Volvo Financing Arrangements Sample Clauses

Volvo Financing Arrangements. As at the date of this announcement, Genius AFC is owned as to 80% by the Company and as to 20% by BNPP PF. As at the date of this announcement, (i) VCDC is wholly owned by Volvo, an indirect 97.8% owned subsidiary of Geely Holding; and (ii) VCIC is owned as to 50% by Volvo and as to 50% by Geely Holding, which in turn is wholly owned by Xx. Xx and his associate. Xx. Xx is an executive Director and a substantial Shareholder holding approximately 41% of the total issued share capital of the Company as at the date of this announcement, and is a connected person of the Company. Accordingly, each of VCDC, VCIC and Geely Holding is an associate of Xx. Xx and a connected person of the Company under the Listing Rules. The Volvo Dealers as defined in the Volvo Finance Cooperation Agreements include both the Connected Volvo Dealers and Independent Volvo Dealers, which will be covered by the Volvo Financing Arrangements. Since the Connected Volvo Dealers are connected persons of the Company, the transactions between Genius AFC and the Connected Volvo Dealers contemplated under the Volvo Financing Arrangements constitute continuing connected transactions of the Company pursuant to Chapter 14A of the Listing Rules. For the Independent Volvo Dealers and the Volvo Retail Customers, who are independent third parties to the Company and its connected persons, their transactions with Genius AFC are deemed to be connected transactions of the Company under Rule 14A.23 of the Listing Rules for the reason that the Independent Volvo Dealers and the Volvo Retail Customers will use the loans provided by Genius AFC to purchase Volvo-branded vehicles from VCDC and VCIC, who are connected persons of the Company under the Listing Rules. As the applicable percentage ratios for the proposed Volvo Annual Caps on an aggregated basis exceed 5% annually, the Volvo Finance Cooperation Agreements together with the Volvo Annual Caps are subject to the reporting, annual review, announcement, and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Sample 1
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Volvo Financing Arrangements. Reference is made to the Company’s announcement dated 24 January 2019 with respect to the Volvo Finance Cooperation Agreements pursuant to which Genius AFC agreed to provide vehicle financing services to the Volvo Dealers and Volvo Retail Customers in the PRC until 31 December 2021. The Volvo Finance Cooperation Agreements have an initial term of three years, and will then continue unless and until terminated by either party by giving at least 6 months written notice, subject to the approvals from the regulators of the Company and the Independent Shareholders. The Volvo Finance Cooperation Agreements set out the terms under which Genius AFC will provide vehicle financing services to the Volvo Dealers and the Volvo Retail Customers for Volvo-branded vehicles which are either imported or manufactured domestically. Such terms include (i) the provision of wholesale financing to the Volvo Dealers to assist them to buy Volvo-branded vehicles and eventually selling such vehicles to the Volvo Retail Customers; and (ii) the provision of retail financing to the Volvo Retail Customers to assist them to buy Volvo-branded vehicles from the Volvo Dealers. The maximum new financing amounts to be provided by Genius AFC to the Volvo Dealers are subject to the Volvo Annual Caps (Wholesale), which for the three years ending 31 December 2024 will be approximately RMB5,561.6 million, RMB6,037.9 million and RMB6,883.4 million, respectively. The maximum new financing amounts to be provided by Genius AFC to the Volvo Retail Customers are subject to the Volvo Annual Caps (Retail), which for the three years ending 31 December 2024 will be approximately RMB7,785.2 million, RMB8,819.4 million and RMB10,473.0 million, respectively.
Sample 1
Volvo Financing Arrangements. Reference is made to the Company’s announcement dated 24 January 2019 with respect to the Volvo Finance Cooperation Agreements pursuant to which Genius AFC agreed to provide vehicle financing services to the Volvo Dealers and Volvo Retail Customers in the PRC until 31 December 2021. The Volvo Finance Cooperation Agreements have an initial term of three years, and will then continue unless and until terminated by either party by giving at least 6 months written notice, subject to the approvals from the regulators of the Company and the Independent Shareholders. Details of the Volvo Finance Cooperation Agreements are set out below: Date 11 December 2015 Parties
Sample 1

Related to Volvo Financing Arrangements

  • CLOSING ARRANGEMENTS Where each of the Seller and Buyer retain a lawyer to complete the Agreement of Purchase and Sale of the property, and where the transaction will be completed by electronic registration pursuant to Part III of the Land Registration Reform Act, R.S.O. 1990, Chapter L4 and the Electronic Registration Act, S.O. 1991, Chapter 44, and any amendments thereto, the Seller and Buyer acknowledge and agree that the exchange of closing funds, non-registrable documents and other items (the “Requisite Deliveries”) and the release thereof to the Seller and Buyer will (a) not occur at the same time as the registration of the transfer/deed (and any other documents intended to be registered in connection with the completion of this transaction) and (b) be subject to conditions whereby the lawyer(s) receiving any of the Requisite Deliveries will be required to hold same in trust and not release same except in accordance with the terms of a document registration agreement between the said lawyers. The Seller and Buyer irrevocably instruct the said lawyers to be bound by the document registration agreement which is recommended from time to time by the Law Society of Upper Canada. Unless otherwise agreed to by the lawyers, such exchange of the Requisite Deliveries will occur in the applicable Land Titles Office or such other location agreeable to both lawyers.

  • Monitoring Arrangements 8.1 We will formally monitor the progress of the access agreement at least once a year through the SCITT Policy Committee who will report annually to the Board of Governors of the Lead School (Dorcan Technology College, Swindon). Initial monitoring will be concerned with participation rates and the development of data on lower income and other under-represented groups, against which to monitor. When specific baselines, targets, and milestones are determined we will look to monitor against these.

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Financing Agreements The School shall comply with Ch. 37D, HRS, relating to financing agreements. “Financing agreement” means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

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