[{"id":"bdf57c21-81a2-457d-83e0-f7cb756784f1","order":1,"text":"LOAN AGREEMENT","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9e95978f-81e3-4a23-b81c-2b85976906e0","order":2,"text":"(executed as a DEED)","fontSize":"14","textAlign":"center","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"aa9adfbd-c86b-4964-bdab-29f1a00c8dbd","order":3,"text":"THIS AGREEMENT is made on [Date of the Agreement] at [Place of signing].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"remove","operator":"="}]},{"id":"16009874-8e2a-4faa-9b50-680c4888b31f","order":4,"text":"THIS AGREEMENT, which the Parties intend to take effect as a DEED, is made on [Date of the Agreement] at [Place of signing].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"60ee1ca7-53c1-4d2e-9290-e5a4f189bc6a","order":5,"text":"BETWEEN:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5b192a99-e002-4414-b33a-8d80e067f08c","order":6,"text":"(1) [Full name of the Lender], holder of Hong Kong Identity Card or passport number [HKID or passport number], of [Residential address of the Lender] (the \"Lender\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c702d962-99d8-4dc5-bad8-18b9652a60b2","order":7,"text":"(2) [Full name of the Borrower], holder of Hong Kong Identity Card or passport number [HKID or passport number], of [Residential address of the Borrower] (the \"Borrower\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"de87a5b6-ff36-48da-81e0-e9b29b6f111b","order":8,"text":"(3) [Full name of the Guarantor], holder of Hong Kong Identity Card or passport number [HKID or passport number], of [Residential address of the Guarantor] (the \"Guarantor\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"1f6bddba-0cbf-418a-a9e7-38b1bf9aa470","order":9,"text":"The persons named above are together referred to as the \"Parties\" and each as a \"Party\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"3ef29385-457a-45ae-b7d5-c9ef7f2544d2","order":10,"text":"WHEREAS:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b8946a92-f503-4052-b721-2431635edafd","order":11,"text":"(A) The Lender has agreed to lend to the Borrower, and the Borrower has agreed to borrow from the Lender, the Principal Sum upon and subject to the terms and conditions set out below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"02a1c77d-de18-4b31-9d81-7b69355a7f47","order":12,"text":"(B) The Lender does not carry on, and does not hold himself or herself out as carrying on, the business of making loans. The Loan is a single private accommodation granted to the Borrower otherwise than in the course of any business of money lending, and the Lender is accordingly not a money lender within the meaning of the Money Lenders Ordinance (Cap. 163).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2aa62047-afa1-4758-ae2b-9be682446232","order":13,"text":"(C) The Guarantor, at the request of the Borrower and in consideration of the Lender making the Loan available, has agreed to guarantee the due and punctual performance of the Borrower's obligations under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"aa05ce88-deb2-400b-89f1-fb054715b36e","order":14,"text":"NOW IT IS HEREBY AGREED as follows:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b8325cca-8b0b-4fde-a8dc-3ccedb25f9fd","order":15,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S01"},{"id":"5e9402c1-ac2c-4ba2-9c94-ce344f865c2d","order":16,"text":"In this Agreement, unless the context otherwise requires, the following expressions have the following meanings.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f2da8b56-c9a1-43dd-a84f-056ef7c04195","order":17,"text":"\"Advance Date\" means the date on which the Principal Sum is handed over to the Borrower in accordance with the clause entitled \"Advance of the Loan\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5c273098-a9f3-4f7c-9e5e-f75ff38267a6","order":18,"text":"\"Business Day\" means a day, other than a Saturday, a Sunday or a general holiday in Hong Kong, on which licensed banks are generally open for business in Hong Kong.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"83b6a543-2c3e-4cfe-84d4-00a7aaeab86e","order":19,"text":"\"Default Interest\" means the interest payable by the Borrower under the clause entitled \"Consequences of Default\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b6526887-1da6-44f7-8b6b-e5e58e941c99","order":20,"text":"\"Due Date\" means, in relation to any sum payable under this Agreement, the date on which that sum falls due for payment in accordance with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3e165625-f75e-4e4d-bc5f-a9de0e674da6","order":21,"text":"\"Event of Default\" means any of the events or circumstances described in the clause entitled \"Events of Default\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c3588e10-a122-445e-ae48-38a8669d0d60","order":22,"text":"\"Guarantee\" means the guarantee and indemnity given by the Guarantor under the clause entitled \"Guarantee\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"dc5561b9-bd09-4b85-8317-5ae7d2986b18","order":23,"text":"\"HK$\" means Hong Kong dollars, the lawful currency of the Hong Kong Special Administrative Region.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7d01e88f-9cd1-4e70-9a52-d905f1f683d4","order":24,"text":"\"Loan\" means the loan of the Principal Sum made or to be made available by the Lender to the Borrower under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"81b89365-c770-4031-9313-034cf5e0d7ed","order":25,"text":"\"Outstanding Amount\" means, at any time, the aggregate of the principal of the Loan then outstanding, all interest then accrued and unpaid, all Default Interest and all other sums then due and payable by the Borrower under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"152b672f-111e-4ad8-8fe8-f39ff1203d04","order":26,"text":"\"Principal Sum\" means HK$[principal sum].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"836086e2-cdd5-43ad-985b-b2639e89e556","order":27,"text":"In this Agreement, unless the context otherwise requires: words importing the singular include the plural and the other way round; words importing one gender include every gender; a reference to a Party as \"it\" or \"its\" includes, where that Party is an individual, \"he\", \"she\", \"his\" and \"her\"; a reference to a person includes that person's personal representatives, successors and permitted assigns; a reference to any Ordinance includes that Ordinance as amended, consolidated or re-enacted from time to time; and the words \"include\", \"includes\" and \"including\" are to be read as if followed by the words \"without limitation\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f572ca1c-4dcd-43ec-9eac-a921a17a7ecb","order":28,"text":"The headings in this Agreement are inserted for convenience only and do not affect its construction. A reference in this Agreement to a provision of this Agreement is a reference to the clause bearing the title indicated, and not to any number that may appear before that title.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5d17a9b7-0d92-4c01-af3d-bb9aec65bb59","order":29,"text":"2. THE LOAN","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S02"},{"id":"22e8e58f-b2f2-454a-a9de-d2316ecdd8c9","order":30,"text":"In reliance upon the representations and warranties of the Borrower contained in this Agreement, the Lender agrees to lend to the Borrower, and the Borrower agrees to borrow from the Lender, the Principal Sum of HK$[principal sum] upon and subject to the terms of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b7e5d110-9263-4cae-b271-a36e7ce04c93","order":31,"text":"The Borrower shall apply the Loan solely for the purpose of [purpose of the Loan] and for no other purpose. The Borrower shall not, without the prior written consent of the Lender, apply the Loan or any part of it otherwise, and the Lender is not bound to monitor or to verify the application of the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2444fc16-2696-49d5-82b0-3848d6d1594a","order":32,"text":"The Loan is made to the Borrower in his or her personal capacity. The obligations of the Borrower under this Agreement are personal to the Borrower and are not, and shall not be treated as, obligations incurred in the course of any trade or business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d3805a47-8094-4709-8866-46521ff8f1e0","order":33,"text":"3. CONDITIONS PRECEDENT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S03"},{"id":"7f860048-76b8-4e1d-81d8-269dd062a664","order":34,"text":"The Lender is not obliged to advance the Principal Sum until the Lender has received this Agreement duly signed by every Party to it, together with a copy of the Hong Kong Identity Card or passport of the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c774630d-9b30-4bd0-887f-c7ba720c5333","order":35,"text":"The Lender is further not obliged to advance the Principal Sum until the Lender has received a copy of the Hong Kong Identity Card or passport of the Guarantor and this Agreement duly signed by the Guarantor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"a067ec65-0d95-4e96-83a4-282afbed2bd7","order":36,"text":"The Lender is further not obliged to advance the Principal Sum until the security document or documents contemplated by the clause entitled \"Security\" have been duly executed and delivered to the Lender, and every registration, filing or other step required to perfect that security has been effected or has been arranged so as to take effect immediately upon the advance.