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. 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. 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. (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)
(ii) 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 First Extended Maturity Date, subject to the terms and conditions set forth in Section 2.1.6(iv), to extend the First Extended Maturity Date for all (and not a portion) of the Loan by twelve (12) months to August 12, 2015 (the “Second 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 First Extended 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 First Extended Maturity Date, and the reduction of principal, if any, required to satisfy Section 2.1.6(iv)(C)
(iii) 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 noti...
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. 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. Provided the following conditions precedent shall have been satisfied, then Borrower shall be entitled to extend the Maturity Date one (1) time by an additional twelve (12) months. The conditions precedent to extension of the Maturity Date for the twelve (12) month period are as follows:
a. Written notice of such extension shall be given by Borrower no sooner than ninety (90) days prior to the original Maturity Date and not later than forty-five (45) days prior to the original Maturity Date; and, with such notice, Borrower shall pay to the Lender, in cash, an extension fee in an amount equal to one-fourth of one percent (.25%) of the then outstanding commitment (i.e., the outstanding principal balance of the Loan plus any unfunded portion of the Loan) for the extension;
b. The Improvements shall have been completed in substantial accordance with the Plans and Specifications and within the Budget, and a final certificate of occupancy shall have been issued for the shell portion of the Improvements and for any portion of the Improvements occupied by any tenants then in possession;
c. The Major Tenants shall be in occupancy under their respective Tenant Leases and open for business to the public (or a replacement tenant acceptable to Lender in its sole discretion shall be in occupancy under the space in the Mortgaged Property formerly leased by the Major Tenants and open for business to the public), and Lender shall have received evidence reasonably acceptable to Lender that none of the Major Tenants are in bankruptcy or in default under their respective Tenant Leases.
d. 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;
e. 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;
f. Written evidence being provided by Borrower and reasonably satisfactory to the Lender indicating that the Debt Coverage Ratio calculated for the three (3) month Calendar Period (as defined in Section 5.20 below) ending on the last day of the month prior to the month in which the then term of the Loan expires (absent extension pursuant to this Section 2.9) shall be not less than 1.35:1.0 of the then outstanding Indebtedness; or Borrower shall have prepaid the Curative Amount purs...
Loan Extension. Under the Loan Contract, the Borrower has borrowed 12,300,000 yuan in RMB from the Lender, and 12,300,000 yuan shall come due on February 7, 2013. As of February 7, 2013, the balance of such loans shall be 12,300,000 yuan which shall come due on February 7, 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.
