Renewal of Loan Sample Clauses

Renewal of Loan. The Operating Budget will be recalculated on the renewal of a Loan to take into account the new payments for the Loan.
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Renewal of Loan. The Economic Shelter Cost will be recalculated on the renewal of a Loan to take into account the new payments for the Loan.
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Renewal of Loan. Loan sanctioned by the Bank shall be valid and operative for a tenure as specified in the Sanction Letter. The Borrower shall in advance before expiry of Loan, apply to the Bank for renewal/enhancement/review of the Loan, and submit the financial data as may be required by the Bank. The Bank, may, at its sole discretion but not be bound to, review and renew the Loan, at its own, on the basis of the operation of the accounts and financial data of the Borrower available with the Bank. The decision of the Bank shall be final and binding upon the Borrower. The Bank may, at its sole discretion permit the Borrower to avail the credit facilities beyond expiry of tenor for such period as may be decided by the Bank from time to time. In witness whereof, the Parties hereto have executed this Agreement on the date and at the place mentioned in the Schedule I hereinabove in the manner as hereinafter appears. Signed and delivered by SBM Bank India Limited By the hand of its authorized signatory Signed and Delivered by the within named Borrower:
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Renewal of Loan. After the Original Closing Date, RACP shall procure that Enshi's currently outstanding bank loans as of the date hereof in the amounts of Renminbi 10,000,000 with Agricultural Bank of China Shenyang Branch Zhongshan Sub-branch and Renminbi 10,000,000 with Citic Bank, Shenyang Branch, as lenders, be secured by Enshi's Assets, provided that, (a) the Former Stockholder of Enshi has renewed, extended or refinanced with third parties such loans for a term of at least one (1) year from the date of such renewal, extension or refinance on terms that are no less favorable to any member of the Enshi Group than were in effect during the initial term of such loans (excluding changes in bank loan rates as set forth by the People's Bank of China) and (b) each such loan shall not be renewed, extended or refinanced for an amount more than Renminbi 10,000,000.
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Renewal of Loan. Any loans granted or renewed shall be made pursuant to the participant loan program and Section 72(p) of the Internal Revenue Code, 26 U.S.C.72(p) and the regulations thereunder.
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Related to Renewal of Loan

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Extension; Waiver At any time prior to the Effective Time any party hereto may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

  • Extension Request The Borrower shall provide the applicable Extension Request at least three (3) Business Days prior to the date on which Lenders under the Existing Term Loan Tranche or Existing Revolver Tranche, as applicable, are requested to respond, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.16. No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Tranche amended into Extended Term Loans or any of its Revolving Credit Commitments amended into Extended Revolving Credit Commitments, as applicable, pursuant to any Extension Request. Any Lender holding a Loan under an Existing Term Loan Tranche (each, an “Extending Term Lender”) wishing to have all or a portion of its Term Loans under the Existing Term Loan Tranche subject to such Extension Request amended into Extended Term Loans and any Revolving Credit Lender (each, an “Extending Revolving Credit Lender”) wishing to have all or a portion of its Revolving Credit Commitments under the Existing Revolver Tranche subject to such Extension Request amended into Extended Revolving Credit Commitments, as applicable, shall notify the Administrative Agent (each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, which it has elected to request be amended into Extended Term Loans or Extended Revolving Credit Commitments, as applicable (subject to any minimum denomination requirements imposed by the Administrative Agent). In the event that the aggregate principal amount of Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, in respect of which applicable Term Lenders or Revolving Credit Lenders, as the case may be, shall have accepted the relevant Extension Request exceeds the amount of Extended Term Loans or Extended Revolving Credit Commitments, as applicable, requested to be extended pursuant to the Extension Request, Term Loans or Revolving Credit Commitments, as applicable, subject to Extension Elections shall be amended to Extended Term Loans or Revolving Credit Commitments, as applicable, on a pro rata basis (subject to rounding by the Administrative Agent, which shall be conclusive) based on the aggregate principal amount of Term Loans or Revolving Credit Commitments, as applicable, included in each such Extension Election.

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