Examples of Counter Guarantors in a sentence
Therefore, Fuye Group and the Counter Guarantors are connected persons of the Company.
Therefore, Xx. Xxx, the Purchasers and Lingjia New Material, being the CCT Counter Guarantors, are connected persons of the Company under the Listing Rules.
Neither the Company nor the CCT Counter Guarantors will receive any fee or commission from providing the CCT Master Guarantee and the CCT Counter Guarantee respectively.
Heding Copper is entitled (i) to cease to provide guarantees if the Counter Guarantors fail to provide counter-guarantees and (ii) to request Fuye Group to increase counter-guarantees in accordance with the actual condition.
Consideration: Neither the Company nor the CCT Counter Guarantors will receive any fee or commission from providing the CCT Master Guarantee and the CCT Counter Guarantee respectively.
Shall perform the duties and have the authority expressly assigned to the treasurer by this congregation’s constitution, bylaws, and continuing resolutions; 3.
The Board announces that on 16 November 2018, Heding Copper, Fuye Group and the Counter Guarantors entered into the New Mutual Guarantees Agreement, pursuant to which, among others, (i) the Proposed Cap shall be RMB1,600,000,000; and (ii) the Counter Guarantors shall act as the counter-guarantors of Fuye Group.
Subject matter Pursuant to the CCT Master Agreement, the Group agreed to provide the CCT Master Guarantee, and each of the CCT Counter Guarantors agreed to jointly and severally provide the CCT Counter Guarantee up to the amount of the Annual Caps, subject to the terms and conditions of the CCT Master Agreement.
As the above-mentioned financial assistances received by the Group from the CCT Counter Guarantors and the CCT Group is on normal commercial terms or better and is not secured by the assets of the Group, they are fully exempted from the reporting, announcement and Independent Shareholders’ approval requirements pursuant to Rule 14A.90 of the Listing Rules.
In order to meet the actual production and operation needs of Heding Copper, lower the finance cost, the Board announces that on 28 December 2021, Heding Copper, Fuye Group and the Counter Guarantors entered into the New Mutual Guarantees Agreement, which shall become effective on 1 January 2022, whereby the Mutual Guarantees Agreement shall be terminated on the same day.