Examples of Inventory Loan Documents in a sentence
In the event Lender approves such new borrowing entity as the borrower hereunder and under the Inventory Loan, this Agreement, the other Loan Documents, the Inventory Loan Agreement and the other Inventory Loan Documents shall be modified in a reasonable manner in order to reflect the assumption by such new borrowing entity of the Loan and the Inventory Loan, at the sole cost and expense of Borrower.
No delay or omission by Lender in exercising any right or remedy under the Loan Documents or Inventory Loan Documents shall impair such right or remedy or be construed as a waiver thereof or an acquiescence therein, nor shall any single or partial exercise of any such right or remedy preclude other or further exercises thereof, or the exercise of any other right or remedy under the Loan Documents, Inventory Loan Documents or otherwise.
Obligations outstanding under the Receivables Loan or the Inventory Loan or made in respect of Receivables Collateral or Inventory Collateral pledged by Borrower pursuant to the Receivables Loan or the Inventory Loan (inclusive of obligations which have been paid in full but pursuant to which Lender maintains existing Receivables Collateral or Inventory Collateral) and all Loan Documents and Inventory Loan Documents, are and shall be cross-collateralized and cross-defaulted with each other.
To the extent permitted by applicable law, Borrower hereby waives setoff, counterclaim, demand, presentment, protest, all defenses with respect to any and all instruments and all notices and demands of any description, and the pleading of any statute of limitations as a defense to any demand under this Agreement and any other Loan Document and Inventory Loan Documents.
Under no circumstances shall any Person whomsoever (other than the parties to this Agreement and their respective permitted successors and assigns) be deemed a beneficiary of the terms, conditions, covenants and agreements contained in this Agreement or any other Inventory Loan Documents or Loan Documents.
Any excess amounts so funded by Lender shall be evidenced by the Inventory Loan Promissory Note and this Agreement, and by all Inventory Loan Documents, and secured by all Inventory Collateral.
This Agreement and the documents which collectively constitute the Inventory Loan Documents, when executed and delivered to Lender, will constitute the legal, valid and binding obligations of respective signatories thereto enforceable against Borrower in accordance with their respective terms.
Borrower agrees that in determining whether or not any interest payment under the Inventory Loan Documents exceeds the Maximum Rate, any non-principal payment (except payments specifically described in the Inventory Loan Documents as “interest”) including without limitation, prepayment fees and late charges, shall to the maximum extent not prohibited by law, be an expense, fee, premium or penalty rather than interest.
Borrower’s failure to make, as and when due, and payable pursuant to the terms of this Agreement or any Inventory Loan Documents, any payment or mandatory prepayment of principal, interest or other fees or amounts with respect to the Inventory Loan.
In 2016, revenue from the sales of new automobiles amounted to approximately RMB27,042 million, representing an increase of approximately 6.9% as compared to the corresponding year.