Extension of Loan Term. It is understood that the Lender is under no obligation to extend the term of this Agreement beyond the maturity of any of the notes and that any such extension will be made at the Lender's sole discretion. Any such extension will be evidenced by the acceptance by the Lender of a promissory note renewing and extending the time of payment of any of the notes on terms acceptable to the Lender.
Extension of Loan Term. Should Party B be unable to repay the Loan hereunder on schedule and needs to extend its term, it shall file a written application to Party A one month before this Contract expires; if Party A agrees with such extension request upon examination, a separate extension agreement will be signed between the Parties. If Party A disagrees with such extension request, this Contract shall remain effective, and the loan already occupied by Party B and the due interest accrued thereon shall be repaid according to the terms of this Contract.
Extension of Loan Term. Should Party A decide to apply for an extension of the term of the loan, a Bank of Communications Application for the Extension of the Term of the Entrusted Loan shall be submitted to Party B within 15 days prior to the due date of the loan. Party C shall carry out term extension procedures in accordance with the Bank of Communications Application for the Extension of the Term of the Entrusted Loan as approved by Party B. Party B shall be solely liable for losses incurred as a result of the extension of the term of the loan.
Extension of Loan Term. The Extended Maturity Date of the Loan is hereby amended to be October 13, 2023, unless Lender accelerates the Loan pursuant to an Event of Default, in which case the Loan shall mature on the date of acceleration (the applicable date being referred to as the “Extended Maturity Date”). The term “Extension Option” used in the Note, the Loan Agreement or any other Loan Document shall include the Extended Maturity Date set forth herein. Accordingly, the parties hereto agree that all references in the Loan Documents to Initial Maturity Date, Extended Maturity Date and Maturity Date shall hereafter mean “Maturity Date” and the Maturity Date shall be October 13, 2023 unless Lender accelerates the Loan pursuant to an Event of Default, in which case the Loan shall mature on the date of acceleration.
Extension of Loan Term. The Extended Maturity Date of the Loan shall be extended to September 13, 2023, unless Lender accelerates the Loan pursuant to an Event of Default, in which case the Loan shall mature on the date of acceleration (the applicable date being referred to as the “Extended Maturity Date”). The term “Extension Option” used in the Note, the Loan Agreement or any other Loan Document shall include the Extended Maturity Date set forth herein.
Extension of Loan Term. Provided that an Event of Default (as defined below) has not occurred and is continuing, the Borrower and the Lender may elect to extend the term of the Loan on mutually agreeable terms, to be determined at or prior to the maturity date.
Extension of Loan Term. The Indebtedness shall be paid by Borrower to Lender, in lawful money and legal tender of the United States of America, on March 5, 2017.
Extension of Loan Term. If the borrower needs to extend the loan term, it shall apply to the lender in writing prior to the maturity of the loan. Upon the consent of the lender and the guarantor, the lender, the borrower and the guarantor shall separately sign a loan extension repayment agreement. After the loan is extended, when the extended term of the loan plus the original term reaches the new interest rate term level, the interest rate shall be determined according to the current interest rate level of the accumulated term
Extension of Loan Term. The current maturity date of the Senior Loan will be extended for a period of sixty (60) months from the loan assumption date. Borrower shall further have an option to extend the maturity date for an additional eighteen (18) month period upon condition that the Senior Loan is not then in default in any monetary or material non-monetary manner and that Borrower pays a loan extension fee in the amount of 0.25% of the extended balance of the Senior Loan, plus all costs and expenses incurred by or on behalf of Senior Lender in connection with such extension, not to exceed $25,000.
Extension of Loan Term. The ENTRUSTER, the FIDUCIARY and the BORROWER, through amicable consultation between the ENTRUSTER and the BORROWER, can enter into a loan term extension contract 10 days ahead of maturity date.