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"807ac416-8797-4c80-a05e-577c9896c045","order":37,"text":"This clause does not apply where the Principal Sum has already been handed over to the Borrower at the date of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f26c745b-d797-40d9-9db4-f76a3cbf8373","order":38,"text":"The Lender may at its discretion advance the Principal Sum before every requirement of this clause has been satisfied. Doing so is not a waiver of any of those requirements, which the Borrower shall satisfy promptly upon written request.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"37282d79-f96f-4788-898e-0d8c297c6d43","order":39,"text":"4. ADVANCE OF THE LOAN","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S04"},{"id":"c1e78024-74e7-4d46-972c-b4e0bb3d6135","order":40,"text":"The Lender shall advance to the Borrower, or where the Principal Sum has already been handed over at the date of this Agreement is deemed to have advanced to the Borrower, the Principal Sum on [date of the advance], by transfer to a bank account nominated by the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e3a3d246-581c-451e-9b31-d20b97565396","order":41,"text":"The Loan shall be advanced in a single drawing on the Advance Date. No amount repaid or prepaid may be redrawn.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d8c91fd6-1390-4f70-b40a-d2b43f29a8ac","order":42,"text":"The Borrower's acceptance of the Principal Sum constitutes, in the absence of manifest error, conclusive evidence of the advance of the Loan, and this Agreement operates as an acknowledgment by the Borrower of the receipt of that sum, without prejudice to any separate receipt which the Parties may sign.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"521c01b1-b24a-455d-a046-29072602eafa","order":43,"text":"5. INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S05"},{"id":"468cd596-a2b5-48a3-b7f6-4867dfee86e6","order":44,"text":"The Loan shall bear interest on the principal amount outstanding from time to time at the rate of [rate of interest] per cent per annum, calculated from and including the Advance Date to but excluding the date of actual repayment in full, on the basis of the actual number of days elapsed and a year of 365 days.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c958a153-1b1b-460b-a342-a4df0ef707f1","value":"free","type":"remove","operator":"="}]},{"id":"e5b38d95-1293-44fa-917f-bd0fbd3f48a0","order":45,"text":"Interest shall accrue from day to day, shall be simple interest and shall not be compounded, and shall be payable monthly in arrear.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c958a153-1b1b-460b-a342-a4df0ef707f1","value":"free","type":"remove","operator":"="}]},{"id":"39f5dbb2-6029-48e3-809f-898d94d174fe","order":46,"text":"Interest shall be payable without any set-off, counterclaim, deduction or withholding, in the manner provided in the clause entitled \"Manner of Payment and Appropriation\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c958a153-1b1b-460b-a342-a4df0ef707f1","value":"free","type":"remove","operator":"="}]},{"id":"007a1273-f279-4aa5-a76b-6568d8871153","order":47,"text":"The Loan is granted free of interest. No interest shall accrue or be payable on the Principal Sum for so long as the Borrower duly performs its obligations under this Agreement, and this is without prejudice to the Lender's right to Default Interest under the clause entitled \"Consequences of Default\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c958a153-1b1b-460b-a342-a4df0ef707f1","value":"free","type":"add","operator":"="}]},{"id":"faf0013f-b540-4712-a7cd-8e24b859a08a","order":48,"text":"The Parties record that the Loan is made as an act of personal accommodation and not with a view to profit, and that nothing in this Agreement shall be construed as the carrying on by the Lender of any business of money lending.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c958a153-1b1b-460b-a342-a4df0ef707f1","value":"free","type":"add","operator":"="}]},{"id":"af63f737-30df-445b-8cf9-1307017e69f2","order":49,"text":"Any sum payable under this Agreement by way of interest or of Default Interest is in every case subject to the statutory limits recorded in the clause entitled \"Status of the Lender and the Money Lenders Ordinance\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1ae96327-bf95-4507-86a3-8791f893c34d","order":50,"text":"6. REPAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S06"},{"id":"94a02538-92e0-4553-b487-afdd1d1458ae","order":51,"text":"The Borrower shall repay the Loan, together with all interest (if any) accrued and all other sums payable under this Agreement, in accordance with this clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"baf98a63-36a9-4695-8fe9-8ecbde03bcb9","order":52,"text":"The Borrower shall repay the whole of the Principal Sum, together with all interest (if any) then accrued and all other sums then payable under this Agreement, in one single payment on or before [repayment date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"instalments","type":"remove","operator":"="},{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"demand","type":"remove","operator":"="}]},{"id":"1c1be51d-73ab-456f-a670-e878d26b7852","order":53,"text":"The Borrower shall repay the Principal Sum by [number of instalments] equal instalments of HK$[amount of each instalment] each, payable at monthly intervals. The first instalment shall fall due on [date of the first instalment], and each subsequent instalment shall fall due on the corresponding day of each successive interval, until the Loan and all other sums payable under this Agreement have been discharged in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"single","type":"remove","operator":"="},{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"demand","type":"remove","operator":"="}]},{"id":"4833ee1f-a15f-4ba0-bd83-b6f460ab9344","order":54,"text":"If the aggregate of the instalments is less than the Outstanding Amount on the day the final instalment falls due, the balance shall be payable together with that final instalment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"single","type":"remove","operator":"="},{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"demand","type":"remove","operator":"="}]},{"id":"8ccd9f58-deda-41ff-90e9-8b25825c3217","order":55,"text":"The Loan is repayable on demand. The Lender may at any time demand repayment of the whole or of any part of the Outstanding Amount by written notice to the Borrower, and the Borrower shall pay the sum demanded within fourteen days after the day on which the demand is given.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"single","type":"remove","operator":"="},{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"instalments","type":"remove","operator":"="}]},{"id":"e70103a5-d73b-4a87-bdcf-df2490a9b03e","order":56,"text":"The Parties record that, where a loan is repayable on demand, the cause of action for its recovery ordinarily accrues on the day the loan is made, and the making of a demand is not a condition precedent to the accrual of that cause of action. The clause entitled \"Limitation of Actions and Acknowledgment of Debt\" applies accordingly.