Common use of Repayment of the Loan Clause in Contracts

Repayment of the Loan. 3.1 The Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in iQiyi to the Lender and/or its designated persons, and repay the loan hereunder by the proceeds received from the transfer.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (iQIYI, Inc.)

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Repayment of the Loan. 3.1 The Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes duedue or any event under Article 2.2 of this Agreement occurs, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in iQiyi the Pictures Company to the Lender and/or its designated personsentities, and repay the loan hereunder by the proceeds received from the transfer.

Appears in 2 contracts

Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)

Repayment of the Loan. 3.1 The Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes duedue or any event under Article 2.2 of this Agreement occurs, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in iQiyi the Cinema Company to the Lender and/or its designated personsentities, and repay the loan hereunder by the proceeds received from the transfer.

Appears in 2 contracts

Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)

Repayment of the Loan. 3.1 The 3.1. Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes duedue or any event under Article 2.2 of this Agreement occurs, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in iQiyi the iQIYI Yinhua to the Lender and/or its designated personsentities, and repay the loan hereunder by the proceeds received from the transfer.

Appears in 2 contracts

Samples: Loan Agreement (iQIYI, Inc.), Loan Agreement (iQIYI, Inc.)

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Repayment of the Loan. 3.1 The Both Parties hereby agree and confirm that the Borrower must and may only repay the loan in the manner as follows: when the loan hereof becomes due, the Borrower (or his/her successors, heirs or assigns) shall at the request of the written notice by the Lender, subject to the provisions of the laws of China, transfer all his/her shares in iQiyi Xxxxx Xxxx to the Lender and/or its designated persons, and repay the loan hereunder by the proceeds received from the transfer.

Appears in 1 contract

Samples: Loan Agreement (iQIYI, Inc.)

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