Common use of Term of the Loan Clause in Contracts

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).

Appears in 2 contracts

Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)

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Term of the Loan. 2.1 The term of the loan under this Agreement shall begin from August 30July 27, 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 Borrowersborrowers, 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 Cinema 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 30July 27, 2017 (the “Exclusive Share Purchase Agreement”), has issued a written notice to the Borrower to purchase the shares in the Pictures Cinema 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).

Appears in 2 contracts

Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)

Term of the Loan. 2.1 The term of the loan under this Agreement shall begin from August 30December 12, 2017 2012 to ten (10) 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 such 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 business of designing, making, handling and publishing advertisements and other businesses conducted by iQiyi, and the LenderXxxx.xxx, Inc., in accordance with the provisions of the Exclusive Share Purchase Option Agreement executed by the Lender and that it entered into with the Borrower on August 30October 25, 2017 2013 (the “Exclusive Share Purchase Option Agreement”), has issued a written notice to the Borrower to purchase the shares in the Pictures Company iQiyi 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)option.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (iQIYI, Inc.)

Term of the Loan. 2.1 2.1. The term of the loan under this Agreement shall begin from August 30January 29, 2017 to ten years after 2024 until the execution of this Agreement Lender demand for repayment in written (“Term of the Loan”); the Term of the Loan may be extended upon is indefinite, until the Lender’s Lender send a written confirmation; repayment notice to the extended term shall be determined by the LenderBorrower. 2.2 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 (but not obliged) 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 CompanyiQIYI Yinhua’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 30January 29, 2017 2024 (the “Exclusive Share Purchase Agreement”), has issued a written notice to the Borrower to purchase the shares in the Pictures Company iQIYI Yinhua 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).

Appears in 2 contracts

Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)

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Term of the Loan. 2.1 The term of the loan under this Agreement shall begin from August 30January 14, 2017 2014 to ten (10) 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 business of designing, making, handling and publishing advertisements and other businesses conducted by Xxxxx Xxxx, and the LenderXxxx.xxx, Inc., in accordance with the provisions of the Exclusive Share Purchase Option Agreement executed by the Lender and that it entered into with the Borrower on August 30January 14, 2017 2014 (the “Exclusive Share Purchase Option Agreement”), has issued a written notice to the Borrower to purchase the shares in the Pictures Company Xxxxx Xxxx 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)option.

Appears in 1 contract

Samples: Loan Agreement (iQIYI, Inc.)

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