Onshore Loan Sample Clauses

Onshore Loan. The Loan Agreement and the Onshore Mortgages shall have been duly executed on terms satisfactory to the Investor and delivered by the parties thereto (other than the Investor) and the Investor or Shanghai Shengye shall have received each document required to be executed and delivered under each of the Onshore Mortgages.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Onshore Loan. The Parties hereby agree that, without the prior written consent of Majority Preferred Shareholders, no party to any loan agreement, the principal amount of which is denominated in Renminbi, entered into prior to the date hereof, with any Investor as lender and any Group Company as borrower, including the Loan Agreement dated March 7, 2017 entered into among Luo Shaohu (罗少虎), Xxx Xxxx (高靖), Beijing Ziwutong and the Company (the “Onshore Loan”), shall repay, or request or require, any repayment, including making any claim or initiating any legal proceedings in connection with such repayment, of any amounts owing under such Onshore Loan, whether in full or in part; provided, that the foregoing shall not prohibit any repayment solely because the relevant lender under the Onshore Loan has obtained the filings and registrations from the relevant local counterpart of the SAFE or other Governmental Authorities (as the case may be) in accordance with the SAFE Rules and Regulations with respect to its investment in the Company and intends to promptly pay in full in United States dollars the purchase price owing for its Shares in accordance with the terms of the Onshore Loan. Further, the Parties hereby agree that, in the event of any liquidation, dissolution, or winding up of the Company or any Liquidation Event, the lender under the Onshore Loan, as creditors, shall not have priority over the Shareholders of the Company in respect of the distribution of the proceeds and/or assets of the Company, and the proceeds and/or assets of the Company shall be distributed in accordance with Section 2 of Schedule A of the Articles. Each of the Group Companies and Key Holders hereby represents and warrants to the Investors as follows: Luo Shaohu (罗少虎) agreed under the SERIES A-3 AND SERIES A-2-I PREFERRED SHARE PURCHASE AGREEMENT dated March 6, 2017 among the Company, Luo Shaohu (罗少虎) and the other parties thereto (the “Series A-3 SPA”) that, within three (3) months following the consummation of the sale and purchase of Series A-3 Preferred Shares in accordance with the Series A-3 SPA, he shall have submitted an application for the filings and registrations with relevant local counterpart of the SAFE or other Governmental Authorities (as the case may be) in accordance with the SAFE Rules and Regulations with respect to his investment in the Company (the “Filings and Registrations”) and shall have completed and obtained (or shall use his best efforts to complete or obtain as so...
Sample 1

Related to Onshore Loan

  • Payment of Loan 1. The Loan Issuing Account The borrower shall open the following loan account with the lender through which the loan issuance and payment shall be handled. Account Name: Shengfeng Logistics Group Co., Ltd Account Number: **********

  • PPP Loan On or about January 24, 2022, the PPP Loan was forgiven in full by the PPP Lender and the U.S. Small Business Administration in accordance with the terms of the PPP Loan, CARES Act, and all other applicable Laws.

  • Prepayment of Loan So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Interest and Fee Computation; Collection of Funds Interest accrued hereunder shall be payable as set forth in Section 2.1(c) hereof. Except as otherwise set forth herein, all interest and fees shall be calculated on the basis of a year consisting of 360 days and shall be paid for the actual number of days elapsed. Principal payments submitted in funds not immediately available shall continue to bear interest until collected. If any payment to be made by Borrower hereunder or under the Revolving Note shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment. Any Obligations which are not paid when due (subject to applicable grace periods) shall bear interest at the Default Rate.

  • Incremental Loan Request Each Incremental Loan Request from the Borrower pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Credit Commitments. Incremental Term Loans may be made, and Incremental Revolving Credit Commitments may be provided, by any existing Lender (but each existing Lender will not have an obligation to make any Incremental Commitment, nor will the Borrower have any obligation to approach any existing lenders to provide any Incremental Commitment) or by any other bank or other financial institution (any such other bank or other financial institution being called an “Additional Lender”) (each such existing Lender or Additional Lender providing such, an “Incremental Revolving Credit Lender” or “Incremental Term Lender,” as applicable, and, collectively, the “Incremental Lenders”); provided that (i) the Administrative Agent, each Swing Line Lender and each L/C Issuer shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such Revolving Commitment Increases to the extent such consent, if any, would be required under Section 10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional Lender, (ii) with respect to Incremental Term Commitments, any Affiliated Lender providing an Incremental Term Commitment shall be subject to the same restrictions set forth in Section 10.07(l) as they would otherwise be subject to with respect to any purchase by or assignment to such Affiliated Lender of Term Loans and (iii) Affiliated Lenders may not provide Incremental Revolving Credit Commitments.

  • Initial Loan The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following items, each of which shall be satisfactory to the Lender and its counsel in form and substance:

  • Advance of Funds by the Mortgage Loan Seller Except for loan proceeds advanced at the time of loan origination or other payments contemplated by the Mortgage Loan documents, no advance of funds has been made by the Mortgage Loan Seller to the related Mortgagor, and no funds have been received from any person other than the related Mortgagor or an affiliate, directly, or, to the knowledge of the Mortgage Loan Seller, indirectly for, or on account of, payments due on the Mortgage Loan. Neither the Mortgage Loan Seller nor any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

  • Disbursement of Loan Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

Time is Money Join Law Insider Premium to draft better contracts faster.