Onshore Loan definition

Onshore Loan means the entrusted loan in the principal amount of the RMB Equivalent of $4,950,000 granted pursuant to an entrusted loan agreement entered into by and among China The9 Interactive (Shanghai) Ltd. (九城互动信息技术（上海）有限公司), The9 Computer Technology Consulting (Shanghai) Co., Ltd. (第九城市计算机技术咨询（上海）有限公司), Shanghai The9 Information Technology Co., Ltd. (上海第九城市信息技术有限公司) and [name of onshore bank].
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Onshore Loan has the meaning ascribed to it in the Recitals.
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Onshore Loan has the meaning ascribed to such term in Section 9.15.
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Examples of Onshore Loan in a sentence

  • The Onshore Loan Facility will be mainly used for refinancing the existing banking facility of the Onshore Borrower and repayment of inter-company loans, and also as general working capital for the daily operation of the Onshore Borrower.

  • The tenor of the Onshore Loan Facility shall be 5 years commencing from the first drawdown date of the Onshore Loan Facility, or up to the maturity date of the Offshore Loan Facility (as defined below), whichever is later.

  • DEFINITIONSRecord: A record of information in any form includes books, documents, maps, drawings, photographs, letters, vouchers and papers and other information that is written, photographed, recorded or stored in any manner but does not include software or any mechanism that produces records.

  • If any of the undertakings as stipulated in the Onshore Loan Agreement are not performed by the Onshore Borrower, it will constitute an event of default and the occurrence of which, if not being remedied by the Onshore Borrower within the period as allowed by the Onshore Lender, would render the Onshore Lender having the right to declare the Onshore Loan Facility to be immediately due and payable.

  • On the Completion Date, the Purchaser shall repay part of the Onshore Loans as per Onshore Loan Banks’ request pursuant to the Sale and Purchase Agreement and the Vendor shall bear all the expenses in connection with such repayment of the Onshore Loans (if any).

  • In addition, pursuant to the terms of the Sale and Purchase Agreement B, the Purchaser shall repay the Offshore Loan B and the Onshore Loan B together with relevant interests.

  • The New Onshore Loan requires majority lender’s consent from the lenders under the Existing Onshore Loan, which is expected to be obtained prior to Completion.Pursuant to a commitment letter entered into with the New Onshore Lender, the New Onshore Facility will be an amortized term facility of up to RMB300 million with minimum repayment semi-annually and its final maturity date will occur on a day that falls 3 years from the date of the New Onshore Facility agreement.

  • PNM shall fully indemnify the loss of the Purchaser or the Purchaser’s Designee (not exceeding the amount of the Onshore Loan), if WFOE does not deliver such written waiver which causes the Purchaser or the Purchaser’s Designee to bear the relevant repayment obligation.

  • As explained in the section headed “Arrangement in respect of Onshore Sale Shares after Completion” below, such amount is to facilitate the replacement of the loan previously granted by WFOE to Mr. Chen as PNM’s nominee with the Onshore Loan after the Disposal, and will not be received by the Group as actual consideration in addition to the US$448 million.

  • As at 19 August 2016, the amount of the 70% Onshore Loan is RMB130,900,000 (approximately S$26,664,330).


More Definitions of Onshore Loan

Onshore Loan means any Renminbi denominated financing agreement entered into between a PRC Subsidiary and one or more financial institutions established in the PRC;
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Related to Onshore Loan

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Ineligible Loan Each Loan other than an Eligible Loan.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Discount Mortgage Loan Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Defective Mortgage Loan Any Mortgage Loan which is required to be repurchased pursuant to Section 2.02 or 2.03.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.