Print Page    Close Window    

SEC Filings

SC TO-I/A
VIPSHOP HOLDINGS LTD filed this Form SC TO-I/A on 03/07/2017
Entire Document
 << Previous Page | Next Page >>

 

and if, in either case, that rate is less than zero, LIBOR shall be deemed to be zero.

 

Loan” means the loan made or to be made under the Facility or the principal amount outstanding for the time being of the loan.

 

London Business Day” means a day (other than a Saturday or Sunday) on which commercial banks are open for general business including dealings in interbank deposits in London.

 

Majority Lenders” means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

 

Mandate Letter” means the mandate letter dated 21 February 2017 and made between the Mandated Lead Arrangers as the mandated lead arrangers, the bookrunners and the underwriters and the Borrower as the company.

 

Margin” means:

 

(a)                                 0.5 per cent. per annum from the Utilisation Date to the date falling one Month after that date;

 

(b)                                 1 per cent. per annum from the date falling one Month after the Utilisation Date to the date falling 3 Months after the Utilisation Date;

 

(c)                                  1.5 per cent. per annum from the date falling 3 Months after the Utilisation Date to the date falling 5 Months after the Utilisation Date;

 

(d)                                 2.25 per cent. per annum from the date falling 5 Months after the Utilisation Date to the date falling 8 Months after the Utilisation Date; and

 

(e)                                  2.75 per cent. per annum from the date falling 8 Months after the Utilisation Date to Final Repayment Date.

 

Material Adverse Effect” means in the reasonable opinion of the Majority Lenders a material adverse effect on:

 

(a)                                 the business or financial condition of an Obligor or the Group taken as a whole;

 

(b)                                 the ability of an Obligor to perform its obligations under the Finance Documents; or

 

(c)                                  the validity,  legality or enforceability of any Finance Documents or the rights or remedies of any Finance Party under any of the Finance Documents..

 

Material Subsidiary” means each “Significant Consolidated Entity” as disclosed in Exhibit 8.1 to the Borrower’s most recent annual report on Form 20-F, 上海品众商业保理有限公司 (Shanghai Pinzhong Commercial Factoring Co., Ltd.), 唯品会(肇庆)物流有限公司 (Vipshop (Zhaoqing) Logistics Co., Ltd.), 湖北唯品会物流有限公司 (Hubei Vipshop Logistics Co., Ltd.), 广州唯品会网络技术有限公司 (Guangzhou Vipshop Network Technology Co., Ltd.), 浙江唯品会支付服务有限公司 (Zhejiang Vipshop Payment Co., Ltd.) or 天津品简电子商务有限公司 (Tianjin Pinjian E-Commerce Co., Ltd.).

 

9


 << Previous Page | Next Page >>