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"single","type":"remove","operator":"="},{"field":"f55e6a0d-aba1-4001-926d-8395172dcb93","value":"instalments","type":"remove","operator":"="}]},{"id":"2bc7978c-8b77-44d8-a4a8-66debb2801f0","order":57,"text":"Time is of the essence in respect of every payment obligation of the Borrower under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a5c65e41-739f-4c19-aa89-ea7a818124a6","order":58,"text":"Upon the irrevocable payment in full of the Outstanding Amount, the Lender shall promptly sign and deliver to the Borrower a written acknowledgment that the Loan and all sums payable under this Agreement have been discharged in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"46e16b8e-47c8-483b-9c18-16bf6e3bb3b5","order":59,"text":"Upon that discharge, the Lender shall, at the cost of the Borrower, execute and deliver such releases, and effect such cancellations of registration, as are necessary to release the security described in the clause entitled \"Security\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"cab43d13-60f2-420e-b610-140490fe0c1f","order":60,"text":"That discharge also releases the Guarantor, subject to the provisions of this Agreement relating to the reinstatement of avoided payments.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"10dccf41-da9f-4c0f-b6c9-8ff5093e5aef","order":61,"text":"7. EARLY REPAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S07"},{"id":"504aa768-f0d4-4b8a-bbb2-e9154593bc60","order":62,"text":"The Borrower may repay the whole or any part of the Outstanding Amount before it falls due, without premium or penalty, by giving to the Lender not less than seven days' prior written notice specifying the sum to be repaid and the date of repayment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"966af692-8257-4050-90d0-9749b8c3f96d","order":63,"text":"A notice of early repayment, once given, is irrevocable and binds the Borrower to make the repayment specified in it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6d4c134f-8dab-4a41-a4bd-d9d4342c87e8","order":64,"text":"Interest shall cease to accrue on any amount of principal from the date of its actual repayment. Early repayment does not relieve the Borrower from liability for interest accrued down to that date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c958a153-1b1b-460b-a342-a4df0ef707f1","value":"free","type":"remove","operator":"="}]},{"id":"1a2ae030-dad7-4c6b-ab1d-79076c604644","order":65,"text":"Any partial early repayment shall be applied in the order set out in the clause entitled \"Manner of Payment and Appropriation\", and does not reduce or postpone the Borrower's obligation to make any subsequent payment when it falls due, unless the Lender agrees otherwise in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8df14161-450d-40a9-b0cd-2c88030cc9d0","order":66,"text":"8. MANNER OF PAYMENT AND APPROPRIATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S08"},{"id":"746973f2-2256-4dba-ab69-dc628f43b0cb","order":67,"text":"All payments by the Borrower under this Agreement shall be made in Hong Kong dollars, in immediately available and freely transferable funds, without any set-off, counterclaim, deduction or withholding, to such bank account in Hong Kong as the Lender may notify in writing to the Borrower from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a86dbc18-ba0f-45c4-8acf-fbab85d74649","order":68,"text":"If any sum falls due on a day which is not a Business Day, it shall be payable on the next Business Day, and interest, where payable, shall continue to accrue until actual payment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e038d243-a26c-46b0-8a1b-8fe19ab91ee0","order":69,"text":"If the Borrower is required by law to make any deduction or withholding from a payment under this Agreement, the Borrower shall increase the sum payable so that, after the deduction or withholding, the Lender receives the amount it would have received had no deduction or withholding been required.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9f266f77-1a2d-49c4-aeb0-524c7194a33b","order":70,"text":"All sums received by the Lender from or on behalf of the Borrower shall be applied in the following order: first, in payment of the costs and expenses recoverable under the clause entitled \"Costs and Indemnity\"; secondly, in payment of Default Interest; thirdly, in payment of interest accrued and unpaid; and fourthly, in reduction of the principal of the Loan. The Lender may vary this order of application at its discretion.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e937beb1-5631-4d15-8254-094b24f241c1","order":71,"text":"The obligation of the Borrower to pay each sum on its Due Date is absolute and unconditional. It is not suspended, excused or discharged by any event beyond the control of the Borrower, by any change in the financial circumstances of the Borrower, or by the existence of any dispute between the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"912ef943-3ce4-46cf-89a5-8945c37ac60f","order":72,"text":"Any change to the bank account or to the payment instructions of the Lender is effective only if it is notified in accordance with the clause entitled \"Notices\" and is confirmed by the Lender to the Borrower by telephone or in person before the payment is made. The Borrower shall not act upon any change of payment instructions received by electronic mail alone.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0d162530-4d4e-48cc-8c6c-990a93baa4b0","order":73,"text":"The Lender shall, upon written request by the Borrower and not more than twice in any calendar year, provide the Borrower with a statement showing the Outstanding Amount and the sums received by the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f80ac41c-fd84-45ca-91dd-85e4409ff3a6","order":74,"text":"Any certificate or determination by the Lender of a rate or of an amount payable under this Agreement is, in the absence of manifest error, prima facie evidence of the matters to which it relates.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"70196d95-8557-46e0-8486-a599d7e5e676","order":75,"text":"9. SECURITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S09"},{"id":"3ffaf6d0-8914-48fd-b136-732f9e5cd0fd","order":76,"text":"The Loan is unsecured. The Borrower has not granted, and is not required under this Agreement to grant, any mortgage, charge, pledge, lien or other security over any of its assets in respect of the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"remove","operator":"="}]},{"id":"b6db2e91-4e3d-4a16-a9a7-5eef896d0b08","order":77,"text":"Nothing in this clause prevents the Lender and the Borrower from agreeing in writing at a later date that all or part of the Outstanding Amount is to be secured.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"remove","operator":"="}]},{"id":"632991df-b051-4291-a516-7ba173bb6f34","order":78,"text":"The Borrower gives as security for its obligations under this Agreement the asset or assets described as [description of the asset given as security], and shall not deal with them otherwise than as this clause permits.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"471029c4-ed1d-4cd6-96f3-086955c19375","order":79,"text":"The Borrower shall, at its own cost and promptly upon the written request of the Lender, execute and deliver such security document or documents, in a form reasonably required by the Lender, and effect such registrations, filings and other steps as may be necessary or desirable to create, perfect and protect that security. Pending the creation of that security, the Borrower shall not sell, transfer or otherwise dispose of the asset described above, and shall not create or permit to subsist any encumbrance over it, without the prior written consent of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"71f59462-957a-4f39-aaa7-83c01e3dfb95","order":80,"text":"The Borrower shall keep the asset described above in good condition and, where it is of a kind that is customarily insured, shall keep it insured against loss and damage for its full replacement value with a reputable insurer, shall note the interest of the Lender on the policy where the insurer permits, and shall produce evidence of that insurance to the Lender upon written request. Any proceeds of insurance shall be applied, at the option of the Lender, in reduction of the Outstanding Amount.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"c1d60b78-8f0e-472a-9026-e13064d64a0a","order":81,"text":"Any security taken under this clause is in addition to, and shall not be prejudiced by, any other security or guarantee now or hereafter held by the Lender. Where the security is to be created over immovable property in Hong Kong, it can only be created by a separate legal charge executed as a deed and registered at the Land Registry, and this Agreement does not itself operate as a charge over that property.