REVERSE FACTORING AGREEMENT Sample Clauses

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 29 May 2020, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring loan credit limits to Sheyang and Sheyang is entitled to apply for accounts receivables transfer and factoring services. If Sheyang needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring loan within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang are set out below: Reverse Factoring Agreement
Sample 1
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REVERSE FACTORING AGREEMENT. The Board hereby announces that on 20 September 2023, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Xxxxxxxx Xxxxxxxx and Xxxxxxxx Xxxxxxxx is entitled to apply for accounts receivables transfer and factoring services. If Xxxxxxxx Xxxxxxxx needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving factoring financing credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Xxxxxxxx Xxxxxxxx are set out below: Reverse Factoring Agreement Date : 20 September 2023 Parties : (1) Xxxxxxxx Xxxxxxxx (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Xxxxxxxx Xxxxxxxx and its ultimate beneficial owners (save as YDRE and its ultimate beneficial owner) are Independent Third Parties.)
Sample 1
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 27 March 2023, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Xxxxxxx Xxxxxxxxxxx and Xxxxxxx Xxxxxxxxxxx is entitled to apply for accounts receivables transfer and factoring services. If Xxxxxxx Xxxxxxxxxxx needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Jiangsu Xinqingyang are set out below: Reverse Factoring Agreement Date : 27 March 2023
Sample 1
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 28 December 2022, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Xxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxxxx is entitled to apply for accounts receivables transfer and factoring services. If Xxxxxx Xxxxxxxxx needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Dafeng Xingcheng are set out below: Reverse Factoring Agreement Date : 28 December 2022 Parties : (1) Xxxxxx Xxxxxxxxx (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Xxxxxx Xxxxxxxxx and its ultimate beneficial owner are Independent Third Parties.)
Sample 1
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 23 August 2022, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Sheyang Rice and Sheyang Rice is entitled to apply for accounts receivables transfer and factoring services. If Sheyang Rice needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang Rice are set out below: Reverse Factoring Agreement Date : 23 August 2022 Parties : (1) Xxxxxxx Xxxx (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Xxxxxxx Xxxx and its ultimate beneficial owner are Independent Third Parties.)
Sample 1
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 8 February 2021, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring loan credit limits to Sheyang Tour and Sheyang Tour is entitled to apply for accounts receivables transfer and factoring services. If Sheyang Tour needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring loan within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang Tour are set out below: Reverse Factoring Agreement Date : 8 February 2021 Parties : (1) Sheyang Tour (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Sheyang Tour and its ultimate beneficial owner are Independent Third Parties.)
Sample 1

Related to REVERSE FACTORING AGREEMENT

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