Repayment of the Loan. (A) The borrower undertakes to repay the loan and the obligations in full by the final repayment date which may change subject to the terms and conditions herein. (B) Subject to paragraph (d) below, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which shall be made up of the interest owing and the capital repayment (the “repayment instalment”) which shall be applied at the absolute discretion of the bank. The borrower hereby authorizes the bank to debit the repayment instalment from the Salary account of the borrower. (C) The bank shall debit the repayment instalment for the Salary account on the payment date (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date the obligation of the borrower to make such payments shall not be affected. Shall the amount debited by the bank be incorrect due to fault of the bank, the bank shall be responsible for the rectification of the of the fault and for the payment of any amounts owed. (D) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice to the bank’s rights, the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to: i. Additional fees are incurred which are added to the amount of the loan; ii. There is a change in the interest rate; iii. In the case there is a change in the anticipated payment stages; iv. There is a prepayment, or v. Penalty interest accurse in accordance with the provisions of clause 11 (h). vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower shall have the right to exit the agreement without penalty. (E) The borrower’s accounts shall be considered as being complementary to each and the bank shall have the right to make deductions of the borrower in settlement of the loan due from him. (F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank shall be entitled to collect the whole value of such funds and use it to pay the balance of the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو (G) The borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reason, wither or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balance, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the bank. (H) The borrower shall pay penalty interest (“overdue interest”) at the rate of % plus 1% (one per cent) per annum on the balance of the overdue loan account (“overdue interest”). The bank’s overdue interest shall be calculated in accordance with the bank’s normal practices as specified in the tariff book. Where the overdue interest remains to be unpaid at the end of a month, the overdue interest shall be added to the next repayment instalment to be paid on the next payment date by the borrower. (I) If the bank so requested, the borrower shall provide the bank with a sufficient number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become due.
Appears in 1 contract
Samples: Real Estate Loan Agreement
Repayment of the Loan. (A) The borrower undertakes to repay the loan and the obligations in full by the final repayment date which may change subject Subject to the terms and conditions herein.
(B) Subject to paragraph (d) belowset forth in the Subordination Agreement and the Senior Credit Agreement, the borrower undertakes Borrower shall repay to pay monthly instalment with a minimum the Lender in equal installments of $25,000,000 (or such lesser amount as remains outstanding on the unpaid principal balance and accrued and unpaid interest at such time) on each of OMR which September 10, 2020, December 10, 2020 and March 10, 2021. The installment shall be made up first applied to outstanding fees, costs and/or expenses due under this Agreement; second, to accrued and unpaid interest: and (iii) finally, to unpaid principal. The outstanding unpaid principal balance of the Loan and all accrued and unpaid interest owing on the Loan shall be due and payable on the capital repayment Scheduled Maturity Date. If all of the outstanding principal balance of the Loan and accrued interest on the Loan are fully repaid on any date, this Agreement shall terminate as of such date. Borrower may provide written notice (the an “repayment instalmentExtension Notice”) which to the Lender not less than fifteen (15) Business Days prior to the Scheduled Maturity Date of the upcoming Scheduled Maturity Date, and, subject to lender’s confirmation of receipt of such notice, such Scheduled Maturity Date shall be applied at extended by one additional calendar year, unless the Lender shall, in its sole and absolute discretion of discretion, have delivered written notice declining such Extension Notice not less than ten (10) Business Days prior to the bankScheduled Maturity Date. The borrower hereby authorizes If the bank Borrower fails to debit the repayment instalment from the Salary account of the borrower.
(C) The bank shall debit the repayment instalment for the Salary account on the payment date provide such Extension Notice (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date the obligation of the borrower to make such payments shall provide it not be affected. Shall the amount debited by the bank be incorrect due to fault of the bank, the bank shall be responsible for the rectification of the of the fault and for the payment of any amounts owed.
less than fifteen (D15) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice Business Days prior to the bank’s rightsScheduled Maturity Date), then the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added to the amount of the loan;
ii. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower Lender shall have the right to exit the agreement without penalty.
deliver a written notice declining any further extension (E) The borrower’s accounts shall be considered as being complementary to each and the bank shall have the right to make deductions of the borrower in settlement of the loan due from him.
