Common use of Change of Payment Method Clause in Contracts

Change of Payment Method. After the submission of the withdrawal application, if the borrower’s external payment, credit rating and other conditions change, the borrower shall change the payment method of the borrowed funds if the self-paid borrowed funds meet the conditions agreed in item (2) of Paragraph 2 of this Article. If the payment method is changed or the entrusted payment method changes the amount of external payment, the payment object and the purpose of the loan, etc., the borrower shall provide the lender with a written explanation of the application for the change, and resubmit the application for withdrawal and relevant transaction materials proving the purpose of the funds.

Appears in 5 contracts

Samples: Working Capital Loan Contract (HUHUTECH International Group Inc.), Working Capital Loan Contract (HUHUTECH International Group Inc.), Working Capital Loan Contract (HUHUTECH International Group Inc.)

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Change of Payment Method. After the submission of the withdrawal application, if the borrower’s external payment, credit rating and other conditions change, the borrower shall change the payment method of the borrowed funds if the self-paid borrowed funds meet the conditions agreed in item (2) of Paragraph 2 of this Article. .If the payment method is changed or the entrusted payment method changes the amount of external payment, the payment object and the purpose of the loan, etc., the borrower shall provide the lender with a written explanation of the application for the change, and resubmit the application for withdrawal and relevant transaction materials proving the purpose of the funds.

Appears in 2 contracts

Samples: Working Capital Loan Contract (HUHUTECH International Group Inc.), Working Capital Loan Contract (HUHUTECH International Group Inc.)

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Change of Payment Method. After the submission of the withdrawal application, if the conditions of the borrower’s external payment, payment and credit rating and other conditions change, the borrower shall change the payment method of the borrowed funds shall be changed if the self-paid borrowed funds meet the conditions agreed in item paragraph 2 (2) of Paragraph 2 of this Articlearticle are met for the borrowed funds paid by the borrower independently. If the payment method is changed or the entrusted payment method changes Where the amount of external payment, the object of payment object and the purpose of the loan, etc.loan are changed under the change of the method of payment or the entrusted method of payment, the borrower shall provide the lender with a written explanation of the application for the change, and resubmit the application for withdrawal and the relevant transaction materials proving the purpose of the funds.

Appears in 1 contract

Samples: Working Capital Loan Contract (Pop Culture Group Co., LTD)

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