Common use of Independent payment Clause in Contracts

Independent payment. Independent payment means that Party B pays the loan proceeds independently to its transaction counterparties for the agreed purpose after Party A disburses the loan amount to Party B's account upon receipt of Party B's drawdown application.

Independent payment. Independent payment means that Party B pays the loan proceeds independently to its transaction counterparties for the agreed purpose that, after Party A disburses the loan amount funds to Party B's account upon receipt of according to Party B's drawdown applicationapplication for withdrawal, and Party B will pay the same independently to its counterparties who meet the agreed purposes.

Independent payment. Independent payment means that Party B pays the loan proceeds independently to its transaction counterparties for the agreed purpose after Party A disburses has issued the loan amount fund to Party B's account upon receipt according to the withdrawal application of Party B's drawdown application, Party B will make independent payment to its counterparty satisfying the use as agreed in the agreement.

Independent payment. Independent payment means that payment by Party B pays itself to its counterparty for the purpose as agreed herein with the loan proceeds independently advanced to its transaction counterparties for the agreed purpose after account by Party A disburses the loan amount pursuant to Party B's account upon receipt of Party B's drawdown application’s utilization request.