(F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank shall be entitled to collect the whole value of such funds and use it to pay the balance of the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو
(G) The borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reason, wither or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balance, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the bank.
(H) The borrower shall pay penalty interest (“overdue interestNon-Renewal Notice”) at any time prior to thirty (30) calendar days after the rate Scheduled Maturity Date, and effective upon the delivery of % plus 1% such Non-Renewal Notice, (one per centi) per annum if delivered prior to the Scheduled Maturity Date, then no extension shall occur on the balance Scheduled Maturity Date and the Scheduled Maturity Date shall constitute the Final Maturity Date, or (ii) if delivered after the applicable Scheduled Maturity Date, the date occurring two Business Days following the date of such Non-Renewal Notice shall constitute the overdue loan account (“overdue interest”)Final Maturity Date. The bank’s overdue interest If no Extension Notice or Non-Renewal Notice is delivered, the Scheduled Maturity Date shall be calculated in accordance with the bank’s normal practices as specified in the tariff book. Where the overdue interest remains to be unpaid at the end of a month, the overdue interest shall be added extended by one additional calendar year to the next repayment instalment to be paid on the next payment date by the borrowerFinal Maturity Date.
(I) If the bank so requested, the borrower shall provide the bank with a sufficient number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become due.
Appears in 1 contract
Repayment of the Loan. (A) 3.1. The borrower undertakes 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 and the obligations in full by the final repayment date which may change subject to the terms and conditions herein.
(B) Subject to paragraph (d) belowloan, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which Borrower shall be made up of owe the interest owing and Creditor the capital repayment (the “repayment instalment”) which shall be applied at the absolute discretion of the bank. The borrower hereby authorizes the bank to debit the repayment instalment from the Salary account of the borrower.
(C) The bank shall debit the repayment instalment for the Salary account on the payment date (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date the obligation of the borrower to make such payments shall not be affected. Shall the amount debited by the bank be incorrect due to fault of the bankstatutory interest, the bank shall be responsible for fees, expenses, etc. within the rectification time periods and under the conditions of the of the fault and for the payment of any amounts owed.
(D) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice to the bank’s rights, the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added to the amount of the loan;
ii. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower shall have General Conditions applicable thereto and the right to exit valid Tariff of the agreement without penaltyCreditor.
(E) The borrower’s accounts 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 considered anyhow terminated, the Borrower shall owe the Creditor a penalty in total amount of BGN [●] The penalty shall be charged on monthly basis as being complementary 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 each 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 bank shall have repayment scheme thereto. Such fee is in the right to make deductions amount as set out in the Creditor’s tariff applicable as at the date of the borrower in settlement delay. The fee under this paragraph shall be used to cover the administrative expenses of the loan due from himCreditor related to the latter’s activities for collection of required overdue payments under the Loan Agreement (including but not limited to phone calls, reminder letters, attorney’s fees, etc.
(F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank and shall be entitled to collect the whole value of such funds and use it to pay the balance due until fully repaid. The amount of the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو
(G) The borrower agrees to maintain a sufficient balance fee may be changed unilaterally by the Creditor in the Salary account for the payment case of material change of the repayment instalment. Should expenses related to the activities for any reasoncollection of overdue receivables, wither or where such change shall be beyond the Creditor’s control (including but not this is the fault limited to change of the borrowerphone call prices, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balancechange of mail services prices, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the banketc.
(H) The borrower shall pay penalty interest (“overdue interest”) at the rate of % plus 1% (one per cent) per annum on the balance of the overdue loan account (“overdue interest”). The bank’s overdue interest Creditor shall be calculated in accordance with inform the bank’s normal practices as specified in Borrower about the tariff book. Where change of the overdue interest remains to be unpaid at fees by publishing a notice on its website indicating the end effective date of a month, the overdue interest shall be added to the next repayment instalment to be paid on the next payment date by the borrowernew fees.
(I) If the bank so requested, the borrower shall provide the bank with a sufficient number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become due.
