Loan Restructuring. 7.1 In case Party A fails to return due loan on schedule, it shall put forward written application of loan restructuring to Party B one month before due date of loan. If Party B agrees on Party A’s application, both parties shall sign agreement of loan restructuring. In case Party B does not agree, Party A shall repay due loan by the time agreed in this agreement. Otherwise, Party B has right to deal with this loan as past due loan.
Appears in 2 contracts
Sources: Working Capital Loan Contract (Kingold Jewelry, Inc.), Working Capital Loan Contract (Kingold Jewelry, Inc.)