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"2f31f4fa-e9b6-48bd-b302-a66ffe7b07de","order":82,"text":"10. GUARANTEE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}],"sectionNum":"S10"},{"id":"4fa5b4b1-63cb-42aa-94a7-f94b91c8bf7b","order":83,"text":"In consideration of the Lender making the Loan available to the Borrower at the request of the Guarantor, the Guarantor irrevocably and unconditionally guarantees to the Lender the due and punctual payment by the Borrower of the Outstanding Amount and the due performance by the Borrower of all its other obligations under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"d13f75dc-af3a-43e2-b9af-50e37d225567","order":84,"text":"The liability of the Guarantor under this Agreement is that of a principal debtor and not merely that of a surety. If the Borrower fails to pay any sum when due, the Guarantor shall pay that sum to the Lender on written demand, as if the Guarantor were the principal obligor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"2f1166be-0102-48b0-9c9d-2836f82ed113","order":85,"text":"As a separate and independent obligation, the Guarantor indemnifies the Lender against any loss, cost or liability suffered by the Lender as a result of any obligation guaranteed by the Guarantor being or becoming unenforceable, invalid or illegal against the Borrower for any reason. The amount recoverable under this indemnity shall not exceed the amount the Lender would have been entitled to recover had the obligation been fully enforceable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"0492b6d4-c2ee-4e64-b077-c6e9a42e2977","order":86,"text":"The Guarantee is a continuing guarantee. It extends to the ultimate balance of all sums payable by the Borrower under this Agreement, and it remains in force until all those sums have been irrevocably paid and discharged in full, regardless of any intermediate payment or discharge.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"34c8407d-f2d0-4035-b802-89b07f4a69b5","order":87,"text":"The obligations of the Guarantor are not affected by any act, omission, matter or thing which, but for this provision, would reduce, release or prejudice them, including any time, waiver or concession granted to the Borrower, any variation of this Agreement, any release of any security or of any other guarantor, the insolvency, death or incapacity of the Borrower, or any unenforceability or invalidity of any obligation of the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"8be37198-2908-47b9-a617-a38b9aa48c1c","order":88,"text":"Until all sums payable under this Agreement have been irrevocably paid in full, the Guarantor shall not exercise any right of subrogation, contribution, indemnity or set-off against the Borrower, shall not claim in competition with the Lender in any insolvency of the Borrower, and shall not take or hold any security from the Borrower in respect of the liability of the Guarantor under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"50bcb612-59ac-4627-85d1-61feae5db076","order":89,"text":"The Lender need not, before enforcing the Guarantee, take any step or proceedings against the Borrower, make any demand of the Borrower, or enforce or seek to enforce any other guarantee or security.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"99fa2cd6-72ab-4fec-8112-7e0e2fce8d3b","order":90,"text":"The liability of the Guarantor is joint and several with that of the Borrower. The Lender may proceed against the Guarantor alone, against the Borrower alone, or against both of them together, and in any order.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"b833aaa2-e263-47da-a96f-e0abc5812b2c","order":91,"text":"If any payment made to the Lender by or on behalf of the Borrower or of the Guarantor is avoided, set aside or ordered to be repaid under any law relating to bankruptcy or insolvency, the liability of the Guarantor under this Agreement continues, and any release or discharge given by the Lender is deemed not to have been given, as if that payment had never been made.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"78e8208f-4aff-4a84-a116-a564369d9eaa","order":92,"text":"The Lender recommends that the Guarantor obtain independent legal advice before signing this Agreement. The Guarantor confirms that the Guarantor has been given a copy of this Agreement and understands the nature and the extent of the liability being undertaken.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"d5ae9a69-916f-485c-90ce-25694dd42a78","order":93,"text":"The Guarantor further confirms that the Guarantor enters into this Agreement freely, without any undue influence, pressure or misrepresentation on the part of any person, and that the Guarantor has either obtained independent legal advice as to the meaning and effect of this Agreement or has freely decided not to obtain it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"82b5ccca-9fcf-4522-96cb-469294aa48af","order":94,"text":"11. REPRESENTATIONS AND WARRANTIES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S11"},{"id":"983869ff-0085-498d-a377-111ba3b41231","order":95,"text":"The Borrower represents and warrants to the Lender, on the date of this Agreement and on each day on which any sum remains outstanding under it, as follows.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7eee5c5c-5aad-4f1e-a01e-74fac367d3dd","order":96,"text":"The Borrower has full capacity and power to enter into and to perform this Agreement, and this Agreement constitutes valid and binding obligations of the Borrower enforceable in accordance with its terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f511cace-d7c3-4bb8-bb71-c6cb11762231","order":97,"text":"No bankruptcy petition has been presented against the Borrower, no individual voluntary arrangement has been proposed or approved in respect of the Borrower, no judgment against the Borrower remains unsatisfied, and no analogous process is pending or, so far as the Borrower is aware, threatened in Hong Kong or elsewhere.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6df7cfbe-2f89-42ee-9c4e-5a8e895e54ad","order":98,"text":"All information given by the Borrower to the Lender in connection with the Loan is true, complete and not misleading in any material respect, and the Borrower has not withheld any information which would make the information given misleading.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"061abfbd-c430-4d78-b0fe-e22adfdcd6c7","order":99,"text":"The entry into and the performance of this Agreement do not conflict with any law binding on the Borrower or with any agreement or obligation binding on the Borrower or on its assets.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dc981b33-d84e-40c0-979f-fe2067629b8f","order":100,"text":"The Borrower is able to pay its debts as they fall due and, having regard to its financial position, reasonably expects to be able to repay the Loan in accordance with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"660ced47-fe86-4e94-af0e-21589d99157b","order":101,"text":"The Borrower is at least eighteen years of age and is of full legal capacity to contract.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4fa20a9c-89d2-4218-bc1d-7664f98cd8eb","order":102,"text":"The Borrower will not apply the Loan, directly or indirectly, for any unlawful purpose, and no part of the Loan will be used in connection with any activity which would constitute an offence under the laws of the Hong Kong Special Administrative Region.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5ccd3789-6436-448f-9bb1-59c450031570","order":103,"text":"The Lender represents and warrants to the Borrower that the Lender is at least eighteen years of age and of full legal capacity, that the Principal Sum is the Lender's own money and derives from lawful sources, and that the Lender does not lend it on behalf of any undisclosed person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1594b3e3-9a3e-49e4-8573-1b12ed131040","order":104,"text":"The Guarantor gives to the Lender, in respect of the Guarantor, the representations and warranties set out in this clause, with the changes necessary to reflect the obligations of the Guarantor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"e2be4768-93fe-4866-bd14-5bf602e92737","order":105,"text":"12. UNDERTAKINGS OF THE BORROWER","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S12"},{"id":"969e8515-36b1-4d9f-8cab-f0bceb7f9b88","order":106,"text":"For so long as any sum remains outstanding under this Agreement, the Borrower undertakes to the Lender as follows.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e103467b-8b9d-4321-a15d-c3b8a188bfdf","order":107,"text":"The Borrower shall pay each sum payable under this Agreement in full on its Due Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e5db4f06-b825-4e18-a8ef-f7a9db7db79b","order":108,"text":"The Borrower shall notify the Lender in writing promptly, and in any event within seven days, upon becoming aware of the occurrence of an Event of Default or of any event which, with the giving of notice or the lapse of time, would constitute an Event of Default.