Common use of Life of Loan Clause in Contracts

Life of Loan. 2.1 The life of the long-term loan prescribed under the agreement shall be 10 years from the date when this agreement is signed. 2.2 The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten or extend the life of loan with reference to the real situation.

Appears in 4 contracts

Samples: Loan Agreement (Sina Corp), Loan Agreement (Sina Corp), Loan Agreement (Sina Corp)

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Life of Loan. 2.1 The life of the long-term loan prescribed under the agreement shall be 10 years from the date when this agreement is signed, and this agreement shall be automatically extended by 10 years upon the expiration of the term or any extended term, unless notified by Sina Company to contrary three months before the expiration. 2.2 The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten or extend the life of loan with reference to the real situation.

Appears in 3 contracts

Samples: Loan Agreement (Sina Corp), Loan Agreement (Sina Corp), Loan Agreement (Sina Corp)

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Life of Loan. 2.1 The life of the long-term loan prescribed under the agreement shall be 10 5 years from the date when this agreement is signed. 2.2 The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten or extend the life of loan with reference to the real situation.

Appears in 1 contract

Samples: Loan Agreement (Sina Corp)

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