Failure to Repay. If the Borrower fails to repay the Loan on the Maturity Date agreed in this Agreement (the “Failure To Repay”), the Lender shall be entitled to require the immediate repayment of the Loan in full, including the Interest thereof. The relationship created between the Borrower and the Lender in respect to this Loan is based on a fiduciary relationship between the Lender’s and the Borrower’s officers; therefore, the Lender and the Borrower hereby warrant the resolution of the Failure To Repay, if required and necessary, in good faith and by a mutual effort. Furthermore, the Lender and the Borrower hereby agree to negotiate the provisions under which the Failure To Repay shall be treated, and amend this Section accordingly in writing within 180 days lapsing from the effective date of this Agreement.
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Samples: Loan Agreement (Helpful Alliance Co), Loan Agreement (Helpful Alliance Co), Loan Agreement (Helpful Alliance Co)
Failure to Repay. If the Borrower fails to repay the Loan on the Maturity Date agreed in this Agreement (the “Failure To Repay”), ) the Lender shall be entitled to require the immediate repayment of the Loan in full, including the Interest thereof. The relationship created between the Borrower and the Lender in respect to this Loan is based on a fiduciary relationship between the Lender’s and the Borrower’s officers; therefore, the Lender and the Borrower hereby warrant the resolution of the Failure To Repay, if required and necessary, in good faith and by a mutual effort. Furthermore, the Lender and the Borrower hereby agree to negotiate the provisions under which the Failure To Repay shall be treated, and amend this Section accordingly in writing within 180 days lapsing from the effective date of this Agreement.
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