Common use of Entrusted payment Clause in Contracts

Entrusted payment. (1) When handling the entrusted payment, Party A shall open or designate a special account at Party B to handle the entrusted payment matters. (2) When handling the entrusted payment, Party A shall provide Party B with the information of its loan account and payment object account and each withdrawal of the supporting materials that the withdrawal conforms to the agreed purpose. Party A shall guarantee that all the materials provided to Party B are true, complete and valid. (3) When handling the entrusted payment, Party B shall only provide the information of the payment object and the financing purpose supporting materials provided by Party A Party B shall review the materials. If Party B fails to complete the entrusted payment in time due to the untrue, inaccurate and incomplete information provided by Party A, Party B shall not bear any responsibility. (4) Party B finds any inconsistency or other defects in the use certification materials provided by Party A, etc Right to require Party A to supplement, replace, explain or resubmit relevant materials before Party A submits the materials satisfactory to Party B Have the right to refuse the payment and payment of the relevant funds. (5) According to the different financing purposes of Party A, Party B shall have the right to request Party A, the independent intermediary agency and other relevant parties to issue a total Party B shall issue and pay the financing funds with the visa form and other relevant supporting materials. (6) After examination, Party B considers that the information provided by Party A is consistent with the agreed financing purpose and the withdrawal complies with the financing contract For the specified preconditions, the financing funds shall be transferred to the account designated by Party A first, and then the corresponding funds shall be transferred to the payment object account of Party A according to the needs and the relevant business vouchers submitted by Party A. (7) In any of the following circumstances, Party B shall have the right to redetermine the financing issuance and payment conditions, or stop the financing payment: 1. Party A provides false or invalid information to Party B to obtain financing; 2. Party A has suffered major adverse changes in production and operation, declining credit status or default under the financing contract; 3. If the financing fund is used for fixed assets investment, the project progress lags behind the use progress of funds; 4. Party A fails to withdraw and pay the financing funds in accordance with the financing contract, and the use of the financing funds is abnormal; 5. Party A violates this Agreement and the financing contract or relevant regulatory provisions, and avoids the entrusted payment by turning it down into pieces; 6. The loan account or payment object account designated by Party A shall be frozen or stopped by the authorized authority.

Entrusted payment. (1I) When handling the conducting entrusted payment, Party A shall open or designate a special dedicated account at in Party B to handle the for conducting matters regarding entrusted payment matterspayment. (2II) When handling the conducting entrusted payment, upon every drawdown, Party A shall provide Party B with the information of its loan account and payment object account of payee and each withdrawal of the supporting materials documents proving that the withdrawal conforms such drawdown is conforming to the agreed purposepurpose as agreed. Party A shall guarantee undertake that all the materials provided to Party B are true, complete and valideffective. (3III) When handling the conducting entrusted payment, Party B shall only provide the information examines and verifies relevant materials such as payee information, supporting document of the payment object and the financing purpose supporting etc. provided by Party A, where Party B’s failure in completing entrusted payment is due to the relevant materials provided by Party A Party B shall review the materials. If Party B fails to complete the entrusted payment in time due to the are untrue, inaccurate and incomplete information provided by Party Aor incomplete, Party B shall not bear assume any responsibilityresponsibility therefor. (4IV) Where Party B finds any inconsistency or other defects in the use certification materials purpose supporting documents provided by Party AA per examination and approval, etc Right Party B is entitled to require ask Party A to for supplement, replacereplacement, explain explanation or resubmit submission of relevant materials before again. Before Party A submits the A’s submission of materials satisfactory to Party B, Party B Have is entitled to reject the right to refuse the payment advance and payment of the relevant fundsamounts. (5V) According to the In accordance with different financing purposes of Party A, Party B shall have the right is entitled to request ask Party A, the independent intermediary agency institution and other relevant parties related party to issue a total relevant supporting documents such as joint certificate etc., Party B shall issue will advance and pay the financing funds with the visa form and other relevant amount based on such supporting materialsdocuments. (6VI) After examinationPer examination and approval, if Party B considers that thinks the information materials provided by Party A is are consistent with the agreed financing purpose and the withdrawal complies with drawdown meets the precedent conditions as agreed in the Financing Contract, Party B will firstly remit the financing contract For the specified preconditions, the financing funds shall be transferred to amount into the account designated by Party A firstA, and then remit the corresponding funds shall be transferred to amount into the payment object account of payee of Party A according to based on the needs and the relevant business vouchers submitted by Party A. (7VII) In Provided any one of the following circumstancessituations, Party B shall have is entitled to re-determine the right to redetermine condition of financing advance and payment, or cease the financing issuance advance and payment conditions, or stop the of financing paymentamount: 1. Party A provides Party B false or invalid information materials to Party B to obtain acquire financing; 2. Party A has suffered major occurs significant adverse changes change in production and operation, declining downgrade of credit status or default situation under the financing contractFinancing Contract; 3. If the Where financing fund amount is used for to invest in fixed assets investmentasset, the project progress lags falls behind the fund use progress of fundsprogress; 4. Party A fails to withdraw draw down and pay the financing funds amount as agreed in accordance with the financing contractFinancing Contract, and the causing abnormal use of the financing funds is abnormalamount; 5. Party A violates this Agreement the agreement hereunder and under the financing contract or relevant regulatory provisionsFinancing Contract, and avoids evades the entrusted payment by turning it down through breaking up the whole into piecesparts; 6. The loan account or payment object account of payee designated by Party A shall be has been frozen or stopped payment by the authorized competent authority.

