Repayment of the Loan. 3.1 Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due or any event under Article 2.2 of this Agreement occurs, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in the Cinema Company to the Lender and/or its designated entities, and repay the loan hereunder by the proceeds received from the transfer.
Appears in 2 contracts
Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)
Repayment of the Loan. 3.1 Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due or any event under Article 2.2 of this Agreement occurs, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in the Cinema Pictures Company to the Lender and/or its designated entities, and repay the loan hereunder by the proceeds received from the transfer.
Appears in 2 contracts
Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)
Repayment of the Loan. 3.1 3.1. Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due or any event under Article 2.2 of this Agreement occurs, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in the Cinema Company iQIYI Yinhua to the Lender and/or its designated entities, and repay the loan hereunder by the proceeds received from the transfer.
Appears in 2 contracts
Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)
Repayment of the Loan. 3.1 Both The Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due or any event under Article 2.2 of this Agreement occursdue, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in the Cinema Company iQiyi to the Lender and/or its designated entitiespersons, and repay the loan hereunder by the proceeds received from the transfer.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (iQIYI, Inc.)
Repayment of the Loan. 3.1 Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due or any event under Article 2.2 of this Agreement occursdue, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in the Cinema Company Xxxxx Xxxx to the Lender and/or its designated entitiespersons, and repay the loan hereunder by the proceeds received from the transfer.
Appears in 1 contract
Samples: Loan Agreement (iQIYI, Inc.)