Extension of Loans. (a) The Company may, on one or more occasions, by written notice to the Administrative Agent, make one or more offers (each, a “Loan Extension Offer”) to all the Lenders of one or more Classes on the same terms to each such Lender (each Class subject to such a Loan Extension Offer, a “Specified Class”) to make one or more amendments (a “Loan Extension Amendment”) pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to the Company; provided that (i) any such offer shall be made by the Company to all Lenders with Loans of the Specified Class with a like maturity date (whether under one or more tranches) on a pro rata basis (based on the aggregate outstanding principal amount of the applicable Loans and Commitments), (ii) no Default or Event of Default shall have occurred and be continuing at the time of any such offer, (iii) any applicable Minimum Extension Condition shall be satisfied unless waived by the Company and (iv) in the case of any Loan Extension Amendment relating to the Revolving Credit Commitments, each Issuing Lender shall have approved such Loan Extension Amendment. Such notice shall set forth (x) the terms and conditions of the requested Loan Extension Amendment and (y) the date on which such Loan Extension Amendment is requested to become effective (which shall not be less than five Business Days after the date of such notice, unless otherwise reasonably agreed to by the Administrative Agent). Loan Extension Amendments shall become effective only with respect to the Loans and Commitments of the Lenders of the Specified Class that accept the applicable Loan Extension Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments of such Specified Class as to which such Lender’s acceptance has been made. No Lender shall be deemed to have accepted any Loan Extension Offer unless it shall have affirmatively done so, it being further understood that no Lender shall have any obligation to accept any Loan Extension Offer.
(b) A Loan Extension Amendment shall be effected pursuant to an amendment to this Agreement (a “Loan Extension Agreement”) executed and delivered by the Borrowers, each applicable Accepting Lender and the Administrative Agent. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan Extension Agreement. Each Loan Extension Agreement may, without the consent of any Len...
Extension of Loans. 2.1. Subject to the terms and conditions hereof, the Borrowers respectively acknowledge that, under the Original Loan Agreement , the Original Lender provided to Xxxx Xx a loan in the amount of Renminbi Nine Million (RMB9,000,000.00), and provided to SUN Tongyu a loan in the amount of Renminbi One Million (RMB1,000,000.00); Xxxxx Xxx agrees to assume the loan provided to SUN Tongyu in the amount of Renminbi One Million (RMB1,000,000.00) under the Original Loan Agreement in accordance with the provisions of the Equity Transfer Agreement; the Lender has fully repaid the foregoing loans to the Original Lender on behalf of the Borrowers; Xxxx Xx, SUN Tongyu and the Original Lender have entered into the Termination Agreement of Original Loan Agreement. Therefore, for the purposes of this Agreement, the Lender provides to Xxxx Xx a Loan in the amount of Renminbi Nine Million (RMB9,000,000.00), and provides to Xxxxx Xxx a Loan in the amount of Renminbi One Million (RMB1,000,000.00).
2.2. The Borrowers hereby acknowledge the above debts owed to the Lender, and agree to fulfill their respective repayment obligations and their other obligations hereunder in accordance with the terms hereof.
2.3. The Borrowers agree to enter into an equity pledge agreement with the Lender in form and substance satisfactory to the Lender concurrently with the execution of this Agreement whereby the Borrowers will pledge the entirety of their equity interests in Zhejiang Taobao to the Lender as security for the Loans.
Extension of Loans. 2.1 Lender agrees to provide to Borrower a loan in the amount of Renminbi Five Hundred Thousand (RMB500,000.00) (the “Loan”) on the Effective Date. The Loan shall have a term of 10 years which commences from the Effective Date and may be automatically renewed upon the expiry of such term, provided that Lender does not oppose such renewal by giving a prior written notice.
Extension of Loans. 2.1 Lender agrees to provide to Borrower a loan in the amount of RMB Seven Hundred Thousand (700,000.00) on the Effective Date (hereinafter referred to as the “Loan”).The Loan shall have a term of 10 years which commences from the Effective Date and may be automatically renewed upon the expiry of such term, provided that Lender does not oppose such renewal by giving a prior written notice.
