Commercial Factoring Agreement definition

Commercial Factoring Agreement the factoring agreement dated 20 August 2019 entered into between Chinlink Commercial Factoring and the Customer in relation to a commercial factoring arrangement with recourse for an amount of RMB17.0 million (equivalent to approximately HK$20.06 million) for the period commencing on 20 August 2019 and ending on 26 November 2019 at 8% interest rate per annum and handling charge of RMB42,500 (equivalent to approximately HK$50,150)
Sample 1

Examples of Commercial Factoring Agreement in a sentence

  • The entering into of the Commercial Factoring Agreement and the Guarantee Agreement will result in certain percentage ratios under Rule 14.07 of the Listing Rules exceeding 5% but below 25%, and hence the entering into of the Commercial Factoring Agreement and the Guarantee Agreement constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.

  • Taking the above into account, the Board is of the view that the terms of the Commercial Factoring Agreement and the Guarantee Agreement are fair and reasonable and on normal commercial terms, and the transactions contemplated thereunder are in the interest of the Group and its shareholders as a whole.

  • The Commercial Factoring Agreement and the Guarantee Agreement were entered into in the ordinary and usual course of business of the Group.

  • The obligations of the Customer under the Commercial Factoring Agreement is secured by the personal guarantee granted by the Individual Guarantor and the corporate guarantee provided by Chinlink Guarantee in favour of Chinlink Commercial Factoring .

  • The terms of the Commercial Factoring Agreement and the Guarantee Agreement were negotiated between the Group and the Customer on an arm’s length basis with reference to prevailing market rates and terms for similar arrangements and the scope of services providing to the Customer under the impact of Coronavirus Disease 2019 outbreak.

  • Three years from 1 January 2019 to 31 December 2021 Finance Lease Pursuant to the Finance Lease and Commercial Factoring Agreement, CCCC Financial Leasing shall provide finance lease services to CCCG Group in respect of the leased assets through direct leasing, operating lease or sale and leaseback arrangements.

  • Estimates for 2017 were selected for the Baseline Report due to their consistency with the timeframes most local governments were re- quired to adopt their local GMA comprehensive plans by – June 30, 2016.Charts and TablesThe remaining pages of the Population Estimates section include charts and tables using the data sources above to provide a pic- ture of estimated population growth and allocated population.

  • Subject matter Pursuant to the Guarantee Agreement, Chinlink Guarantee agreed to guarantee the settlement by the Customer of the obligation under the Commercial Factoring Agreement with principal amount of RMB15.0 million (equivalent to approximately HK$17.6 million).

  • Commercial Factoring Pursuant to the Finance Lease and Commercial Factoring Agreement, CCCC Financial Leasing shall provide commercial factoring services to CCCG Group in respect of receivables through factoring or reverse factoring arrangements.

  • Supervisors will guide and advice fellows in laying out rules for collaboration and authorship (see European Charter for Researchers).

Related to Commercial Factoring Agreement

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Collaborative pharmacy practice agreement means a written and signed

  • Collaborative practice agreement means a written agreement

  • Manufacturing Agreement has the meaning set forth in Section 2.6.

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • Commercial Agreement means an agreement, other than an agency agreement, made between carriers and relating to the provision of their joint services for carriage of passengers by air;

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Commercial driver s license" means:

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Placing Agreement means, in relation to a Series of Securities, the placing agreement entered into by the Issuer and the Dealer(s) in respect of such Series by execution of the relevant Trust Instrument and into which the terms of the Placing Terms Module are incorporated by reference as the same may be modified and/or supplemented by the Trust Instrument.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights;

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • Placement Agency Agreement means that certain Placement Agency Agreement by and between the Company and the Placement Agent, dated as of the date hereof.

  • Commercial Supply Agreement has the meaning set forth in Section 4.1 (Supply Agreement).

  • Letter of Intent (LOI means an intimation by a letter to Bidder that their Tender has been accepted in accordance with the provisions contained in the letter and hence to take preparatory steps and compliance of formalities to commence the work from the date desired by Owner.

  • Planning Agreement means an agreement, undertaking or obligation pursuant to the provisions of section 106 Town and Country Planning Act 1990 or section 111 of the Local Government Act 1972, section 33 of the Local Government (Miscellaneous Provisions) Act 1982 or an infrastructure agreement pursuant to section 38 or section 278 of the Highways Act 1980 or the section 104 of the Water Industry Act 1991;

  • Pricing Agreement means the pricing agreement between the Trust, the Debenture Issuer, and the underwriters designated by the Regular Trustees with respect to the offer and sale of the Preferred Securities.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Practice agreement means an agreement described in section 17047, 17547, or 18047.

  • Project Number means a unique number assigned to the project by the department or the city, village, town or county that is undertaking the project.