Length of Loan. Any loan issued shall require the Participant to repay the loan in substantially equal installments of principal and interest, at least monthly, over a period that does not exceed five (5) years from the date of the loan; provided, however, that if the proceeds of the loan are applied by the Participant to acquire any dwelling unit that is to be used within a reasonable time (determined at the time of the loan is made) after the loan is made as the principal residence of the Participant, the five (5) year limit shall not apply. In this event, the period of repayment shall not exceed a reasonable period determined by the Employer. Principal installments and interest payments otherwise due may be suspended for up to one (1) year during an authorized leave of absence, if the promissory note so provides, but not beyond the original term permitted under this subsection (h), with a revised payment schedule (within such term) instituted at the end of such period of suspension.
Length of Loan. I. The length of loan is 48 months, lasting from _______ to _________.
II. For the loan issued at one time, the issuance date shall be subject to the real issuance date recorded by the receipt for the loan and loan note; if the real issuance date is later than the loan issuance date recorded in the preceding clause, the loan maturity date shall be postponed correspondingly.
III. Plan to use the loan for several times: _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); _____ 0,000 Yuan on ______(date); The borrower shall apply to the Lender for handling the withdrawal formalities within three working days before each withdrawal date or at other time specified by the Lender in writing. If the borrower fails to withdraw the loan in different times according to the above stipulations, the Lender will have the right to request the borrower to pay ________ of the loan amount to be withdrawn in the current period as the compensation.
IV. The Lender has the right to adjust the plan for using the loan in different times according to whether the loan project meets the stipulations of relevant decrees, laws and regulations, and policies as well as the preconditions for withdrawal and terms of payment for loan fund specified in this agreement, and award of corresponding security agreement and the time for handling the warranty formalities as well as other factors considered to be necessary by the Lender. If the borrower fails to meet the preconditions for withdrawal or terms of payment of loan fund specified in this agreement, the Lender has the right to stop issuing the loan, suspend payment of loan fund or terminate this loan agreement, and the borrower shall bear relevant liabilities for the breach of the agreement.
Length of Loan. The term of each Auto Loan does not exceed 60 months or such other length of time that the Lender may agree to in writing.
