Use of Loan. 3.1 The borrower shall use the long-term loan for purchasing [·]% of shares of [VIE] and any other application of this long-term loan shall obtain earlier written consent from Sina Company. 3.2 During the life of loan, the borrower shall neither transfer partial or all its shares of [VIE] to any third party nor set any security against such shares without prior approval given by Sina Company in written form.
Appears in 3 contracts
Sources: Loan Agreement (Sina Corp), Loan Agreement (Sina Corp), Loan Agreement (Sina Corp)
Use of Loan. 3.1 The borrower shall use the long-term loan for purchasing [·]% Ÿ]% of shares of [VIE] and any other application of this long-term loan shall obtain earlier written consent from Sina Company.
3.2 During the life of loan, the borrower shall neither transfer partial or all its shares of [VIE] to any third party nor set any security against such shares without prior approval given by Sina Company in written form.
Appears in 2 contracts
Sources: Loan Agreement (Sina Corp), Loan Agreement (Sina Corp)
Use of Loan. 3.1 The borrower shall use the long-term loan for purchasing [·]% z% of shares of [VIE] AAA and any other application of this long-term loan shall obtain earlier written consent from Sina Company.
3.2 During the life of loan, the borrower shall neither transfer partial or all its shares of [VIE] AAA to any third party nor set any security against such shares without prior approval given by Sina Company in written form.
Appears in 1 contract
Sources: Loan Agreement (Sina Corp)