Loan Fund Payment. 1.9.1 The payment method of the loan funds hereunder includes the following two payment methods；
Loan Fund Payment. Loan fund payments under this contract can be made via lender-trust payments or borrower-autonomous payments.
Loan Fund Payment. (I) The lender is entitled to manage and control payment of the loan fund through commissioned lender payment or independent borrower payment.
Loan Fund Payment. 1.9.1 The loan agreed hereunder shall be paid following the two methods as below:
Loan Fund Payment. 6.1 The borrower agrees that the lender has the right to manage and control the payment of loan funds through either entrusted payment by the lender or independent payment by the borrower, to ensure the loan funds are used as stipulated in this contract.
6.1.1 Independent payment refers to the situation where the lender disburses loan funds to the borrower’s account, after which the borrower independently pays the trading counterparties in accordance with the agreed purpose of this contract. Under the independent payment method, the borrower shall report to the lender in writing on a monthly basis the usage of the loan funds and submit it to the lender by the 10th of the following month.
6.1.2 Entrusted payment refers to the lender paying the loan according to the borrower’s withdrawal request and payment instructions to the counterparties that meet the agreed purpose of this contract. If the borrower uses the entrusted payment method, they must provide transaction proof materials corresponding to the payment amount at the time of payment. The lender has the right to refuse payment if the borrower provides false materials.
6.2 For withdrawals that comply with the entrusted payment method as per this contract, the borrower irrevocably authorizes and entrusts the lender, after the loan is deposited into the borrower’s loan disbursement account, to transfer the loan funds to the accounts of counterparties that meet the agreed purpose, and to provide payment certificates and related documents as required by the lender.
6.3 During the loan disbursement and payment process, the lender has the right to decide the specific loan amount within the agreed amount range stipulated in this contract. The final loan information shall be based on the records in the loan receipt. If the borrower exhibits any of the following circumstances, the lender has the right to require the borrower to supplement withdrawal conditions and payment conditions, or change the loan payment method, or stop the disbursement and payment of loan funds: (1) decline in credit status; (2) weak profitability in the main business; (3) abnormal use of loan funds.
Loan Fund Payment