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"57b3f258-a05c-4d38-9864-ca4d902fd020","order":109,"text":"The Borrower shall notify the Lender in writing promptly of any change in its residential address or contact details, and of any material adverse change in its financial circumstances or employment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"58e3ac2e-39d0-41d4-ae99-3441c9cafe98","order":110,"text":"The Borrower shall not, without the prior written consent of the Lender, incur any further indebtedness which would materially impair its ability to repay the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"34ea8fd1-17f8-480c-8309-6ffa73605cae","order":111,"text":"The Borrower shall, upon reasonable written request by the Lender and not more than twice in any calendar year, provide such information concerning its financial position as the Lender may reasonably require in order to assess the recoverability of the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d36a7886-56fa-45e6-bc80-f68b577beaf0","order":112,"text":"13. EVENTS OF DEFAULT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S13"},{"id":"cf5be800-2281-40f1-9a83-85ea3397f155","order":113,"text":"Each of the following events is an Event of Default.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6e4e8477-a535-4b53-9491-863f776d510c","order":114,"text":"The Borrower fails to pay any sum payable under this Agreement on its Due Date and that failure continues for seven days after the Due Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f5612425-8d2f-478b-b8f6-f0f01573adea","order":115,"text":"The Borrower fails to perform or to observe any other obligation under this Agreement and, where the failure is capable of remedy, does not remedy it within fourteen days after written notice from the Lender requiring it to do so.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a8f0670d-f2fc-4a41-8c6b-72aa8073919c","order":116,"text":"Any representation or warranty made or repeated by the Borrower under this Agreement is, or proves to have been, incorrect or misleading in any material respect when made or repeated.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2e4c819e-9b4c-420d-a9e5-890d59e7b18a","order":117,"text":"The Borrower is unable or admits inability to pay its debts as they fall due, suspends payment of its debts, or begins negotiations with any creditor with a view to rescheduling its indebtedness.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9982aa84-9f0c-4ee9-b26d-62dea5ae05b9","order":118,"text":"A bankruptcy petition is presented against the Borrower, a bankruptcy order is made, an individual voluntary arrangement is proposed or approved in respect of the Borrower, or any analogous step is taken in any jurisdiction.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c6e7c029-a30a-4deb-a6e6-1df383abe647","order":119,"text":"Any execution, attachment, distress, charging order or other legal process is levied or enforced against any material asset of the Borrower and is not discharged or stayed within twenty-one days.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"82fbe045-c2fd-4af2-816e-4bd898f0908b","order":120,"text":"The Borrower dies or becomes mentally incapable of managing his or her own affairs.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f6d62cec-86ff-41b5-80e3-f59daf5d41c6","order":121,"text":"The Borrower leaves the Hong Kong Special Administrative Region with the intention of residing permanently elsewhere without having given the Lender not less than thirty days' prior written notice and without having made arrangements, satisfactory to the Lender, for the repayment of the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"23da9723-b30a-4e8a-b625-f8894ec9ae4d","order":122,"text":"The Borrower fails to pay any other sum owed to the Lender under any other agreement when it falls due, or any creditor of the Borrower enforces or takes steps to enforce any security over any material asset of the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0fb88796-8b54-40f0-b69b-0bc803dfb03a","order":123,"text":"The Guarantor fails to comply with any of its obligations under this Agreement, or any event described in this clause occurs in relation to the Guarantor, or the Guarantee ceases for any reason to be in full force and effect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"44c6f4eb-117f-4494-a983-d0148aaf979e","order":124,"text":"Any security to be created under the clause entitled \"Security\" is not created when required, ceases to be valid or enforceable, or the asset described in that clause is disposed of or made subject to any encumbrance without the prior written consent of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fc914356-dd19-4bd6-ab07-e942234bf006","value":"secured","type":"add","operator":"="}]},{"id":"bcd51381-8255-43cf-968d-4be6cf595430","order":125,"text":"14. CONSEQUENCES OF DEFAULT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S14"},{"id":"6f3bc645-eebe-40df-900d-e5ee7f63e315","order":126,"text":"At any time after the occurrence of an Event of Default which is continuing, the Lender may, by written notice to the Borrower, declare the whole of the Outstanding Amount to be immediately due and payable, whereupon it shall become immediately due and payable without further demand, presentment, protest or notice of any kind, all of which the Borrower waives.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9ed1c6b7-882d-4f6a-8b97-fe4b0f4239af","order":127,"text":"Any sum not paid on its Due Date shall bear Default Interest at the rate of [rate of default interest] per cent per annum from and including the Due Date to but excluding the date of actual payment. Default Interest accrues on every overdue sum, including any overdue interest, but is not itself capitalised and bears no further interest. It accrues from day to day, is payable on demand, and continues to accrue both before and after any judgment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7b849276-b0a4-4b14-b505-ec8f13fb11ea","order":128,"text":"The Parties agree that Default Interest represents a genuine and proportionate protection of the legitimate interest of the Lender in the punctual payment of the sums due, having regard to the increased credit risk and to the additional cost and inconvenience of pursuing recovery, and that it is not a penalty. If, notwithstanding this, the rate of Default Interest stipulated above would be unenforceable, or would cause the effective rate of interest on the Loan to exceed any limit permitted by law, that rate shall be reduced to the highest rate which is enforceable and permitted by law, and the remainder of this Agreement shall continue in full force.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a40e5abd-bd3b-4fce-8410-ce4c558e9b98","order":129,"text":"Upon the Outstanding Amount becoming immediately due and payable, the Lender may make demand upon the Guarantor without first taking any step against the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"5a1418d9-66a2-418e-86e5-6ce71b048c79","order":130,"text":"The rights of the Lender under this clause are in addition to, and not in substitution for, any other right or remedy available to the Lender at law or in equity.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b2d3ae27-0a78-48c9-a103-0271a8884dde","order":131,"text":"15. COSTS AND INDEMNITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S15"},{"id":"4e755327-725d-4c98-a8c2-f146e8310224","order":132,"text":"The Borrower shall on demand indemnify the Lender against all costs, charges, expenses and liabilities, including legal fees and disbursements on a full indemnity basis, reasonably incurred by the Lender in connection with the preservation or the enforcement of the rights of the Lender under this Agreement, the recovery of any sum due, or the occurrence of any Event of Default.