Services within the PRC shall not be higher than the lowest of (i) the fees promulgated by PBOC (if applicable) for relevant services from time to time; (ii) the fees charged by major commercial banks of the PRC in respect of relevant services; and (iii) the fees charged for the relevant services offered by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating. Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates within the PRC shall not be less favorable than those offered by PBOC, major commercial banks of the PRC and by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating for the relevant services and shall be on normal commercial terms. The fees charged by TCL Financial Services Associates in respect of provision of Other Financial Services outside the PRC shall not be higher than the lower of (i) the fees promulgated by the major commercial banks located in the place where the relevant Tonly Qualified Member is located for relevant services; and (ii) the fees charged for the relevant services offered by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating. Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates outside the PRC shall not be less favorable than those offered by the major commercial banks located in the place where the relevant Tonly Qualified Member is located and by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating for the relevant services and shall be on normal commercial terms. The relevant Tonly Qualified Member determine in its absolute discretion to use Other Financing Services provided by TCL Financial Services Associates or any other independent financial institutions. The relevant Tonly Qualified Member may enter into separate written agreements with TCL Financial Services Associates in relation to the provision of the specific services under Other Financial Services with a view to setting out the detailed terms of the transactions, as long as such terms comply with the requirements of the Listing Rules and the Master Financial Services (2017 Renewal) Agreement.
Appears in 1 contract
Sources: Master Financial Services Agreement
Other Financial Services. Any Tonly Qualified Member may from time to time and in its absolute discretion request any TCL Financial Services Associates to provide Other Financial Services, including, among other things, financial advisory services, settlement advisory services, insurance agency services, agency lending and borrowings and any other services approved by relevant regulatory authority. The fees charged by TCL Financial Services Associates in respect of provision of Other Financial Services within the PRC shall not be higher than the lowest of (i) the fees promulgated by PBOC (if applicable) for relevant services from time to time; (ii) the fees charged by major commercial banks of the PRC in respect of relevant services; and (iii) the fees charged for the relevant services offered by TCL Financial Services Associates to any other members of the TCL Corporation Holdings Group (including the Group) and/or Independent Third Parties with the same credit rating. There will be at least more than one referencing rate available regarding each of the Other Financial Services since all Other Financial Services are ordinary financial services approved by the CBRC and TCL Financial Services Associates are not the only entities which provide such financial services in the market. Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates within the PRC shall not be less favorable than those offered by PBOC, major commercial banks of the PRC and by TCL Financial Services Associates to any other members of the TCL Corporation Holdings Group (including the Group) and/or Independent Third Parties with the same credit rating for the relevant services and shall be on normal commercial terms. The fees (see note 3 at page 14 of this announcement) charged by TCL Financial Services Associates in respect of provision of Other Financial Services outside the PRC shall not be higher than the lower of (i) the fees promulgated by the major commercial banks located in the place where the relevant Tonly Qualified Member is located for relevant services; and (ii) the fees charged for the relevant services offered by TCL Financial Services Associates to any other members of the TCL Corporation Holdings Group (including the Group) and/or Independent Third Parties with the same credit rating. Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates outside the PRC shall not be less favorable than those offered by the major commercial banks located in the place where the relevant Tonly Qualified Member is located and by TCL Financial Services Associates to any other members of the TCL Corporation Holdings Group (including the Group) and/or Independent Third Parties with the same credit rating for the relevant services and shall be on normal commercial terms. The relevant Tonly Qualified Member determine in its absolute discretion to use Other Financing Services provided by TCL Financial Services Associates or any other independent financial institutions. The relevant Tonly Qualified Member may enter into separate written agreements with TCL Financial Services Associates in relation to the provision of the specific services under Other Financial Services with a view to setting out the detailed terms of the transactions, as long as such terms comply with the requirements of the Listing Rules and the Master Financial Services (2017 2019 Renewal) Agreement.
Appears in 1 contract
Sources: Master Sale and Purchase Agreement
Other Financial Services. Any Tonly Qualified Member may from time to time and in its absolute discretion request any TCL Financial Services Associates to provide Other Financial Services, including, among other things, financial advisory services, settlement advisory services, insurance agency services, agency lending and borrowings and any other services approved by relevant regulatory authority. The fees charged by TCL Financial Services Associates in respect of provision of Other Financial Services within the PRC shall not be higher than the lowest of (i) the fees promulgated by PBOC (if applicable) for relevant services from time to time; (ii) the fees charged by major commercial banks of the PRC in respect of relevant services; and (iii) the fees charged for the relevant services offered by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating. Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates within the PRC shall not be less favorable than those offered by PBOC, major commercial banks of the PRC and by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating for the relevant services and shall be on normal t h e r e l e v a n t s e r v i c e s a n d s h a l l b e o n n o r m a l commercial terms. The fees charged by TCL Financial Services Associates in respect of provision of Other Financial Services outside the PRC shall not be higher than the lower of (i) the fees promulgated by the major commercial banks located in the place where the relevant Tonly Qualified Member is located for relevant services; and (ii) the fees charged for the relevant services offered by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating. Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates outside the PRC shall not be less favorable than those offered by the major commercial banks located in the place where the relevant Tonly Qualified Member is located and by TCL Financial Services Associates to any other members of the TCL Corporation Group (including the Group) with the same credit rating for the relevant services and shall be on normal commercial terms. The relevant Tonly Qualified Member determine in its absolute discretion to use Other Financing Services provided by TCL Financial Services Associates or any other independent financial institutions. The relevant Tonly Qualified Member may enter into separate written agreements with TCL Financial Services Associates in relation to the provision of the specific services under Other Financial Services with a view to setting out the detailed terms of the v i e w t o s e t ti n g o u t t h e d e t a i l e d te r ms o f t h e transactions, as long as such terms comply with the requirements of the Listing Rules and the Master Financial Services (2017 2018 Renewal) Agreement.
Appears in 1 contract
Sources: Master Financial Services Agreement