Common use of Conditions for Withdrawing Clause in Contracts

Conditions for Withdrawing. The borrower’s withdrawal shall meet the following conditions: 1. This contract and its attachments have come into force; 2. The borrower has provided guarantee as required by the lender, and the guarantee contract has become effective through completed legal approval, registration and filing procedures; 3. The borrower has reserved its documents, seals, personnel list and signature samples necessary for the signing and performance of the contract to the lender, and has completed all relevant documents; 4. The borrower has opened the account required for the contract as required by the lender; 5. The borrower has submitted written application and relevant loan purpose documents to the lender 3 working days before the withdrawal; 6. Other conditions of withdrawal as stipulated by law and agreed by both parties. If the conditions above are not met, the lender has the right to refuse the borrower’s application for the withdrawal.

Appears in 11 contracts

Samples: Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD), Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD), Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD)

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Conditions for Withdrawing. The borrower’s withdrawal shall meet the following conditions: 1. This contract and its attachments have come into force; 2. The borrower has provided guarantee as required by the lender, and the guarantee contract has become effective through completed legal approval, registration and filing procedures; 3. The borrower has reserved its documents, seals, personnel list and signature samples necessary for the signing and performance of the contract to the lender, and has completed all relevant documents; 4. The borrower has opened the account required for the contract as required by the lender; 5. The borrower has submitted written application and relevant loan purpose documents to the lender 3 working days before the withdrawal; 6. Other conditions of withdrawal as stipulated by law and agreed by both parties. If the conditions above are not met, the lender has the right to refuse the borrower’s application for the withdrawal, except when the lender approves the withdrawal.

Appears in 4 contracts

Samples: Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD), Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD), Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD)

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Conditions for Withdrawing. The borrower’s 's withdrawal shall meet the following conditions: 1. This contract and its attachments have come into force; 2. The borrower has provided guarantee as required by the lender, and the guarantee contract has become effective through completed legal approval, registration and filing procedures; 3. The borrower has reserved its documents, seals, personnel list and signature samples necessary for the signing and performance of the contract to the lender, and has completed all relevant documents; 4. The borrower has opened the account required for the contract as required by the lender; 5. The borrower has submitted written application and relevant loan purpose documents to the lender 3 working days before the withdrawal; 6. Other conditions of withdrawal as stipulated by law and agreed by both parties. If the conditions above are not met, the lender has the right to refuse the borrower’s 's application for the withdrawal.

Appears in 2 contracts

Samples: Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD), Working Capital Loan Contract (SHENGFENG DEVELOPMENT LTD)

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