Appears in 1 contract
Samples: Loan Agreement
Repayment of the Loan. (A) Article 16 The borrower undertakes to Borrower may repay the loan principal of the Loan hereunder in one or more installments in the original currency within the Term set forth herein; provided, however, that the Borrower shall repay the Loan in its entirety prior to the last bank business day (inclusive) of the Term. The portion of the Loan that has been repaid hereunder may be utilized in a recycling manner. The Borrower shall submit to the Lender a drawdown notice in the form of Exhibit I hereto and the obligations in full relevant documents and materials required by the final repayment date which Lender in advance pursuant to Chapter 3 hereof, and may change subject utilize the Loan in a recycling manner upon the Lender’s examination and approval. The Borrower shall repay the recycled Loan in its entirety prior to the terms and conditions hereinlast bank business day (inclusive) of the Term.
(B) Subject to paragraph (d) below, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which shall be made up of the interest owing and the capital repayment (the “repayment instalment”) which shall be applied at the absolute discretion of the bank. Article 17 The borrower Borrower hereby authorizes the bank Lender to debit transfer promptly the export settlement funds of the Borrower to the Designated Account for repayment instalment of the Loan.
Article 18 The Borrower shall be permitted to utilize the Loan in a recycling matter with a utilization term not less than three (3) months. If the Borrower makes any prepayment prior to the expiration of such utilization term, it shall submit an application in writing to the Lender ten (10) business days in advance and obtain the consent from the Salary account of the borrower.
(C) Lender. The bank shall debit the repayment instalment for the Salary account on the payment date (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date the obligation of the borrower to make such payments shall not be affected. Shall the amount debited by the bank be incorrect due to fault of the bank, the bank shall be responsible for the rectification of the of the fault and for the payment of any amounts owed.
(D) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice to the bank’s rights, the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added to the amount of the loan;
ii. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower Lender shall have the right to exit require the agreement without penalty.
(E) Borrower to pay a commitment fee for such prepayment. The borrower’s accounts calculation formula for the loan commitment fee in Renminbi shall be considered as being complementary to each and the bank shall have the right to make deductions follows: Commitment Fee=Amount of the borrower in settlement Prepayment×Days of Prepayment×0.05‰. The calculation formula for the loan due from him.
(F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank commitment fee in foreign exchange shall be entitled to collect as follows: Commitment Fee=Amount of Prepayment×Days of Prepayment×1%/360. In the whole value of such funds and use it event that the Borrower fails to pay the balance of commitment fee promptly as required by the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو
(G) The borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reasonLender, wither or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balance, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the bank.
(H) The borrower it shall pay a penalty interest (“overdue interest”) at the rate of % plus 1% (one per cent) per annum on the balance of the overdue loan account (“overdue interest”). The bank’s overdue interest shall be calculated in accordance with the bank’s normal practices as specified in relevant formula.
Article 19 In the tariff book. Where event that the overdue interest remains to be unpaid at Borrower applies for an extension of the end of a monthLoan, the overdue interest Borrower shall be added submit a written application for such extension and the relevant materials (including, but not limited to, the written confirmation of the guarantor for the extension of the Loan) at least thirty (30) business days prior to the next repayment instalment to be paid on maturity date of the next payment date Loan. Upon examination and approval by the borrowerLender, the Borrower shall enter into an extension agreement for the Loan with the Lender separately.
Article 20 The Borrower shall complete the relevant sections of the remittance certificate for repayment as required by the Lender (I) If the bank so requestedincluding, but not limited to, the borrower shall provide the bank with a sufficient contract number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become duethis Contract).
Appears in 1 contract
Repayment of the Loan. (A) Article 16 The borrower undertakes to Borrower may repay the loan principal of the Loan hereunder in one or more installments in the original currency within the Term set forth herein; provided, however, that the Borrower shall repay the Loan in its entirety prior to the last bank business day (inclusive) of the Term. The portion of the Loan that has been repaid hereunder may be utilized in a recycling manner. The Borrower shall submit to the Lender a drawdown notice in the form of Exhibit I hereto and the obligations in full relevant documents and materials required by the final repayment date which Lender in advance pursuant to Chapter 3 hereof, and may change subject utilize the Loan in a recycling manner upon the Lender’s examination and approval. The Borrower shall repay the recycled Loan in its entirety prior to the terms and conditions hereinlast bank business day (inclusive) of the Term.
