China Resources Group definition
Examples of China Resources Group in a sentence
This may include such China Resources Group listed company making payments by way of gift or capital contribution or shareholder loan to the borrower (to the extent permitted by PRC law).
Guarantee: The guarantors will unconditionally and irrevocably guarantee to the relevant lender the due and punctual performance by the borrower (when the guarantor is CRH) or by the borrower which is the guarantor’s subsidiary (when the guarantor is a China Resources Group listed company) of the borrower’s obligations to that lender in connection with that lender’s advance(s) to the borrower made under the Offshore Framework Loan Agreement 2013.
Guarantor(s) for loans made by the Group: CRH and, in the case of an advance to a subsidiary of a China Resources Group listed company, that China Resources Group listed company.
Borrowers: CRC, and any PRC established subsidiary of CRC or a China Resources Group listed company, which has become a party to the Onshore Framework Loan Agreement 2013 by acceding to its terms, but excluding CR Bank, CR Trust and any subsidiary of the Company.
Borrowers: CRH, any China Resources Group listed company and any of their subsidiaries, which has become a party to the Offshore Framework Loan Agreement 2013 by acceding to its terms, but excluding any entity which is established in the PRC and any member of the Group.
For this purpose, each guarantor which is a China Resources Group listed company will enter into a deed of guarantee before its subsidiary is permitted to borrow under the Offshore Framework Loan Agreement 2013.
Guarantee: The guarantors will unconditionally and irrevocably guarantee to the relevant lender the due and punctual performance by the borrower (when the guarantor is CRH) or by the borrower which is the guarantor’s subsidiary (when the guarantor is a China Resources Group listed company) of the borrower’s obligations to that lender in connection with that lender’s advance(s) to the borrower made under the Offshore Framework Loan Agreement 2016.
The Framework Loan Agreements 2016 provide the Company with greater flexibility in the management of its surplus cash resources by enabling it to lend a portion of its surplus cash resources and those of its subsidiaries to other China Resources Group companies, including CRC and CRH.
Guarantor(s) for loans made by the Group: CRH (except where the borrower is CRH) and, in the case of an advance to a subsidiary of a China Resources Group listed company, that China Resources Group listed company.
For this purpose, each guarantor which is a China Resources Group listed company will enter into a deed of guarantee before its subsidiary is permitted to obtain an advance under the Offshore Framework Loan Agreement 2016.