Common Contracts
2 similar Loan Agreement contracts by SolarMax Technology, Inc.
Loan AgreementLoan Agreement • December 24th, 2018 • SolarMax Technology, Inc. • Retail-building materials, hardware, garden supply
THIS LOAN AGREEMENT, made 24th of October, 2016, by and between Solarmax Technology, Inc. ("Borrower") and China Everbright Bank ("Lender"). Lender shall lend to Borrower the amount of RMB 38.5million (RMB 38,500,000.00) (the "Loan"). The Loan shall be funded immediately upon the full execution hereof, by wire transfer, certified check, or cash, as determined in the sole discretion of the Borrower. The interest rate on the outstanding and unpaid principal amount of the Loan shall be four percent (3.8%) simple interest, as calculated on an annual basis assuming a 365-day year. The term of the Loan shall be twelve (12) months in length, beginning on 24th of October, 2016, and concluding on 24th of October, 2017, (the "Term").The entire outstanding and unpaid principal amount of the Loan and penalties thereon, shall be due and payable at the end of the Term. Under this contract, the interest shall be settled by quarter, expiry date for interest is at 20th of each quarter. As security for
Loan AgreementLoan Agreement • November 14th, 2016 • SolarMax Technology, Inc. • Retail-building materials, hardware, garden supply
THIS LOAN AGREEMENT, made 24th of October, 2016, by and between Solarmax Technology, Inc. ("Borrower") and China Everbright Bank ("Lender"). Lender shall lend to Borrower the amount of RMB 38.5million (RMB 38,500,000.00) (the "Loan"). The Loan shall be funded immediately upon the full execution hereof, by wire transfer, certified check, or cash, as determined in the sole discretion of the Borrower. The interest rate on the outstanding and unpaid principal amount of the Loan shall be four percent (3.8%) simple interest, as calculated on an annual basis assuming a 365-day year. The term of the Loan shall be twelve (12) months in length, beginning on 24th of October, 2016, and concluding on 24th of October, 2017, (the "Term").The entire outstanding and unpaid principal amount of the Loan and penalties thereon, shall be due and payable at the end of the Term. Under this contract, the interest shall be settled by quarter, expiry date for interest is at 20th of each quarter. As security for
