PRINCIPAL TERMS OF THE LOAN AGREEMENT. On November 20, 2020, Tibet Honghe Zhiyuan entered into the Loan Agreement with Jinhua Hospital, pursuant to which, Tibet Honghe Zhiyuan has conditionally agreed to grant the Loan to Jinhua Hospital for a term of one year from the date of the relevant drawdown of each installment of the Loan. The principal terms of the Loan Agreement are set out below: Date : November 20, 2020
PRINCIPAL TERMS OF THE LOAN AGREEMENT. The principal terms of the Loan Agreement are set forth below. Date 16 June 2022
PRINCIPAL TERMS OF THE LOAN AGREEMENT. Date 23 June 2020 Parties (1) Shouda Huihe, a wholly-owned subsidiary of the Company, as lender; (2) Micro Parking, a wholly-owned subsidiary of Vstartup, as borrower; and (3) Vstartup, as guarantor. Principal amount of the Credit Facility Up to RMB50,000,000. Interest rate 6.88% per annum, which is determined after arm’s length negotiations among the parties and shall be calculated from the day following the date of drawdown up to the corresponding date of principal repayment. Drawdown period of the Credit Facility One (1) year commencing from the effective date of the Loan Agreement. Term of the Loans Up to three (3) years from the date of drawdown. Guarantee and pledge (i) Vstartup, as the sole shareholder of Micro Parking, jointly guarantees the payment obligations of Micro Parking under the Loan Agreement and undertakes to repay all the overdue principal amounts of the Loan(s) together with accrued interests thereon within 10 business days from the relevant due date if Micro Parking fails to perform its obligations thereunder; and (ii) Micro Parking shall pledge the income derived under the projects pertaining to each Loan in favour of Xxxxxx Xxxxx as security for the payment obligations of Micro Parking under the Loan Agreement.
PRINCIPAL TERMS OF THE LOAN AGREEMENT. The principal terms of the Loan Agreement include the following:
PRINCIPAL TERMS OF THE LOAN AGREEMENT. Date 30 December 2020
PRINCIPAL TERMS OF THE LOAN AGREEMENT. The principal terms of the Loan Agreement are summarised as follows: Principal Amount : S$2,000,000. Interest : The unpaid principal amount outstanding from time to time shall be subject to interest at the rate of 12.0% per annum and will be payable on the Maturity Date (as defined below).
PRINCIPAL TERMS OF THE LOAN AGREEMENT. Date : 1 November 2019 (after trading hours)
PRINCIPAL TERMS OF THE LOAN AGREEMENT. The principal terms of the Loan Agreement are summarized as below: Date : 18 June 2019 Co-lenders : 1. Planetic International Limited 2. STI Partners Limited 3. China Yinsheng Finance Limited Borrower : an individual, being an Independent Third Party Loan : HK$64,000,000 (Hong Kong Dollars Sixty-Four Million) Xxxxxxxx’s interest rate : 13.02% per annum Drawdown date : 20 June 2019 Repayment : The Loan will be repaid in full on 20 June 2020 while the interest will be repaid by twelve (12) consecutive monthly, the first of such instalements to be paid on the 20th day of July 2019 and the subsequent 20th day of each calendar month until full repayment thereof Mortgage : the charge over the Properties by the Borrower in favour of the Co- lenders as security for the due performance of all moneys payable by the Borrower to the Co-lenders Properties : Two residential properties situated in Homantin, Kowloon, with current market value of approximately HK$92.0 million REASONS FOR AND THE BENEFIT OF THE CO-LENDING AGREEMENT AND LOAN AGREEMENT One of the Group principal businesses is loan financing. The terms of the Co-lending Agreement and the Loan Agreement, including the interest rates, were arrived at after arm’s length negotiation between the parties having taken into account the prevailing market interest rates and practice. The Co-lending Agreement and the Loan Agreement allow the Company to invest its cash resources not immediately required in its operations in potential loan businesses offering a return well in excess of returns available from bank deposits or similar investments. By collaborating with other Co-lenders, the Company can target a broader range of customers / borrowers which in turn expands and diversifies the Company’s loan financing business. Having considered the terms of the Co-lending Agreement and the Loan Agreement, the Directors are of the view that the Co-lending Agreement, the Loan Agreement and the transactions contemplated thereunder are in line with the Company’s business strategy and consider that the terms of Co-lending Agreement and the Loan Agreement are on normal commercial terms and are fair and reasonable and are in the interests of the Company and its shareholders as a whole.
PRINCIPAL TERMS OF THE LOAN AGREEMENT. A summary of the principal terms of the Loan Agreement is set out below:
PRINCIPAL TERMS OF THE LOAN AGREEMENT. On July 24, 2019, the Company entered into the Loan Agreement with Jinhua Hospital, pursuant to which, the Company has conditionally agreed to grant through the PRC Subsidiaries the Loan to Jinhua Hospital. The principal terms of the Loan Agreement are set out below: Date : July 24, 2019
