Common use of Advance Repayment Clause in Contracts

Advance Repayment. Where Party A repays the principal in advance, it shall submit a written application to Party B ten working days in advance, and may repay part or all of the principal in advance with the consent of Party B. Where Party A repays the principal in advance, the interest shall be calculated according to the actual fund use days and the loan interest rate specified in this Contract. If Party B agrees with Party A’s advance repayment of principal, it shall have the right to claim compensation from Party A, and the amount of compensation shall be determined according to the 1st standard below:

Appears in 5 contracts

Samples: Gracell Biotechnologies Inc., Gracell Biotechnologies Inc., Gracell Biotechnologies Inc.

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