THE FOURTH TO THE FIFTH EXTENSIONS OF SXN LOAN AGREEMENT Background Sample Clauses

THE FOURTH TO THE FIFTH EXTENSIONS OF SXN LOAN AGREEMENT Background. On 15 March 2019, the Company as a lender and Borrower SXN entered into the SXN Loan Agreement pursuant to which the Company agreed to provide Borrower SXN a loan in the principal amount of HK$8,000,000 for 3 months at an interest rate of 6% per annum and Borrower SXN agreed to repay the principal amount and the accrued interests due and payable in full on 15 June 2019 to the Company. The loans advanced to Borrower SXN under the SXN Loan Agreement were financed by internal resources of the Company. On 15 June 2019, the Company and Borrower SXN entered into the First SXN Loan Extension Agreement pursuant to which the Company agreed to extend the repayment date of any outstanding amount under the SXN Loan Agreement to 15 September 2019. Save as aforesaid, all the material terms and conditions of the SXN Loan Agreement shall remain in full force and effect. On 15 September 2019, the Company and Borrower SXN entered into the Second SXN Loan Extension Agreement pursuant to which the Company agreed to extend the repayment date of any outstanding amount under the SXN Loan Agreement to 15 December 2019. Save as aforesaid, all the material terms and conditions of the SXN Loan Agreement (as amended and supplemented by the First SXN Loan Extension Agreement) shall remain in full force and effect. On 27 November 2019, the Company and Borrower SXN entered into the Third SXN Loan Extension Agreement pursuant to which the Company agreed to extend the repayment date of any outstanding amount under the SXN Loan Agreement to 27 May 2020. Save as aforesaid, all the material terms and conditions of the SXN Loan Agreement (as amended and supplemented by the First SXN Loan Extension Agreement and the Second SXN Loan Extension Agreement) shall remain in full force and effect.
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Related to THE FOURTH TO THE FIFTH EXTENSIONS OF SXN LOAN AGREEMENT Background

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  • Loan Agreement This Agreement duly executed by Borrower and Lender.

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  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Amendment and Waiver The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement.

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