(B) Subject to paragraph (d) below, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which shall be made up of the interest owing and the capital repayment (the “repayment instalment”) which shall be applied at the absolute discretion of the bank. Article 17 The borrower Borrower hereby authorizes the bank Lender to debit transfer promptly the export settlement funds of the Borrower to the Designated Account for repayment instalment of the Loan.
Article 18 The Borrower shall be permitted to utilize the Loan in a recycling matter with a utilization term not less than three (3) months. If the Borrower makes any prepayment prior to the expiration of such utilization term, it shall submit an application in writing to the Lender ten (10) business days in advance and obtain the consent from the Salary account of the borrower.
(C) Lender. The bank shall debit the repayment instalment for the Salary account on the payment date (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date the obligation of the borrower to make such payments shall not be affected. Shall the amount debited by the bank be incorrect due to fault of the bank, the bank shall be responsible for the rectification of the of the fault and for the payment of any amounts owed.
(D) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice to the bank’s rights, the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added to the amount of the loan;
ii. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower Lender shall have the right to exit require the agreement without penalty.
(E) Borrower to pay a commitment fee for such prepayment. The borrower’s accounts calculation formula for the loan commitment fee in Renminbi shall be considered as being complementary to each and the bank shall have the right to make deductions follows: Commitment Fee=Amount of the borrower in settlement Prepayment×Days of Prepayment×0.05‰. The calculation formula for the loan due from him.
(F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank commitment fee in foreign exchange shall be entitled to collect as follows: Commitment Fee=Amount of Prepayment×Days of Prepayment×1%/360. In the whole value of such funds and use it event that the Borrower fails to pay the balance of commitment fee promptly as required by the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو
(G) The borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reasonLender, wither or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balance, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the bank.
(H) The borrower it shall pay a penalty interest (“overdue interest”) at the rate of % plus 1% (one per cent) per annum on the balance of the overdue loan account (“overdue interest”). The bank’s overdue interest shall be calculated in accordance with the bank’s normal practices as specified in relevant formula.
Article 19 In the tariff book. Where event that the overdue interest remains to be unpaid at Borrower applies for an extension of the end of a monthLoan, the overdue interest Borrower shall be added submit a written application for such extension and the relevant materials (including, but not limited to, the written confirmation of the guarantor for the extension of the Loan) at least thirty (30) business days prior to the next repayment instalment to be paid on maturity date of the next payment date Loan. Upon examination and approval by the borrowerLender, the Borrower shall enter into an extension agreement for the Loan with the Lender separately.
Article 20 The Borrower shall complete the relevant sections of the remittance certificate for repayment as required by the Lender (I) If the bank so requestedincluding, but not limited to, the borrower shall provide the bank with a sufficient contract number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become duethis Agreement).
Appears in 1 contract
Samples: Loan Agreement (Yingli Green Energy Holding Co LTD)
Repayment of the Loan. The Borrower shall repay to the Lender in equal installments of $25,000,000 (Aor such lesser amount as remains outstanding on the unpaid principal balance and accrued and unpaid interest at such time) on each of September 10, 2020, December 10, 2020 and March 10, 2021. The borrower undertakes installment shall be first applied to repay outstanding fees, costs and/or expenses due under this Agreement; second, to accrued and unpaid interest: and (iii) finally, to unpaid principal. The outstanding unpaid principal balance of the loan Loan and all accrued and unpaid interest on the obligations in full by Loan shall be due and payable on the final repayment date which Scheduled Maturity Date. If all of the outstanding principal balance of the Loan and accrued interest on the Loan are fully repaid on any date, this Agreement shall terminate as of such date. Borrower may change provide written notice (an “Extension Notice”) to the Lender not less than fifteen (15) Business Days prior to the Scheduled Maturity Date of the upcoming Scheduled Maturity Date, and, subject to the terms and conditions herein.
