Examples of Loan Agreements in a sentence
The annual lending caps for the maximum aggregate amount which can be lent by the Group on any single day have been determined after assessing the maximum amount of exposure at any time which the Group is prepared to assume under the Framework Loan Agreements 2016 in the context of its estimated temporary surplus cash resources as well as the historical amount lent by the Group as set out on page 5 of this announcement.
As the applicable size test percentage ratios exceed 0.1% but are less than 5% in respect of the continuing connected transactions under the Framework Loan Agreements 2016, the transactions are only subject to the reporting, annual review and announcement requirements but are exempted from the independent shareholders’ approval requirement of the Listing Rules.
Reference is made to the announcement of the Company dated 31st December, 2013 in relation to, among other things, the entering of the Framework Loan Agreements 2013.
The Framework Loan Agreements 2016 provide the Company with greater flexibility in the management of its surplus cash resources by enabling it to lend a portion of its surplus cash resources and those of its subsidiaries to other China Resources Group companies, including CRC and CRH.
Financial condition of the guarantors All advances to any member of the China Resources Group will be guaranteed by (i) CRC; (ii) CRH; or (iii) CRH and a China Resources Group listed company, depending on the relevant Framework Loan Agreements 2016 and the identity of the borrower.