Common use of Amendment and Termination of the Contract Clause in Contracts

Amendment and Termination of the Contract. 1. After the contract is put into force, neither party shall amend or terminate the contract arbitrarily. 2. In case Party A is not able to repay the loan through efforts when the loan becomes due, Party A may apply for a extension of repaying to Party B, one loan may only be extended once. Party A shall make a written application to Party B 20 workdays in advance, and submit a written letter of guarantee with a third Party As guarantor or mortgager who agrees to the extension. Upon the approval of Party B an extension agreement of repaying shall be signed as an appendix to the contract. 3. Shall Party A transfer the rights or obligations under the contract to a third party, a written consent shall be obtained from Party B in advance. The transferring becomes effective after the signing of a new loan contract between the transferee and Party B. 4. Shall change of systems such as of mergence, separation, contracting and transform of stock system etc. Occurs in either Party A or B, the rights or obligations under the contract shall be enjoyed or borne by the party concerned after the change.

Amendment and Termination of the Contract. 1. After the contract is put into force, neither party shall amend or terminate the contract arbitrarily. 2. In case Party A is not able to repay the loan through efforts when the loan becomes due, Party A may apply for a extension of repaying to Party B, one loan may only be extended once. Party A shall make a written application to Party B 20 workdays in advance, and submit a written letter of guarantee with a third Party As A's guarantor or mortgager who agrees to the extension. Upon the approval of Party B an extension agreement of repaying shall be signed as an appendix to the contract. 3. Shall Party A transfer the rights or obligations under the contract to a third party, a written consent shall be obtained from Party B in advance. The transferring becomes effective after the signing of a new loan contract between the transferee and Party B. 4. Shall change of systems such as of mergence, separation, contracting and transform of stock system etc. Occurs in either Party A or B, the rights or obligations under the contract shall be enjoyed or borne by the party concerned after the change.

Amendment and Termination of the Contract. 1. After the contract is put into force, neither party shall amend or terminate the contract arbitrarily. 2. In case Party A is not able to repay the loan through efforts when the loan becomes due, Party A may apply for a extension of repaying to Party B, one loan may only be extended once. Party A shall make a written application to Party B 20 10 workdays in advance, and submit a written letter of guarantee with a third Party As A's guarantor or mortgager who agrees to the extension. Upon the approval of Party B an extension agreement of repaying shall be signed as an appendix to the contract. 3. Shall Party A transfer the rights or obligations under the contract to a third party, a written consent shall be obtained from Party B in advance. The transferring becomes effective after the signing of a new loan contract between the transferee and Party B. 4. Shall change of systems such as of mergence, separation, contracting and transform of stock system etc. Occurs in either Party A or B, the rights or obligations under the contract shall be enjoyed or borne by the party concerned after the change.

Amendment and Termination of the Contract. 1. After 1.After the contract is put into force, neither party shall amend or terminate the contract arbitrarily. 2. In 0.Xx case Party A is not able to repay the loan through efforts when the loan becomes due, Party A may apply for a extension of repaying to Party B, one loan may only be extended once. Party A shall make a written application to Party B 20 workdays in advance, and submit a written letter of guarantee with a third Party As A's guarantor or mortgager who agrees to the extension. Upon the approval of Party B an extension agreement of repaying shall be signed as an appendix to the contract. 3. Shall 3.Shall Party A transfer the rights or obligations under the contract to a third party, a written consent shall be obtained from Party B in advance. The transferring becomes effective after the signing of a new loan contract between the transferee and Party B. 4. Shall 4.Shall change of systems such as of mergence, separation, contracting and transform of stock system etc. Occurs in either Party A or B, the rights or obligations under the contract shall be enjoyed or borne by the party concerned after the change.