(B) Subject to paragraph (d) belowlender’s confirmation of receipt of such notice, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which such Scheduled Maturity Date shall be made up of extended by one additional calendar year, unless the interest owing Lender shall, in its sole and absolute discretion, have delivered written notice declining such Extension Notice not less than ten (10) Business Days prior to the capital repayment (Scheduled Maturity Date. If the “repayment instalment”) which shall be applied at the absolute discretion of the bank. The borrower hereby authorizes the bank Borrower fails to debit the repayment instalment from the Salary account of the borrower.
(C) The bank shall debit the repayment instalment for the Salary account on the payment date provide such Extension Notice (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date the obligation of the borrower to make such payments shall provide it not be affected. Shall the amount debited by the bank be incorrect due to fault of the bank, the bank shall be responsible for the rectification of the of the fault and for the payment of any amounts owed.
less than fifteen (D15) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice Business Days prior to the bank’s rightsScheduled Maturity Date), then the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added to the amount of the loan;
ii. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower Lender shall have the right to exit the agreement without penalty.
deliver a written notice declining any further extension (E) The borrower’s accounts shall be considered as being complementary to each and the bank shall have the right to make deductions of the borrower in settlement of the loan due from him.
(F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank shall be entitled to collect the whole value of such funds and use it to pay the balance of the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو
(G) The borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reason, wither or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balance, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the bank.
(H) The borrower shall pay penalty interest (“overdue interestNon-Renewal Notice”) at any time prior to thirty (30) calendar days after the rate Scheduled Maturity Date, and effective upon the delivery of % plus 1% such Non-Renewal Notice, (one per centi) per annum if delivered prior to the Scheduled Maturity Date, then no extension shall occur on the balance Scheduled Maturity Date and the Scheduled Maturity Date shall constitute the Final Maturity Date, or (ii) if delivered after the applicable Scheduled Maturity Date, the date occurring two Business Days following the date of such Non-Renewal Notice shall constitute the overdue loan account (“overdue interest”)Final Maturity Date. The bank’s overdue interest If no Extension Notice or Non-Renewal Notice is delivered, the Scheduled Maturity Date shall be calculated in accordance with the bank’s normal practices as specified in the tariff book. Where the overdue interest remains to be unpaid at the end of a month, the overdue interest shall be added extended by one additional calendar year to the next repayment instalment to be paid on the next payment date by the borrowerFinal Maturity Date.
(I) If the bank so requested, the borrower shall provide the bank with a sufficient number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become due.
Appears in 1 contract
Repayment of the Loan. (A) The borrower undertakes to repay the loan and the obligations in full by the final repayment date which may change subject to the terms and conditions herein.
(B) Subject to paragraph (d) below, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which shall be made up of the interest owing and the capital repayment (the ”Repayment Instalment“repayment instalment”) which shall be applied at the absolute discretion of the bankBank. The borrower hereby authorizes the bank to debit the repayment instalment Repayment Instalment from the Salary account of the borrowerBorrower.
(C) The bank shall debit the repayment instalment for Repayment Instalment from the Salary account Borrower’s Account on the payment date (or if such day is a non-non- business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account Account on the payment date the obligation of the borrower Borrower to make such payments shall not be affected. Shall the amount debited by the bank Bank be incorrect due to fault of the bankBank, the bank Bank shall be responsible for the rectification of the of the fault and for the payment of any amounts owed.
