Repayment of the Loan. The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.
Repayment of the Loan. The Borrower shall repay the outstanding principal amount of the Loan in full on the Maturity Date.
Repayment of the Loan. 4.1 The Parties confirm that each Borrower shall not repay any Loan in advance unless the Lender agrees in writing in advance.
4.2 Each party confirms that the longest borrowing period of any Loan under this Agreement will be twenty (20) years after the Effective Date; or the expiration of the business term of the Lender (including its expansion from time to time); or the expiration of the business term of the Domestic Company (including its expansion from time to time); the earliest one shall prevail (hereinafter referred to as the “Term of the Loan”). After execution of this agreement, the newly added Loan shall be counted from the date of actual payment, and the maximum time limit shall not exceed the expiry date of the aforementioned Term of the Loan. When Term of the Loan expires:
(a) If the applicable law allows the Lender to acquire the entire equities of the Domestic Company held by the Borrowers, the Borrowers have the right and obligation to directly reimburse all the Outstanding Payments by means of transferring all the equities thereof they hold. When the relevant government registration procedures or other transfer formalities of such equity transfer stipulated by law (whichever occurs later) finish, it shall be deemed that the Borrowers have fully repaid all the Loans under this Agreement.
(b) If the applicable law allows the Lender to acquire a portion of the equities of the Domestic Company held by the Borrowers, the Borrowers have the right and obligation to directly reimburse the Outstanding Payments in proportion by means of transferring such equities thereof they hold. When the relevant government registration procedures or other transfer formalities of such equity transfer stipulated by law (whichever occurs later) finish, it shall be deemed that the Borrowers have repaid the corresponding percentage of Loans under this Agreement. The other unrepaid Loans are automatically extended to the date on which the applicable law allows the Lender or its successor to take over the remaining equities thereof held by the Borrowers.
(c) If the applicable law does not allow the Lender to acquire the equities of the Domestic Company held by the Borrowers, the Term of the Loan that has not been repaid is automatically extended to such date, when the applicable law allows so. In the event that the Borrowers repay the Loan under this Agreement in the aforementioned manner, the Lender and the Borrowers do not have to pay the other Party any other paymen...
Repayment of the Loan. 4.1. The Borrower shall repay the Loan in the order specified in the Payment Schedule. The Borrower shall commence the repayment of the Loan on the first Payment Date specified in the Payment Schedule and shall repay the Loan by periodic Payments in accordance with the Payment Schedule before the date of repayment of the Loan. The entire Loan must be repaid by the Loan repayment date.
4.2. The first instalment of the Borrower under the Loan Agreement must be made one month after the date of disbursement of the Loan amount to the Borrower. A detailed Payment Schedule of the Loan Repayment (s), Interest Payment and other periodic payments shall be provided as Annex 1 to the Special Terms and Conditions.
4.3. The Borrower undertakes to pay to the Lenders the amount of Interest provided for in the Special Terms and Conditions of the Loan Agreement for the use of the received Loan. The Parties hereby agree that for the purpose of calculating the Interest, the year shall be deemed to have 360 (three hundred and sixty) calendar days and the month shall have 30 (thirty) calendar days.
4.4. Payments supposed to be made by the Borrower logging in to their User Account on the Platform, selecting the "Active loans" section and clicking the "Pay" button. The Borrower may not make Payments in any other way.
4.5. The Operator shall distribute the Borrower's instalments (Payments) in the following order:
4.5.1. Monthly Administration Fee;
4.5.2. Interest;
4.5.3. Loan amount or part thereof, if according to the Payment Schedule it must be paid by Payment;
4.6. Liabilities of the Borrower who are in arrears (Payment) upon receipt of funds from FinoMark by the Borrower shall be included in the following order:
4.6.1. FinoMark's fines and other fees for the non-performance of the obligations of the Borrower;
4.6.2. Interest on Delay due to Lenders;
4.6.3. Monthly administration fee belonging to FinoMark;
4.6.4. Interest due to Lenders;
4.6.5. Loan amount, if according to the Payment schedule it must be paid by Payment;
4.6.6. In cases where the recovery of obligations has been transferred by force, the costs incurred by the Operator related to such recovery (stamp duty, notary, bailiff, lawyer, correspondence costs, etc.) shall be reimbursed in the first place.
4.7. The Borrower must repay the Loan at the request of the Operator (even if such request is made before the date of repayment of the Loan), as well as pay the due Interest and the Monthly Administration Fee if any of...
Repayment of the Loan. 3.1 The Lender may, at any time and at its absolute sole discretion, request either or both of the Borrowers to repay part or all of the Debt by delivering to the Borrowers a repayment notice (the “Repayment Notice”) thirty (30) days in advance. In the event that the Lender requests either of the Borrowers to repay the Debt according to the preceding sentence, the Lender shall have the right to purchase or designate a third party to purchase from such Borrower their respective equity interests in Beijing Huaqianshu at a purchase price equivalent to the Debt that the Lender requests the Borrower to repay; provided that the ratio of such purchased equity interests in the total equity interests held by such Borrower in Beijing Huaqianshu shall be equivalent to the ratio of the Debt requested to be repaid in the Loan principal that such Borrower borrows hereunder.
