Examples of New Loan Agreement in a sentence
The Directors are of the view that the terms of the New Loan Agreement were entered into on normal commercial terms based on the Group’s credit policy.
The Directors consider that the terms of the New Loan Agreement are fair and reasonable and thus the entering into of the New Loan Agreement is in the interests of the Company and the Shareholders as a whole.
The Directors are of the view that the entering into of the New Loan Agreement is in the Group’s ordinary and usual course of business; and on normal commercial terms within the meaning of the Listing Rules.
The transactions contemplated under the New Loan Agreement also constitute an advance to an entity which exceeds 8% under the assets ratio as defined under the Listing Rules, which shall be subject to the disclosure requirements under Rules 13.13 and 13.20 of the Listing Rules.
The SGM will be held to consider and, if thought fit, pass the ordinary resolution(s) to approve, among other things, the New Loan Agreement and the transactions contemplated thereunder.