Examples of Loan Extension Agreement in a sentence
The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan Extension Agreement.
In July 2018, the Company entered into a Mortgage Loan Extension Agreement to extend the mortgage.
This Agreement shall be governed in accordance with the terms and provisions of Section 25 and Section 26 of the Original Loan Agreement, except, for purposes of this Agreement, references to “Loan Agreement” shall be deemed to refer to the Original Loan Agreement as modified by the First Loan Extension Agreement and the Second Loan Extension Agreement and as further modified by this Agreement.
Any such extension (an “Extension”) agreed to between the Borrower and any such Lender (an “Extending Lender”) will be established under this Agreement pursuant to a Loan Extension Agreement (any such extended Term Loan, an “Extended Term Loan” and any such extended Revolving Credit Commitment, an “Extended Revolving Credit Commitment”).
Pursuant to the Original Entrusted Loan Agreement (as supplemented by the First Entrusted Loan Extension Agreement), the Entrusted Loan shall be repaid on or before 26 September 2015.
Therefore, the transaction contemplated under the Loan Extension Agreement and the New Share Charge Agreement constitutes a connected transaction for the Company under Chapter 14A of the Listing Rules.
Accordingly, the Lender, the Borrower and the Bank entered into the Second Entrusted Loan Extension Agreement on 25 September 2015 (after trading hours) to extend the maturity date of the Entrusted Loan in an amount of RMB143.9 million (equivalent to approximately HK$172.7 million) for a further term of six months from 26 September 2015 to 25 March 2016.
The terms of the Loan Extension Agreement, including the applicable interest rate, are entered into after arm’s length negotiations between the parties and taking into account, among others, the prevailing market interest rates and practices.
The Agent shall promptly notify each Lender as to the effectiveness of each Term Loan Extension Agreement.
The CH Loan is current, not in default and no amendments or modifications to the CH Loan have been made or entered into other than or subsequent to the Second Loan Extension Agreement.