(D) subsequent Subsequent to informing the borrower in accordance with clause 15(eClause 15(E) and without prejudice to the bankBank’s rights, the bank The Bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added to the amount of the loan;
ii. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause Clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure IN THE CASE THERE IS A CHANGE IN NUMBER OF INSTALLMENTS/ LOAN TENURE In such circumstances the bank Bank shall, by way of sms SMS to the borrowerBorrower’s registered mobile number and/or e-mail to the borrowerBorrower’s registered e-mail address, provide prior written noticeof notice of such change to the borrower and the borrower Borrower undertakes to pay a revised payment instalmentPayment Instalment. طورش يف حضوملا دادسلا لودجل اقفو لواقملل ةرشابم ضرقلا غلابم فرص متيس -ị حبصي ذئدنع عازنلا كلذ ءوشن خيرات نم اموي (30) للاخ يف عازن أشن ام ىتمو ءانبلا دقع عفدلا ụجاو ضرقلا غلبم حبصيو لواقملل دادسلاب لاوحلأا نم لاح يأب مزلم ريغ كنبلا .اروف غلبمب ةيرهش طاسقأ دادسب ضرتقملا دهعتي ،هاندأ (د) ةرقفلا ụجومب – ị لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (“ دادسلا طسق “ ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا ịاسح نم دادسلا طسق مصخب كنبلا اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا ịاسح نم دادسلا طسق مصخ كنبلل قحي – ج مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي ،ةلطع موي مويلا كلذ ناك نم دادسلا طسق مصخ يف ịابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا ịاسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت .ضرقلا غلبم ىلا فاضت ةيفاضإ موسر دبكت –1 ةلاسر قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ينورتكلإ ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ضرتقملا دهعتيو ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ .لدعملا طسقلا دادسب Shall the variation of the repayment instalment Repayment Instalment terms be unacceptable to the borrower Borrower and are not foreseen in this agreement, the borrower shall have the right to exit the agreement Agreement without penalty.
(E) The borrowerBorrower’s accounts shall be considered as being complementary to each and the bank Bank shall have the right to make deductions of the borrower Borrower in settlement of the loan due from him.
(F) Should the borrower Borrower become entitled to cover money from either the property insurance or the life insurance then the bank shall be entitled to collect the whole value of such funds and use it to pay the balance of the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو.
(G) The borrower Borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reason, wither whether or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrowerBorrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “”repayment shortfall”“) shall be debited to a separate account which shall be opened and called to the overdue loan account ACCOUNT (the ”Over Due Loan Account“overdue loan account”). At any time that the borrowerBorrower’s salary Salary account has a positive balance, the borrower Borrower hereby authorizes the bank Bank to debit the Salary account for any available amount which the bank Bank may then credit to the overdue loan account Overdue Loan Account to satisfy the obligations of the borrower Borrower owning the bankBank.
(H) The borrower Borrower shall pay penalty interest (“”overdue interest”“) at the rate of OF % plus 1% (one per cent) per annum on the balance of the overdue loan account (“”overdue interest”“). The bankBank’s overdue Overdue interest shall be calculated in accordance with the bankBank’s normal practices as specified in the tariff bookTariff Book. Where the overdue interest Overdue Interest remains to be unpaid at the end of a month, the overdue interest shall Overdue INTEREST SHALL be added to the next repayment instalment to be paid on the next payment date by the borrowerBorrower.
(I) If the bank so requested, the borrower Borrower shall provide the bank Bank with a sufficient number of post-dated cheques to be drawn on an account with a local bank other than the bankBank, which the bank Bank may cash in order to satisfy the repayment instalment as they become due.
Appears in 1 contract
Samples: Real Estate Loan Agreement
Repayment of the Loan. Article 17 The Borrower may repay the principal of the Loan hereunder in one or more installments in the original currency within the Term set forth herein; provided, however, that the Borrower shall repay the Loan in its entirety prior to the last bank business day (Ainclusive) of the Term. The borrower undertakes portion of the Loan that has been repaid hereunder may be utilized in a recycling manner. The Borrower shall submit to the Lender a drawdown notice in the form of Exhibit I hereto and the relevant documents and materials required by the Lender in advance pursuant to Chapter 3 hereof, and may utilize the Loan in a recycling manner upon the Lender’s examination and approval. The Borrower shall repay the recycled Loan in its entirety prior to the last bank business day (inclusive) of the Term.
Article 18 The Borrower hereby authorizes the Lender to transfer promptly by itself or through the Agent the export settlement funds of the Borrower to the Designated Account for repayment of the Loan; provided, however, that if the amount of such funds is not enough to repay the loan and the obligations in full by the final repayment date which may change subject to the terms and conditions herein.
(B) Subject to paragraph (d) belowcurrent principal, the borrower undertakes to pay monthly instalment with a minimum amount of OMR which Borrower shall be made up of the interest owing and the capital repayment (the “repayment instalment”) which shall be applied at the absolute discretion of the bank. The borrower hereby authorizes the bank to debit the repayment instalment from the Salary account of the borrower.
