Term of the Loan. All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.
Term of the Loan. The term of the Loan shall be 12 months, commencing from [see Schedule A] and expiring on [see Schedule A] (the “Term”). Where the above commencement date is inconsistent with the date set forth on the loan-to deposit certificate (the “LDC” or “Loan Receipt”, the date set forth on the LDC for the first advance of the Loan shall be the commencement date of the Term and the expiry date of the Term shall be adjusted accordingly. The LDC shall constitute an integral part of the Contract and have the equal legal force as the Contract.
Term of the Loan. The Loan is granted for a term of 1 year, commencing from October 28th 2005 to October 28th 2006. If the actual drawdown date of the Loan is different from the above-mentioned commencement date, the commencement and maturity dates of the Loan shall be the dates prescribed in the relevant certificate of indebtedness.
Term of the Loan. There is a minimum mortgage term of 5 years for all mortgages, other than for existing borrowers moving home borrowing the same or less. The maximum term is 40 years (or 25 years for interest- only, where sale of the property is the repayment vehicle). Applicants who request a mortgage term that would take them beyond their intended retirement age are declined. An intended retirement age of more than 75 years is not accepted. Applicants who have already retired are eligible for a mortgage. Existing borrowers moving home borrowing the same or less can maintain an existing loan part that extends beyond their retirement age subject to, inter alia, any increased loan amount having a term that does not extend beyond the existing mortgage term, and the loan being assessed as affordable in retirement.
Term of the Loan. 2.1 The term of the loan under this Agreement shall begin from August 30, 2017 to ten years after the execution of this Agreement (“Term of the Loan”); the Term of the Loan may be extended upon the Lender’s written confirmation; the extended term shall be determined by the Lender.
2.2 During the Term of the Loan or any extended Term of the Loan, in the event that any of the following events occur as to any of the Borrowers, the lender shall be entitled to decide, in the manner of written notice, that the loan hereunder becomes due immediately, and demand the Borrower to repay the loan in the manner provided by the provisions hereof:
(1) the Borrower resigns from or is dismissed by the Lender or its affiliated company (refers to all the companies which have affiliated relations with the Lender during the term of this Agreement);
(2) the Borrower dies or loses capacity for civil conduct, or his/her capacity for civil conduct becomes limited;
(3) the Borrower commits or is involved in any crime;
(4) any third party claims against the Borrower damages exceeding one hundred thousand (RMB 100,000.00);
(5) any representation or warranty by the Borrower herein is proven to be untrue or inaccurate in any material aspect at the time when it is made; or the Borrower breaches any obligation hereof;
(6) to the extent permitted by the laws of China, in the event that the Lender or its designated person may invest in the Pictures Company’s businesses and the Lender, in accordance with the provisions of the Exclusive Share Purchase Agreement executed by the Lender and the Borrower on August 30, 2017 (the “Exclusive Share Purchase Agreement”), has issued a written notice to the Borrower to purchase the shares in the Pictures Company held by the Borrower and has exercised such option (such acts are not deemed to be completed until relevant registrations with the industry and commerce administrative authorities are completed).
Term of the Loan. (a) Unless the Loan is otherwise earlier accelerated as permitted herein or under any other Loan Document, all principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Original Maturity Date, subject to the Extension Option. The terms and provisions of this Section 4.3 (and any extension of the Original Maturity Date pursuant hereto) shall not constitute a waiver of the requirement that any modification of the Note or any of the Loan Documents shall require the express written approval of Agent, no such approval (either expressed or implied) having been given as of the date hereof (other than as expressly set forth herein). The Extension Option shall automatically expire and terminate, and shall thereafter be null and void, if Borrowers do not duly elect such Extension Option expressly in accordance therewith.
