Common use of Granting of the loan Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Tudou Holdings LTD), Loan Agreement (Tudou Holdings LTD)

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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 the 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 4.14.1 , 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 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.

Appears in 1 contract

Samples: Loan Agreement (Tudou Holdings LTD)

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 the board of directors of the Company, which approve the increase in the Company’s registered capital and indicating indicate 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 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.

Appears in 1 contract

Samples: Loan Agreement (Tudou Holdings LTD)

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 the 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.

Appears in 1 contract

Samples: Loan Agreement (Tudou Holdings LTD)

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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 the 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, 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 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.

Appears in 1 contract

Samples: Loan Agreement (Tudou Holdings LTD)

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