Common use of Repayment of Principal and Interest Clause in Contracts

Repayment of Principal and Interest. VII. The Borrower shall repay the principal together with the accrued interest under this Contract in full when due in accordance with this Contract. VIII. The Borrower and the Lender acknowledge that the interest of loans calculated in accordance with Section VI of this Contract shall be paid by the Borrower to the Lender on the last day of each quarter on a quarterly basis within the term of loans, while the last installment of interest may be paid together with the principal on the same day when the principal is repaid. IX. The Borrower and the Lender agree that in case of significant change in the Borrower’s shareholding structure, the Lender shall have the right to ask the Borrower to repay the loans in advance. The Borrower must repay the principal of loans which are actually used and the accrued interest in full within the time limit required by the Lender.