Loan Extension. By mutual consent of the Parties, the Term of the Loan may be extended for one (1) year.
Loan Extension. Where Party B is unable to repay loans hereunder and needs extension, it shall submit a written application to Party A one month before expiration hereof. If Party A examines and approves the extension, both parties will sign an extension agreement. If Party A does not approve the extension, this agreement shall remain effective. The loans used and interest payable by Party B shall be repaid according to this agreement.
Loan Extension. Where the Borrower needs to extend the term of loan, it shall apply to the Lender in writing prior to the maturity date of the loan. With the consent of the Lender and the Guarantor, the Lender, the Borrower and the Guarantor may separately enter into a loan extension repayment agreement. Upon the extension of the loan, when its extension term plus the original term reaches the new interest rate term grade, the interest rate shall be determined according to the current interest rate grade of the cumulative term. Xxxxxx XXXX Any of the following circumstances shall constitute a breach of contract or risk event: (I) Failure to repay the loan principal on schedule, failure to pay the interest on schedule, or failure to repay the loan principal and interest according to the repayment method specially agreed in the loan receipt, or the electronic data and vouchers generated by E-banking such as online banking; (II) Failure to use the loan according to the agreed purpose of the loan; (III) Failure to pay the loan funds in the agreed manner; (IV) Failure to comply with the commitments hereunder; (V) Failure to pay off other matured debts to the Lender on schedule or failure to pay off the matured debts of any other financial institution or third party on schedule; (VI) The property being subject to looting or other incidents; (VII) Involvement in major adverse litigation; (VIII) Being imposed any major administrative penalty by an administrative organ; (IX) Discontinuation of business; (X) Concealing the financial and operating conditions of the enterprise or withdrawing funds (capital); (XI) Carrying out contracting, entrustment, trusteeship, leasing, joint venture, merger, consolidation, division, donation, shareholding reform or reduction of registered capital without the written consent of the Lender;
Loan Extension. If Party B fails to repay a loan under this Agreement on time and seeks a loan extension, it shall submit a written application to Party A one month before the maturation of the concerned loans. Upon Party A’s review and approval of the extension, both parties shall sign a separate extension agreement. If Party A disagrees to the extension, Party B shall still repay the utilized borrowed amount and the accrued interest according to this Agreement and the corresponding loan receipt or Party A’s system records.
Loan Extension. If the Borrower needs to extend the loan term, it shall app ly to the Lender in writing before the maturity date of the loan, and sign a separate agreement after the consent of the Lender. After the extension of the loan, when the extension term of the loan and the original term reaches the new interest rate term level, the interest rate is determined according to the current interest rate level of the cumulative term.
Loan Extension. Should the client wish to extend the period of the loan of the equipment from Princes Risborough Town Council then such extension may incur extra costs. This must be done before the specified ‘Date to’ in the Loan Period Details. N.B. It may not always be possible to extend the loan.
Loan Extension. The Loan Recipient may request to extend the term of the Loan Period, provided that the Loan Recipient provides notice to CIRM at least ninety (90) days prior to the end of the current Loan Period of Loan Recipient’s intent to request to extend the Loan Period. Any extension pursuant to this section shall be subject to the approval of the Intellectual Property and Industry Subcommittee based upon the recommendation of the President of CIRM.
Loan Extension. In case Party B is unable to repay the loan hereunder as scheduled and requests for an extension therefore, Party B shall submit an application for that purpose one month prior to the scheduled expiry date hereof; An Agreement on Loan Contract Extension shall be concluded by both Parties in case Party A consents to such intended extension after due process of examination, otherwise, this Contract shall remain in full force and effect. Party B is obliged to repay any part of loan used by Party B together with accrued interest, as provided herein. 215
Loan Extension. (i) Provided that no Default or Event of Default shall have occurred and be continuing, Borrower shall have the option, to be exercised by giving written notice to Administrative Agent at least thirty (30) calendar days but not more than ninety (90) calendar days prior to the Initial Maturity Date, subject to the terms and conditions set forth in Section 2.1.6(iv), to extend the Initial Maturity Date for all (and not a portion) of the Loan by twelve (12) months to August 12, 2014 (the “First Extended Maturity Date”). The request by Borrower for the extension of the Initial Maturity Date shall constitute a representation and warranty by Borrower that no Default or Event of Default then exists and a covenant by Borrower that all of the conditions set forth in Section 2.1.6(iv) below shall be satisfied on the Initial Maturity Date. Within twenty-five (25) days after Administrative Agent’s receipt of Borrower’s written election, Administrative Agent shall provide to Borrower Administrative Agent’s good faith estimate of the DSCR as of the Initial Maturity Date, and the reduction of principal, if any, required to satisfy Section 2.1.6(iv)(C)
Loan Extension. Under the Loan Contract, the Borrower has borrowed 759,400,000 yuan in RMB from the Lender, and 759,400,000 yuan shall come due on February 8, 2013. As of February 8, 2013, the balance of such loans shall be 759,400,000 yuan which shall come due on February 8, 2014 after the loan extension made by the Parties. The Borrower hereby agrees to repay all the loan principal and interest on the expiry date of such extension.