(C) The bank shall debit the repayment instalment for the Salary account on the payment date (or if such day is a non-business day, on the next following business day). Notwithstanding this, if for any reason the bank fails to debit the Salary account on the payment date have the obligation of the borrower to make such payments shall not be affected. Shall the amount debited by the bank be incorrect due to fault of the bank, the bank payment from its own funds.
Article 19 The Borrower shall be responsible for permitted to utilize the rectification of Loan in a recycling matter with a utilization term not less than three (3) months. If the of the fault and for the payment of Borrower makes any amounts owed.
(D) subsequent to informing the borrower in accordance with clause 15(e) and without prejudice prepayment prior to the bank’s rightsexpiration of such utilization term, the bank has the right at any time and for any reason to vary the repayment instalment. Such variation may occur it shall submit an application in the following circumstances, for example and not limited to:
i. Additional fees are incurred which are added writing to the amount of Lender ten (10) business days in advance and obtain the loan;
iiconsent from the Lender. There is a change in the interest rate;
iii. In the case there is a change in the anticipated payment stages;
iv. There is a prepayment, or
v. Penalty interest accurse in accordance with the provisions of clause 11 (h).
vi. In the case there is a change in number of instalments/loan tenure In such circumstances the bank shall, by way of sms to the borrower’s registered mobile number and/or e-mail to the borrower’s registered e-mail address, provide prior written noticeof such change to the borrower and the borrower undertakes to pay a revised payment instalment. Shall the variation of the repayment instalment terms be unacceptable to the borrower and are not foreseen in this agreement, the borrower The Lender shall have the right to exit require the agreement without penalty.
(E) Borrower to pay a commitment fee for such prepayment. The borrower’s accounts calculation formula for the loan commitment fee in Renminbi shall be considered as being complementary to each and the bank shall have the right to make deductions follows: Commitment Fee=Amount of the borrower in settlement Prepayment×Days of Prepayment×0.05‰. The calculation formula for the loan due from him.
(F) Should the borrower become entitled to cover money from either the property insurance or the life insurance then the bank commitment fee in foreign exchange shall be entitled to collect as follows: Commitment Fee=Amount of Prepayment×Days of Prepayment×1%/360. In the whole value of such funds and use it event that the Borrower fails to pay the balance of commitment fee promptly as required by the loan or other obligations. يئاهنلا دادسلا خيرات لولحب لماكلاب تامازتللااو ضرقلا دادسب ضرتقملا دهعتي [أ] .ةيقافتلاا هذه يف ةدراولا ماكحلأاو طورشلل اقفو ريغتي دق يذلا غلبمب ةيرهش طاسقأ دادسب هاندأ (د) ةرقفلا ụجومب ضرتقملا دهعتي [ب] لاماش دادسلا نوكي نأ ىلع ىندأ دحك ينامع لاير ىلع (” دادسلا طسق « ـب دعب اميف هيلإ راشيو) يلصلأا غلبملاو ةقحتسملا ةدئافلا ضرتقملا ضوفي اذهبو .كنبلل ةقلطملا ةيريدقتلا ةطلسلل اقفو كلذ قيبطت متي نأ .ụتارلا باسح نم دادسلا طسق مصخب كنبلا ناك اذإ وأ) ةدئافلا دادس خيرات يف ụتارلا باسح نم دادسلا طسق مصخ كنبلل قحي [ج] مغرلابو ،(يلاتلا لمعلا موي يف دادسلا طسق مصخ متي لمع مويب سيل مويلا كلذ نم دادسلا طسق مصخ يف بابسلأا نم ụبس يلأ كنبلا لشف اذإ ،هلاعأ درو امم كلذ نإف ،حيحص ريغ موصخملا غلبملا ناك وأ ةدئافلا دادس خيرات يف ụتارلا باسح يذلا غلبملا ناك اذإو .