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1caa95ef-a95f-41a2-b198-658b85e15197","order":133,"text":"Each Party shall bear its own costs of and incidental to the negotiation, the preparation and the execution of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"977497fb-c537-4c3e-ba17-ddf424dc1b6b","order":134,"text":"Sums payable under this clause shall be paid within fourteen days of written demand and shall bear Default Interest from the date of the demand until payment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"af224688-457b-497a-84af-32cf31b1e470","order":135,"text":"16. LIMITATION OF ACTIONS AND ACKNOWLEDGMENT OF DEBT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S16"},{"id":"a44b86c2-c808-4c4b-8f60-96f7909b18fd","order":136,"text":"The Parties record their understanding that, under section 4(1) of the Limitation Ordinance (Cap. 347), an action founded on simple contract may not be brought after the expiration of six years from the date on which the cause of action accrued, and that, under section 4(3) of that Ordinance, an action upon a specialty, that is to say upon an obligation contained in a deed, may not be brought after the expiration of twelve years from that date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"570fb7e7-8bf3-471d-a61e-b1879f79692e","order":137,"text":"This Agreement is entered into as a simple contract. The period within which the Lender may bring an action for the recovery of the Outstanding Amount is accordingly six years from the accrual of the cause of action, subject to the following provisions of this clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"remove","operator":"="}]},{"id":"01c31255-1c72-4eb5-8ed2-f12ff3c65535","order":138,"text":"This Agreement is executed as a deed. The period within which the Lender may bring an action for the recovery of the Outstanding Amount is accordingly twelve years from the accrual of the cause of action, subject to the following provisions of this clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"ba5d2e9a-9ee1-4035-91d7-c6ec69d4255c","order":139,"text":"The Parties further record their understanding that, under sections 23 and 24 of the Limitation Ordinance (Cap. 347), where a person liable for a debt acknowledges the debt by a writing signed by that person, or makes any payment in respect of it, the right of action is treated as having accrued afresh on, and not before, the date of that acknowledgment or payment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"10700cc4-493d-4dfd-b5e6-4c61ac9daea1","order":140,"text":"The Borrower accordingly undertakes to the Lender that, upon each written request made by the Lender at intervals of not less than twelve months, the Borrower shall promptly sign and deliver to the Lender a written acknowledgment, in a form reasonably required by the Lender, confirming the sum then outstanding under this Agreement. The Borrower acknowledges that the purpose of this undertaking is to preserve the right of action of the Lender, and that a failure to comply with it is a failure to perform an obligation under this Agreement for the purposes of the clause entitled \"Events of Default\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"33785098-6809-492e-8ccc-51c0376adedc","order":141,"text":"Every payment made by the Borrower in respect of the Loan, and every written acknowledgment of the debt signed by the Borrower, operates as an acknowledgment for the purposes of the Limitation Ordinance (Cap. 347) and causes time to run afresh from the date of that payment or acknowledgment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"65f6ef65-cc78-4f0d-a290-90ec926bcff1","order":142,"text":"Nothing in this Agreement shall be construed as an agreement to extend, to curtail, to suspend or to exclude any limitation period prescribed by the Limitation Ordinance (Cap. 347) otherwise than as that Ordinance permits.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1339ae71-885a-429d-86d7-f27a91105cbe","order":143,"text":"17. STATUS OF THE LENDER AND THE MONEY LENDERS ORDINANCE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S17"},{"id":"90ca51fd-8988-4307-997b-4a477f76b7a6","order":144,"text":"The Lender represents and warrants to the Borrower that the Lender does not carry on the business of making loans, does not advertise, announce or hold himself or herself out in any way as carrying on that business, and is accordingly not a money lender within the meaning of section 2 of the Money Lenders Ordinance (Cap. 163).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"438569c1-3a57-4ea1-9360-9c53c20648ac","order":145,"text":"The Loan is a single accommodation made by one individual to another on a private basis. No Party intends this Agreement to constitute, or to form part of, any business of money lending, and the Lender shall make no further loan to the Borrower except under a separate written agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"70d641ae-35af-4cdb-865b-3f538897177e","order":146,"text":"The Parties nevertheless record their understanding that sections 24 and 25 of the Money Lenders Ordinance (Cap. 163) apply to any person, whether or not that person is a money lender. Under section 24 of that Ordinance, a person who lends or offers to lend money at an effective rate of interest exceeding 48 per cent per annum commits an offence, and any agreement for the repayment of the loan or for the payment of interest on it, and any security given for it, is unenforceable. Under section 25 of that Ordinance, a transaction in respect of which the effective rate of interest exceeds 36 per cent per annum is presumed to be extortionate, and the court may reopen the transaction so as to do justice between the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"80ee579d-d427-46c6-bf85-02ada40fadd3","order":147,"text":"The Parties accordingly agree that no sum shall be payable under this Agreement, whether by way of interest, Default Interest, fee, commission or otherwise, to the extent that its payment would cause the effective rate of interest on the Loan to exceed the maximum rate permitted by law; and any sum paid in excess of that maximum shall be repaid to the Borrower or, at the option of the Borrower, applied in reduction of the principal of the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1e9d8c4b-3805-4718-ae50-d52e7b1ccee9","order":148,"text":"In this clause, the expression \"effective rate of interest\" has the meaning given to it by the Money Lenders Ordinance (Cap. 163) and is calculated in accordance with that Ordinance. Independently of that statutory calculation, the Parties agree as a term of this Agreement that the aggregate of every sum payable by the Borrower in connection with the Loan, by whatever name called, shall be limited as provided in this clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0c9c375e-d9d0-4ee1-b63a-191787e45b23","order":149,"text":"The Borrower confirms that it has not been required to pay, and has not paid, any procuration fee, commission or other charge to the Lender or to any other person in consideration of the making of the Loan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6b2a1cc9-233a-4330-876a-ae2e44de871a","order":150,"text":"18. NO WAIVER, REMEDIES AND SET-OFF","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S18"},{"id":"09e407b2-8e6c-48c4-b6ca-9d545a2911c7","order":151,"text":"No failure or delay by the Lender in exercising any right or remedy under this Agreement operates as a waiver of that right or remedy, and no single or partial exercise of any right or remedy prevents any further or other exercise of it or of any other right or remedy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e9c39ba2-8394-4243-9525-9c6b2dd6c58f","order":152,"text":"Any waiver, consent or concession by the Lender is effective only if given in writing and signed by the Lender, and only for the purpose and to the extent for which it is given. The granting of time or of any other indulgence to the Borrower does not affect the rights of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4889dac8-b280-4404-ab5b-b4e2a09025c3","order":153,"text":"The rights and remedies provided in this Agreement are cumulative and are not exclusive of any rights or remedies provided by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c1f2789b-946a-417d-bb5b-51bb54d2c7c9","order":154,"text":"The Lender may set off any matured obligation owed by the Borrower under this Agreement against any obligation owed by the Lender to the Borrower, whatever the place of payment or the currency, and may make any currency conversion necessary for that purpose at a commercially reasonable rate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ce8a23dd-8dfb-409a-8b91-65c513880b81","order":155,"text":"19. ASSIGNMENT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S19"},{"id":"03e6c3e5-4934-474c-9c23-ef98f6480631","order":156,"text":"The Lender may assign or transfer all or any part of its rights under this Agreement to any person, and shall give written notice of the assignment or transfer to the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"31a9f488-39d1-418a-8302-a6fc4e25e13e","order":157,"text":"An assignment or transfer by the Lender does not release the Guarantor, whose obligations enure for the benefit of the successors and assigns of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"648915b0-f120-4e6a-b710-2fe8ce2732b0","order":158,"text":"The Borrower may not assign, transfer, charge or otherwise deal with any of its rights or obligations under this Agreement, and may not delegate the performance of any of its obligations, without the prior written consent of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f299c1c2-b356-4160-9b1d-b1ac961e8238","order":159,"text":"This Agreement binds and enures for the benefit of each Party and its personal representatives, successors and permitted assigns. The obligations of the Borrower bind its estate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bdd1e552-fa5c-46a6-a965-a4fe869d9613","order":160,"text":"20. