Examples of Revolving Loan Facility in a sentence
As one or more of the applicable percentage ratios (as defined under the Listing Rules) in respect of the grant of the Revolving Loan Facility is more than 5%, the Supplemental Facility Agreement and the grant of the Revolving Loan Facility is subject to the reporting, announcement, Independent Shareholders’ approval, circular, annual reporting and annual review requirements under Chapter 14A of the Listing Rules.
The Term Facility Administrative Agent shall retain all power, authority and discretion with regard to the Term Loan Facility and the Revolving Facility Administrative Agent shall retain all power, authority and discretion with regard to the Revolving Loan Facility in each case to the extent such power, authority and discretion is delegated to any Administrative Agent under this Agreement.
References are made to the Company’s announcement dated 3 September 2019 (the “2019 Announcement”), the Company’s circular and notice of extraordinary general meeting dated 15 October 2019 and the Company’s poll results announcement of the extraordinary general meeting held on 31 October 2019 dated 31 October 2019, each in relation to the grant of Revolving Loan Facility of up to HK$100 million to PCL, an indirect non-wholly owned subsidiary of the Company, pursuant to the 2019 Facility Agreement.
As at the date of this announcement, the Revolving Loan Facility has been fully utilised.
As at the date of this announcement, an aggregate sum of HK$170 million under the Revolving Loan Facility and the 2021 Revolving Loan Facility have been utilised by PCL.