Common use of Interest of the Loan Clause in Contracts

Interest of the Loan. In the event when the Borrower transfer its equity in the Borrower’s Company to the Lender or the person designated by the Lender, the loan hereunder shall be deemed as the loan without interest, if the transfer price of such equity equals to or is less than the principal under this Agreement. However, in case that the transfer price exceeds the amount of principal hereunder, the exceeding amounts shall be deemed the interests of such loan under this Agreement and shall be paid to the Lender by the Borrower.

Interest of the Loan. In the event when the Borrower transfer its equity in the Borrower’s 's Company to the Lender or the person designated by the Lender, the loan hereunder shall be deemed as the loan without interest, if the transfer price of such equity equals to or is less than the principal under this Agreement. However, in case that the transfer price exceeds the amount of principal hereunder, the exceeding amounts shall be deemed the interests of such loan under this Agreement and shall be paid to the Lender by the Borrower.

Interest of the Loan. In the event when that the Borrower transfer transfers its equity in the Borrower’s 's Company to the Lender or the person designated by the Lender, the loan hereunder shall be deemed as the loan without to be an interest-free loan, if the transfer price of such equity equals is equivalent to or is less than the principal amount of the loan under this Agreement. However, in case that if the transfer price exceeds shall exceed the principal amount of principal the loan hereunder, the exceeding amounts amount in excess of the principal amount of the loan shall be deemed the interests of interest payable on such loan under this Agreement and Agreement, which shall be paid to the Lender by the Borrower.

Interest of the Loan. In the event when the Borrower transfer its equity in the Borrower’s Company to the Lender or the person designated by the Lender, the loan hereunder shall be deemed as the loan without interest, if the transfer price of such equity equals to or is less than the principal under this Agreement. However, in case that the transfer price exceeds the amount of principal hereunder, the exceeding excess amounts shall be deemed the interests of such loan under this Agreement and shall be paid to the Lender by the Borrower.

Interest of the Loan. In the event when the Borrower transfer its equity in the Borrower’s 's Company to the Lender or the person designated by the Lender, the loan hereunder shall be deemed as the loan without interest, if the transfer price of such equity equals to or is less than the principal under this Agreement. However, in case that the transfer price exceeds the amount of principal hereunder, the exceeding amounts shall be deemed the interests interest of such loan under this Agreement and shall be paid to the Lender by the Borrower.