Common use of Repayment of the Loan Clause in Contracts

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.