3.2 Either Borrower may, at any time, request to repay part or all of the Debt by delivering to the Lender a repayment request (the “Repayment Request”) thirty (30) days in advance. In such case, the Lender shall have the right to purchase or designate a third party to purchase from such Borrower their respective equity interests in Beijing Huaqianshu at a purchase price equivalent to the Debt that the Borrower intends to repay; provided that the ratio of such purchased equity interests in the total equity interests held by such Borrower in Beijing Huaqianshu shall be equivalent to the ratio of the Debt contemplated to be repaid in the Loan principal that such Borrower borrows hereunder.
3.3 Upon the expiration of such thirty (30)-day period of the Repayment Notice or the Repayment Request, the Borrower that is requested or requests for repayment shall pay off the Debt in cash or otherwise as determined by the board of the Lender through resolutions in accordance with the Lender’s articles of association and applicable laws and regulations.
3.4 When the Borrowers repay the Debt according to this Article II, the Parties shall complete the equity interests transfer simultaneously according to the above Article 3.1 or Article
3.2 to ensure that concurrently with the repayment of the Debt, the Lender or the third party designated by the Lender has legally and fully acquired the relevant equity interests in Beijing Huaqianshu in accordance with Article 3.1 or Article 3.2, free of any pledges or other encumbrances.
Repayment of the Loan. 3.1. The loan shall be repaid by paying the entire principal of the loan and all interests, fees, expenses and other amounts payable. The loan shall be repaid in equal monthly repayment installments in an amount and on a maturity date fixed in the repayment scheme being Annex № 1 to this Loan Agreement.
3.2. In case of Borrower’s failure to fulfil the obligation to repay the loan, the Borrower shall owe the Creditor the statutory interest, the fees, expenses, etc. within the time periods and under the conditions of this agreement, the General Conditions applicable thereto and the valid Tariff of the Creditor.
3.3. In case the Borrower shall fail to ensure and present reliable guarantors in timely manner, including if any of the specified guarantors shall fail to give their consent pursuant to this agreement and the general conditions thereto, or if the Borrower shall fail to provide the Creditor with due Bank guarantee in timely manner, or if the Borrower shall fail to establish another due collateral pursuant to this loan agreement, or if the validity of the guarantee, bank guarantee or collateral shall be anyhow terminated, the Borrower shall owe the Creditor a penalty in total amount of BGN [●] The penalty shall be charged on monthly basis as from the expiration of the time period for provision of such collateral. Penalty shall be due only for periods during which the loan has not been secured. To this end, if the Borrower shall provide due collateral of the loan, even after the expiration of the time period for provision thereof, the penalty shall not be charged any more. In case the validity of the collateral shall be terminated, irrespective of the reasons thereof, the penalty shall be charged again as from the date of termination of the collateral’s effect. If the time period for which a penalty has been charged shall be less than the time period between two repayment installments, the penalty shall be charged on day-by-day basis in the amount of 1/30 of the monthly penalty. Any penalty charged shall be paid together with the next repayment installment of the loan, according to the agreed repayment scheme. The Borrower shall pay the Creditor an out-of-court collection fee with respect to overdue loan payables, when payment of one or more repayment instalments is delayed as regards the fixed maturity date under this Loan Agreement and the repayment scheme thereto. Such fee is in the amount as set out in the Creditor’s tariff applicable as at the date...
Repayment of the Loan. The Borrower shall repay the Loan to the Lender in full together with the Interest Sum accrued on or before the Maturity Date.
Repayment of the Loan. The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, the Loan on the Maturity Date (or such earlier date on which the Loan becomes due or is declared due in accordance with this Agreement).
Repayment of the Loan. 7.1 Ku6 Technology may, at any time during the Loan Term by delivery of a repayment notice (the “Repayment Notice”) to Borrower thirty (30) days in advance, demand at its absolute discretion that the Borrower shall repay the Loan in whole or in part.
7.2 Upon expiry of the thirty (30) day period as set forth in the Repayment Notice, the Borrower shall repay the Loan in cash, or make such repayments in other forms as decided by the Board of Directors (or Executive Director) of Ku6 Technology by means of a Board (or Executive Director) resolution duly adopted in accordance with its Articles of Association and the applicable laws and regulations.
7.3 Without the prior written consent of Ku6 Technology, the Borrower shall not repay the loan in whole or in part to Ku6 Technology during the Loan Term.
Repayment of the Loan. 4.1 The Borrower shall repay the principal amount of the Loan on the earlier of: (i) the date on which the Borrower consummates the Transaction or (ii) the date of that the winding up of the Borrower is effective (such date, the “Maturity Date”).
4.2 The Borrower may prepay the Loan, in whole or in part, at any time without penalty.
4.3 All payments made by the Borrower to the Lender under this Agreement shall be made in immediately available funds and shall be paid by transfer to such bank account of the Lender as the Lender shall notify to the Borrower in writing.
4.4 Under no circumstances shall any individual, including but not limited to any executive officer, director, employee or stockholder of the Borrower, be obligated personally for any obligations or liabilities of the Borrower hereunder.
