Common use of Amount and Term Clause in Contracts

Amount and Term. 2.1 The amount of the loan shall be RMB5 million. 2.2 The term of the loan shall be 12 months from next withdrawal date. 2.3 The withdraw date for each withdrawal transaction shall be the date on which the money is transferred into the loan account. The due date shall be the repayment date stipulated by the loan receipt. In case of installment repayment, the due date shall be stipulated by this agreement or determined by the repayment execution plan made by the lender and the borrower. No due date of any withdrawal transaction shall exceed the term of the loan stipulated by this agreement.