Extension of Loans. Extensions may be requested by the Borrowers. Extensions will be granted at the discretion of Lender. If there is no written agreement in force extending or altering the terms of the loan contract on the balance due date and Lender is not taking steps to recover the Loans or has not advised the Borrowers that the Loans will not be extended, the Loans may be automatically extended on the following terms:
(a) the applicable loan extension fee will be charged to the Borrowers’ loan account;
(b) the payment periods will be the same;
(c) the interest rate and term will be those stated in a communication that Lender will send the Borrowers prior to the balance due date, and
(d) Lender will advise the Borrowers of the interest rate and required payment amounts.
Extension of Loans. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, a “Extension Offer”) made from time to time by the Borrower to all Lenders of a Class of Loans with the same Maturity Date on a pro rata basis (based on the aggregate outstanding principal amount of the respective Loans of such Class with the same Maturity Date) and on the same terms to each such Lender, the Borrower may from time to time, with the consent of any Lender that shall have accepted such Extension Offer, extend the Maturity Date of the Loans of each such Lender and otherwise
Extension of Loans. Subject to the terms and conditions of this Agreement, the Investors agree to loan to the Corporation:
(i) in the case of Jagen Pty Ltd., Four Hundred Thousand Dollars ($400,000) on the Closing, in exchange for a secured convertible promissory note to acquire 13,333,334 Shares and a Warrant to purchase 41,666,666 Shares; and
(ii) in the case of Xxxxxxxxx, Five Hundred Thousand Dollars ($500,000) on July 31, 1999, or on such later date as is agreed upon among the Investors and the Corporation (the "Subsequent Closing"), in exchange for a secured convertible promissory note to acquire 16,666,666 Shares and a Warrant to purchase 8,333,334 Shares. The convertible promissory notes shall be issued in the form attached hereto as Exhibit A and incorporated herein by reference (each, a "Note"). The warrants to purchase shares of Common Stock into which a portion of the Notes shall convert shall be issued in the form attached hereto as Exhibit B and incorporated herein by reference (each, a "Warrant" and collectively with the Shares and the Notes, the "Securities").
Extension of Loans. Notwithstanding anything to the contrary contained herein, any amendment that would extend the applicable Term Loan Maturity Date or Revolving Commitment Termination Date with respect to any Loans or Commitments, provide for any increased pricing (including fees) for any Lenders agreeing to extend their Loans or Commitments pursuant to the terms of such amendment and any corresponding modifications under this Agreement related thereto may be effected pursuant to an agreement or agreements in writing entered into by Company, Administrative Agent, the Requisite Lenders and the Lenders holding the Loans or Commitments who are directly and adversely affected thereby.
Extension of Loans. 64 Section 2.24. Benchmark Replacement Setting .........................................................66 Section 2.25. Defaulting Lenders ...............................................................................67 SECTION 3.
Extension of Loans. The Company may at any time and from time to time request that all or a portion of the Loans of any Class (each, an “Existing Term Loan Class”) be converted or exchanged to extend the scheduled Final Maturity Date of any payment of principal with respect to all or a portion of any principal amount of such Loans (any such Loans which have been so extended, “Extended Term Loans”) and to provide for other terms consistent with this Section 2.16. Prior to entering into any Extension Amendment with respect to any Extended Term Loans, the Company shall provide written notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders under the applicable Existing Term Loan Class, with such request offered equally to all such Lenders of such Existing Term Loan Class) (each, a “Term Loan Extension Request”) setting forth the proposed terms of the Extended Term Loans to be established, which terms shall be identical in all material respects to the Loans of the Existing Term Loan Class from which they are to be extended except that (i) the scheduled final maturity date shall be extended and all or any of the scheduled amortization payments, if any, of all or a portion of any principal amount of such Extended Term Loans may be delayed to later dates than the scheduled amortization, if any, of principal of the Loans of such Existing Term Loan Class (with any such delay resulting in a corresponding adjustment to the scheduled amortization payments reflected in the
