Common use of Drawdown return Clause in Contracts

Drawdown return. 3.4.4.1 If the loan already withdrawn by the borrower exceeds the amount actually paid by the borrower for the related transactions or the refund of the transaction amount occurs due to the commercial contract upon which the loan hereunder is based corresponding to the loan utilization cannot be actually performed in full or is rescinded or becomes invalid through no fault of the lender, the borrower shall return the corresponding loan proceeds to the lender.

Appears in 10 contracts

Samples: Planet Image International LTD, Planet Image International LTD, Planet Image International LTD

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