Common use of Loan Extension Clause in Contracts

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 Party B fails to repay a loan repayment any loans under this Agreement contract on time and seeks a loan extensiontime, it shall submit a written application to 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 maturation of the concerned loansextension in accordance with its loan policy. Upon If Party A’s review and approval of the A grants extension, both parties shall sign a separate extension agreementnegotiate the extended repayment schedule, and separately enter into written Extension Agreement. If Party A disagrees refuses to the grant extension, this contract shall be performance as agreed. The loan and payable interest has been utilized by Party B shall still repay the utilized borrowed amount and the accrued interest according to be paid in accordance with provisions of this Agreement and the corresponding loan receipt or Party A’s system recordscontract.

Loan Extension. If Party B fails to repay a the loan for any phase under this Agreement Contract on time and seeks a loan extensionschedule, it shall submit a written application to notify Party A in writing one month before the maturation maturity date of the concerned loanssuch loan, and Party A shall determine whether to extend such loan according to its credit policy. Upon If Party A’s review and approval of the extensionA agrees to extend such loan, both parties shall determine the extension repayment plan through negotiation and separately sign a separate written extension agreement. If ; if Party A disagrees does not agree to such extension, this Contract shall still apply. The loan occupied by Party B and the interest payable shall be paid according to the extension, Party B shall still repay the utilized borrowed amount and the accrued interest according to provisions of this Agreement and the corresponding loan receipt or Party A’s system recordsContract.

Loan Extension. If Party B fails to repay a loan any loans under this Agreement on time and seeks a loan extensiontime, it shall submit a written application to notify Party A in writing one month before the maturation maturity date of the concerned loanssuch loan, and Party A shall determine whether to extend such loan according to its credit policy. Upon If Party A’s review and approval of the extensionA agrees to extend such loan, both parties shall determine the extension repayment plan through negotiation and separately sign a separate written extension agreement. ; If Party A disagrees 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 extension, Party B shall still repay the utilized borrowed amount and the accrued interest according to provisions of this Agreement and the corresponding loan receipt or Party A’s system recordsAgreement.

Loan Extension. If Party B fails is unable to repay a loan under this Agreement on time and seeks a loan needs an extension, it shall submit a written application to Party A one month before the maturation expiration of the concerned loansloan. Upon If Party A’s review and approval of A agrees to grant the extensionextension after examination, both parties the Parties shall sign a separate loan extension agreement. If Party A disagrees does not agree to grant the extension, the loan amount already utilized by Party B shall still repay the utilized borrowed amount and the interests accrued interest according to thereon shall be repaid in accordance with this Agreement and Agreement, the corresponding relevant loan receipt note or the record in Party A’s system recordssystem.