What is the 'Earthquake Disaster Principal Exemption Clause Attached Loan' system?

It is a corporate loan with a clause that exempts 100% or 50% of the principal repayment if a large-scale earthquake of intensity 6 or higher occurs at a predetermined location.

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

Yes, the principal will be exempted if the condition of an earthquake of intensity 6 or higher occurring at the specified observation point is met, regardless of whether there is actual damage.

What are the usage and term of the loan?

The loan is generally used for working capital, with a maximum term of 3 years, and is repaid in a lump sum at maturity.

AI News NQ Analysis

Execution of Loan with Principal Exemption Clause in case of Earthquake Disaster (Eiwa Densetsu Co., Ltd.)

NQ Score 77/100

N1 Content Completeness 9

AI Summary (NQ-processed)

Chugoku Bank has executed a 100 million yen 'Loan with Principal Exemption Clause in case of Earthquake Disaster' for Eiwa Densetsu Co., Ltd. The loan principal will be exempted by 100% or 50% if an earthquake of intensity 6-upper or higher occurs at a specified location.

AI Analysis

Frequently Asked Questions

Q: What is the 'Earthquake Disaster Principal Exemption Clause Attached Loan' system?: A: It is a corporate loan with a clause that exempts 100% or 50% of the principal repayment if a large-scale earthquake of intensity 6 or higher occurs at a predetermined location.
Q: Will the principal be exempted even if there is no actual damage?: A: Yes, the principal will be exempted if the condition of an earthquake of intensity 6 or higher occurring at the specified observation point is met, regardless of whether there is actual damage.
Q: What are the usage and term of the loan?: A: The loan is generally used for working capital, with a maximum term of 3 years, and is repaid in a lump sum at maturity.