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Common use of Independent Payments Clause in Contracts

Independent Payments. After the lender has released the loan funds to the borrower’s account, the borrower shall make independent payment to the its counter parties for the purpose agreed in the contract. All payments of the loan funds shall be independent except for the situations in which entrusted payment method should be adopted as stipulated in the preceding paragraph..

Appears in 14 contracts

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

Independent Payments. After the lender has released the loan funds to the borrower’s account, the borrower shall make independent payment to the its counter parties for the purpose agreed in the contract. All payments of the loan funds shall be independent except for the situations in which entrusted payment method should be adopted as stipulated in the preceding paragraph...

Appears in 3 contracts

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

Independent Payments. After the lender has released the loan funds to the borrower’s 's account, the borrower shall make independent payment to the its counter parties counterparties for the purpose agreed in the contract. All payments of the loan funds shall be independent except for the situations in which entrusted payment method should be adopted as stipulated in the preceding paragraph...

Appears in 2 contracts

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

Independent Payments. After the lender has released the loan funds to the borrower’s account, the borrower shall make independent payment to the its counter parties counterparties for the purpose agreed in the contract. All payments of the loan funds shall be independent except for the situations in which entrusted payment method should be adopted as stipulated in the preceding paragraph...

Appears in 2 contracts

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

Independent Payments. After the lender has released the loan funds to the borrower’s account, the borrower shall make independent payment to the its counter parties counterparties for the purpose agreed in the contract. All payments of the loan funds shall be independent except for the situations in which entrusted payment method should be adopted as stipulated in the preceding paragraph..

Appears in 2 contracts

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