Common use of Fund Repayment Account Clause in Contracts

Fund Repayment Account. 1. Within three working days from the effective date of this Contract, Party A shall open a fund repayment account at Party B or take the existing account (account number: [***]) opened at Party B as the fund repayment account. 2. Party A shall regularly summarize and report the inflow and outflow of funds in the fund repayment account to Party B on a quarterly (“monthly” or “quarterly” optional) basis. Party A shall summarize and report the inflow and outflow of funds in the previous cycle to Party B at the latest within the first ten working days of each cycle. 3. Party B shall be entitled to manage the inflow and outflow of recouped funds in this account. Specifically, the fund repayment account shall meet the requirements as specified in the following Item (10): (1) Average stock of funds in the account: (2) In-place time of recouped funds: (3) The proportion of Party A’s overall sales funds entering the account: (4) Limit for a single sum of external payment of funds in the account: (5) Limit for a daily sum of external payment of funds in the account: (6) Restrictions on signing online banking for this account: (7) External payment of the funds in the account shall be approved by Party B; (8) This account shall be used exclusively for the collection and repayment of loans under this Contract, and shall not be used for any other purpose; (9) This column is left blank. (10) Other requirements proposed by Party B; (11) It shall be implemented in accordance with relevant provisions of the Account Management Agreement entered between both parties separately.

Fund Repayment Account. 1. Within three working days from the effective date of this Contract, Party A shall open a fund repayment account at Party B or take the existing account (account number: [***]) opened at Party B as the fund repayment account. 2. Party A shall regularly summarize and report the inflow and outflow of funds in the fund repayment account to Party B on a quarterly (“monthly” or “quarterly” optional) basis. Party A shall summarize and report the inflow and outflow of funds in the previous cycle to Party B at the latest within the first ten working days of each cycle. 3. Party B shall be entitled to manage the inflow and outflow of recouped funds in this account. Specifically, the fund repayment account shall meet the requirements as specified in the following Item (10): (1) Average stock of funds in the account: (2) In-place time of recouped funds: (3) The proportion of Party A’s overall sales funds entering the account: (4) Limit for a single sum of external payment of funds in the account: (5) Limit for a daily sum of external payment of funds in the account: (6) Restrictions on signing online banking for this account: (7) External payment of the funds in the account shall be approved by Party B; (8) This account shall be used exclusively for the collection and repayment of loans under this Contract, and shall not be used for any other purpose; (9) This column is left blank. (10) Other requirements proposed by Party B; (11) It shall be implemented in accordance with relevant provisions of the Account Management Agreement entered between both parties separately.