Loan Extension Sample Clauses

Loan Extension. By mutual consent of the Parties, the Term of the Loan may be extended for one (1) year.

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. ▇▇▇▇▇▇ ▇▇▇▇ 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 the Borrower needs an extension, it shall submit a written application to the Lender before maturity. After the Lender’s consent, the Parties and any guarantor shall sign an extension agreement. After extension, the extended term interest rate shall be determined based on the Lender’s current interest rate file for the corresponding term.

Loan Extension. Provided the following conditions precedent shall have been satisfied, then Borrower shall be entitled to extend the maturity of the Note by an additional twelve (12) months. The conditions precedent to extension of the Note for the twelve (12) month period are as follows: (a) Written notice of such extension shall be given by Borrower at least thirty (30) days prior to the expiration of the original Maturity Date (as defined in the Note) of the Note; and, with such notice, Borrower shall pay to the Lender, in cash, the Extension Fee of $22,937.50 for the extension; (b) The Lender shall have received a current tenant estoppel certificate (which certificate shall be reasonably satisfactory to the Lender in form and substance) from each tenant who has entered into a Lease for a portion of the Mortgaged Property. (c) No Event of Default, or any event, circumstance or action of which the Borrower is aware (by notice from Lender or otherwise) and with the passage of time or failure to cure would give rise to an Event of Default, has occurred and is then existing; (d) No event, claim, liability or circumstance shall have occurred which, in the Lender's determination, could be expected to have or have had a Material Adverse Effect; (e) Written evidence being provided by Borrower and reasonably satisfactory to the Lender indicating that the Debt Coverage Ratio (as defined in Section 5.20 below) calculated for the three (3) month calendar period ending as of the last day of the then term (absent extension pursuant to this Section 2.9) shall be not less than 1.20X of the then outstanding Indebtedness; or Borrower shall have prepaid the Curative Amount pursuant to Section 5.20(d) below necessary to achieve a 1.20 Debt Coverage Ratio or pledged adequate liquid collateral pursuant to Section 5.20(e) below; and

Loan Extension. If the borrower needs to extend the loan term, they must submit a written application to the lender before the loan matures. After obtaining the lender's consent, a separate agreement will be signed. After the loan extension, when the extended term combined with the original term reaches a new interest rate tier, the interest rate will be determined according to the current interest rate tier for the cumulative term.

Loan Extension. If Party B fails to repay any loans under this Agreement on time, it shall notify Party A in writing one month before the maturity date of such loan, and Party A shall determine whether to extend such loan according to its credit policy. If Party A agrees to extend such loan, both parties shall determine the extension repayment plan through negotiation and separately sign a written extension agreement; If Party A does not agree to such extension, this Agreement shall still apply. The loan occupied by Party B and the interest payable shall be paid according to the provisions of this Agreement.

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. 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. Under the Loan Contract, the Borrower has borrowed 154,300,000 yuan in RMB from the Lender, and 154,300,000 yuan shall come due on February 8, 2013. As of February 8, 2013, the balance of such loans shall be 154,300,000 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.