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Execution of Loan with Principal Exemption Clause for Disasters (I-tem Holdings Co., Ltd.)

NQ Score 100/100

AI Summary (NQ-processed)

Chugoku Bank has provided I-tem Holdings Co., Ltd. with a unique loan that includes a principal exemption clause in the event of a major earthquake. This loan aims to strengthen the company's business continuity plan and mitigate financial risks from natural disasters, allowing for 100% or 50% principal exemption if a seismic intensity of 6-strong or higher is observed at a designated point.

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Frequently Asked Questions

Q: What is the specific feature of the loan provided by Chugoku Bank to I-tem Holdings Co., Ltd. in 2023?
A: The loan includes a principal exemption clause for earthquakes with seismic intensity of 6-strong or higher.
Q: Which company received a disaster-resilient loan from Chugoku Bank in 2023?
A: I-tem Holdings Co., Ltd. received the loan with a principal exemption clause.
Q: What percentage of principal exemption applies if a 6-strong earthquake occurs under the Chugoku Bank loan for I-tem Holdings?
A: 100% or 50% principal exemption applies depending on the seismic impact at the designated point.
Q: What is the name of the financial institution that granted the loan to I-tem Holdings Co., Ltd. in 2023?
A: Chugoku Bank provided the loan with a principal exemption clause for disasters.
Q: What seismic intensity triggers the principal exemption in I-tem Holdings' loan agreement with Chugoku Bank?
A: A seismic intensity of 6-strong or higher at a designated location triggers the exemption.