(b) Borrowers shall have the right to extend the Original Maturity Date through the Extended Maturity Date (“Extension Option”) provided that Borrowers satisfy the following conditions precedent:
(i) The delivery by Borrowers to Agent not less than thirty (30) days prior to the Original Maturity Date (but not more than ninety (90) days prior to such Original Maturity Date) of written notice of Borrower’s election to exercise the extension of the Original Maturity Date (which notice shall also represent and warrant that as of the date thereof there shall exist no uncured Event of Default or any event which, with the passage of time or the giving of notice, would constitute an Event of Default;
(ii) As of the Original Maturity Date, there shall exist no uncured Event of Default or any event which, with the passage of time or the giving of notice, would constitute an Event of Default;
(iii) Borrowers shall, on the Original Maturity Date, pay to Agent, for the benefit of the Lenders, of an extension fee in an amount equal to the product of twenty-five basis points (0.25%) times the Loan Amount;
(iv) Each Project other than the Mesa Vista Project must maintain a minimum occupancy of 85% determined on a quarterly basis for each quarter during the period from the Original Maturity Date through the Extended Maturity Date; and
(v) Borrowers shall pay all reasonable expenses not to exceed $5,000.00, including (without limitation) reasonable attorneys’ fees and legal expenses, incurred by Agent in connection with determining whether the conditions set forth in this Agreement are fully satisfied and the resulting gr...
Term of the Loan. 5.1 On the Final Maturity Date, the Borrower shall repay in full the outstanding principal amount of the Loan, plus accrued and unpaid and payable thereon.
5.2 If the Lender elects to purchase, redeem, prepay or defease any Notes (including, without limitation, through any optional redemption, open market purchase or tender offer), the Borrower shall prepay the Loan in an amount equal to the aggregate principal amount of Notes purchased, redeemed, prepaid or defeased, plus the Applicable Premium payable thereon or any other premium payable thereon, plus accrued and unpaid interest thereon. Lender agrees to notify the Borrower as soon as reasonably practicable after the announcement of any purchase, redemption, prepayment or defeasance of the Notes and of the date such transaction shall occur, and Borrower’s prepayment under this clause 5.2 shall be made by such date.
5.3 In the event any principal amount of the Notes is required to be purchased, redeemed, prepaid or defeased (whether at maturity, upon acceleration, at the election of any holder of Notes or otherwise) in accordance with the terms and conditions of the Indenture, the Borrower shall prepay the Loan in an amount equal to the aggregate principal amount of Notes to be purchased, redeemed, prepaid or defeased, plus any premium payable thereon, plus accrued and unpaid interest thereon. Any prepayment required to be made under this clause 5.3 shall be made by the date on which the Lender is required to make the corresponding purchase, redemption, prepayment or defeasance under the Indenture. The Lender agrees to notify the Borrower of any purchase, redemption, prepayment or defeasance under the Indenture as soon as reasonably practicable after the date upon which it becomes aware of any such requirement to purchase, redeem, prepay or defease.
5.4 Upon the occurrence of a Bankruptcy Event, the Borrower shall prepay the Loan in full, together with all amounts (including, without limitation, interest) owing by the Borrower under this Agreement. If, following a Bankruptcy Event, any cash or other property of the Borrower (or any reorganized debtor) is distributed to the Lender on account of the Loan (whether interim payments in respect of adequate protection, distributions under a plan of reorganization or otherwise), the outstanding principal amount of the Loan shall be reduced on a dollar-for-dollar basis by the amount of such cash or fair market value of such property.
5.5 The Borrower may not prepa...
Term of the Loan. The term of the Loan starts from the date on which the Loan was provided until ten (10) years thereafter. Should any Borrower not be able to repay the Loan in compliance with Article 1.4 of this Agreement due to the restrictions under applicable laws upon the expiry of the term, the term of the Loan shall be extended automatically until such time when the applicable laws permit the repayment in such mode and the Lender agrees to accept the repayment by the Borrowers in accordance with the mode of payment set forth in Article 1.4 herein. Except as provided in Article 1.5 herein, the Borrowers may not request to repay the Loan before the due date.
Term of the Loan the term of the loan shall commence on the execution date of this Agreement and expire on the day when Party B has completed its obligations in a way specified in Article 9 hereof.
