Common use of THE LENDERS' COMMITMENTS Clause in Contracts

THE LENDERS' COMMITMENTS. 16.1. The Lender will provide the Borrower reasonable reserve loan in the construction period and circulating fund loan in the operation period. 16.2. The Lender shall conform to the international practice and general practice followed by foreign banks to raise funds overseas and strive for better condition for loans in accordance with the financing plan agreed by the both parties through negotiations. 16.3. The Lender shall conform to the change and tendency of the international financing market, try its best to provide financing services such as restructuring of debt, and try hard to save interest and expenses and to reduce the cost of fund for the Borrower. 16.4. If the Borrower applies for an extension of the loan, the Lender will try its best to negotiate with the Foreign Lending Bank. If the Foreign Lending Bank agrees to the extension, the Lender will handle the extension formalities for the Borrower in time. 16.5. If the fund transfer is delayed in withdrawal and repayment on account of the Lender's responsibility, the Lender shall undertake the corresponding responsibility. 16.6. The Lender shall keep confidential of all the documents, data and business information which are provided by the Borrower and marked with "Confidential".

THE LENDERS' COMMITMENTS. 16.1. The Lender will provide the Borrower reasonable reserve loan in the construction period and circulating fund loan in the operation period. 16.2. The Lender shall conform to the international practice and general practice followed by foreign banks to raise funds overseas and strive for better condition for loans in accordance with the financing plan agreed accepted by the both parties through negotiations. 16.3. The Lender shall conform to the change and tendency trend of the international financing market, try its best to provide financing services such as restructuring of debt, and try hard to save interest and expenses and to reduce the cost of fund for the Borrower. 16.4. If the Borrower applies for an extension of the loan, the Lender will try its best to negotiate with the Foreign Lending Bank. If the Foreign Lending Bank agrees to the extension, the Lender will handle the extension formalities for the Borrower in time. 16.5. If the fund transfer is delayed in withdrawal and repayment on account of the Lender's responsibility, the Lender shall undertake the corresponding responsibility. 16.6. The Lender shall keep confidential of all the documents, data and business information which are provided by the Borrower and marked with the word "Confidential".