Examples of Loan Arrangement in a sentence
By virtue of the relationship between the parties as described above, the Borrower is a connected person of the Company and the Loan Arrangement constitutes a connected transaction for the Company under the Listing Rules.
The Directors consider that the Loan Arrangement would be beneficial to the Group in terms of return and risk control.
The Placement Fee will be a percentage of the sum borrowed under the Loan Arrangement (the “Consideration”) which will be amortised over the duration of the term of the Loan Arrangement.
For the sake of good corporate governance practices, Xx. Xxxx Xxxxxxx has abstained from voting on the Board resolutions approving the Loan Arrangement.
In view of the above, the Directors (including the independent non-executive Directors) are of the opinion that although the Loan Arrangement is not in the ordinary and usual course of business of the Group, the terms of the Loan Arrangement are on normal commercial terms and are fair and reasonable and in the interests of the Company and its shareholders as a whole.