Factoring Services definition

Factoring Services means the provision of a Factoring Line, the provision of an undertaking to pay an Approved Receivable, the monitoring of customer Receivables and handling the collection thereof, all subject to the terms and conditions of this agreement.
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Factoring Services the factoring services to be provided by the Factoring Co to the Group from time to time, including but not limited to those described under the paragraph headed “Factoring Services”
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Examples of Factoring Services in a sentence

  • If, on the other hand, the amendment or revision is not required under Applicable Law or for the Factoring Services to remain in compliance with requirements of a payment processor or financial institution, then the amendment shall take effect as of the date stated in the Site notice and, provided Merchant does not close its Account prior to that date, then Merchant shall be deemed to have accepted the amendment or revision.

  • A circular containing, among other things, (i) further information on the transactions contemplated under the Factoring Services Framework Agreement; (ii) a letter of advice issued by the Independent Financial Adviser; (iii) the recommendation of the Independent Board Committee; (iv) the EGM notice, and (v) other information prescribed by the Listing Rules, is expected to be sent to shareholders of the Company on or before 24 April 2025 in accordance with the Listing Rules.

  • Under the New Factoring Services Agreement, the Company revised the annual caps for the maximum daily balance for providing factoring services by Guoneng Factoring to Members of the Group for the two years ending 31 December 2025, while the annual caps for other transactions remained unchanged.

  • On 27 August 2020, the Board also agreed that, upon the expiry of the existing term of the Factoring Services Agreement on 4 November 2020, the term of the Factoring Services Transactions under the Factoring Services Agreement will be extended for one year, which is from 5 November 2020 to 4 November 2021.

  • Trinity Factoring Services Ltd is regulated and authorised directly by the Financial Conduct Authority (FCA) to conduct insurance business and as such has Agency Agreements with a variety of insurers from whom a commission is received in the normal course of insurance business.

  • The Independent Board Committee comprising of all Independent Non-executive Directors has been established to advise the Independent Shareholders in respect of the proposed annual caps under the Factoring Services Framework Agreement.

  • Since the highest applicable Percentage Ratio calculated with reference to the historical annual caps of the Factoring Services Transactions is less than 0.1%, the Factoring Services Agreement and the historical transactions contemplated thereunder are exempt from the announcement requirement under Chapter 14A of the Listing Rules.

  • Reference is made to the announcement of the Company dated 28 April 2023 in relation to the Original Factoring Services Agreement entered into between the Company and Guoneng Factoring, which sets out the provision of factoring services and other factoring-related services by Guoneng Factoring to Members of the Group, and the annual caps for the three years ending 31 December 2025, respectively.

  • Meanwhile, the Group will also adopt reasonable internal control procedures and corporate governance measures in relation to its utilization of the Commercial Factoring Services provided by the Factoring Company.

  • Accordingly, the transactions contemplated under the Factoring Services Framework Agreement constitute continuing connected transactions of the Company pursuant to Chapter 14A of the Hong Kong Listing Rules.