Loan Usage. 2.1. The Borrowers may only apply the Loans hereunder towards further investment in the Domestic Company. The registered capital of the Domestic Company will be increased to Renminbi Sixty-Five Million (RMB65,000,000.00), Renminbi Fifty-Eight Million and Five Hundred Thousand (RMB58,500,000.00) and Renminbi Six Million and Five Hundred Thousand (RMB6,500,000.00) of which shall be contributed by ▇▇▇▇ ▇▇ and ▇▇▇▇▇ ▇▇▇, respectively. Without prior written consent of the Lender, the Borrowers shall not apply any Loan for any other purpose.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (Alibaba Group Holding LTD)