Deposit Cap definition

Deposit Cap the maximum daily outstanding balance of deposits (including accrued interest) to be placed by the Group with CSCF under the Renewal Financial Services Master Agreement;
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Examples of Deposit Cap in a sentence

  • Chanceton Capital has been appointed as the Independent Financial Adviser with the approval of the Independent Board Committee to advise the Independent Board Committee and the Independent Shareholders in respect of the Deposit Services and the Proposed Daily Deposit Cap.

  • The Independent Board Committee has been established to advise the Independent Shareholders as to the fairness and reasonableness of the terms of the Deposit Services and the Proposed Daily Deposit Cap, and to advise the Independent Shareholders on how to vote at the SGM.

  • The SGM will be convened for the Independent Shareholders to consider and, if thought fit, to approve the New Financial Services Agreement, the transactions contemplated thereunder and the Proposed Daily Deposit Cap.

  • The Daily Deposit Cap to be placed by the Group with Shougang Finance Company is RMB300,000,000 during the Term.

  • The Daily Deposit Cap to be placed by the Group with Shougang Finance Company is RMB400,000,000 during the Term.

  • An Independent Board Committee comprising all the independent non-executive Directors, has been established to advise the independent Shareholders in relation to the Deposit Services contemplated under the Financial Services Agreement (including the Deposit Cap).

  • The finance department of the Company will monitor the aggregate amount of funds deposited into the designated accounts of the Group at Shougang Finance Company together with accrual interest on a daily basis to ensure that the proposed Daily Deposit Cap will not be exceeded.

  • In addition, as one or more of the applicable percentage ratios for the Proposed Deposit Cap exceed(s) 25%, the Deposit Services contemplated under the 2018 Financial Services Agreement also constitutes a major transaction of the Company under Chapter 14 of the Listing Rules.

  • The Company has appointed ▇▇▇▇▇▇▇▇ as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in respect of the Acquisition, the proposed annual caps of the provision of products and services by COFCO Group to the Group under the 2024 Mutual Supply Agreement, and the Proposed Deposit Cap of the Deposit Services under the 2024 Financial Services Agreement.

  • As certain applicable percentage ratios in respect of the Proposed Daily Deposit Cap are more than 5%, the Deposit Services are subject to the reporting, announcement and the Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.