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. (1) Provided that no Potential Default or Event of Default shall have occurred and be continuing, the Borrower shall have the option, to be exercised by giving written notice to the Administrative Agent at least fifteen (15) Business Days prior to the Initial Maturity Date, subject to the terms and conditions set forth in this Agreement, to extend the Initial Maturity Date by twelve (12) months to October 12, 2007 (the “Extended Maturity Date”). The request by the Borrower for the extension of the Initial Maturity Date shall constitute a representation and warranty by the Transaction Parties that no Potential Default or Event of Default then exists and that all of the conditions set forth in Section 1.4(2) below shall have been satisfied on the Initial Maturity Date. (2) The obligations of the Administrative Agent and the Lenders to extend the Initial Maturity Date as provided in Section 1.4(1) shall be subject to the prior satisfaction of each of the following conditions precedent as determined by the Administrative Agent in its good faith judgment: (A) on the Initial Maturity Date there shall exist no Potential Default or Event of Default; (B) taking into account any voluntary or mandatory prepayments made by Borrower pursuant to Section 3.3(1) or Section 3.3(2)(B), (C), (D), (E) or (F), the Borrower shall have paid to the Administrative Agent on or prior to the Initial Maturity Date, one or more prepayments of the principal balance of the Loan in the aggregate amount of not less than $88,368,750; (C) the Borrower shall have paid to the Administrative Agent on or prior to the Initial Maturity Date, for the ratable benefit of the Lenders, an extension fee equal to one quarter of one percent (0.25%) of the outstanding principal balance of the Loan on the Initial Maturity Date (which fee the Borrower hereby agrees shall be fully earned and nonrefundable under any circumstances when paid); (D) the Borrower shall have delivered to the Administrative Agent the Extension Rate Cap Agreement duly executed by the appropriate Persons, (E) to the extent required by the Administrative Agent, Borrower shall have obtained at its expense updated or new appraisals of all or a portion of the Mortgaged Properties satisfactory in form and substance to the Administrative Agent and the Required Lenders, and the outstanding principal balance of the Loan on the Initial Maturity Date (after giving effect to any prepayment made on the Initial Maturity Date) shall not exceed 65% o...

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 repayment any loans under this contract on time, it shall notify of Party A in writing one month before maturity date of such loan; Party A shall have right to decide whether to grant the extension in accordance with its loan policy. If Party A grants extension, both parties shall negotiate the extended repayment schedule, and separately enter into written Extension Agreement. If Party A refuses to grant extension, this contract shall be performance as agreed. The loan and payable interest has been utilized by Party B shall be paid in accordance with provisions of this contract.

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 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.