Factoring Agreement definition

Factoring Agreement means an agreement by and between a Borrower or a Subsidiary of a Borrower and a Factoring Company pursuant to which a Borrower or such Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.

Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

Factoring Agreement means one or more receivables purchase agreements (or similar agreements) entered into by the Issuer or any of its Restricted Subsidiaries with one or more Factors, as the same may be amended, modified, supplemented and/or replaced from time to time so long as any such replacement agreement is on terms no less favorable to the Issuer or any of its Restricted Subsidiaries in any material respect than those terms set forth in the Factoring Agreements as in effect on the Issue Date.

Examples of Factoring Agreement in a sentence

• The failure of the approved buyer to pay to the Insured at the end of the due date (including extensions), the whole or part of the insured debt under the Trade Receivables Purchase /Discounting /Factoring Agreement or single invoice covers through bill discounting /factoring, only on invoice discounting e-platforms such as TreDs, relating to the goods / services delivered to and accepted by the approved buyer.

• The Directors (including the independent non-executive Directors) are of the view that the terms of the Supplemental Factoring Agreement are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.

• As one or more of the applicable percentage ratios (as defined in the Listing Rules) in relation to the entry of the Supplemental Factoring Agreement exceeds 5%, but is less than 25%, the entry of the Supplemental Factoring Agreement constitutes a discloseable transaction for the Company under the Listing Rules, and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules only.

• IMPLICATIONS UNDER THE GEM LISTING RULES As none of the applicable percentage ratios for the transaction under the Factoring Agreement I calculated in accordance with the GEM Listing Rules exceed 5%, the transaction contemplated under the Factoring Agreement I, on a standalone basis, did not constitute a notifiable transaction for the Company under Chapter 19 of the GEM Listing Rules.

• Factoring is a continuing legal relationship between A financial institution (the Factor) and A Buisness Concern (the Seller or Client).(b) Factoring Agreement menu option is MFA.

More Definitions of Factoring Agreement

Factoring Agreement means an agreement including a declaration of pledge entered or to be entered into between the Borrower and the Agent (on behalf of the Finance Parties and the Swap Banks) whereby the Borrower pledges to the Agent on behalf of the Finance Parties all claims arising from the Borrower’s business operation as security for the Finance Documents and Swap Agreements, in the terms and form as the Agent may require.

Factoring Agreement mean that certain Factoring Agreement dated October 30, 1995, by and between Buyer and Seller (the "Factoring Agreement"), pursuant to which Seller may sell, and Buyer may purchase, certain receivables owned by Seller, and all amendments, re- newals and modifications thereof, and supplements thereto.

Factoring Agreement means a factoring, receivables purchase or similar agreement which is not entered into in connection with or as part of a Permitted Securitization or Specified Transaction.

Factoring Agreement means, individually and collectively, the -------------------- Amended and Restated Factoring Service Agreement effective as of March 31, 1993 between Borrower and Factor, and the Factoring Service Agreement effective as of July 15, 1986 between Borrower and Factor, as each such agreement exists, has been or may hereafter be amended, restated, renewed, extended, supplemented, substituted or otherwise modified from time to time.

Factoring Agreement the revolving factoring facility agreement entered into between the Company and the Factoring Bank on March 21, 2023 “Factoring Bank” Bank of Jiangsu Co., Ltd. Beijing Branch* ( 江蘇銀行股份有限公司北京分行), a joint stock bank which is principally engaged in banking and related financial services, and also a branch of Bank of Jiangsu Co., Ltd, a company listed on Shanghai Stock Exchange (stock code: 000000.XX)

Factoring Agreement set forth in this Section 1.1.

Factoring Agreement means the agreements listed on Schedule 1.01(C) and such other factoring agreements as are entered into by the Borrower in the ordinary course of business.