Entrusted payment. (1) When handling the entrusted payment, Party A shall open or designate a special an account at with Party B to handle B, which will be dedicated for the entrusted payment matterspayment. (2) When handling the In relation to entrusted payment, Party A shall shall, upon each drawdown, provide Party B with the information of its loan own designated account to receive the financing and payee’s account and payment object account and each withdrawal of the relevant supporting materials documents to prove that the withdrawal conforms to such drawdown is for the agreed purpose. Party A shall guarantee warrants that all the materials information provided to Party B are is true, complete and valideffective. (3) When handling the In relation to entrusted payment, Party B shall will only provide the carry out a pro forma review on information of the payment object and the financing purpose supporting materials provided by Party A including information on payees and supporting documents evidencing purpose of financing. Party B shall review the materials. If Party B fails is not liable for its failure to promptly complete the entrusted payment in time due to the fact that any information provided by Party A is untrue, inaccurate and incomplete information provided by Party A, Party B shall not bear any responsibilityincomplete. (4) If Party B finds any inconsistency or other defects in that the use certification materials information provided by Party AA including supporting documents to prove purpose of financing is inconsistent with each other or has other defects, etc Right to Party B may require Party A to supplementprovide supplemental information, or replace, explain on or resubmit re-submit relevant materials before information. Party B may refuse to advance or pay relevant amount until Party A submits provides relevant information to the materials satisfactory to satisfaction of Party B Have the right to refuse the payment and payment of the relevant funds.B. (5) According to the different financing purposes Party A's purpose of financing, Party B may require relevant supporting documents including a jointly-signed certificate to be issued by Party A, Party B shall have the right to request Party A, the an independent intermediary agency and other relevant parties to issue a total parties, and Party B shall issue will advance and pay the relevant financing funds with the visa form and other relevant upon provision of such supporting materialsdocuments. (6) After examination, If Party B considers finds that the information provided by Party A is consistent with the agreed purpose of financing purpose and all conditions precedent to drawdown as agreed under the withdrawal complies with Financing Contract have been satisfied, Party B shall first remit the financing contract For the specified preconditions, the financing funds shall be transferred to the into an account designated by Party A first, and then the corresponding funds shall be transferred transfer relevant amount to the payment object account accounts of Party A according to the needs A's payees as required and the in accordance with relevant business vouchers submitted provided by Party A. (7) In Party B may decide to adjust the conditions for advance and payment of financing, or cease to advance and pay the financing proceeds, upon occurrence of any of the following circumstances, Party B shall have the right to redetermine the financing issuance and payment conditions, or stop the financing paymentevents: 1. Party A provides Party B with false or invalid information to Party B to obtain financing; 2. there is any material adverse change or deterioration of credit condition in Party A has suffered major adverse changes in A's production and operation, declining credit status or any default under the financing contractFinancing Contract; 3. If Where the proceeds of financing fund is used for are to be invested in fixed assets investmentassets, the project progress lags behind the use progress of fundsthe project falls behind expenditure of such proceeds; 4. Party A fails to withdraw and pay draw down or use the financing funds in accordance with the financing contractFinancing Contract, and the or there is any irregularity in use of the financing funds is abnormalproceeds of financing; 5. Party A violates breaches relevant provisions of this Agreement and and/or the financing contract Financing Contract or relevant regulatory provisions, and avoids the provisions by circumventing entrusted payment arrangement by turning it down dividing one drawdown into pieces;multiple drawdowns of smaller amount; or 6. The loan account or payment object account designated by Party A shall be to receive the financing or the account of Party A's payee is frozen or stopped suspended by the authorized authoritycompetent authorities.

Entrusted payment. (1) When handling the entrusted payment, Party A shall open or designate a special account at Party B to handle the entrusted payment matters. (2) When handling the entrusted payment, Party A shall provide Party B with the information of its loan account and payment object account and each withdrawal of the supporting materials that the withdrawal conforms to the agreed purpose. Party xxxxxxx.Xxxxx A shall guarantee that all the materials provided to Party B are true, complete and valid. (3) When handling the entrusted payment, Party B shall only provide the information of the payment object and the financing purpose supporting materials provided by Party A Party B shall review the materials. If Party B fails to complete the entrusted payment in time due to the untrue, inaccurate and incomplete information provided by Party A, Party B shall not bear any responsibility. (4) Party B finds any inconsistency or other defects in the use certification materials provided by Party A, etc Right to require Party A to supplement, replace, explain or resubmit relevant materials before Party A submits the materials satisfactory to Party B Have the right to refuse the payment and payment of the relevant funds. (5) According to the different financing purposes of Party A, Party B shall have the right to request Party A, the independent intermediary agency and other relevant parties to issue a total Party B shall issue and pay the financing funds with the visa form and other relevant supporting materials. (6) After examination, Party B considers that the information provided by Party A is consistent with the agreed financing purpose and the withdrawal complies with the financing contract For the specified preconditions, the financing funds shall be transferred to the account designated by Party A first, and then the corresponding funds shall be transferred to the payment object account of Party A according to the needs and the relevant business vouchers submitted by Party A. (7) In any of the following circumstances, Party B shall have the right to redetermine the financing issuance and payment conditions, or stop the financing payment: 1. Party A provides false or invalid information to Party B to obtain financing; 2. Party A has suffered major adverse changes in production and operation, declining credit status or default under the financing contract; 3. If the financing fund is used for fixed assets investment, the project progress lags behind the use progress of funds; 4. Party A fails to withdraw and pay the financing funds in accordance with the financing contract, and the use of the financing funds is abnormal; 5. Party A violates this Agreement and the financing contract or relevant regulatory provisions, and avoids the entrusted payment by turning it down into pieces; 6. The loan account or payment object account designated by Party A shall be frozen or stopped by the authorized authority.