Common use of Advance and Payment of Loan Clause in Contracts

Advance and Payment of Loan. 2.1 The Lender has no obligation to advance any loan to the Borrower until all following conditions have been satisfied by the Borrower or waived by the Lender: (1) except for unsecured loans, the Borrower has provided security as required by the Lender and completed relevant formalities for provision of such security; (2) there is no default event occurring under this Contract or any other contract between the Borrower and the Lender; and (3) the purpose of loan as stated in the supporting documents provided by the Borrower is consistent with the purpose as agreed hereunder. 2.2 All written documents provided by the Borrower to the Lender for drawdown shall be originals. If no original is available, the Borrower may, upon consent of the Lender, provide photocopies affixed with the Borrower's company seal. 2.3 When applying for drawdown, the Borrower shall submit a drawdown notice to the Lender at least 5 bank business days prior to the proposed drawdown date. Once submitted, a drawdown notice will be irrevocable unless otherwise agreed by the Lender in writing. 2.4 After all conditions precedent to drawdown have been satisfied by the Borrower or waived by the Lender, the Lender will remit the loan into a designated account of the Borrower. Such remittance shall be deemed as advance of the loan by the Lender to the Borrower in accordance with this Contract. 2.5 In accordance with relevant regulatory requirement and management requirement of the Lender, a loan exceeding certain value or meeting certain other conditions shall be subject to the entrusted payment arrangement, where the Lender will, upon and in accordance with drawdown request and payment entrustment issued by the Borrower, pay the proceeds of the loan to relevant payees for the purpose as agreed under this Contract. For this purpose, the Borrower shall enter into an entrusted payment agreement with the Lender, which shall be attached hereto as an appendix, and shall open or designate a dedicated account with the Lender for such entrusted payment.

Advance and Payment of Loan. 2.1 The Lender has no obligation to advance any loan to the Borrower until all following conditions have been satisfied by the Borrower or waived by the Lender: (1) except Except for unsecured loans, the Borrower has provided security as required by the Lender and completed relevant formalities for provision of such security; (2) there There is no default event occurring under this Contract or any other contract between the Borrower and the Lender; and; (3) the The purpose of loan as stated in the supporting documents provided by the Borrower is consistent with the purpose as agreed hereunder; (4) other materials required by the Lender have been submitted to the Lender. 2.2 All written documents provided by the Borrower to the Lender for drawdown withdrawal shall be originals. If no original is available, the Borrower may, upon consent of the Lender, provide photocopies affixed with the Borrower's company seal. 2.3 When applying for drawdownwithdrawal, the Borrower shall submit a drawdown withdrawal notice to the Lender at least 5 bank business days prior to the proposed drawdown withdrawal date. Once submitted, a drawdown withdrawal notice will be irrevocable unless otherwise agreed by the Lender in writing. 2.4 After all conditions precedent to drawdown withdrawal have been satisfied by the Borrower or waived by the Lender, the Lender will remit the loan into a designated account of the Borrower. Such remittance shall be deemed as advance of the loan by the Lender to the Borrower in accordance with this Contract. 2.5 In accordance with relevant regulatory requirement and management requirement of the Lender, a loan exceeding certain value or meeting certain other conditions shall be subject to the entrusted payment arrangement, where the Lender will, upon and in accordance with drawdown withdrawal request and payment entrustment issued by the Borrower, pay the proceeds of the loan to relevant payees for the purpose as agreed under this Contract. For this purpose, the Borrower shall enter into an entrusted payment agreement with the Lender, which shall be attached hereto as an appendix, and shall open or designate a dedicated account with the Lender for such entrusted payment.

