Loan (Mortgage) Sample Clauses

Loan (Mortgage). 6.1 To guarantee the repayment of the Loan, W▇▇▇ ▇▇▇▇▇▇ shall provide Sohu New Momentum with the following loan mortgages: (a) W▇▇▇ ▇▇▇▇▇▇ will cause its shareholder, Rongke Zhidi Real Estate Co., Ltd. to pledge 100% of the equity shares of Wuxi Rongke held by it to Sohu New Momentum. In connection therewith, Wuxi Rongke will cause its shareholder to sign an “Equity Pledge Agreement” with Sohu New Momentum as provided in Appendix 3 of this Agreement.

Loan (Mortgage). 5.2.1 Prior to execution of this agreement, the promoter has obtained NOC/Release of charge from Piramal Capital & Housing Finance Limited / IDBI Trusteeship Services Ltd. with respect to already subsisting mortgage/ charge created over the said premises, the copy whereof is annexed hereto as Annexure “8”. 5.2.2 The Allottee/s shall be entitled to avail loan from a bank / financial institution and to mortgage the said Premises by way of security for repayment of the said loan to such bank/financial institution, with the prior written consent of the Promoter. The Promoter shall be entitled to refuse permission to the Allottee/s for availing any such loan and for creation of any such mortgage/charge, in the event the Allottee/s has/have defaulted in making payment of the Sale Price and/or other amounts payable by the Allottee/s under this Agreement. 5.2.3 All the costs, expenses, fees, charges and taxes in connection with procuring and availing of the said loan, mortgage of the said Premises, servicing and repayment of the said loan, and any default with respect to the said loan and/or the mortgage of the said Premises, shall be solely and exclusively borne and incurred by the Allottee/s. The Promoter shall not incur any liability or obligation (monetary or otherwise) with respect to such loan or mortgage. 5.2.4 The agreements and contracts pertaining to such loan and mortgage shall not impose any liability or obligation upon the Promoter in any manner, and shall be subject to and shall ratify the right and entitlement of the Promoter to receive the balance Sale Price and balance other amounts payable by the Allottee under this Agreement, and shall also observe and be compliant with the terms of Clause 5.1.3 of this Agreement.

Loan (Mortgage). These amounts shall bear interest from the date of disbursement at the lesser of 10% per annum or the highest interest rate permissible under applicable law, and shall be payable, with interest, upon notice from Impact Fund Lender to Borrower requesting payment. Any action taken or expense incurred by Impact Fund Lender hereunder shall be in its sole discretion, and nothing contained in this Section 6 shall require Impact Fund Lender to take any action or to incur any expense hereunder.

Loan (Mortgage). If Borrower fails to pay such sums prior to the expiration of such time period, then Impact Fund Lender may invoke any remedies permitted by this Impact Fund (Balloon) Loan Mortgage without further notice or demand on Borrower.