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S20"},{"id":"4f106b65-a81f-406b-b3b2-0583efe98d93","order":161,"text":"Any notice or other communication given under or in connection with this Agreement shall be in writing and in English, and shall be delivered by hand, sent by prepaid registered post, or sent by electronic mail, to the address or the electronic mail address of the relevant Party stated below or notified in writing from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1b188d73-1141-4330-8340-07b060b8cd56","order":162,"text":"The address of the Lender is the address stated at the beginning of this Agreement, and [email address of the Lender] is its electronic mail address for the purposes of this clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"732631e3-fa0a-4378-bfb0-f889c262a0e6","order":163,"text":"The address of the Borrower is the address stated at the beginning of this Agreement, and [email address of the Borrower] is its electronic mail address for the purposes of this clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"adbcc034-815b-4add-abfc-13eb393c6b6c","order":164,"text":"The address of the Guarantor is the address stated at the beginning of this Agreement, and any notice to the Guarantor shall be given at that address.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"d8a183fc-300d-4bbe-b2f1-0bd49fb27bfc","order":165,"text":"A notice is deemed to have been given: if delivered by hand, at the time of delivery; if sent by prepaid registered post to an address in Hong Kong, on the second Business Day after posting; if sent by prepaid registered post to an address outside Hong Kong, on the fifth Business Day after posting; and if sent by electronic mail, at the time of transmission, provided that no failed-delivery notification is received and that, where the time of transmission falls outside business hours on a Business Day, the notice is deemed given when business hours next resume.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a073cced-59d9-4a38-a955-1ee5c3774f51","order":166,"text":"A demand for payment, a notice of an Event of Default and a notice declaring the Outstanding Amount immediately due and payable shall in each case also be sent by prepaid registered post, whatever other means of service is used.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0d3d6091-a27e-4e5f-b0aa-febf05eccaf8","order":167,"text":"This clause does not apply to the service of any document in any legal proceedings.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"84264a6f-4692-497a-80a3-0504757dc7ce","order":168,"text":"21. PERSONAL DATA AND CONFIDENTIALITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S21"},{"id":"cd8b059d-277e-49b2-b9d7-cf940a744b53","order":169,"text":"Each Party may collect, hold and use the personal data of the other Parties for the purposes of performing, administering and enforcing this Agreement, and for no other purpose. Each Party shall comply with the Personal Data (Privacy) Ordinance (Cap. 486) in relation to the personal data of the other Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dad9be36-e2f6-4d2a-9d46-472990264bfd","order":170,"text":"The Lender may disclose the personal data of the Borrower and of any other Party to this Agreement to its professional advisers, to any proposed assignee or transferee of its rights, to any debt-recovery agent instructed by it, and to any court, tribunal or regulatory authority, in each case only so far as is necessary for the purposes described above or as is required by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"feb17cfb-2087-421b-bd01-ffcc436ff57a","order":171,"text":"Each Party has the right to request access to, and correction of, its personal data held by another Party, and such a request shall be addressed in accordance with the clause entitled \"Notices\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ffd90bbb-90d3-42b3-8d5e-f2b559b44656","order":172,"text":"Each Party shall keep the terms of this Agreement confidential and shall not disclose them to any third party, except to its professional advisers, so far as is required by law or by any court or regulatory authority, or so far as is necessary to enforce this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"341046df-7df1-4017-8e8b-0f91d108f84a","order":173,"text":"22. THIRD PARTY RIGHTS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S22"},{"id":"73b2a2fb-1a3c-4b94-b99e-fb18ccf03e6b","order":174,"text":"A person who is not a Party to this Agreement has no right under the Contracts (Rights of Third Parties) Ordinance (Cap. 623) to enforce or to enjoy the benefit of any term of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b1ad64bc-2d77-4b9c-8797-c2efcdb97b5b","order":175,"text":"The Parties may rescind, vary or terminate this Agreement without the consent of any person who is not a Party to it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"98f9a255-663a-4e8b-bdde-c7f72bfb7fff","order":176,"text":"23. GENERAL PROVISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S23"},{"id":"453d7025-3cbc-4a81-847e-d16a9009f280","order":177,"text":"This Agreement constitutes the entire agreement between the Parties in relation to the Loan and supersedes all prior agreements, arrangements, understandings and representations in relation to it, whether written or oral. Each Party acknowledges that it has not relied upon any statement, representation or assurance which is not set out in this Agreement, save that nothing in this clause limits any liability for fraud or fraudulent misrepresentation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"51016457-7c4e-4dc1-ba4e-8b56e9201a32","order":178,"text":"No variation of this Agreement is effective unless it is in writing and signed by or on behalf of each Party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4a78d01f-f5d8-49a2-95ee-26b0220cacb0","order":179,"text":"Any variation of this Agreement shall itself be executed as a deed.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"d5ce2b5c-4ec8-45d5-8204-1a0dce541831","order":180,"text":"If any provision of this Agreement is or becomes invalid, illegal or unenforceable, that provision shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable; and if such a modification is not possible, that provision shall be deemed deleted. Any modification or deletion under this clause does not affect the validity and the enforceability of the remainder of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e06dfab9-32ec-4911-ab4f-f97ab4617cbe","order":181,"text":"This Agreement may be executed in any number of counterparts, each of which when executed constitutes an original, and all of which together constitute one and the same instrument. Transmission of an executed counterpart by electronic mail is effective delivery of that counterpart.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"eca8cada-ddb3-4444-83a1-113009f3eb2d","order":182,"text":"The Parties confirm that this Agreement has been entered into freely and on equal terms, that each of them has had the opportunity to obtain independent legal advice as to its meaning and effect, and that none of them has been subjected to any undue influence, pressure or misrepresentation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6ba28ead-a6f4-497c-ae0a-34e0dbc975af","order":183,"text":"If any payment made to the Lender by or on behalf of the Borrower is avoided, set aside or ordered to be repaid under any law relating to bankruptcy or insolvency, the liability of the Borrower continues as if that payment had never been made, and the Lender may enforce this Agreement as if that payment had not been received.