Granting of the loan. 8.1 The Lender grants the Borrower a subordinated loan according to this contract in the amount determined by the figure entered on the Platform.
8.2 The loan amount shall be transferred from the Escrow Account to the Borrower’s account within 21 days of the end of the Subscription Period.
8.3 Upon receipt of the agreed loan amount on the account of the Borrower, the Lender has no further payment obligations towards the Borrower. There is especially no duty for additional contributions.
Granting of the loan. 4.1 The granting of the Loan hereunder by the Lender to the Borrowers is subject to the following preconditions
(1) The Borrowers have furnished to the Lender the duly executed resolutions of the shareholders’ meeting and board of directors of the Company, which approve the increase in the Company’s registered capital and indicating the amount of any proposed increase in the Company’s registered capital, the borrower proposing to increase its capital contribution, the reason for such increase, etc;
(2) The relevant Borrower has given the Lender a written notice on applying for the corresponding Loan pursuant to the contents approved in the resolutions of the shareholders’ meeting and the board of directors of the Company as set forth in above Article 4.1(1).
4.2 Subject to the fulfillment of the preconditions as set forth in above Article 4.1, the Lender shall, within ten (10) working days of receiving all the documents listed in Article 4.1, decide the amount of the Loan to be granted to the Borrower and notify the Borrower in writing.
4.3 Within sixty (60) working days of receiving any Loan furnished by the Lender hereunder, the Borrower shall complete the actual contribution of such Loan to the registered capital of the Company and cause the Company to complete the approval and registration procedures required by the PRC laws.
Granting of the loan. The Borrower requests, and Xxxxx xxxxx, subject to the terms and conditions of this Agreement, a Loan of a Capital of twenty two million US dollars (US$22.000.000), which may be extended subject to the terms and conditions referred to in 2.06 on the occasion of the potential involvement of any Additional Bank, for up to a total maximum amount of Capital of forty five million US dollars (US$45.000.000).
Granting of the loan. After receiving the written notice from the Borrower, the Lender shall transfer the loan within appropriate period but no more than thirty (30) days.
Granting of the loan. 1. Loan grant account The Borrower shall open account at the Lender for the purpose of the loan grant, the grant and payment of the Loan shall be made through this bank account. Account name: China Glorious City Investments (Zhoukou) Co., Ltd.
Granting of the loan. 4.1 The granting of the Loan hereunder by the Lender to the Borrowers is subject to the following conditions
(1) The Borrowers have furnished to the Lender the duly executed, complete company establishment documents that set forth the establishment and registered capital of the Company and indicate the amount of the proposed capital contribution to the Company’s registered capital, the Borrowers proposing to make its capital contribution, etc;
(2) The relevant Borrowers has given the Lender a written notice on applying for the corresponding Loan pursuant to the contents of the company establishment documents as set forth in Article 4.1(1) hereof.
4.2 Subject to the fulfillment of the conditions as set forth in Article 4.1 hereof, the Lender shall, within ten (10) working days of receiving all the documents listed in Article 4.1, decide the amount of the Loan to be granted to the Borrowers and notify the Borrowers in writing.
4.3 Within sixty (60) working days of receiving any Loan furnished by the Lender hereunder, the Borrowers shall complete the actual contribution of such Loan to the registered capital of the Company and cause the Company to complete the approval and registration procedures required by the PRC laws.
Granting of the loan. 1.1 As of the Effective Date, Lender has loaned $15,000,000 (the “Loan Amount”) to Borrower. Borrower hereby agrees to repay the Loan Amount to Lender pursuant to the terms of this Loan Agreement.
Granting of the loan. 1. Loan grant account The Borrower shall open account at the Lender for the purpose of the loan grant, the grant and payment of the Loan shall be made through this bank account.
Granting of the loan. 4.1 This Loan is actually already granted
Granting of the loan. 1. Loan grant account The Borrower shall open account at the Lender for the purpose of the loan grant, the grant and payment of the Loan shall be made through this bank account. This bank account shall only be used for the purpose of loan grant and payment and shall not be used for other purposes. Account name: Dezhou Northeast Logistics City Co., Ltd. Account Number: [Not disclosed in this translation]
2. Loan payment method
(1) The payment of the Loan is made in accordance with relevant laws and regulations and as agreed under this Contract, the method of the payment of the Loan shall be stated and confirmed in the drawdown application of the Loan. The Lender has the right to change the granting/payment method in case where the Lender considers that the payment method chosen by the Borrower does not comply with the requirements.
(2) Lender’s entrusted payment, which means the Lender shall make payments to trading third parties of the Borrower in accordance with the purpose of the Loan under this Contract.
(A) In accordance with the rules and regulations of China Banking Regulatory Commission and the Lender’s internal requirements, in case where a single drawdown of the Loan exceeded 5% of the Borrower’s total investment in the project, which is RMB49,702,000, or RMB5,000,000, the entrusted payment method shall be used. Provided that the risk is controllable, the Borrower may choose to make payments on its own for single drawdown that is less than RMB500,000.
(B) Other conditions agreed between the Borrower and the Lender that shall use entrusted payment method: [Blank]
(3) The Borrower ‘s payment method, which means the Lender would transfer the Loan to the Borrower’s bank account at the Lender in accordance with the drawdown application and the Borrower shall make payments on its own to its trading parties that is complied with the conditions under this Contract. Except for the circumstances agreed above which shall use entrusted payment method, the Borrower shall make payment on its own on other amount of the Loan.
