Common use of Terms of Repayment of Loan Clause in Contracts

Terms of Repayment of Loan. As long as permitted by Chinese laws, the Borrower shall pay the Loan by transferring the Borrower’s shareholding in Sogou Information to the Lender or to the third party designated by the Lender on the date of maturity of the Loan. After completion of the share transfer to the Lender or the third party designated by the Lender, the Borrower will no longer bear the payment obligation hereunder.

Appears in 5 contracts

Samples: Loan Agreement (Sogou Inc.), Loan Agreement (Sogou Inc.), Loan Agreement (Sohu Com Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!