Loan Description Clause Samples

Loan Description a. Subject to the terms and conditions of this Agreement, Lender hereby establishes for the benefit of Borrower a credit facility (collectively, the “Loan”) which shall include cash Advances extended by Lender to or for the benefit of Borrower from time to time hereunder. The aggregate principal amount of unpaid cash Advances shall not at any time exceed the Maximum Loan Amount. Subject to such limitation, the outstanding balance of Advances under the Loan may be increased by future Advances which may be made by Lender, to or for the benefit of Borrower, and, subject to the provisions of Section 8 below, shall be due and payable on the Loan Maturity Date. If the aggregate principal amount of unpaid cash Advances at any time exceeds the Maximum Loan Amount (such excess referred to as “Overadvance”), Borrower, upon notice of such Overadvance from Lender to Borrower, shall repay the Overadvance in full within three (3)

Loan Description. As of the related Loan Purchase Date, the Daily Report delivered or transmitted pursuant to SUBSECTION 2.01(B) sets forth in all material respects a complete listing of all Purchased Loans, aggregated by Obligor, to be sold to the Trust on the related Loan Purchase Date and the information contained therein in accordance with Schedule 1 with respect to each such Purchased Loan is true and correct (except for any errors or omissions that do not result in material impairment of the interests, rights or remedies of the Trustee or the Investor Certificateholders with respect to any Purchased Loan) as of the related Loan Purchase Date.

Loan Description. The Type: Loan Short Term Loan Type: Fixed term The Currency: RMB The Amount: 10,000,000 The Issue Date: July 20, 2007 The Maturity Date: July 19, 2008 The Interest Rate: 6.57% (1) Interest Rate Paid Terms: Monthly Late Paid Penalty Rate: 8.54% Divert Penalty Rate: 13.14% __________________

Loan Description. 6 2.1 Amount of Loan...................................................................7 2.2 Nature and Duration of Loan......................................................7 2.3

Loan Description. This Amendment Agreement (“Amendment”) relates to that certain loan obligation or credit facility (“Loan”) described at the beginning of this Amendment and evidenced by certain documents and instruments, which may include a promissory note or notes, credit agreement and/or other similar instrument or agreement, together with all other documents and instruments executed in connection with or relating to the Loan or any collateral security for the Loan (as the same may have been or may be amended, modified or supplemented from time to time, including, without limitation, if the Loan is evidenced by a controlling credit agreement together with separate promissory notes evidencing each draw, such separate promissory notes related to such Loan executed on or after the date hereof) (individually a “Loan Document” and collectively, the “Loan Documents”).

Loan Description. 4 2.1 Commitment..............................................................4 2.2 Borrowing Procedures....................................................4 2.3 Conditions to Each Loan.................................................5 2.4 Note....................................................................5 2.5 Due Date................................................................5 2.6 Prepayments.............................................................5

Loan Description