Common use of Loan Extension Clause in Contracts

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 If Party B is unable requests a loan extension because of its failure to repay loans make repayment of any loan hereunder and needs extensionon time, it shall submit a written application to Party A one month before the expiration hereofof the relevant loan. If Party A examines and approves the grants an extension, both parties will Party A and Party B shall sign an a separate extension agreement. If Party A does not approve the refuses to grant an extension, this agreement shall remain effective. The loans the loan already used and interest payable by Party B and the interest payable thereon shall still be repaid according pursuant to this agreementAgreement and corresponding certificate of indebtedness or the records in Party A's system.

Loan Extension. Where If Party B is unable to cannot repay loans hereunder the loan under this agreement on time and needs to apply for an extension, it shall submit a written application to Party A one month before expiration hereofthe relevant loan maturity. If Party A examines agrees to the extension after review, Party A and approves the extension, both parties will Party B shall sign an a separate extension agreement. If Party A does not approve agree to the extension, this agreement shall remain effective. The loans used and interest payable by Party B shall be repaid must still repay the utilized loans and accrued interest according to this agreementagreement and the relevant loan note or as recorded in Party A’s system.

Loan Extension. Where If Party B is unable fails to repay loans hereunder the loan under this contract and needs asks for loan extension, it shall should submit a written application to Party A one month before the expiration hereofof this contract. If Party A examines and approves agrees to the loan extension, both parties will shall sign an the loan extension agreementagreement separately. If Party A does not approve doesn’t agree to the loan extension, this agreement contract shall remain effectivestill be in force. The loans used and interest payable by Party B shall be repaid repay the loan funds it has already taken up and the interest payable according to the stipulations in this agreementcontract.

Loan Extension. Where If Party B is unable to repay loans hereunder a loan under this Agreement on time and needs an extension, it shall submit a written application to Party A one month before the expiration hereofof the loan. If Party A examines and approves agrees to grant the extensionextension after examination, both parties will the Parties shall sign an a separate loan extension agreement. If Party A does not approve agree to grant the extension, this agreement shall remain effective. The loans used and interest payable the loan amount already utilized by Party B and the interests accrued thereon shall be repaid according to in accordance with this agreementAgreement, the relevant loan note or the record in Party A’s system.

Loan Extension. Where If Party B is unable to repay loans the loan hereunder on time and needs extensionto extend the loan, it shall submit a written application to Party A one month before the expiration hereofof the relevant loan. If Party A examines agrees to extend the loan, Party A and approves the extension, both parties will Party B shall sign an a separate extension agreement. If Party A does not approve agree with the extension, this agreement shall remain effective. The loans the loan having been used and interest payable by Party B and the interest payable thereto shall still be repaid according to in accordance with this agreementAgreement and the corresponding borrowing documents or the records on Party A's system.

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 Agreement shall remain effective. The loans used and interest payable by Party B shall be repaid according to this agreementAgreement and the loan receipt.