Common use of Loan Extension Clause in Contracts

Loan Extension. Where Party B is unable to repay loans hereunder and needs extension, it shall submit a written application to Party A one month before expiration hereof. If Party A examines and approves the extension, both parties will sign an extension agreement. If Party A does not approve the extension, this agreement shall remain effective. The loans used and interest payable by Party B shall be repaid according to this agreement.

Loan Extension. Where If Party B is unable requests a loan extension because of its failure to repay loans make repayment of any loan hereunder and needs extensionon time, it shall submit a written application to Party A one month before the expiration hereofof the relevant loan. If Party A examines and approves the grants an extension, both parties will Party A and Party B shall sign an a separate extension agreement. If Party A does not approve the refuses to grant an extension, this agreement shall remain effective. The loans the loan already used and interest payable by Party B and the interest payable thereon shall still be repaid according pursuant to this agreementAgreement and corresponding certificate of indebtedness or the records in Party A's system.

Loan Extension. Where If Party B is unable fails to repay loans hereunder the loan under this contract and needs asks for loan extension, it shall should submit a written application to Party A one month before the expiration hereofof this contract. If Party A examines and approves agrees to the loan extension, both parties will shall sign an the loan extension agreementagreement separately. If Party A does not approve doesn’t agree to the loan extension, this agreement contract shall remain effectivestill be in force. The loans used and interest payable by Party B shall be repaid repay the loan funds it has already taken up and the interest payable according to the stipulations in this agreementcontract.

Loan Extension. Where Party B is unable to repay loans hereunder and needs extension, it shall submit a written application to Party A one month before expiration hereof. If Party A fails to repay the loan under this contract and requires an extension, its written application shall be submitted to Party B 30 business days prior to the loan maturity date and after Party B examines and approves the extensionconsents, both parties will can sign an the loan extension agreement. If Party A does not approve the extensionB disagrees, this agreement shall remain effective. The loans used and interest payable by Party B shall be repaid according to this agreementcontract remains valid.

Loan Extension. Where If Party B is unable to repay loans the loan hereunder on time and needs extensionto extend the loan, it shall submit a written application to Party A one month before the expiration hereofof the relevant loan. If Party A examines agrees to extend the loan, Party A and approves the extension, both parties will Party B shall sign an a separate extension agreement. If Party A does not approve agree with the extension, this agreement shall remain effective. The loans the loan having been used and interest payable by Party B and the interest payable thereto shall still be repaid according to in accordance with this agreementAgreement and the corresponding borrowing documents or the records on Party A's system.

Loan Extension. Where If Party B is unable to repay loans hereunder the loan at its due date and needs extensionto extend the loan, it shall Party B must submit a written application to Party A at least one month before expiration hereof. If Party A examines and approves prior to the extensiondue date for approval and, both if approved, the two parties will sign an enter into a loan extension agreement. If Party A does not approve the extension, this agreement shall remain effective. The loans used and interest payable by Party B shall be repaid according to this agreement.

Loan Extension. Where Party B is unable to repay loans hereunder and needs extension, it shall submit a written application to Party A one month before expiration hereof. If Party A examines and approves the extension, both parties will sign an extension agreement. If Party A does not approve the extension, this agreement Agreement shall remain effective. The loans used and interest payable by Party B shall be repaid according to this agreementAgreement and the loan receipt.