Common use of Loan Restructuring Clause in Contracts

Loan Restructuring. If Party A fails to repay the loan due on time, Party A shall submit a written application for loan restructuring to Party B at least one month before the maturity date of the current loan. If Party B agrees to Party A’s application, the Parties shall sign a loan restructuring agreement. If Party B disagrees with Party A’s application, Party A shall still repay the due loan in accordance with the provisions of this contract. Otherwise, Party B has the right to treat the loan as overdue.

Appears in 2 contracts

Samples: Cny Liquidity Loan Contract (WORK Medical Technology Group LTD), Cny Liquidity Loan Contract (WORK Medical Technology Group LTD)

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Loan Restructuring. If Party A fails to repay the due loan due on time, Party A it shall submit a written application for loan restructuring to Party B at least one month before the maturity due date of the current loan. If Party B agrees to Party A’s application, the Parties two parties shall sign a loan restructuring agreement. If Party B disagrees with Party A’s application, Party A shall still repay the due loan in accordance with the provisions of this contract. Otherwise, Party B has the right to treat the loan as overduean overdue loan.

Appears in 2 contracts

Samples: RMB Working Capital Loan Contract (WORK Medical Technology Group LTD), RMB Working Capital Loan Contract (WORK Medical Technology Group LTD)

Loan Restructuring. If In case Party A fails to repay the loan due on timeschedule, Party A it shall submit a written application for loan restructuring to Party B at least one month before the maturity date of the current loan. If , and upon Party B agrees to B’s approval of Party A’s application, the Parties both parties shall sign a loan restructuring agreement. If Where Party B disagrees with dissents from Party A’s application, Party A shall still repay the loan due loan in accordance with the provisions of this contract. Otherwiseas stipulated herein, otherwise, Party B has shall have the right to treat deal with the loan as overduean overdue loan.

Appears in 1 contract

Samples: RMB Working Capital Loan Contract (UTime LTD)

Loan Restructuring. If Party A fails to repay the loan due on timeschedule, Party A shall submit a written loan reorganization application for loan restructuring in writing to Party B at least one month before the maturity due date of the current loan. If Party B agrees to Party A’s application, the Parties both parties shall sign a the loan restructuring reorganization agreement. If Party B disagrees with to Party A’s application, Party A shall still repay the due loan in accordance with the provisions of this contract. OtherwiseContract; otherwise, Party B has the right to treat the loan as overdueoverdue loan.

Appears in 1 contract

Samples: RMB Working Capital Loan Contract (WORK Medical Technology Group LTD)

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Loan Restructuring. If Where Party A fails to repay the due loan due on timeschedule, Party A it shall submit file a written application for loan restructuring to Party B at least one month before the maturity date of the current loan. If Party B agrees to Party A’s application, the Parties both parties shall sign a loan restructuring agreement. If Party B disagrees with Party A’s applicationdisagrees, Party A shall still repay the due loan at the date as agreed in accordance with the provisions of this contract. OtherwiseContract, otherwise, Party B has shall have the right to treat regard the loan as overduean overdue loan.

Appears in 1 contract

Samples: Loan Contract (Gracell Biotechnologies Inc.)

Loan Restructuring. If Party A fails to repay the loan due on time, Party A it shall submit a written application for loan restructuring to Party B at least one month before the maturity date of the current loan. If Party B agrees to Party A’s 's application, the Parties both parties shall sign a loan restructuring agreement. If Party B disagrees with does not agree to Party A’s 's application, Party A shall still repay the loan due loan in accordance with the provisions of this contract. OtherwiseContract; otherwise, Party B has shall have the right to treat the loan as overdue.

Appears in 1 contract

Samples: RMB Working Capital Loan Contract (ACM Research, Inc.)

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