What are the conditions for the application of the disaster relief principal exemption clause?

It applies when an earthquake of intensity 6 or higher occurs at a predetermined observation point (published by the Meteorological Agency).

Will the principal be exempted even if there is no actual damage?

Yes, the principal exemption can be received if the seismic intensity condition is met at the designated observation point, regardless of whether there is actual damage or not.

Where was the observation point set for Yutaka Denso Kogyo?

The observation point was set at 'Takamatsu Airport' near the company's location.

AI News NQ Analysis

Execution of Loan with Special Clause for Principal Exemption in the Event of an Earthquake (Yutaka Denso Kogyo Co., Ltd.)

NQ Score 76/100

N1 Content Completeness 9

AI Summary (NQ-processed)

Chugoku Bank provided a 100 million yen loan to Yutaka Denso Kogyo with a special clause that exempts principal repayment if a major earthquake (seismic intensity 6 upper or higher) occurs, supporting the company's BCP efforts.

AI Analysis

Frequently Asked Questions

Q: What are the conditions for the application of the disaster relief principal exemption clause?: A: It applies when an earthquake of intensity 6 or higher occurs at a predetermined observation point (published by the Meteorological Agency).
Q: Will the principal be exempted even if there is no actual damage?: A: Yes, the principal exemption can be received if the seismic intensity condition is met at the designated observation point, regardless of whether there is actual damage or not.
Q: Where was the observation point set for Yutaka Denso Kogyo?: A: The observation point was set at 'Takamatsu Airport' near the company's location.