Examples of Previous Loan in a sentence
Previous Loan Agreements have been authorized by the Board via resolution prior to signing.
Subject to the Previous Xxxxxx’s overriding right of repayment on events of default, the Borrower shall repay the Previous Loan in full in one lump sum together with all interest accrued thereon and all other monies payable under the Previous Agreement on the repayment date.
Pursuant to the Rules 14A.81 and 14A.82 of the Listing Rules, the Loan Agreement and the Previous Loan Agreement shall be aggregated as if they were one transaction because they were entered into within a 12-month period by the Company with parties who are connected with one another.
PREVIOUS LOAN On 30 October 2020, the Previous Lender and the Borrower entered into a loan agreement pursuant to which the Previous Lender granted to the Borrower the Previous Loan in the principal amount of RMB29,000,000 in accordance with the terms thereunder.
Pursuant to the First Shareholders’ Loan Agreement, the Lenders granted the Previous Loan in a principal amount of HK$30 million to the Borrower for a term of 60 months commencing from the date of each drawdown of the Previous Loan.
Within the period of 12 months immediately preceding and up to the date of the Loan Agreements, the Lender had entered into Previous Loan Agreements with the Borrowers in relation to the provision of the loan facilities of up to an aggregate amount of HK$45,200,000 with details as set out in the announcement of the Company dated 15 November 2021.
The Company has on 12 December 2018 received a sum of S$2,700,000 (“Deposit”) deposited by the Lender under the Previous Loan Agreement and the Company and the Lender have agreed to treat the Deposit as the Loan.
Reference is made to the announcements of the Company dated 15 November 2021, 26 November 2021 and 17 December 2021 in relation to provision of the loan facilities of up to an aggregate amount of HK$65,400,000 granted by the Lender (an indirect wholly-owned subsidiary of the Company) to the Borrowers under the Previous Loan Agreements.
The Lender as lender entered into the Previous Loan Agreements with the Borrower and the Borrower’s Subsidiary, pursuant to which, the Lender agreed to, among other things, make available to the Borrower a loan facility, which is secured by debentures over the undertaking, property and assets of the Borrower and the Borrower’s Subsidiary, with interest rate of HIBOR plus 4% per annum.
LISTING RULES IMPLICATIONS As an applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of the New Loan and the Previous Loan granted to the Borrower in aggregate exceeds 5% but is less than 25%, the grant of the New Loan and the Previous Loan in aggregate constitutes a discloseable transaction for the Company and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules.