Amendment and Extension (Prolongation) of the Loan Agreement Sample Clauses

Amendment and Extension (Prolongation) of the Loan Agreement. The prolongation (extension) of the Consumer Loan Agreement, meaning changes in the time limits for the fulfilment of obligations to repay the loan amount, is possible only by signing by the Borrower and the Lender an additional agreement to the Individual Terms and Conditions of the Consumer Loan Agreement. The Lender shall resolve individually in relation to each borrower, subject to payment of interest on the loan under the current agreement in full. The Company has the right to refuse to extend the loan term. In order to amend and extend (prolong) the Agreement, the Borrower shall be entitled to express their will by signing an additional agreement in writing or by performing implicative actions by the Borrower using the special facilities that make it possible to unambiguously identify the Borrower and to determine their will, unless another identification procedure is prescribed by the Individual Terms and Conditions and/or the Law. The procedure for prolongation (extension) of the Consumer Loan Agreement is established by these General Terms and Conditions. The maximum number of additional agreements to the Consumer Loan Agreement, the conclusion of which leads to an increase in the period for the repayment of funds under such Agreement, with one Borrower may not be more than five (5) within one (1) year, if the Borrower is an individual, and the loan repayment period stipulated by such Agreement upon its conclusion does not exceed thirty (30) calendar days. The maximum number of additional agreements to the Consumer Loan Agreement, the conclusion of which leads to an increase in the period for the repayment of funds under such Agreement, with one Borrower shall not include additional agreements that increase the period for the repayment of funds by up to two (2) calendar days inclusive, as well as agreements concluded between the Company and the Borrower in the event of a resolution on the Borrower’s debt restructuring, if the interest rate for the use of the loan stated in the above additional agreement as compared to the terms and conditions of the said agreement applicable at the time of signing of such additional agreement is reduced, and (or) the total debt amount under the Consumer Loan Agreement is reduced. The Borrower can apply for the extension of the Loan Agreement in any separate unit of the Company or through the personal account on the official website of the Company.
Sample 1
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Related to Amendment and Extension (Prolongation) of the Loan Agreement

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Amendment of the Agreement The Agreement is hereby amended as follows:

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Modification and Amendment This Contract may be modified only by a written amendment executed by all parties hereto and approved by the appropriate officials.

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendment and Waiver The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement.

  • Waiver and Amendment Any provision of this Note may be amended, waived or modified upon the written consent of the Company and the Holder.

  • Amendment and Waivers Any term or provision of this Agreement may be amended, and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a writing signed by the party to be bound thereby. The waiver by a party of any breach hereof for default in payment of any amount due hereunder or default in the performance hereof shall not be deemed to constitute a waiver of any other default or any succeeding breach or default.

  • RENEWAL, AMENDMENT AND TERMINATION (a) This Agreement shall become effective on the date first written above and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually (i) by the vote of a majority of the Trustees who are not interested persons of the Portfolio or the Investment Adviser, cast in person at a meeting called for the purpose of voting on such approval and by a vote of the Board of Trustees or (ii) by the vote of a majority of the outstanding voting securities of the Portfolio. The aforesaid provision that this Agreement may be continued "annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder.

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