Common use of Term of the Loan Clause in Contracts

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 starts from the date on which the Loan was provided until ten (10) [specify number] 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 starts from the date on which the Loan was provided until ten (10) 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.