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a9c7663c-cbf5-4827-8741-5a3ed9fbd9aa","order":184,"text":"The clauses entitled \"Costs and Indemnity\", \"Limitation of Actions and Acknowledgment of Debt\", \"Personal Data and Confidentiality\" and \"Governing Law and Dispute Resolution\", together with every other provision which by its nature is intended to survive, remain in force after the repayment of the Loan and after the termination of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3ab9f572-b846-4153-bdc4-ebc371806f47","order":185,"text":"The Lender does not act as, and does not hold himself or herself out as, a financial, tax or legal adviser to the Borrower. Each Party is responsible for obtaining its own advice as to the effect of this Agreement and as to its own tax position.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3f6ed23f-e379-454d-a7b7-0cd77f78efcd","order":186,"text":"This Agreement is made in the English language. If it is translated into any other language, the English text prevails in the event of any discrepancy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d6db8b36-20b8-4a53-a335-ab6817c391c5","order":187,"text":"Each Party shall do all such acts and execute all such documents as may reasonably be required to give full effect to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d1c8df3f-92c4-4492-b120-1698d95b8143","order":188,"text":"24. GOVERNING LAW AND DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S24"},{"id":"6dbebfd7-f501-408c-9d15-a27012799412","order":189,"text":"This Agreement, and any non-contractual obligation arising out of or in connection with it, is governed by and shall be construed in accordance with the laws of the Hong Kong Special Administrative Region.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"920b258d-8cbc-4684-9eac-3bbd12907462","order":190,"text":"The Parties shall first attempt in good faith to resolve any dispute arising out of or in connection with this Agreement by negotiation and, failing agreement within thirty days after written notice of the dispute is given by one Party to another, by mediation administered by the Hong Kong Mediation Centre or by another mediation service agreed between them. This paragraph does not prevent any Party from seeking urgent interim or injunctive relief at any time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8bd9048f-c737-459f-9ea0-e3b0aecd0e59","order":191,"text":"Each Party may be served with any document in any proceedings arising out of or in connection with this Agreement at the address stated for that Party at the beginning of this Agreement, or at any address subsequently notified in accordance with the clause entitled \"Notices\". This paragraph does not prevent service being effected in any other manner permitted by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f5d4b75f-e8e9-464b-8e7a-18ffef198f4b","order":192,"text":"Subject to the preceding paragraph, the Parties irrevocably submit to the non-exclusive jurisdiction of the courts of the Hong Kong Special Administrative Region in respect of any dispute arising out of or in connection with this Agreement. Nothing in this clause prevents the Lender from bringing proceedings for the recovery of the Outstanding Amount in the Small Claims Tribunal, the District Court or the Court of First Instance, according to the sum claimed.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a1d94e6d-899f-4204-8ae3-1cf1d92ed488","value":"courts","type":"add","operator":"="}]},{"id":"046c1090-28eb-48e3-97b4-b22b65d4fcb4","order":193,"text":"Subject to the preceding paragraph, any dispute arising out of or in connection with this Agreement, including any question as to its existence, validity or termination, shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre under the HKIAC Administered Arbitration Rules in force when the notice of arbitration is submitted. The seat of the arbitration shall be Hong Kong, the tribunal shall consist of one arbitrator, and the language of the arbitration shall be English. The arbitration is governed by the Arbitration Ordinance (Cap. 609).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a1d94e6d-899f-4204-8ae3-1cf1d92ed488","value":"arbitration","type":"add","operator":"="}]},{"id":"a699eeda-ead9-4919-824c-1947be7b2e2c","order":194,"text":"The Parties shall keep the arbitration and any award confidential, save so far as disclosure is required by law or is necessary for the enforcement of the award.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a1d94e6d-899f-4204-8ae3-1cf1d92ed488","value":"arbitration","type":"add","operator":"="}]},{"id":"15c5f164-4bf7-4980-88c1-18a0fc3a6d61","order":195,"text":"IN WITNESS WHEREOF the Parties have entered into this Agreement on the day and in the year first above written.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"25","cflou":false,"active":true,"marginTop":"25","displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"remove","operator":"="}]},{"id":"22104256-98fe-4fb0-984c-78bca0c5d883","order":196,"text":"IN WITNESS WHEREOF this Agreement has been executed by the Parties as a deed and is delivered on the day and in the year first above written.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"25","displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"8d8640ae-f934-4e47-8ac2-1414043b66d4","order":197,"text":"The Parties intend this Agreement to take effect as a deed. In accordance with section 19 of the Conveyancing and Property Ordinance (Cap. 219), this Agreement, being signed by each Party and describing itself as a deed, is deemed to be sealed by each Party executing it and is delivered by each of them as a deed.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"25","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"4995221d-31b3-4122-af10-77c8316e8eb2","order":198,"text":"SIGNED by the Lender","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"remove","operator":"="}]},{"id":"38c31a14-5c83-4bbd-9ef6-47075601f98d","order":199,"text":"SIGNED, SEALED and DELIVERED by the Lender","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"92c66aeb-f3bb-4baf-b489-bb6d09df4b59","order":200,"text":"____________________________________
[Full name of the Lender]
HKID or passport number: [HKID or passport number]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a619935c-0280-4f38-9f0e-ab7be458e79b","order":201,"text":"in the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"4ce2a5b8-ad6a-4e9f-8e6d-3c8832d923f5","order":202,"text":"____________________________________
Witness: [Full name of the witness]
HKID or passport number: [HKID or passport number]
Address: [Address of the witness]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"3c8b5e49-ed00-47cb-96f1-f167070ddb0f","order":203,"text":"SIGNED by the Borrower","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"remove","operator":"="}]},{"id":"a921eda0-50ca-497b-9315-04620b6f0cc3","order":204,"text":"SIGNED, SEALED and DELIVERED by the Borrower","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"add","operator":"="}]},{"id":"238fd4d0-1873-4fc7-a2ce-b01ed41dc526","order":205,"text":"____________________________________
[Full name of the Borrower]
HKID or passport number: [HKID or passport number]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"50b0c670-42c8-4284-ba83-7f109f13ca9e","order":206,"text":"in the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a9fc9476-3b9a-4890-819d-b5b6b5f99936","order":207,"text":"____________________________________
Witness: [Full name of the witness]
HKID or passport number: [HKID or passport number]
Address: [Address of the witness]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"e5f2af0a-d82e-4587-af3b-c2d68c755103","order":208,"text":"SIGNED by the Guarantor","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="},{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"deed","type":"remove","operator":"="}]},{"id":"0a6aa21a-7338-4fbe-87cc-5e173909dfb5","order":209,"text":"SIGNED, SEALED and DELIVERED by the Guarantor","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="},{"field":"6b69cd5a-9ee5-4ec8-9125-cd838e4d7b20","value":"contract","type":"remove","operator":"="}]},{"id":"904dd87d-e953-4651-98a7-372156b5e365","order":210,"text":"____________________________________
[Full name of the Guarantor]
HKID or passport number: [HKID or passport number]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"fddd12a6-945f-4748-8cc7-8b38123fc820","order":211,"text":"in the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]},{"id":"46f99a4a-f7f7-457e-879c-e3233870e02e","order":212,"text":"____________________________________
Witness: [Full name of the witness]
HKID or passport number: [HKID or passport number]
Address: [Address of the witness]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7f342a2e-423b-4356-be97-f618092c54d1","value":"yes","type":"add","operator":"="}]}]