Common use of Loan Usage Clause in Contracts

Loan Usage. 4.1 The full amount of the loan provided hereunder shall be used to increase the registered capital of the Company, and the Borrowers shall in no event change the usage without the prior written consent of the Lender. 4.2 The Borrowers shall cause the Company to complete the registration of the Company with the competent Administration Bureau of Industry and Commerce in respect of the increase in the registered capital of the Company within 30 business days upon receipt of the Loan hereunder, and such period may be prolonged upon the consent of the Lender.

Loan Usage. 4.1 The full amount of the loan provided hereunder shall be used to increase the registered capital of the Company, and the Borrowers Borrower shall in no event change the usage without the prior written consent of the Lender. 4.2 The Borrowers Borrower shall cause the Company to complete the registration of the Company with the competent Administration Bureau of Industry and Commerce in respect of the increase in the registered capital of the Company within 30 thirty (30) business days upon receipt of the Loan hereunder, and such period may be prolonged upon the consent of the Lender.