غلابملا كلت دادسب ضرتقملا تامازتلا ىلع اقلطم رثؤي نل نع لاوؤسم كنبلا نوكيسف ،كنبلا ụناج نم ريصقت ụبسب حيحص ريغ كنبلا همصخي .ةقحتسم غلابم يأ عفدو أطخلا حيحصت دادسلا طيسقت رييغتب بابسلأا نم ụبس يلأو تقو يأ يف قحلاب كنبلا عتمتي [د] .كنبلا قوقحب ساسملا نودو (ـه) 15 دنبلا عم قفاوتي امب ضرتقملا غلابإ ụقع :-رصحلا لا- لاثملا ليبس ىلع ،ةيلاتلا فورظلا يف رييغتلا اذه ثدحي دقو ضرقلا غلبمل لجعم دادس كانه نوكي نأ – 4 (ح) 11 دنبلا ماكحلأ اقفو ريخأت ةمارغ قاقحتسا – 5 ضرقلا ةدم/طاسقلأا ددع يف ليدعت أرطي نأ - 6 قيرط نع اقبسم ايباتك اراعشإ ضرتقملا حنم كنبلا ىلع لاوحلأا كلت يف ụجيو ديرب وأ / و ضرتقملا ىدل لجسملا لومحملا فتاهلا مقر ىلإ ةريصق ةيصن ةلاسر ليدعتلا كلذب ديفي ضرتقملا ىدل لجسملا ينورتكللإا ديربلا ناونع ىلإ ينورتكلإ .لدعملا طسقلا دادسب ضرتقملا دهعتيو ةلاح يف تامارغ ضرف نود ةيقافتلاا نم باحسنلاا يف قحلا ضرتقملل نوكيس .ةيقافتلاا هذه يف هيلع صوصنم ريغ ناكو هل دادسلا طسق طورش رييغت لوبق مدع ادادس نوبزلا تاباسح نم ةصاقملا كنبلل قحيو اهضعب ةلمكم نوبزلا تاباسح ربتعت – ـه .هيلع قحتسملا ضرقلل ضرقلا ديصر دادسل اهمادختساو ةيلاملا غلابملا لماك ليصحتل اقحتسم كنبلا حبصي – و ụجومب امإ ةيلام غلابم دادرتسلا ضرتقملا قاقحتسا ةلاح يف ىرخلأا تامازتللاا وأ .ةايحلا ىلع نيمأتلا ةقيثو وأ راقعلا ىلع نيمأتلا ةقيثو
(G) The borrower agrees to maintain a sufficient balance in the Salary account for the payment of the repayment instalment. Should for any reasonLender, wither or not this is the fault of the borrower, the Salary account have insufficient funds to satisfy the repayment instalment then the amount available in the borrower’s Salary account shall be debited and credited to the loan account and any shortfall (the “repayment shortfall”) shall be debited to a separate account which shall be opened and called to the overdue loan account (the “overdue loan account”). At any time that the borrower’s salary account has a positive balance, the borrower hereby authorizes the bank to debit the Salary account for any available amount which the bank may then credit to the overdue loan account to satisfy the obligations of the borrower owning the bank.
(H) The borrower it shall pay a penalty interest (“overdue interest”) at the rate of % plus 1% (one per cent) per annum on the balance of the overdue loan account (“overdue interest”). The bank’s overdue interest shall be calculated in accordance with the bank’s normal practices as specified in relevant formula.
Article 20 In the tariff book. Where event that the overdue interest remains to be unpaid at Borrower applies for an extension of the end of a monthLoan, the overdue interest Borrower shall be added submit to the next repayment instalment Lender a written application for such extension and the relevant materials (including, but not limited to, the written confirmation of the guarantor for the extension of the Loan) at least thirty (30) business days prior to be paid on the next payment maturity date of the Loan. Upon examination and approval by the borrowerLender, the Borrower shall enter into an extension agreement for the Loan with the Lender separately.
Article 21 The Borrower shall complete the relevant sections of the remittance certificate for repayment as required by the Lender (I) If the bank so requestedincluding, but not limited to, the borrower shall provide the bank with a sufficient contract number of post-dated cheques to be drawn on an account with a local bank other than the bank, which the bank may cash in order to satisfy the repayment instalment as they become duethis Contract).
Appears in 1 contract
Samples: Loan Agreement (Yingli Green Energy Holding Co LTD)
