ICBC Loan definition

ICBC Loan the loan advanced by the Industrial and Commercial Bank of China Limited to Peak “Independent Accountants” KPMG or Ernst & Young “Insite” 盈石企業管理( 上海) 有限公司 (Insite Asset Management (Shanghai) Company Limited), a limited liability company established in the PRC currently engaged by Peak to manage the Property “Insite Employees” existing employees of Insite to be employed by the Buyer or its affiliates to manage the Property after Completion “Insite Management Agreement” a management agreement to be entered into between the Buyer or any of its affiliates with Insite prior to Completion pursuant to which, inter alia, Insite shall (i) provide asset management services to the Buyer with respect to the Property for a period of 3 months from the Completion Date, with an option for the Buyer or any of its affiliates to extend such period for an additional 3 months, (ii) provide such asset management services at the monthly fee of not exceeding RMB237,500, and (iii) provide such asset management services during the term of the management agreement (including any extended term) using a team of staff with materially same title, status and position and not less than the number as the team of staff currently providing asset management services to Peak “Listing Rules” Rules Governing the Listing of Securities on the Stock Exchange “Material Adverse Change (or Effect)” any change (or effect), the consequence of which is to materially and adversely affect the financial position, business or property, results of operations, business prospects or assets of the Moral High Group
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ICBC Loan means the outstanding loan owed by Bestlinkage to Industrial and Commercial Bank of China Shanghai Nanhui Branch as at the Acquisition Completion
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ICBC Loan means the outstanding loan owing by Bestlinkage to Industrial and
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Examples of ICBC Loan in a sentence

  • The ICBC Loan bears interest at the benchmark annual lending and deposit rate of the People’s Bank of China and is payable by 120 monthly installments from July 2011 onwards.

  • As at 31 December 2012, RMB19.7 million (equivalent to HK$24,546,200) of the ICBC Loan has been drawn down by Changliu.

  • The ICBC Loan has been fully prepaid and settled during the year ended 31 December 2015.

  • The ICBC Loan bore interest at the benchmark annual lending and deposit rate of the People’s Bank of China and was repayable by 120 monthly installments from July 2011 onwards.

  • In addition, ICBC charged (i) 30% of the interest on the ICBC Loan; and (ii) 10% of the interest on the Sichuan Trust Loan, as administrative fee for the arrangement of the ICBC Loan and the Sichuan Trust Loan, which in aggregate amounting to RMB7,543,640 (equivalent to approximately HK$9,399,000).

  • In addition, ICBC charged (i) 30% of the interest on the ICBC Loan; and (ii) 10% of the interest on the Sichuan Trust Loan, as administrative fee for the arrangement of the ICBC Loan and the Sichuan Trust Loan.

  • The Group does not have updated information of the outstanding balance of the indebtedness under the ICBC Loan (“ICBC Indebtedness”), therefore, the fair value of the guarantee for ICBC Indebtedness cannot be ascertained.

  • Up to the Latest Practicable Date, information of the outstanding balance of the indebtedness of the ICBC Loan (as defined in the Company’s 2015 annual report) (‘‘ICBC Indebtedness’’) disclosed in the Group’s annual audited financial statements for the year ended 31 December 2015 for ascertaining the fair value of the guarantee for ICBC Indebtedness has yet been available.

  • The guarantee period shall be three years from the expiry date of the term of the loan under the ICBC Loan Agreement I.

  • Government Gouvernementof Canada du Canada MEMORANDUM NOTE DE SERVICE PTO .


More Definitions of ICBC Loan

ICBC Loan means indebtedness incurred pursuant to that certain agreement dated as of July 27, 2007 for an aggregate principal amount not exceeding RMB30 million.
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ICBC Loan means the US$30,000,000 loan from ICBC International Finance Ltd as lender to Lakes Invest Limited as borrower made pursuant to the ICBC Loan Agreement.
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Related to ICBC Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • PPP Loan has the meaning set forth in Section 3.28.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Term Loan as defined in Section 2.1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Committed Loan has the meaning specified in Section 2.01.