Common use of Tenor of the Borrowing Clause in Contracts

Tenor of the Borrowing. 1. The tenor of the Borrowing hereunder shall be 12 months, starting on November 4, 2015 and ending on November 4, 2016 (the “Tenor”). 2. Where the Loan is to be disbursed in a lump-sum, the date of actual disbursement as recorded on the receipt of borrowing and/or certificate of borrowing shall be deemed as the disbursement date. Where the date of actual disbursement is later than the disbursement date so recorded, the Tenor shall be extended accordingly. 3. Pursuant to the instructions of the Entrustor, the Borrowing shall be disbursed by installments in accordance with the following schedule: On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; The Lender shall transfer each of the relevant amounts as specified above to the account of the Borrower on each of the dates as specified above.] 4. Where the Loan is to be utilized by installments, all the installments shall be expired on the same day, or in other words, all the installments disbursed separately shall be expired simultaneously on the expiration date specified on the receipt of borrowing and/the certificate of borrowing for the first installment. 5. In the event that the Lender accelerates the Loan under the circumstances set forth herein or in accordance with the instructions of the Entrustor, it shall be deemed that expiration date of the Tenor is accelerated accordingly.

Tenor of the Borrowing. 1. The tenor of the Borrowing hereunder shall be 12 months, starting on November 4September 3, 2015 2014 and ending on November 4September 3, 2016 2015 (the “Tenor”). 2. Where the Loan is to be disbursed in a lump-sum, the date of actual disbursement as recorded on the receipt of borrowing and/or certificate of borrowing shall be deemed as the disbursement date. Where the date of actual disbursement is later than the disbursement date so recorded, the Tenor shall be extended accordingly. 3. Pursuant to the instructions of the Entrustor, the Borrowing shall be disbursed by installments in accordance with the following schedule: On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; On ___[insert the applicable date], RMB____[insert the applicable amount]; The Lender shall transfer each of the relevant amounts as specified above to the account of the Borrower on each of the dates as specified above.] 4. Where the Loan is to be utilized by installments, all the installments shall be expired expire on the same day, or in other words, all the installments disbursed separately shall be expired expire simultaneously on the expiration date specified on the receipt of borrowing and/the certificate of borrowing for the first installment. 5. In the event that the Lender accelerates the Loan under the circumstances set forth herein or in accordance with the instructions of the Entrustor, it shall be deemed that expiration date of the Tenor is accelerated accordingly.