Release of the Loan. 1. At any time after the effectiveness of the Series of Agreements and to the extent permitted by the PRC laws and regulations and industrial policies, Party A is entitled to provide Party B with the Loan at such time and in such amount as it deems appropriate at any time in accordance with the terms and conditions hereof. Party B agrees to accept the Loan provided by Party A in accordance with the terms and conditions hereof and issue a receipt to Party A in the form attached hereto as Appendix 1 from the date on which it receives such loan.
Release of the Loan. The Company and EFC do hereby, for themselves, their -------------------- agents, successors and assigns, forever release, remise, acquit and forever discharge Xx. Xxxx and his heirs, successors, personal representatives and assigns, of and from all, and all manner of, action and actions, cause and causes of action, suits, damages, judgments, executions and claims whatever, in law or equity, which either ever had, has now or which any heir, successor, personal representative or assign of the Company or EFC can, shall or may have against Xx. Xxxx with respect to the Loan plus all interest. The aforementioned release is contingent upon Xx. Xxxx signing the share transfer deed for the Trux Shares in Collateral, attached as Schedule 2.
Release of the Loan. 5.1 The Lender shall only be liable to release of funds under the Loan Agreement provided that the following precedent conditions have been satisfied except that the waive or waive partly to the provisions herein:
Release of the Loan. 3.1 The Bank may make the disbursement of the Loan to the Borrower by direct transferring to the Loan Account upon the completion and satisfactory of the conditions precedent stipulated herein this Agreement, and the Borrower has duly submitted to the Bank the duly executed Notice of Utilization and Debt Assumption.