Advance and Payment of Loan. 2.1 The Lender has no obligation to advance any loan to the Borrower until all following conditions have been satisfied by the Borrower or waived by the Lender: (1) except Except for unsecured loans, the Borrower has provided security as required by the Lender and completed relevant formalities for provision of such security, and the security thereof does not occur any change unfavorable to the Lender; (2) Upon every drawdown, the Borrower’s representation and warranty hereunder are still authentic, accurate and complete, and there is no situation of default event occurring under this Contract or under any other contract signed by and between the Borrower and the Lender; and; (3) the The purpose of loan as stated in the supporting documents provided by the Borrower is consistent with the purpose as agreed hereunder; (4) Other materials required by the Lender have been submitted to the Lender. 2.2 All written documents provided by Where the Borrower uses the loan hereunder to invest in fixed asset, apart from satisfying the Lender for drawdown shall be originals. If no original is availablepreconditions as stated in Article 2.1, the Borrower mayshall also satisfy the following preconditions: (1) The loan item has been examined, upon consent approved and filed (if necessary) by the competent authority of the Lender, provide photocopies affixed State; (2) The fund of loan item or other supporting funds have been in place in full in accordance with the Borrower's company sealtime and proportion as required; (3) There is not cost overrun or the cost overrun has been settled through self-financing; (4) Project progress has been completed as planned, the actual progress of the item is match with invested amount. 2.3 When applying for drawdown, the Borrower shall submit a drawdown notice to the Lender at least 5 bank business days prior to the proposed drawdown date. Once submitted, a drawdown notice will be irrevocable unless otherwise agreed by the Lender in writing. 2.4 After all conditions precedent to drawdown have been satisfied by the Borrower or waived by the Lender, the Lender will remit the loan into a designated account of the Borrower. Such remittance shall be deemed as advance of the loan by the Lender to the Borrower in accordance with this Contract. 2.5 In accordance with relevant regulatory requirement and management requirement of the Lender, a drawdown and use of loan exceeding certain value or meeting certain other conditions shall be subject to made through the entrusted payment arrangementof the Lender, where the Lender will, upon and in accordance with drawdown request and payment entrustment issued by the Borrower, pay the proceeds of the loan to relevant payees for the purpose as agreed under this Contract. For this purpose, the Borrower shall enter into an entrusted payment agreement with the Lender, which shall be attached hereto as an appendix, and shall open or designate a dedicated account with the Lender for such entrusted payment.

Advance and Payment of Loan. 2.1 The Lender has no obligation to advance any loan to the Borrower until all following conditions have been satisfied by the Borrower or waived by the Lender: (1) except for unsecured loans, the Borrower has provided security as required by the Lender and completed relevant formalities for provision of such security; (2) there is no default event occurring under this Contract or any other contract between the Borrower and the Lender; and (3) the purpose of loan as stated in the supporting documents provided by the Borrower is consistent with the purpose as agreed hereunder. (4) other materials required by the Lender have been submitted to the Lender. 2.2 All written documents provided by the Borrower to the Lender for drawdown shall be originals. If no original is available, the Borrower may, upon consent of the Lender, provide photocopies affixed with the Borrower's company seal. 2.3 When applying for drawdown, the Borrower shall submit a drawdown notice to the Lender at least 5 bank business days prior to the proposed drawdown date. Once submitted, a drawdown notice will be irrevocable unless otherwise agreed by the Lender in writing. 2.4 After all conditions precedent to drawdown have been satisfied by the Borrower or waived by the Lender, the Lender will remit the loan into a designated account of the Borrower. Such remittance shall be deemed as advance of the loan by the Lender to the Borrower in accordance with this Contract. 2.5 In accordance with relevant regulatory requirement and management requirement of the Lender, a loan exceeding certain value or meeting certain other conditions shall be subject to the entrusted payment arrangement, where the Lender will, upon and in accordance with drawdown request and payment entrustment issued by the Borrower, pay the proceeds of the loan to relevant payees for the purpose as agreed under this Contract. For this purpose, the Borrower shall enter into an entrusted payment agreement with the Lender, which shall be attached hereto as an appendix, and shall open or designate a dedicated account with the Lender for such entrusted payment.